Hong Kong Market Quick View | Hong Kong stocks rose and fell back, the Technology Index dropped nearly 1%; Semiconductors stocks and China-Affiliated Brokerage stocks turned to declines, Semiconductor Manufacturing International Corporation fell over 4%,
The Network Technology stocks showed mixed results, with KUAISHOU-W up 6.31% and Baidu Group-SW up 5.74%; the semiconductor stocks weakened, with SHANGHAI FUDAN down 8.03% and HG SEMI down 6.35%; the Lithium Battery stocks decreased, with LEOCH INT'L up 14.11% and BYD Electronics down 7.59%.
The performance of the Industry Chain is showing differentiation, and the expectation of a rebound in the lithium battery Sector is currently "warming up".
Looking at the performance forecasts of various segments of the lithium battery Industry Chain, there is a clear differentiation in the performances of numerous companies.
The 2025 lithium battery equipment Order has made a good start.
At the beginning of 2025, China’s lithium battery equipment industry experienced a strong wave of Orders, with several companies consecutively securing Orders from domestic and international customers, indicating a rebound in the industry's prosperity and a new growth cycle has quietly begun.
Hong Kong stocks have shown fluctuations | In January, the price of Lithium rose alongside the price of lithium carbonate, with Tianqi Lithium Corporation (09696) climbing over 10% during intraday trading, and GANFENGLITHIUM (01772) rising over 7%.
Lithium stocks surged in the afternoon, with Tianqi Lithium Corporation (09696) rising over 10% during trading. As of the time of publication, Tianqi Lithium Corporation is up 6.64%, priced at 24.9 Hong Kong dollars; GANFENGLITHIUM (01772) is up 4.88%, priced at 21.5 Hong Kong dollars.
Express News | During the trading session, lithium stocks surged, with Tianqi Lithium Corporation's A-shares once hitting the daily limit, while the H-shares increased by over 9%.
Express News | Lithium stocks have shown unusual activity, with Tianqi Lithium Corporation sharply rising to the daily limit.
The A-share Lithium Extraction from Salt Lakes Sector rose: Tianqi Lithium Corporation increased by over 5%.
On February 12, in the A-share market, the Lithium Extraction from Salt Lakes Sector surged, with Tianqi Lithium Corporation rising over 5%, and GANFENGLITHIUM, Zangge Mining, Chengxin Lithium Group, and Eve Energy Co.,Ltd. also increasing.
On February 10, Gelonghui reported that Shanghai Ganglian E-Commerce Holdings released data showing that today's battery-grade lithium carbonate (morning session) price remained unchanged from the previous day, with an average price of 76,900 yuan/ton.
On February 10, Gelonghui reported that Shanghai Ganglian E-Commerce Holdings released data showing that today's battery-grade lithium carbonate (morning session) price remained unchanged from the previous day, with an average price of 76,900 yuan/ton.
Gelonghui, February 8th | Shanghai Ganglian E-Commerce Holdings released data indicating that today the price of battery-grade lithium carbonate (morning session) remains the same as yesterday, with an average price of 76,900 yuan/ton.
Gelonghui, February 8th | Shanghai Ganglian E-Commerce Holdings released data indicating that today the price of battery-grade lithium carbonate (morning session) remains the same as yesterday, with an average price of 76,900 yuan/ton.
CITIC SEC: Crude Oil Product prices may reach a turning point in supply and demand relations, with the overall investment safety margin in the Chemical Sector being relatively high.
In 2025, the energy and chemical industries still face significant challenges amidst increasing uncertainty in domestic and foreign policies.
Hong Kong market quick view | The three major Indexes are aggressively climbing, with the Tech Index rising over 2%; the "BYD system" surged in the afternoon, with BYD Electronic soaring over 19%, and BYD Company rising over 11%.
Network Technology stocks saw a general increase, with SENSORY-W rising by 4.24% and XIAOMI-W increasing by 2.27%; Lithium Battery stocks all rose, with BYD Electronics climbing by 19.58% and BYD Company rising by 11.51%; Autos stocks generally rose, with BYD Company up by 11.51% and LI Auto-W increasing by 6.08%;
Express News | The Hong Kong stock market's nonferrous Industry is generally sluggish, with CGN MINING falling over 12%, and JIANGXI COPPER, MMG, GANFENGLITHIUM, SD GOLD, and Tianqi Lithium Corporation collectively dropping over 3%.
