Tianqi Lithium Corp. Class H (9696) AI Stock Analysis

• Market Cap: HK$64.94B
• Dividend Yield: 4.27%
• Average Volume (3M): 3.47M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: -59.41%
• EPS Growth: -169.49%
• Country: HK
• Employees: 3,151
• Sector: Basic Materials
• Sector Strength: 72
• Industry: Industrial Materials
• EPS (TTM): 0.06
• Shares Outstanding: 164,122,200
• 10 Day Avg. Volume: 5,208,998
• 30 Day Avg. Volume: 3,470,084
• PEG Ratio: -0.30
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -117.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$34.00
• Price Target Upside: -2.16% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: HK$32.00 ▼(-7.91%Downside)

The overall stock score of 56 reflects Tianqi Lithium Corp.'s mixed financial health, with significant challenges in profitability and valuation concerns due to a negative P/E ratio. The stock's technical indicators are strong, but potential overbought conditions suggest caution. The attractive dividend yield provides some investor value, balancing out some of the financial and valuation risks.

Tianqi Lithium Corp. Class H Business Overview & Revenue Model

Company Description

Tianqi Lithium Corporation produce, process, and sale of lithium concreate and chemical products in Australia, Chile, the United Kingdom, and China. Its products include battery and industrial grade lithium carbonate and lithium hydroxide monohydrate, lithium chloride anhydrous, and lithium metal. The company was founded in 1995 and is headquartered in Chengdu, the People's Republic of China.

How the Company Makes Money

Tianqi Lithium Corp. generates revenue primarily through the sale of lithium compounds and derivatives, such as lithium carbonate and lithium hydroxide. These products are crucial raw materials for the battery industry, specifically for the production of lithium-ion batteries. The company's revenue model is heavily influenced by the demand for electric vehicles and portable electronic devices, which are significant drivers of lithium consumption. Tianqi Lithium's strategic partnerships and investments, including its stake in Sociedad Química y Minera de Chile (SQM), one of the world's largest lithium producers, further bolster its revenue streams. The company's earnings are also supported by its vertically integrated operations, which encompass lithium resource extraction and processing, enabling it to maintain control over product quality and costs.

Tianqi Lithium Corp. Class H Financial Statement Overview

Summary

Tianqi Lithium Corp. exhibits mixed financial performance with significant challenges in revenue and profitability, as seen in the sharp decline in 2024. The balance sheet is stable but carries risk due to high debt and negative net income. Despite these issues, positive operating cash flows highlight operational efficiency.

Income Statement

The income statement shows significant volatility in revenue and profits. Revenue decreased sharply from 2023 to 2024, with a drastic fall in net income, resulting in a net loss for 2024. The gross profit margin and net profit margin have declined dramatically compared to previous years, indicating challenges in maintaining profitability.

Balance Sheet

The balance sheet reflects a relatively high level of debt, with a 2024 debt-to-equity ratio of approximately 0.36. Although stockholders' equity remains substantial, the return on equity has suffered due to negative net income. The equity ratio is stable but indicates potential risks if profitability does not improve.

Cash Flow

Cash flow statements reveal a decrease in free cash flow from 2023 to 2024, yet the company maintains positive operating cash flows. The free cash flow to net income ratio is impacted by the net loss in 2024, but operating cash flow remains a strength, indicating operational efficiency despite profit challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.06B	40.45B	40.17B	7.60B	3.22B
Gross Profit	5.30B	34.35B	34.15B	4.69B	1.33B
EBITDA	5.44B	37.66B	41.46B	5.13B	1.16B
Net Income	-7.90B	7.28B	23.94B	3.65B	-1.12B
Balance Sheet
Total Assets	69.56B	74.97B	72.56B	45.80B	42.29B
Cash, Cash Equivalents and Short-Term Investments	6.42B	9.35B	12.29B	1.77B	788.21M
Total Debt	14.92B	11.76B	8.71B	21.81B	30.44B
Total Liabilities	19.50B	19.01B	17.80B	26.01B	34.86B
Stockholders Equity	42.77B	51.52B	50.16B	14.36B	5.20B
Cash Flow
Free Cash Flow	1.03B	18.25B	18.58B	1.23B	-47.11M
Operating Cash Flow	5.55B	22.69B	20.30B	2.23B	915.75M
Investing Cash Flow	-5.88B	-2.02B	744.01M	-65.19M	-520.49M
Financing Cash Flow	-3.24B	-23.44B	-10.57B	-1.15B	-3.51B

Tianqi Lithium Corp. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9696, the sentiment is Positive. The current price of 34.75 is above the 20-day moving average (MA) of 30.45, above the 50-day MA of 27.30, and above the 200-day MA of 25.58, indicating a bullish trend. The MACD of 1.95 indicates Negative momentum. The RSI at 72.68 is Negative, neither overbought nor oversold. The STOCH value of 85.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9696.

