TIANQI LITHIUM 1Q Net Profit RMB1.876 billion, Up 1,699% YoY
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TIANQI LITHIUMreported a remarkable first-quarter net profit of RMB1.876 billion, a staggering increase of 1,699% year-on-year. Revenue also saw a significant rise, reaching RMB5.128 billion, up 98.4% YoY. This growth is attributed to higher average selling prices of lithium products and increased investment income from associates. The earnings per share (EPS) stood at RMB1.12. The stock experienced a decline of 2.895% with short selling at $21.42 million.
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