E company news, Tianci Materials (002709) announced on the evening of October 26 that the company intends to invest in the construction of "annual output of 300,000 tons of electrolyte and 100,000 tons of iron lithium battery recycling project" through the establishment of a wholly-owned subsidiary, with a total investment of 1.533 billion yuan. According to the three quarterly reports disclosed on the same day, the company achieved a net profit of 771 million yuan in the third quarter, an increase of 273% year-on-year; and a net profit of 1.554 billion yuan in the first three quarters, an increase of 199.72% year-on-year.
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