# If BTR New Material Group Co., Ltd moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/btr-new-material · Facet: ripple · Updated: 2026-07-12T06:19:05.041782+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, BTR New Material Group Co., Ltd is directly linked to 3 companies (0 supply, 3 revenue relationships) and reaches 11 companies within two hops; the links are backed by 8 dated sources, 2 of them primary filings (as of 2026-07-12).

The world No.1 in lithium-ion anode shipments (21%+ share, longest run), a materials giant that has widened from graphite anode into silicon anode (70%+ global) and high-nickel cathode. With Chinese and global cell makers — CATL, BYD, Panasonic, LG Energy Solution, SK On, Samsung SDI — as customers, its volume base is firm. The thesis is that share and the earnings clock are separate: 2025 anode shipments surged ~40% to ~600kt, yet revenue rose only +19% to RMB16.983bn as graphite ASP kept falling, and net income attributable actually slipped -5.93% to RMB875m. Volume and share have recovered, but the price/earnings clock is still at the bottom, and the re-rating trigger is a real rebound in graphite-anode pricing and the pace of silicon-anode commercialization. The cost axis is petroleum/needle coke and graphitization power, managed via its Indonesian green-power plant, the largest anode capacity outside China (2026 shipments guided ~800kt).

## Demand chain (leading)
- T1 CATL (https://valuechain.wiki/catl.md)
- T2 UBTech Robotics (https://valuechain.wiki/ubtech.md)
- T3 Foxconn (Hon Hai) (https://valuechain.wiki/foxconn.md)
- T2 Tesla (https://valuechain.wiki/tesla.md)
- T3 PG&E Corporation (https://valuechain.wiki/pg-e.md)
- T3 Edison International (https://valuechain.wiki/edison-international.md)
- T2 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T2 Xiaomi (https://valuechain.wiki/xiaomi.md)
- T2 Geely Auto (https://valuechain.wiki/geely-auto.md)
- T2 SAIC Motor (https://valuechain.wiki/saic-motor.md)
- T1 BYD (https://valuechain.wiki/byd.md)
- T2 BYD Electronics (https://valuechain.wiki/byd-electronics.md)
- T3 Apple (https://valuechain.wiki/apple.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T1 Panasonic Energy (https://valuechain.wiki/panasonic-energy.md)
- T2 Mazda Motor (https://valuechain.wiki/mazda-motor.md)

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Full node: https://valuechain.wiki/btr-new-material.md · JSON: https://valuechain.wiki/btr-new-material.json