Analysis of Tianji Shares (002759) Limit-Up Driving Factors and Market Impact

Tianji Shares (002759) hit the limit-up on December 23, 2025, with a 10% increase and a turnover of 2.918 billion yuan [1]. Its core driving factors are the overall recovery of the lithium battery industry chain:

1. Recovery of the lithium hexafluorophosphate industry
   : As the company’s core business, the price of lithium hexafluorophosphate rose from 61,000 yuan/ton at the beginning of October to 180,000 yuan/ton on December 15, an increase of over 195%. Market demand is strong, and the company adopts a flexible pricing model of monthly negotiation with core customers [2].
2. Overall price increase trend in the lithium battery industry chain
   : Lithium carbonate futures exceeded the 120,000 yuan mark and rose for three consecutive days, driving the prices of lithium battery materials such as VC additives and FEC to rise simultaneously, promoting the collective strength of the lithium battery sector [3][4].
3. Strong driving force from energy storage demand
   : The global energy storage market demand is growing rapidly. The boom in the U.S. AI industry has pushed energy storage construction into a high-speed development period. China’s policies guide the implementation of large-scale energy storage projects, and European household energy storage inventories have bottomed out and shipments have rebounded [2].
4. Signals of fundamental improvement
   : The company’s third-quarter 2025 loss narrowed by 19.22%, and the cumulative loss in the first three quarters narrowed by 46.18%. At the same time, the controlling shareholder terminated the share reduction plan, showing confidence in the company’s future development [2][1].
   In terms of price trends, from September to November, the company’s stock price once rose by a maximum of 380.36% from the low, then retracted by nearly 40%. This limit-up is a rebound signal after the recent adjustment [2].

1. Industrial linkage effect is prominent
   : The recovery of the lithium battery industry chain is indirectly linked to the U.S. AI industry. The boom in the AI industry drives the growth of energy storage demand, which in turn drives up the demand for lithium battery materials [2].
2. Signal significance of controlling shareholder’s behavior
   : Against the background of industry recovery, the controlling shareholder terminated the share reduction plan, reflecting confidence in the company’s performance improvement and long-term development, and enhancing market expectations [1].
3. Sector sentiment and capital resonance
   : The lithium battery sector moved collectively, with Tianci Materials rising by over 9% and Tongguan Copper Foil rising by over 10%, showing obvious sector linkage effects and strong short-term capital driving force [3][4].

:-
: The raised investment project “30,000 tons of lithium hexafluorophosphate and other projects” has been delayed twice, and the implementation progress is lower than expected [2].-
: The lithium carbonate futures price has a discount of more than 10,000 yuan compared with the spot price, and the futures price is significantly out of line with the spot guidance, increasing the risk of high-level fluctuations [3].-
: Need to be alert to stock price corrections that may be caused by market sentiment retreat and changes in regulatory policies [3].-
: Although the company’s loss has narrowed, it has not yet made a profit, and historical low-price orders still have a certain impact on short-term performance [1].

:-
: The overall recovery of the lithium battery industry, and the simultaneous rise in both volume and price of lithium hexafluorophosphate bring room for profit improvement for the company [2][3].

Tianji Shares’ limit-up is driven by multiple factors such as the recovery of the lithium battery industry chain, the simultaneous rise in both volume and price of lithium hexafluorophosphate, and the growth of energy storage demand. Market sentiment is positive, and sector linkage is obvious. In the future, we need to focus on the trend of lithium carbonate prices, changes in supply and demand in the lithium hexafluorophosphate industry, the progress of raised investment projects, and changes in sector sentiment. Investors should make decisions based on their own risk preferences, comprehensive market analysis and company fundamental information.