Tianqi Lithium Reports Q3 Loss Amid Falling Income

Tianqi Lithium Corp. Class H (HK:9696) has released an update.

Tianqi Lithium Corp. has reported a significant downturn in its financial performance for the third quarter of 2024, with operating income dropping by 57.48% and a net loss attributable to shareholders reaching RMB 495.6 million. The company’s total assets decreased by 3.92% and owner’s equity fell by 15.55%, reflecting the challenging market conditions and operational hurdles.

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