002466 Tianqi Lithium Corporation
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Tianqi Lithium Corporation News
Statistics on changes in the share of Zhitong Hong Kong Stock Connect | April 29
According to data disclosed on April 26, 2024, Tianqi Lithium (09696.HK), Easy Dianyun (02416.HK), and Superstar Legend (06683.HK) Hong Kong Stock Connect shares increased the most, increasing by 1.87%, 0.71%, and 0.65% respectively; Value Partners Group (00806.HK), Agile Group (03383.HK), and KEEP INC. (03650.HK) Hong Kong Stock Connect shares decreased the most, decreasing by -0.92%, -0.89%, and -0.79%, respectively.
This week's bullish stocks in Hong Kong | AI models are in the spotlight! Shangtang's stock price doubled this week; Kewang stocks took the lead, and Kuaishou rose more than 27% weekly
The volume of the three major indices surged this week, and the “beef flavor” is getting stronger. The Hang Seng Index rose more than 13% during the week, while the Hang Seng Index and the State-owned Enterprises Index both rose for five consecutive days.
Express News | Tianqi Lithium: Changes in business conditions are in line with industry trends
Counting down to 2 days, industry leaders gathered at the Chongqing Battery Show “Ning Wang” to earn 10 billion dollars in Q1, and Tianqi Lithium is expected to lose 4 billion dollars in the lithium battery industry. Who is working for whom now? |Chongqin
① Under the “volume increase and price reduction” market, the Q1 performance of lithium battery industry chain companies was divided, and the future development trend of the battery industry attracted market attention. Coinciding with this, CIBF 2024 will be held in Chongqing from April 27 to 29; ② New technologies such as solid-state batteries have become a hot topic in the market. The Co-CEO of Zhiji Auto said that the first generation of Lightyear solid-state batteries will actually be mass-produced within this year.
A quick overview of the Hong Kong market | The Hang Seng Index and China Index rose slightly, domestic housing stocks and coal stocks strengthened, Agile Group rose more than 9%, and South Gobi rose nearly 13%
The trend of science and network stocks was divided. Bilibili rose nearly 2% and Meituan fell nearly 2%; non-ferrous metals stocks generally rose; China Aluminum rose nearly 6%, and China Hongqiao rose nearly 4%.
The stock price crashed by nearly 20%, and the “black swan” from Chile broke through the psychological defenses of Tianqi Lithium (09696) investors
Explosive performance triggered a letter from regulators to inquire. The secondary market opened low, and stock prices fell by nearly 20%. On April 24, Tianqi Lithium (09696) ushered in the “darkest hour.” The Zhitong Finance App learned that on the evening of April 23, Tianqi Lithium released a performance forecast for the first quarter of this year: net loss for the first quarter of this year is expected to be 36.43 billion yuan, compared with net profit of 4.875 billion yuan for the same period last year, changing from profit to loss year-on-year. Tianqi Lithium's sudden large advance loss attracted the attention of regulators. Soon thereafter, Tianqi Lithium received a letter of concern from the Shenzhen Stock Exchange requesting it to quantitatively analyze the reason for the sharp increase in losses, and said
Changes in Hong Kong stocks | Ganfeng Lithium (01772) rebounded by more than 4%, and Daiwa said that Tianqi Lithium's huge losses were unrelated to Ganfeng Lithium's own problems
Ganfeng Lithium (01772) rebounded by more than 4%. As of press release, it rose 2.59% to HK$21.8, with a turnover of HK$62.1697 million.
Intraday Overview | The Hong Kong Stock Index opened low and moved higher. After the resumption of trading, Shangtang is now up more than 12%
Technology stocks generally rose. Shunyu Optical Technology rose more than 7%, Huahong Semiconductor rose nearly 5%; Great Wall Motor rose more than 12%, and Q1 net profit surged year-on-year.
The A-share non-ferrous metals sector weakened, and Tianqi Lithium continued to fall by nearly 7%
Gelonghui April 25 | Tianqi Lithium continued to fall by nearly 7%. The Xianglu tungsten industry fell nearly 3%, while Dongfang Zirconium and Huaxi Nonferrous Metals followed suit.
