Dongguan securities issued a research report on August 23, saying that it maintained the recommended rating of Guangzhou Tinci Materials Technology Co.Ltd(002709) (002709.sz, latest price: 140.84 yuan). The reasons for rating mainly include: 1) Q2’s performance has increased month on month, and Q3’s performance is expected to further expand; 2) Embracing the high prosperity of downstream, the demand for lithium battery electrolyte products remains strong; 3) The advantages of integrated industrial chain layout were highlighted, and the gross profit margin of lithium battery materials business was increased. Risk tip: downstream demand is less than expected, lithium battery technology iteration risk, intensified market competition, sharp rise in raw material prices, decline in product prices, etc.
(Daily Economic News)
