Tianqi Lithium Corp. Class H ( (HK:9696) ) has issued an announcement.
Tianqi Lithium Corporation announced its audited consolidated results for the year ending December 31, 2024, revealing a significant decline in profitability. The company reported a loss of RMB 880.38 million compared to a profit of RMB 25.64 billion in the previous year, attributed to increased costs and impairment losses. This downturn may impact the company’s market position and stakeholder confidence, highlighting challenges in the lithium market.
More about Tianqi Lithium Corp. Class H
Tianqi Lithium Corporation is a joint stock limited company based in the People’s Republic of China, primarily involved in the lithium industry. The company focuses on the production and supply of lithium compounds and derivatives, which are essential for various applications, including electric vehicle batteries and energy storage solutions.
YTD Price Performance: 2.70%
Average Trading Volume: 1,803,315
Technical Sentiment Signal: Buy
Current Market Cap: HK$53.35B
Find detailed analytics on 9696 stock on TipRanks’ Stock Analysis page.