On July 23, TIANQI LITHIUM rose 3.36% in regular trading, trading at HKD 33.28/share, with turnover of HKD 29.50 million, extending its recent oversold rebound trajectory following consecutive sharp declines earlier this month.
On the news front, the majority of lithium battery industry chain companies reported positive H1 results. TIANQI LITHIUM previously disclosed H1 earnings guidance 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%, primarily driven by higher average selling prices of lithium products and significant earnings growth from associate company SQM. However, the market had noted that Q2 net profit implied a sequential decline of up to 48% from Q1, triggering a steep selloff in prior sessions including multiple limit-down events in A-shares.
Additionally, UBS Group increased its H-share stake to 7.53% on July 10, signaling institutional confidence in the company's medium-to-long-term value. Current industrial-grade lithium carbonate prices stand at approximately RMB 148,000/tonne, with upstream reluctance to sell at low prices and active downstream procurement supporting sentiment.
(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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