On the evening of December 30, 2025, leading electrolyte manufacturer Tinci Materials (002709.SZ) released its 2025 annual performance forecast, reporting a significant increase in full-year profitability. Both net profit attributable to shareholders and non-recurring net profit surged by over 120% year-on-year, exceeding market expectations. According to the forecast, Tinci Materials is projected to achieve a net profit attributable to shareholders of RMB 1.1 billion to 1.6 billion in 2025, representing a year-on-year growth of 127.31% to 230.63%. Non-recurring net profit attributable to shareholders is expected to reach RMB 1.05 billion to 1.55 billion, with an even higher year-on-year increase of 175.16% to 306.18%. This impressive performance is attributed to the robust development of the new energy market and the company's efficient operations.

In its announcement, Tinci Materials explained that the growth in performance primarily stems from two core factors. On one hand, sustained strong demand in the new energy vehicle market and rapidly increasing demand in the energy storage sector have driven a substantial year-on-year increase in the sales volume of the company's lithium-ion battery materials. On the other hand, the company's core raw material production capacity has successfully ramped up, while significant cost control achievements in the production process have steadily enhanced overall profitability.

As a key product within the company's core business segment, electrolyte sales have also demonstrated outstanding performance. Data indicates that Tinci Materials' electrolyte sales volume for the full year of 2025 is projected to reach 720,000 tons, surpassing the annual target of 700,000 tons set at the beginning of the year, with a target completion rate of approximately 103%. This highlights the company's core competitive advantages in the lithium-ion battery materials sector.

Public information shows that Tinci Materials was established in June 2000, with its main business covering two major segments: lithium-ion battery materials, and daily chemical materials and specialty chemicals. As a leading enterprise in the electrolyte industry, the company adheres to an integrated layout strategy, with deep involvement in key raw material areas such as lithium hexafluorophosphate, new electrolytes, additives, lithium iron phosphate, lithium carbonate processing, and spodumene concentrate, thereby establishing a comprehensive industrial chain barrier.

In terms of business expansion, Tinci Materials is accelerating its global layout, with simultaneous plans to establish production bases in Morocco and the United States. Among these, the Morocco base is planned to construct an annual production capacity of 150,000 tons of electrolyte, while the U.S. base is planned for an annual production capacity of 200,000 tons of electrolyte. The implementation of these two overseas projects will further enhance the company's global market share.

Notably, while steadily advancing its traditional main business, Tinci Materials has achieved phased progress in its layout within the solid-state battery field. During investor research interactions, the company revealed that its sulfide solid-state electrolyte is currently in the pilot stage, with kilogram-level samples already delivered to downstream battery manufacturers for material technology validation in collaboration with customers. Additionally, the company's UV adhesive frame products have achieved small-scale sales, opening up new profit growth avenues for the company.

It is important to note that alongside the release of the performance forecast, Tinci Materials also disclosed a delay in one of its fundraising projects. The company has postponed the completion date of the "Annual 41,000 Tons Lithium-Ion Battery Materials Project (Phase I)"—a project funded through its 2022 convertible bond issuance—from the originally planned December 31, 2025, to July 31, 2026. This marks the second delay for the project, occurring over a year after the initial postponement. This delay involves RMB 834 million in raised funds, accounting for nearly one-quarter of the net proceeds from the company's 2022 convertible bond issuance. The specific reasons for the project delay have not been further disclosed by the company, and the market will continue to monitor the project's subsequent progress.