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Tianqi Lithium Corp. Class H ( (HK:9696) ) has issued an update.
Tianqi Lithium Corporation has issued a profit warning, projecting a net profit for the first quarter of 2025, a significant turnaround from the substantial net loss reported in the same period last year. The improvement is attributed to a reduction in the impact of pricing mechanism mismatches and increased production and sales volumes, despite a decline in lithium product prices. Additionally, the company anticipates increased investment income from its associate, Sociedad Química y Minera de Chile S.A., due to expected growth in SQM’s performance.
More about Tianqi Lithium Corp. Class H
Tianqi Lithium Corporation is a leading company in the lithium industry, primarily engaged in the production and sale of lithium compounds and derivatives. The company focuses on the global market for lithium products, which are essential for various applications, including batteries for electric vehicles and energy storage systems.
YTD Price Performance: -11.85%
Average Trading Volume: 2,088,023
Technical Sentiment Signal: Buy
Current Market Cap: HK$46.48B
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