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SHE:002709

6 stories mentioning SHE:002709Updated 34d ago

Every FINWIRES story that references SHE:002709, newest first.

Asia

Tinci Materials' H1 Profit Expected to Soar Up to 1,020%

Guangzhou Tinci Materials Technology (SHE:002709) expects that its net profit attributable to shareholders for the first half will soar by between 908% and 1,020% year on year to a range of 2.70 billion yuan to 3 billion yuan, according to a Shenzhen bourse filing on Friday.The new energy material manufacturer's attributable profit a year earlier was 267.9 million yuan.The forecast is attributed to strong demand for lithium-ion battery electrolyte and lithium hexafluorophosphate product and sales growth.

SHE:002709
Asia

Tinci Materials Technology Scraps Battery Materials Project; Shares Fall 4%

Guangzhou Tinci Materials Technology (SHE:002709) terminated its subsidiary Nantong Tinci's 243,000-ton lithium battery and fluorinated new materials project.The new energy material manufacturer scrapped the project due to intensified competition, oversupply in the electrolyte market and a deteriorating fluorochemical industry environment, according to a weekend filing with the Shenzhen Stock Exchange.The company said its existing 200,000-ton capacity in Liyang, closer to key clients, is more cost-effective.No substantive construction had begun beyond land preparation, with only 9.4 million yuan spent on preliminary work.Shares of Tinci Materials Technology were down 4% in recent trade.

SHE:002709
Asia

Guangzhou Tinci Materials Technology Provides 50 Million Yuan Guarantee for Subsidiary

Guangzhou Tinci Materials Technology (SHE:002709) provided a 50 million yuan guarantee for its wholly owned subsidiary, Jiujiang Tinci New Power Materials Technology.The guarantee, signed with ICBC, falls within the company's total guarantee quota of 7.5 billion yuan for 2026, according to a Tuesday filing with the Shenzhen bourse.Shares of the new energy material manufacturer declined 1% in recent trade.

SHE:002709
Asia

Tinci Materials' Unit Raises Product Amount in Revised Procurement Deal

Guangzhou Tinci Materials Technology's (SHE:002709) unit, Jiujiang Tinci Advanced Materials, revised its procurement cooperation agreement with companies under Wuhan Chuneng New Energy, raising the amount of product to be supplied, according to a Shenzhen bourse filing on Tuesday.Tinci Advanced Materials will supply 1.01 million tons of electrolyte products to Wuhan Chuneng New Energy, Xiaogan Chuneng New Energy Innovation Technology, Yichang Chuneng New Energy Innovation Technology and Xiangyang Chuneng New Energy Innovation Technology until Dec. 31, 2030.The original amount of electrolyte products to be delivered in the previous contract was 550,000 tons.

SHE:002709
Asia

Tinci Materials Tech to Build Lithium Iron Phosphate Plant for 2.10 Billion Yuan

Guangzhou Tinci Materials Technology (SHE:002709), through subsidiary Tinci Materials (Taizhou), will construct a high-pressure lithium iron phosphate plant for up to 2.10 billion yuan, according to a Shenzhen bourse filing on Wednesday.The plant will annually produce 160,000 tons of lithium iron phosphate.The Chinese new energy material manufacturer's shares rose 2% during the afternoon trade.

SHE:002709
Asia

Tinci Materials Technology Q1 Profit Soars 1,062%, Revenue Jumps 91%

Guangzhou Tinci Materials Technology (SHE:002709) posted first-quarter attributable net profit of 1.65 billion yuan, soaring 1,062% from 149.6 million yuan the previous year.Earnings per share jumped to 0.81 yuan from 0.08 yuan, according to a Tuesday filing with the Shenzhen bourse.Revenue went up 91% year over year to 6.67 billion yuan from 3.49 billion yuan.Shares of the new energy material manufacturer declined 1% in recent trade.

SHE:002709

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