In the first quarter of 2026, the net profit attributable to the parent company of Tianci Materials reached 1.654 billion yuan, a year-on-year increase of more than 10 times, and the single quarter profit has exceeded the full year of 2025. Behind the soaring performance, the company is accelerating its capacity expansion - on May 26th, it announced plans to invest no more than 2.1 billion yuan to build a new 160000 ton/year high-pressure lithium iron phosphate project in Taizhou, Zhejiang.

From 12500 tons to 190000 tons

The project is led by Tianci Materials (Taizhou) Co., Ltd., located in the Taizhou Bay Circular Economy Industrial Agglomeration Zone. It adopts rotary kiln sintering technology and its products are suitable for the power and energy storage battery market. The first phase of the Taizhou base with a capacity of 12500 tons has been put into operation in March 2023, and the second phase with a capacity of 25000 tons is planned to be completed in April 2026, with a full production target of 190000 tons.

The company stated that the project will be integrated with the existing iron phosphate production line to build a comprehensive competitive advantage. At present, the high-pressure lithium iron phosphate product has completed pilot testing, but there are still risks in equipment efficiency and quality control, and detailed feasibility studies are still being promoted.

Global production capacity exceeds one million tons

Tianci Materials started with daily chemical raw materials in 2000, went public in 2014, and entered the lithium-ion battery market in 2016. By the end of 2025, the under construction capacity of lithium battery materials will reach 1 million tons, and a 200000 ton electrolyte factory in North America has started construction. The electrolyte production capacity is about 850000 tons, and the lithium hexafluorophosphate production capacity is about 110000 tons, both of which are in full production.

Net profit in the first quarter exceeded that of the entire year last year

In 2025, the company's revenue will be 16.65 billion yuan, a year-on-year increase of 33%; The net profit attributable to the parent company was 1.362 billion yuan, an increase of 181% year-on-year. In the first quarter of 2026, the revenue was 6.673 billion yuan, a year-on-year increase of 91%; The net profit attributable to the parent company was 1.654 billion yuan, an increase of more than 10 times year-on-year, and the net profit after deducting non recurring expenses was 1.56 billion yuan, an increase of more than 10 times year-on-year. The main reason for the growth is the simultaneous increase in the quantity and price of lithium battery materials, full orders for lithium iron phosphate, and full production operation of the dual base.Editor/Cheng Liting