Tianyuan Shares acquires full ownership of Tiancheng Lithium for 92.88 million yuan
Tianyuan Shares (002386.SZ) won a bid on September 21, 2026, to acquire a 20.2057% stake in its subsidiary Yibin Tiancheng Lithium New Materials Co., Ltd. from Yibin Luo Investment Asset Management for 92.88 million yuan. The transaction will increase Tianyuan's ownership from 79.7943% to 100%, making Tiancheng Lithium a wholly owned subsidiary. Tiancheng Lithium, established in May 2023, produces phosphate-based cathode materials for batteries. The company reported revenue of 1.249 billion yuan and net profit of 17.86 million yuan for the first seven months of 2026.
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Tianyuan Shares Wins Bid for 20.2% Stake in Subsidiary Tiancheng Lithium, Moving to Full Ownership
Tianyuan Shares (002386) announced on September 21 that it successfully bid for a 20.2057% stake in its subsidiary Yibin Tiancheng Lithium New Materials Co., Ltd. from Yibin Luo Investment Asset Management Co., Ltd. for 92.88 million yuan (approximately $12.8 million) through the Yibin Nanxi District Public Resources Trading Service Center. The transaction, if completed, will increase Tianyuan's ownership from 79.7943% to 100%, making Tiancheng Lithium a wholly owned subsidiary. Tiancheng Lithium, with a registered capital of 400 million yuan, specializes in electronic specialty materials manufacturing, research, and sales. As of July 31, 2026, the company reported total assets of approximately 1.451 billion yuan, total liabilities of about 1.023 billion yuan, and net assets of roughly 428 million yuan. For the first seven months of 2026, it posted audited revenue of about 1.249 billion yuan and net profit of 17.86 million yuan. An appraisal by Sichuan Tianjian Huahang Assets Appraisal Co., Ltd. valued Tiancheng Lithium's total equity at approximately 465 million yuan as of July 31, 2026, with the acquired stake valued at 93.92 million yuan. Tianyuan stated that Tiancheng Lithium's development is now on track, and full ownership will align its future with the parent company's strategy, enabling increased investment in lithium battery new materials, accelerating technological innovation, improving operational efficiency, and enhancing market competitiveness.
Read sourceTianyuan Shares to Acquire Remaining 20.21% Stake in Tiancheng Lithium for 92.88 Million Yuan
On September 21, Tianyuan Shares announced it won a bid to acquire the remaining 20.21% equity in its subsidiary, Yibin Tiancheng Lithium New Materials Co., Ltd. (Tiancheng Lithium), from Yibin Luo Investment Asset Management Co., Ltd. for 92.88 million yuan. The transaction will make Tiancheng Lithium a wholly-owned subsidiary. Tiancheng Lithium, established in May 2023 with a registered capital of 400 million yuan, produces phosphate-based cathode materials for new energy vehicle power batteries, energy storage batteries, and specialty batteries. As of July 2026, Tiancheng Lithium reported total assets of 1.451 billion yuan, net assets of 428 million yuan, and net profit of 17.86 million yuan on revenue of 1.249 billion yuan for the first seven months of 2026. An appraisal valued Tiancheng Lithium's total equity at 465 million yuan. Tianyuan stated the acquisition aligns with its '15th Five-Year Plan' strategy to expand investment in lithium battery new materials, accelerate technological innovation, and improve operational efficiency. Tiancheng Lithium is advancing a second-phase project for 100,000 tons of high-compaction lithium iron phosphate cathode materials. Separately, Tianyuan's refinancing plan, approved by the CSRC, aims to raise up to 479 million yuan to repay bank loans and supplement working capital, with controlling shareholder Yibin Development subscribing to all new shares.
Read sourceTianyuan Shares Wins Auction for Subsidiary Tiancheng Lithium Battery Stake
On September 21, 2026, Tianyuan Shares (002386.SZ) announced it successfully bid for a 20.2057% stake in its controlled subsidiary, Yibin Tiancheng Lithium Battery New Materials Co., Ltd., from Yibin Luo Investment Asset Management Co., Ltd. The transaction was conducted through the Yibin Nanxi District Public Resources Trading Service Center, with a winning bid of 92.8832 million yuan. A transaction confirmation letter was signed on the same day. The company stated that Tiancheng Lithium Battery's development is now on track, providing the conditions to increase its shareholding and investment. Upon completion, Tiancheng Lithium Battery will become a wholly-owned subsidiary, ensuring its future development aligns with the company's strategic plan. This move is intended to support Tianyuan Shares' '15th Five-Year' strategic plan, expand its lithium battery new materials industry investment, accelerate technological innovation, improve operational efficiency, and enhance market competitiveness to promote high-quality development.
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Tianyuan Shares Wins Bid for 20.2% Stake in Tiancheng Lithium Battery Subsidiary
Tianyuan Shares (Tianyuan Co., Ltd.) announced on September 21, 2026, that it successfully bid for a 20.2057% equity stake in its controlled subsidiary, Yibin Tiancheng Lithium Battery New Materials Co., Ltd. (Tiancheng Lithium Battery), through the Yibin Nanxi District Public Resource Trading Service Center. The seller was Yibin Luo Investment Asset Management Co., Ltd. (Luo Investment Asset). The transaction price was 92.88 million yuan (approximately 92,883,200 yuan). A transaction confirmation letter was signed on the same day. This acquisition increases Tianyuan's ownership in the lithium battery materials subsidiary.
Tianyuan Shares Wins Bid for 20.2% Stake in Lithium Subsidiary Tiancheng Lithium
Tianyuan Shares (Tianyuan Co., Ltd.) announced it has successfully won the bid for a 20.2057% equity stake in its controlled subsidiary, Tiancheng Lithium, at a transaction price of 92.88 million yuan (approximately 92.88 million RMB). The company signed a transaction confirmation letter on the same day. Following the completion of this transaction, Tiancheng Lithium will become a wholly owned subsidiary of Tianyuan Shares. The company stated that this move will ensure that Tiancheng Lithium's future development aligns with the company's overall development strategy and will help the company further expand its presence in the lithium battery new energy sector. The report originates from Shanghai Securities News and China Securities Network.
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