Tianhua New Energy (300390) Strong Uptrend Analysis: Driven by Lithium Battery Material Prices and Sector Prosperity Improvement

This analysis is based on tushare_strong_pool data showing Tianhua New Energy (300390) entering the strong stock pool [0]. Core driving factors include lithium carbonate price breaking through 94,000 yuan/ton to hit a new annual high [7], enhanced momentum in the new energy sector [5], and ETF capital inflows [1][3][8], pushing the stock price up 15.06% in a single day and leading the energy metal sector.

As a lithium battery material supplier, Tianhua New Energy focuses its main business on new energy lithium battery materials (accounting for 99.10%) [0], directly benefiting from the rise in lithium carbonate prices [7] and the recovery of lithium iron phosphate prices [6]. The overall pull-up of the energy metal sector [5], combined with capital inflows from products like GF CSI Rare Metal ETF [3], further amplified the stock price increase. The company is a component stock of products like Battery 50 ETF [8], and the increased demand for ETF capital allocation has enhanced the stock’s liquidity and valuation flexibility [1].

1. Upstream Material Prices and Downstream Stock Linkage
   : Lithium carbonate price breaking through 94,000 yuan/ton to hit a new annual high [7] directly transmitted to the stock prices of lithium battery material enterprises like Tianhua New Energy, showing a strong correlation between the upstream cost side and the downstream equity side.
2. ETF Capital Amplifies Sector Effect
   : Capital inflows into products like Battery 50 ETF and Rare Metal ETF [3][8] intensified the stock price fluctuations of leading enterprises in the sector, forming a positive feedback loop.
3. Long-Term Demand Expectations Support
   : The market predicts that lithium carbonate prices may break through 150,000 yuan/ton by 2026 [3], and the explosion of energy storage demand and the growth of the new energy vehicle market provide long-term demand support for the industry [0].

: Short-term fluctuation risk of lithium carbonate prices [7], policy adjustment risk in the new energy sector, callback risk caused by market sentiment reversal.
: Long-term order opportunities brought by the continuous growth of energy storage demand [0], profit repair driven by the recovery of lithium iron phosphate prices [6], liquidity premium brought by ETF component stock allocation [1][8].

Tianhua New Energy’s strong performance mainly comes from three factors: the rise in lithium carbonate prices, enhanced sector momentum, and ETF capital inflows. The company’s strategy focuses on the lithium battery material business [0], benefiting from the recovery of prosperity in the new energy industry chain. Investors should pay attention to core indicators such as upstream material price trends, sector capital flows, and long-term demand changes.