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Tianqi Lithium Corp. Class H (HK:9696)
:9696
Hong Kong Market
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Tianqi Lithium Corp. Class H (9696) AI Stock Analysis

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HK:9696

Tianqi Lithium Corp. Class H

(9696)

Rating:56Neutral
Price Target:
HK$32.00
â–Ľ(-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 (9696) vs. iShares MSCI Hong Kong ETF (EWH)

Tianqi Lithium Corp. Class H Business Overview & Revenue Model

Company DescriptionTianqi 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 MoneyTianqi 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 QuĂ­mica 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
45
Neutral
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
58
Neutral
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
60
Neutral
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue13.06B40.45B40.17B7.60B3.22B
Gross Profit5.30B34.35B34.15B4.69B1.33B
EBITDA5.44B37.66B41.46B5.13B1.16B
Net Income-7.90B7.28B23.94B3.65B-1.12B
Balance Sheet
Total Assets69.56B74.97B72.56B45.80B42.29B
Cash, Cash Equivalents and Short-Term Investments6.42B9.35B12.29B1.77B788.21M
Total Debt14.92B11.76B8.71B21.81B30.44B
Total Liabilities19.50B19.01B17.80B26.01B34.86B
Stockholders Equity42.77B51.52B50.16B14.36B5.20B
Cash Flow
Free Cash Flow1.03B18.25B18.58B1.23B-47.11M
Operating Cash Flow5.55B22.69B20.30B2.23B915.75M
Investing Cash Flow-5.88B-2.02B744.01M-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 Price34.75
Price Trends
50DMA
27.30
Positive
100DMA
25.58
Positive
200DMA
25.58
Positive
Market Momentum
MACD
1.95
Negative
RSI
72.68
Negative
STOCH
85.28
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

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
HK$23.08B11.6517.83%0.28%36.51%66.77%
76
Outperform
HK$32.08B41.5825.55%0.12%40.22%46.48%
72
Outperform
$207.51B11.8022.95%0.44%12.14%53.33%
56
Neutral
HK$64.94B―-8.74%4.27%-59.41%-169.49%
44
Neutral
AU$1.51B-6.04-41.37%3.90%-3.45%-43.04%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:9696
Tianqi Lithium Corp. Class H
34.75
12.95
59.40%
HK:3939
Wanguo International Mining Group Ltd.
29.60
22.56
320.45%
HK:2245
Lygend Resources & Technology Co., Ltd. Class H
14.94
10.12
209.96%
HK:3993
China Molybdenum Co
9.18
3.36
57.79%

Tianqi Lithium Corp. Class H Corporate Events

Tianqi Lithium Projects Positive Turnaround in 2025 Interim Results
Jul 14, 2025

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
May 21, 2025

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
Apr 29, 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
Apr 29, 2025

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
Apr 29, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 22, 2025