We Think Guangzhou Tinci Materials Technology (SZSE:002709) Is Taking Some Risk With Its Debt

Simply Wall StDec 2 23:23 ET

guangzhou tinci materials technology (002709.SZ): cumulatively repurchased 0.26% of shares

Guangzhou Tinci Materials Technology (002709.SZ) announced that as of November 30, 2024, the company repurchased a total of 4,924,900 shares through a buyback special securities account for centralized auction trading, accounting for approximately 0.26% of the total share capital. The highest fill price was 24.80 yuan/share, the lowest fill price was 23.91 yuan/share, and the total fill amount was approximately 120.0183 million yuan (excluding transaction costs). The source of funds for this repurchase of shares is the company's own funds and special loan funds, and the repurchase price did not exceed the price limit set in the repurchase plan of 25.

Gelonghui FinanceDec 2 05:58 ET

Soochow Securities: The pace of domestic solid state battery industrialization is accelerating, with sulfides having the greatest potential in the future.

Solid electrolytes are key to achieving the performance of solid state batteries, and among them, sulfides have the greatest development potential due to their highest ionic conductivity, soft texture, and ease of processing, making them a focal strategy for mainstream manufacturers.

Zhitong FinanceDec 2 01:03 ET

Guangzhou Tinci Materials Technology (002709.SZ): designated as the delivery warehouse for lithium carbonate futures.

Grain 28 November | Guangzhou Tinci Materials Technology (002709.SZ) announced the progress of applying for the designated delivery warehouse of lithium carbonate at Guangzhou Futures Exchange. Guangzhou Futures Exchange issued the "Announcement on Adjusting the Designated Lithium Carbonate Futures Delivery Warehouse" (Guangqi Office [2024] No. 316) on 27 November 2024, adding the company as the lithium carbonate futures delivery warehouse. Being designated as the lithium carbonate futures delivery warehouse will help the company organically integrate the spot market, futures market, and delivery warehouse, further enhancing the company's risk resistance and market competitiveness, and expanding business channels in the future.

Gelonghui FinanceNov 28 05:12 ET

guangzhou tinci materials technology (002709. SZ): Currently, the overall proportion of LiFSI addition is maintained at around 2%.

Gelonghui November 25th | guangzhou tinci materials technology (002709.SZ) stated in recent investor relations activities that currently, the overall proportion of LiFSI additives is maintained at around 2%. With the continuous popularization of fast-charging batteries, the proportion of LiFSI additives is expected to further increase. For the external sales of LiFSI, the company has been rapidly increasing its volume this year through its stable product performance and continuous customer expansion.

Gelonghui FinanceNov 25 04:46 ET

Guangzhou tinci materials technology (002709.SZ): The addition ratio of LiFSI will still increase next year.

Guangzhou Tinci Materials Technology (002709.SZ) stated in recent investor relations activities that due to the better ionic conductivity, thermal stability, and electrochemical stability of LiFSI, its amount in fast-charging battery electrolyte formulations is continuously increasing. The company believes that as consumers' performance requirements for new energy autos increase, the proportion of LiFSI added next year will continue to rise, further driving the company's LiFSI sales next year.

Gelonghui FinanceNov 25 04:45 ET