Tianqi Lithium Corp. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2245	77 Outperform	HK$23.08B	11.65	17.83%	0.28%	36.51%	66.77%
3939	76 Outperform	HK$32.08B	41.58	25.55%	0.12%	40.22%	46.48%
3993	72 Outperform	$207.51B	11.80	22.95%	0.44%	12.14%	53.33%
9696	56 Neutral	HK$64.94B	―	-8.74%	4.27%	-59.41%	-169.49%
Sector *	44 Neutral	AU$1.51B	-6.04	-41.37%	3.90%	-3.45%	-43.04%

Tianqi Lithium Corp. Class H Corporate Events

Tianqi Lithium Projects Positive Turnaround in 2025 Interim Results

Tianqi Lithium Corporation has announced an optimistic forecast for its 2025 interim results, projecting a potential net profit of up to RMB155 million for the first half of the year, a significant improvement from the substantial loss reported in the same period last year. This positive outlook is attributed to a more favorable pricing mechanism for lithium concentrates, increased investment income from its associate SQM, and favorable exchange rate movements of the Australian dollar, which have collectively enhanced the company’s financial performance despite market volatility.

The most recent analyst rating on (HK:9696) stock is a Buy with a HK$34.00 price target. To see the full list of analyst forecasts on Tianqi Lithium Corp. Class H stock, see the HK:9696 Stock Forecast page.

Tianqi Lithium Corporation’s 2024 AGM Resolutions Passed with Strong Support

Tianqi Lithium Corporation held its 2024 Annual General Meeting on May 21, 2025, where several key resolutions were passed. The meeting saw a significant participation rate, with 34.1498% of the total voting shares represented. All proposed resolutions, including the approval of the 2024 work reports, financial statements, and profit distribution plan, were passed with overwhelming support, indicating strong shareholder confidence in the company’s strategic direction.

The most recent analyst rating on (HK:9696) stock is a Buy with a HK$34.00 price target. To see the full list of analyst forecasts on Tianqi Lithium Corp. Class H stock, see the HK:9696 Stock Forecast page.

Tianqi Lithium Reports Significant Profit Turnaround in Q1 2025

Tianqi Lithium Corporation reported its first quarterly financial results for 2025, showing a slight decrease in operating income by 0.02% compared to the same period last year. However, the company experienced a significant turnaround in profitability, with a net profit attributable to shareholders of RMB 104.27 million, a marked improvement from a loss of RMB 3.90 billion in the previous year. This positive shift is attributed to the company’s strategic adjustments and improved market conditions, although the net cash flow from operating activities saw a substantial decline of 69.73%. These results indicate a recovery phase for Tianqi Lithium, potentially strengthening its position in the lithium market and impacting stakeholders positively.

Tianqi Lithium Approves Cross Guarantees to Strengthen Subsidiary Operations

Tianqi Lithium Corporation held an Extraordinary General Meeting (EGM) on April 29, 2025, where shareholders approved a special resolution for the provision of cross guarantees between its controlling subsidiaries. This decision, supported by over 92% of the votes, reflects the company’s strategic move to strengthen its financial structure and operational synergy among its subsidiaries. The approval is expected to enhance Tianqi Lithium’s market positioning and operational efficiency, potentially benefiting stakeholders by ensuring more robust financial backing and collaboration across its business units.

Tianqi Lithium Corporation Announces 2025 AGM to Discuss Key Resolutions

Tianqi Lithium Corporation has announced its upcoming Annual General Meeting (AGM) scheduled for May 21, 2025, in Chengdu, Sichuan, China. The meeting will address several key resolutions, including the approval of the 2024 work reports, financial statements, profit distribution plan, and the 2025 financial budget. Additionally, the company will consider the re-appointment of auditors, the purchase of liability insurance for management, and proposals related to financial guarantees and share issuance. These resolutions are crucial for the company’s operational and financial planning, potentially impacting its market positioning and stakeholder relations.