Stock Track | Tianqi Lithium Soars 5.14% Intraday on Stellar Q1 Earnings and Surging Lithium Prices

Stock Track04-30 10:42

Tianqi Lithium's stock surged 5.14% during the intraday session on Thursday, following the release of its exceptional first-quarter financial results.

The company reported a staggering 1,699.12% year-over-year increase in net profit to RMB 18.76 billion, with revenue soaring 98.44% to RMB 51.28 billion. This explosive growth was primarily fueled by robust expansion in the new energy industry and strong downstream demand, which significantly lifted the average selling prices of the company's key lithium products. Additionally, anticipated substantially higher earnings from its associate, SQM, contributed to increased investment income for the period.

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