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Tianqi Lithium (002466) investor relations material
Tianqi Lithium Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached ¥5.13 billion, up 98.44% year-over-year, driven by higher average selling prices of lithium products and strong downstream demand.
Net profit attributable to shareholders was ¥1.88 billion, a 1,699.12% increase year-over-year, with adjusted net profit (excluding non-recurring items) at ¥1.82 billion.
Significant non-recurring gains included investment income from disposal of SQMB shares and government subsidies.
Financial highlights
Operating cash flow was ¥259 million, down 72.77% year-over-year due to reduced cash from sales and increased procurement of lithium concentrate.
Basic EPS was ¥1.12, diluted EPS ¥1.10, both up sharply from ¥0.06 in Q1 2025.
Total assets at quarter-end were ¥79.44 billion, up 10.16% from year-end 2025; equity attributable to shareholders rose 9.52% to ¥46.39 billion.
Outlook and guidance
Continued benefit from new energy industry growth and robust lithium demand expected to support future performance.
Ongoing optimization and ramp-up of the Talison third-phase lithium concentrate expansion project to enhance production capacity.
- Net profit rebounded to RMB 462.6 million on cost controls and improved pricing, despite lower revenue.002466
H2 202528 Mar 2026 - 2024 saw a sharp revenue drop and net loss amid lithium price declines and market headwinds.002466
Q4 202426 Dec 2025 - Severe H1 loss on lithium price drop and SQM tax hit; liquidity and expansion plans intact.002466
Q2 202426 Dec 2025 - Q3 revenue and profit fell sharply on lower lithium prices, but sales volumes and cost structure improved.002466
Q3 202426 Dec 2025 - Net profit returned to positive as investment income and FX gains offset lower lithium prices.002466
H1 202526 Dec 2025 - Q3 net profit rebounded sharply on improved pricing and investment gains, despite lower revenue.002466
Q3 202529 Oct 2025 - Net profit swung to ¥104 million, with stable revenue and improved cost alignment.002466
Q1 202510 Sep 2025
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