Tianqi Lithium Corporation (09696) announced that the group expects to record a net profit attributable to shareholders of the company of RMB 5.1 billion to RMB 6.0 billion for the first nine months of 2026, representing a year-on-year increase of approximately 2,734.97% to 3,235.26%.
Net profit after deducting non-recurring gains and losses is expected to be approximately RMB 5.03 billion to RMB 5.93 billion, representing a year-on-year increase of approximately 6,957.09% to 8,219.79%. The basic earnings per share range is expected to be RMB 3.00 to RMB 3.53.
The board of directors believes that the main reason for the change in performance during this reporting period is that the company expects operating revenue for this reporting period to rise substantially compared with the same period last year. Driven by multiple favorable factors including the development of the new energy industry and growth in downstream demand, the average selling prices of the company's major lithium products during this reporting period all increased significantly compared with the same period last year.
As of the date of this announcement, Sociedad Quimica y Minera de Chile S.A. (SQM), an important associate of the company, has not yet published its third quarter 2026 results report. After fully considering all reliable information available and following its consistent approach, the company uses information such as Bloomberg's forecast for SQM's third quarter 2026 earnings per share as the basis for calculating the company's investment income from SQM for the same period.
Based on the aforementioned forecast data, combined with SQM's disclosed results for the first half of 2026, SQM's performance for the first three quarters of 2026 is expected to increase substantially year-on-year. Therefore, the investment income from this associate recognized by the company during this reporting period increased substantially compared with the same period last year.
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