Guangzhou Tinci Materials Technology (002709) H2 2025 earnings summary

Executive summary

• Achieved revenue of ¥16.65 billion in 2025, up 33% year-over-year, with net profit attributable to shareholders of ¥1.36 billion, up 181.43% year-over-year.

• Core lithium battery materials business saw strong growth, with sales volume up 44% and significant expansion in overseas markets.

• Day-to-day chemicals and specialty chemicals business revenue grew 10.69% year-over-year, with innovative product launches and increased R&D investment.

• Major investments in capacity expansion, global supply chain, and resource recycling, including new projects in the US and Morocco.

Financial highlights

• Revenue: ¥16.65 billion, up 33% year-over-year; net profit: ¥1.36 billion, up 181.43% year-over-year.

• Gross margin for lithium battery materials increased by 3.82 percentage points to 21.27%.

• Operating cash flow: ¥1.18 billion, up 34.11% year-over-year.

• R&D expenses: ¥847 million, up 26.75% year-over-year, representing 5.09% of revenue.

• Total assets: ¥26.93 billion, up 12.41% from previous year; net assets: ¥17.85 billion, up 33.74%.

• Basic and diluted EPS: ¥0.71, up 184% year-over-year.

Outlook and guidance

• Expects continued growth in lithium battery materials driven by global EV and energy storage demand.

• Plans to further expand overseas market share, especially in North America, Europe, and Southeast Asia.

• Focus on high-performance cathode materials, resource recycling, and differentiated specialty chemicals.

• Ongoing investment in R&D for next-generation battery technologies, including sodium-ion and solid-state batteries.