THXN(SZ:300390)2022-11-21 16:20Company Overview - Suzhou Tianhua Super Clean Technology Co., Ltd. focuses on three main business areas: anti-static ultra-clean technology products, medical devices, and lithium battery materials [1] - In the first half of 2021, the company reported revenues of CNY 322 million from anti-static ultra-clean technology products, CNY 231 million from medical devices, and CNY 879 million from lithium battery materials [1] Lithium Battery Materials Development - Tianyi Lithium Industry plans to leverage the rapid growth of the new energy vehicle industry to expand its lithium battery materials business [2] - The first phase of the battery-grade lithium hydroxide project is set to complete 20,000 tons by August 2021, with a target of producing over 23,000 tons annually [2] - The second phase aims to achieve a production capacity of 25,000 tons of battery-grade lithium hydroxide by the end of 2021 [2] Resource Assurance and Supply Chain - Tianyi Lithium Industry has secured long-term supply agreements with suppliers, ensuring a supply of 145,000 to 175,000 tons of lithium concentrate in 2021 and 215,000 to 245,000 tons in 2022 [2] - The company has also established a strategy to expand upstream resources to meet future production capacity needs [2] Customer Structure and Market Strategy - Current customers include leading domestic cathode material manufacturers, with some products already exported [3] - The pricing model for transactions with customers is linked to publicly available prices for lithium carbonate and lithium hydroxide, with discounts based on order quantities [3] Future Strategic Planning - The company is committed to expanding its lithium concentrate supply both domestically and internationally, while also considering high-quality salt lake resources [3] - Tianyi Lithium Industry does not plan to invest in lithium mica resources due to long-term quality concerns [3]