On July 17, Tianqi Lithium fell 3.03% in regular trading to HK$32.36 per share, with turnover of HK$157 million, extending its recent streak of consecutive declines.
On the news front, the company disclosed its H1 earnings forecast on July 14, projecting net profit attributable to shareholders of RMB 28.5 billion to RMB 42.5 billion, representing year-over-year growth of 3,276% to 4,935%. The surge was primarily driven by higher average selling prices for lithium products amid stronger downstream new energy demand, and a significant increase in investment income from its stake in Chilean associate SQM. However, the market's focus has shifted to sequential deterioration: given Q1 net profit of RMB 18.76 billion, implied Q2 profit could decline as much as 48% quarter-over-quarter. Meanwhile, lithium carbonate futures have retreated from above RMB 200,000/tonne in May to below RMB 150,000/tonne, intensifying concerns over an earnings inflection point.
Tianqi Lithium is a lithium-focused new energy materials company engaged in hard-rock lithium mining, lithium concentrate processing, and lithium chemical production, with products widely used in electric vehicles and energy storage systems.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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