Understanding the Market | TIANQI LITHIUM opened over 8% higher, with rising lithium prices and investment gains supporting the company’s net profit in the first quarter expected to increase by more than 15 times year-on-year

Zhitong
2026.04.21 01:26

TIANQI LITHIUM opened over 8% higher, and as of the time of writing, it rose 8.33% to HKD 63.1, with a transaction volume of HKD 22.6655 million. On the news front, on the evening of April 20, TIANQI LITHIUM issued a profit warning, expecting a net profit attributable to the company of RMB 1.7 billion to RMB 2 billion in the first quarter, a year-on-year increase of 1530.31% to 1818.01%; it is expected to achieve a net profit excluding non-recurring items of RMB 1.6 billion to RMB 1.96 billion, a year-on-year increase of 3501.54% to 4311.88%; it is expected that the basic earnings per share will be between RMB 1.01 and RMB 1.19, compared to RMB 0.06 in the same period last year. Regarding the reasons for the expected significant increase in operating revenue in the first quarter of this year, TIANQI LITHIUM stated that driven by multiple favorable factors such as the development of the new energy industry and the growth of downstream demand, the average sales price of the company's main lithium products has significantly increased compared to the same period last year. In addition, the performance of the company's important joint venture SQM in the first quarter is expected to increase significantly year-on-year, thus the investment income recognized by the company from this joint venture during the reporting period is expected to increase significantly compared to the same period last year

According to Zhitong Finance APP, TIANQI LITHIUM (09696) opened more than 8% higher, and as of the time of writing, it has risen by 8.33%, trading at HKD 63.1, with a transaction volume of HKD 22.6655 million.

In terms of news, on the evening of April 20, TIANQI LITHIUM announced a positive profit forecast, expecting a net profit attributable to the company of RMB 1.7 billion to RMB 2 billion in the first quarter, a year-on-year increase of 1530.31% to 1818.01%; it is expected to achieve a net profit excluding non-recurring items of RMB 1.6 billion to RMB 1.96 billion, a year-on-year increase of 3501.54% to 4311.88%; and basic earnings per share are expected to be between RMB 1.01 and RMB 1.19, compared to RMB 0.06 in the same period last year.

Regarding the reasons for the expected significant increase in operating revenue in the first quarter of this year, TIANQI LITHIUM stated that driven by multiple favorable factors such as the development of the new energy industry and the growth of downstream demand, the average selling price of the company's main lithium products has significantly increased compared to the same period last year. In addition, the performance of the company's important joint venture SQM is expected to increase significantly year-on-year in the first quarter, thus the investment income confirmed by the company from this joint venture during the reporting period has increased significantly compared to the same period last year

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