Tianqi Lithium Industry: it is expected to make a profit of 152 to 16.9 billion yuan in the first three quarters, a year-on-year increase of more than 27 times.

According to the news on October 15, Tianqi Lithium Industry issued a forecast of its results for the first three quarters of 2022. It is estimated that the net profit belonging to shareholders of listed companies in the first three quarters of this year is 152 to 16.9 billion yuan, an increase of 2768.96 percent to 3089.83 percent over the same period last year. Net profit after deducting non-recurring profit and loss is 142 to 15.8 billion yuan, an increase of 11,747.89 percent to 13060.33 percent over the same period last year, and basic earnings per share are 9.97 to 11.08 yuan.

In the third quarter of this year, Tianqi Lithium is expected to have a net profit of 50 to 6.5 billion yuan belonging to shareholders of listed companies, an increase of 1026.10% to 1363.92% over the same period last year; net profit after deducting non-recurring profits and losses is 49.8 to 6.48 billion yuan, an increase of 3625.46% to 4687.34%; basic earnings per share is 3.09 to 4.01 yuan.

Tianqi Lithium Industry said in the announcement that thanks to the improvement of global new energy vehicles, the accelerated capacity expansion of lithium-ion battery manufacturers, the warming of orders for downstream cathode materials, and other positive factors, the sales volume and average price of the company's major lithium products increased significantly during the reporting period compared with the same period last year.