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<Alert> TIANQI LITHIUM (09696.HK) Expects 1Q Net Profit to Surge at Least 15x to RMB1.7 Billion
Recommend 6 Positive 12 Negative 6 |
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TIANQI LITHIUM (09696.HK) issued a positive profit alert, forecasting net profit attributable to shareholders of between RMB1.7 billion and RMB2.0 billion for the three months ended March, representing a YoY increase of 1,530% to 1,818%.
The substantial growth was mainly driven by favorable factors including the development of the new energy industry and rising downstream demand, which led to a significant increase in the average selling prices of the companys major lithium products and a sharp rise in revenue during the period. In addition, its key associate SQM is expected to record a substantial increase in quarterly results, resulting in a corresponding surge in the companys investment income from SQM. (de/d) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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