Tianqi Lithium (002466.SZ) announced results for the first three quarters, with net profit of 5.602 billion yuan to mother, an increase of 3013.86% over the previous year

According to Zhitong Finance App, Tianqi Lithium (002466.SZ) released its report for the third quarter of 2026. The company achieved operating income of 18.279 billion yuan in the first three quarters, up 147.11% year on year; net profit attributable to shareholders of listed companies was 5.602 billion yuan, up 3013.86% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 5,533 billion yuan, up 7663.29% year on year; basic earnings per share were 3.3 yuan.

The main reason for the increase in the company's performance in the first three quarters was 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 significantly from the beginning of the year to the end of the reporting period, leading to a significant increase in operating income and gross profit over the same period of the previous year; according to Bloomberg forecast data, combined with SQM's disclosed results for the first three quarters of 2026, SQM's performance for the first three quarters of 2026 is expected to increase significantly year-on-year. Therefore, the company's confirmed investment income in the associated company increased significantly from the beginning of the year to the end of the reporting period compared to the same period last year.