Key Takeaways:
Tianqi Lithium Corp. reported interim net profit of RMB4.236 billion, up 47.9x from a year earlier, as lithium prices rebounded and sales volumes climbed.
The most recent analyst rating on the stock is a Buy with a HK$65.00 price target, according to TipRanks data, implying roughly 67 percent upside from the current level.
Revenue for the six months ended June 30 rose 153.6% to RMB12.224 billion, the company said in its interim results. Gross profit climbed 311.6% to RMB7.865 billion, with gross margin expanding 24.71 percentage points to 64.34%, driven by improved market conditions and higher selling prices of lithium products. Earnings per share reached RMB2.5. No interim dividend was declared.
The results mark a sharp recovery for one of the world's largest lithium producers, whose earnings collapsed during the 2024-2025 lithium price downturn. The company, which also lists A-shares in Shenzhen under code 002466, attributed the gains to higher lithium prices and volumes across its operations. Its board is led by chairlady and executive director Jiang Anqi.
The rebound follows a recovery in lithium prices after a prolonged period of oversupply weighed on the battery-materials sector. Demand from electric-vehicle and energy-storage markets has since strengthened, supporting higher selling prices for the company's lithium hydroxide and carbonate products.
Shares rose more than 5% to HK$38.88 in Hong Kong trading, while peer Ganfeng Lithium gained nearly 2%. The company's market capitalization stands at about HK$89.6 billion.
The profit surge reflects a strengthening lithium cycle that could support a re-rating of battery-materials stocks across Hong Kong and Asian markets. Investors will watch the full interim report, due to be distributed to H-shareholders in September, for segment-level detail on volumes and pricing.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
