Tianci Materials issued a performance warning for the second consecutive year, and the electrolyte industry faces challenges

Tianci Materials, known as the "number one electrolyte company", has recently fallen into a profit dilemma and has issued performance warnings for two consecutive years. According to the 2024 performance forecast released on January 7, the company expects the net profit attributable to shareholders of listed companies in 2024 to be 440 million yuan to 520 million yuan, a decrease of 76.73%-72.5% compared with the same period in 2023. This result is mainly due to the sharp drop in the price of electrolyte products last year and the inventory loss of some products. In addition to these problems, Tianci Materials also needs to face a series of challenges such as the imbalance of supply and demand in the entire lithium battery electrolyte industry, declining profitability, shrinking market share, and obstacles to overseas expansion.