Tinci Materials
{{Short description|Chinese daily chemical materials manufacturer}}
{{Infobox company
| name = Guangzhou Tinci Materials Technology Co., Ltd.
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| type = Public
| traded_as = {{szse|002709}}
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| founded = June 2000
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| hq_location_city = Guangzhou{{cite web | author=Fengrong He | title=Synthesis of hierarchical Sn/SnO nanosheets assembled by carbon-coated hollow nanospheres as anode materials for lithium/sodium ion batteries | publisher=Royal Society of Chemistry | date=6 February 2020 | url=https://pubs.rsc.org/en/content/articlehtml/2020/ra/c9ra08897k | archive-url=https://web.archive.org/web/20220706064936/https://pubs.rsc.org/en/content/articlehtml/2020/ra/c9ra08897k | archive-date=July 6, 2022 | url-status=live}}
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| key_people = Xu Jinfu (chairman){{cite web | last=Thompson | first=Sarah | last2=Macdonald | first2=Anthony | title=Strategic investors pile into Cassini Resources | website=Australian Financial Review | date=August 16, 2018 | url=https://www.afr.com/street-talk/strategic-investors-pile-into-cassini-resources-20180816-h142ss | access-date=}}
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| revenue = {{increase}}$3.1 billion
| revenue_year = 2023
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| net_income = $716 million
| net_income_year = 2023
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| assets = $3.8 billion
| assets_year = 2023
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| num_employees = 6,002
| num_employees_year = 2023
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| website = {{URL|https://www.tinci.com/index_en.aspx|www.tinci.com}}
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Tinci Materials ({{zh|s=天赐材料|t=天賜材料|first=s}}; officially Guangzhou Tinci Materials Technology Co., Ltd.{{cite web |title=UPDATE 2-China new energy vehicle sales to grow over 40%/yr in next 5 yrs -industry body | website=Reuters | date=June 18, 2021 | url=https://www.reuters.com/article/china-autos-electric-idCNL2N2O003T | access-date=}}), simply known as Tinci,{{cite web |author=Nick Evans |title=Nickel minnow Cassini gets $7m boost from China's Tinci | work=The Australian | date=April 3, 2019 | url=https://www.theaustralian.com.au/business/dataroom/nickel-minnow-cassini-gets-7m-boost-from-chinas-tinci/news-story/4f83b08fde5431f4e2b8b0f9a869bba4 | archive-url=https://archive.today/20220621130517/https://amp.theaustralian.com.au/business/dataroom/nickel-minnow-cassini-gets-7m-boost-from-chinas-tinci/news-story/4f83b08fde5431f4e2b8b0f9a869bba4 | archive-date=2022-06-21 | url-status=live }} is a Chinese{{cite web |author=Srinivasan Sivabalan, Netty Idayu Ismail |title=The Next Big Green Trade Is Divergence in Emerging-Market Stocks | work=Bloomberg News | date=November 18, 2021 | url=https://www.bloomberg.com/news/articles/2021-11-18/the-next-big-green-trade-is-divergence-in-emerging-market-stocks | archive-url=https://archive.today/20211118114637/https://www.bloomberg.com/news/articles/2021-11-18/the-next-big-green-trade-is-divergence-in-emerging-market-stocks | archive-date=2021-11-18 | url-status=live }} cosmetics materials manufacturer founded by Xu Jinfu in 2000.{{cite web | title=The performance of Tinci Materials (002709.SZ) in H1 is better than the market expectation | work=Hong Kong Economic Journal | date=Aug 27, 2021 | url=https://www1.hkej.com/dailynews/investment/article/2894617/%E5%A4%A9%E8%B3%9C%E6%9D%90%E6%96%99%E5%A2%9E%E9%95%B7%E5%8B%81+%E5%A4%A7%E8%A1%8C%E9%BD%8A%E5%94%B1%E5%A5%BD }} The company primarily involves in the R&D and production of new fine chemical materials,{{cite web |author=Luoyan Liu | title=Tinci Materials' share price quickly hit limit up on Monday | work=Reuters | date=March 10, 2022 | url=https://www.reuters.com/article/%E3%80%8A%E8%82%A1%E5%B8%82%E7%AE%80%E8%AE%AF%E3%80%8B%E4%B8%AD%E5%9B%BD%E7%B2%BE%E7%BB%86%E5%8C%96%E5%B7%A5%E5%85%AC%E5%8F%B8%E5%A4%A9%E8%B5%90%E6%9D%90%E6%96%99%E6%B6%A8%E5%81%9C%EF%BC%8C%E5%89%8D%E4%B8%A4%E6%9C%88%E5%87%80%E5%88%A9%E5%90%8C%E6%AF%94%E6%9A%B4%E5%A2%9E%E8%BF%91%E4%BA%94%E5%80%8D-idCNL3S2VD0O3 | access-date=}} especially specializing in the producing of electrolytes.