Tianqi Lithium (09696) Fa Yingxi expects net profit from the mother to increase sharply to about 2.85 billion yuan - 425 billion yuan in the first half of the year

According to Zhitong Finance App News, Tianqi Lithium (09696) announced that the group is expected to obtain net profit of about 2.85 billion yuan to the mother in the first half of 2026 (unreviewed), while net profit due to mother for the same period in 2025 is 84.41 million yuan; net profit deducted from non-net profit is estimated to be 2.81 billion yuan to 4.2 billion yuan (unreviewed), and non-net profit deducted for the same period in 2025 is 1.32 million yuan.

The Board of Directors believes that the main reason for the change in performance during the reporting period is that revenue for the reporting period is expected to rise sharply compared to the same period last year. Driven by multiple favorable factors such as the development of the new energy industry and the increase in downstream demand, the average sales price of the company's major lithium products increased markedly during the reporting period compared to the same period last year.

Furthermore, as of the date of this announcement, the Company's important affiliate Sociedad Química y Minera de Chile S.A (. SQM, Chilean Chemical and Mining Company) has yet to announce its results report for the second quarter of 2026. The company comprehensively considers the reliable information it can obtain, and uses a consistent method to calculate the company's investment income in SQM for the same period based on information such as SQM's earnings per share for the second quarter of 2026 predicted by Bloomberg. According to the foregoing forecast data, SQM's performance for the first half of 2026 is expected to increase significantly year-on-year, so during this reporting period, the company confirmed a significant increase in investment income in the associated company compared to the same period last year.