On August 28, TIANQI LITHIUM rose 3.14% in regular trading, trading at HK$38.2/share, with turnover of HK$23.70 million.
On the news front, the company released its interim results on August 27, reporting revenue of RMB 122.42 billion for the first half, up 153.32% year-over-year, with net profit attributable to shareholders reaching RMB 42.42 billion, surging 4,925.46% — nearly 50 times the year-ago level. The dramatic profit recovery was driven by lithium price recovery and capacity ramp-up at the Greenbushes mine Phase III.
In addition, the company completed an H-share placement and convertible bond issuance during the period, and strategically invested RMB 150 million in Sunwoda Power to strengthen downstream integration. JPMorgan Chase has also increased its H-share holdings multiple times recently, with its long position rising to 11.17%, signaling institutional confidence in the company's outlook.
(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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