Tianqi Lithium Corporation (002466): Termination of investment and construction of the Quinan Phase II project due to asset impairment, leading to an expanded loss in Q4.
Investment key events: The company released its performance forecast, with a net profit attributable to shareholders for 2024 expected to be between -8.2 and -7.1 billion yuan, a decrease of 197-212% year-on-year; the net profit excluding non-recurring gains and losses is also expected to be between -8.2 and -7.1 billion yuan, representing a decrease of 199-214%; among them, the fourth quarter net profit attributable to shareholders.
Morgan Stanley reports that Tianqi Lithium Corporation (09696.HK) experienced a preliminary loss in the last quarter that was greater than expected, impacted by impairment losses.
Morgan Stanley's report indicates that Tianqi Lithium Corporation (09696.HK) announced preliminary results for last year, with a net loss of 7.1 billion to 8.2 billion yuan, higher than the bank's estimate of 6 billion yuan. This implies a net loss of 1.4 billion to 2.5 billion yuan in the fourth quarter of last year. Tianqi Lithium Corporation stated that the losses stem from tungsten ore inventory under high costs, decreased investment profits from SQM, impairment of the Kwinana project, and foreign exchange losses. Tianqi Lithium Corporation decided to terminate the Kwinana 0.024 million tons LIOH phase two project, which may lead to impairment of previous investments. Additionally, Kwinana suspended production last October for regular maintenance and one.
Tianqi Lithium Scraps Australian Lithium Hydroxide Project, Flags 1.41 Billion Yuan Impairment
Tianqi Lithium Warns of Loss in 2024
Tianqi Lithium Warns of 2024 Loss on Lower Lithium Prices, Impairment Losses
[Profit Warning Stock] Tianqi Lithium Corporation (09696) fell by 2.62%, expects a net loss of up to 8.2 billion yuan for the whole of 2024.
Jinwu Financial News | Tianqi Lithium Corporation (09696) stock price is under pressure, as of the time of writing, it has dropped by 2.62%, trading at 22.3 Hong Kong dollars, with a transaction amount of 11.51 million Hong Kong dollars. In terms of news, the company has issued a profit warning, expecting a net loss attributable to the Shareholders for the fiscal year ending December 31, 2024, to be in the range of 7.1 billion to 8.2 billion yuan, compared to 7.297 billion yuan in the same period of 2023. The announcement indicates that the performance change is mainly due to the impact of fluctuations in the lithium product market, with overall market prices for lithium products showing a significant downward trend during the reporting period, and the sales prices and gross profits of the company's lithium products have significantly decreased compared to the same period last year.
Hong Kong A-share fluctuations丨Profit warning, Tianqi Lithium Corporation Listed in Hong Kong fell over 3%, A-shares fell over 4%.
On January 24, Gelonghui reported that Tianqi Lithium Corporation's Hong Kong stock fell over 3% to 22.1 Hong Kong dollars, while the A-shares dropped over 4% to 29.85 yuan. In terms of news, Tianqi Lithium Corporation issued a profit warning, expecting the net loss attributable to Shareholders in the 2024 fiscal year to be in the Range of 7.1 billion yuan to -8.2 billion yuan, compared to 7.297 billion yuan in the same period last year. During the reporting period, the market price of lithium products showed a significant downward trend, leading to a sharp decline in the sales price and gross profit of the company's lithium products. At the same time, affected by the mismatch in time cycles between the pricing mechanism of the lithium concentrate of its subsidiary, Telesin Chemical, and the pricing mechanism for the sales of the company's lithium chemical products, the Operation Earnings Reports showed a temporary loss.
Hong Kong stock changes | Tianqi Lithium Corporation (09696) opened down over 3%, with the company announcing a maximum expected loss of 8.2 billion yuan for the whole year and termination of the second phase of the lithium hydroxide project.
Tianqi Lithium Corporation (09696) opened more than 3% lower, as of the time of writing, down 3.06%, priced at 22.2 Hong Kong dollars, with a trading volume of 1.2388 million Hong Kong dollars.