Express News | Tianqi Lithium: The phased mismatch in the lithium concentrate pricing mechanism will gradually weaken, which will have a relatively positive impact on the company's subsequent operations
Express News | Tianqi Lithium: Communicating with Wenfield and relevant parties in a positive direction to discuss and plan the pace of lithium concentrate procurement
What hurt the Tianqi lithium industry's “thunderstorm” the most was insurance capital? China's Taibao lost more than 60% of its holdings after listing, and insurance capital generally lost money on the books in the past two years
① Tianqi Lithium's financial report for the first quarter caused the company's stock price to fall to a halt today, and Hong Kong stocks fell by more than 19%; ② China Taibao and its holding subsidiaries listed Tianqi Lithium lost more than 60%; ③ data shows that insurance companies have generally faced book losses in the past two years. A number of insurance companies put up their licenses to buy at a phased high point.
A quick look at the Hong Kong market | Hong Kong stocks are attacking all over the place! The Tech Index surged nearly 4%, Kuaishou rose more than 8%, and Tencent's stock price reached HK$344
Technology stocks rose sharply. Station B rose nearly 9%, and surged 31.15% before the suspension of trading in Shangtang; domestic housing stocks rose sharply, and Agile Group rose nearly 9%.
Express News | A-share review: The Shanghai Index fluctuated and rebounded up 0.76%. Low-altitude economy and CPO concept stocks collectively surged
Damo: Target price of HK$52 for Tianqi Lithium (09696.HK) “increase in holdings” rating
Morgan Stanley released a research report stating that it gave Tianqi Lithium (09696.HK) an “additional” rating, with a target price of HK$52. The company announced a profit warning. It is expected to lose 3.6 billion yuan to 4.3 billion yuan in the first quarter (same below), which is lower than expectations. Compared with the end of last year, it recorded a net profit of 801 million yuan. The poor pricing mechanism in the past still had a lagging impact on the company's gross margin of lithium products, or caused some impairment losses.
Tianqi Lithium Forecasts Loss in Q1
Tianqi Lithium (SHE:002466, HKG:9696) forecasts it will swing to a loss of between 430 million yuan and 360 million yuan in the first quarter from a profit of 487.5 million yuan in 2022, according to
Daxing Ratings | Daiwa: To maintain Ganfeng Lithium's “outperforming the market” rating indicators for the first quarter, please refer to Xinhua Tianneng
Gelonghui, April 24 | Daiwa released a report stating that Ganfeng Lithium's first-quarter indicators can refer to Xinhua Tianneng, not Tianqi Lithium. Earlier, Xinhua Tianneng announced net profit of 502 million yuan and recurring net profit of 259 million yuan. The two recorded losses of 162 million yuan and 159 million yuan respectively in the fourth quarter of last year. According to the bank, Tianqi may have recorded SQM-related accounting losses of 1.75 billion yuan during the quarter, which has nothing to do with Ganfeng. The bank said it is not clear where Tianqi's remaining adjusted net loss of over 2 billion yuan (calculated based on the median profit forecast range) comes from. If the operating loss for the first quarter comes from profits attributable to minority shareholders, it is relevant
Daxing Ratings | Daiwa: Reiterating Tianqi Lithium's “outperforming the market” rating, first-quarter results fell short of expectations
Gelonghui, April 24 | Daiwa released a report saying that Tianqi Lithium expects a net loss of 3.7 billion to 4.3 billion yuan in the first quarter and a net loss of 3.6 billion to 4.4 billion yuan from continuing operations. It recorded tax and accounting losses due to investing in the Chilean lithium mining company SQM, which may reach 1.75 billion yuan. After deducting the one-time impact, it is estimated that the adjusted net loss will still exceed 2 billion yuan, far below expectations. According to the bank, the relevant accounting losses relate to tax arrangements from 2017 to 2018. It is estimated that at the special shareholders' meeting to be held on Wednesday (24th) local time, SQM will disclose more details and reaffirm its “outperforming the market” rating.
Hong Kong Stock Afternoon Review | Hong Kong stocks continue to be strong! The Tech Index surged nearly 3% to record 3 consecutive gains, and Tencent reached the HK$340 intraday mark
The three major indices opened high, and the Hang Seng Index rose nearly 2% to return to the Wanqi mark; Station B rose nearly 7%, Kuaishou rose more than 6%, and Shangtang skyrocketed by 31.15% and then suspended trading.
Intraday Overview | Hong Kong stocks fluctuated higher, the Tech Index rose more than 2%, and Shangtang surged nearly 30%
Technology stocks showed strong performance. Bilibili rose nearly 7%, Kuaishou rose more than 5%, and Lenovo Group rose nearly 5%.
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