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Tianqi Lithium's Q1 Profit Surges 18-Fold as Revenue Nearly Doubles

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-- Tianqi Lithium (HKG:9696, SHE:002466) posted a 1,699% year-over-year jump in attributable net profit in the first quarter to 1.88 billion yuan from 104.3 million yuan, according to filings with the Hong Kong and Shenzhen bourses late Monday.

The pace of growth was in line with the company's guidance of a 1,530% to 1,818% expansion issued last week.

Earnings per share rose to 1.10 yuan from 0.06 yuan.

Revenue climbed 98% to 5.13 billion yuan from 2.58 billion yuan in Q1 2025.

Shares of the lithium company fell marginally in Hong Kong, and were down more than 1% in Shenzhen Tuesday morning.

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