HTSC research reports pointed out that Guangzhou Tinci Materials Technology (002709.SZ) signed a "material supply agreement" with Contemporary Amperex Technology yesterday, agreeing to supply electrolyte products with a corresponding quantity of 58,600 tons of solid lithium hexafluorophosphate to Contemporary Amperex Technology, which is expected to improve the company's market share and accelerate industry capacity clearance. Considering that the profit of the electrolyte business is at the bottom, and the company's cost advantage is clear, the increase in market share gives the company a target price of 26.27 yuan (previous value of 26.19 yuan) with a reasonable PE ratio of 25 for 25 years and maintain a "buy" rating.
华泰证券：天赐材料与宁德时代签订电解液供应协议，维持“买入”评级
HTSC: Guangzhou Tinci Materials Technology and Contemporary Amperex Technology have signed an electrolyte supply agreement. The rating remains "buy".
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