{{cite web |author=Paul Bartholomew, Analyst Lucy Tang |title=Tinci Materials invests in Cassini Resources Limited and acquires its 6.02% stake | work=S&P Global | date=October 24, 2019 | url=https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/102419-trade-dispute-could-help-chinas-new-energy-vehicle-sector-sampp-global-ratings | archive-url=https://archive.today/20220711132741/https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/102419-trade-dispute-could-help-chinas-new-energy-vehicle-sector-sampp-global-ratings | archive-date=2022-07-11 | url-status=live }} Additionally, the company also makes battery materials{{cite web |author=Abhishek Vishnoi |title=Tesla Battery Supplier Jumps to Record as Green Stocks Rally | work=Bloomberg News | date=June 10, 2021 | url=https://www.bloomberg.com/news/articles/2021-06-10/battery-giant-catl-jumps-to-record-powers-rally-in-green-stocks | archive-url=https://archive.today/20220620160453/https://www.bloomberg.com/news/articles/2021-06-10/battery-giant-catl-jumps-to-record-powers-rally-in-green-stocks%23xj4y7vzkg | archive-date=2022-06-20 | url-status=live }} and specialty chemicals.{{cite web |author=Huiling Chow | title=Tinci Materials' share price rises 4.7%, to build 41,000 tons per year of lithium battery materials project | website=Reuters | date=September 29, 2021 | url=https://www.reuters.com/article/%E3%80%8A%E8%82%A1%E5%B8%82%E7%AE%80%E8%AE%AF%E3%80%8B%E4%B8%AD%E5%9B%BD%E5%A4%A9%E8%B5%90%E6%9D%90%E6%96%99%E4%B8%80%E5%BA%A6%E9%80%86%E5%8A%BF%E6%B6%A84.7%25%EF%BC%8C%E6%8B%9F%E5%BB%BA%E5%B9%B4%E4%BA%A74.1%E4%B8%87%E5%90%A8%E9%94%82%E7%94%B5%E6%B1%A0%E6%9D%90%E6%96%99%E9%A1%B9%E7%9B%AE-idCNL4S2QV0VD | access-date=}}
Tinci Materials stepped into the lithium battery electrolyte industry in 2002.{{cite web | title=Tinci Materials will go public in an IPO | website=Ta Kung Pao | date=November 5, 2013 | url=http://finance.takungpao.com/q/2013/1105/2017082.html | archive-url=https://web.archive.org/web/20220705053832/http://finance.takungpao.com/q/2013/1105/2017082.html | archive-date=July 5, 2022 | url-status=live | access-date=|publisher=AAStocks News Agency}} In 2011, it became a supplier to Procter & Gamble.Russell Flannery (a senior editor at Forbes). {{cite web | title=China P&G Supplier Becomes A Billionaire | work=Forbes | date=July 17, 2016 | url=https://www.forbes.com/sites/russellflannery/2016/07/17/china-pg-supplier-becomes-a-billionaire/ }} The company went public on the Shenzhen Stock Exchange on January 23, 2014,{{cite web | title=BRIEF-Guangzhou Tinci Materials' A-shares to begin trading in Shenzhen on Jan 23 | website=Reuters | date=January 21, 2014 | url=https://www.reuters.com/article/tinci-materials-brief-idUSL3N0KV44L20140121 | access-date=}} with the stock symbol "002709.SZ".{{cite web | title=China new energy vehicle sales to grow over 40%/yr in next 5 yrs -industry body | website=Reuters | date=June 18, 2021 | url=https://www.reuters.com/business/autos-transportation/china-nev-sales-grow-over-40-each-year-next-5-years-industry-body-2021-06-18/ | access-date=}}
Tinci Materials forged a partnership with Lanxess in March 2021,{{cite web | title=BASF invests in a battery materials joint venture in China | website=Handelsblatt | date=May 20, 2021 | url=https://www.handelsblatt.com/unternehmen/industrie/chemiekonzern-basf-investiert-in-gemeinschaftsunternehmen-fuer-batteriematerialien-in-china/27209438.html | archive-url=https://web.archive.org/web/20210521020130/https://www.handelsblatt.com/unternehmen/industrie/chemiekonzern-basf-investiert-in-gemeinschaftsunternehmen-fuer-batteriematerialien-in-china/27209438.html | archive-date=May 21, 2021 | url-status=live}} and starting the following year, its electrolyte formulations will be produced at a plant in Leverkusen, Germany.{{cite web |author=Adam Duckett | title=Lanxess enters battery electrolyte sector | website=The Chemical Engineer | date=April 13, 2021 | url=https://www.thechemicalengineer.com/news/lanxess-enters-battery-electrolyte-sector/ | archive-url=https://web.archive.org/web/20210513205327/https://www.thechemicalengineer.com/news/lanxess-enters-battery-electrolyte-sector/ | archive-date=May 13, 2021 | url-status=live | access-date= }} In May, it signed a supply agreement with CATL.{{cite web |author=Min Jeong Lee |title=Asia Stocks Poised for Best Weekly Advance in Three Months | work=Bloomberg News | date=May 28, 2021 | url=https://www.bloomberg.com/news/articles/2021-05-28/asia-stocks-poised-for-best-weekly-advance-in-three-months | archive-url=https://archive.today/20220620161757/https://www.bloomberg.com/news/articles/2021-05-28/asia-stocks-poised-for-best-weekly-advance-in-three-months | archive-date=2022-06-20 | url-status=live}}
In 2023, the company announced that it will discontinue its electrolyte project in the Czech Republic and relocate production facilities to Casablanca, Morocco. The total investment will be 1.99 billion yuan, with work to be completed in 2025. The company's annual production capacity is 150,000 tonnes of electrolytes, 100,000 tonnes of lithium hexafluorophosphate and 50,000 tonnes of lithium-iron phosphate materials.{{cite web |website=Kallanish |title= Tinci Materials ditches project in the Czech Republic in favour of Morocco|url=https://www.kallanish.com/en/news/power-materials/market-reports/article-details/tinci-materials-ditches-project-in-the-czech-republic-in-favour-of-morocco-0823/|date=August 16, 2023 }}