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TIANQI LITHIUM Hikes ~7% After Announcing Expected 15-18x+ Surge in 1Q Earnings
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TIANQI LITHIUM (09696.HK) opened 8.33% higher today (21st) and once peaked at HKD63.5. It last traded at HKD62.2, up 6.78%, with a volume of 4.132 million shares, involving HKD255 million. The company has issued a positive profit alert predicting that net profit attributable to shareholders for 1Q26 will surge by 1,530-1,818% YoY to RMB1.7-2 billion. This growth was mainly driven by an expected YoY spike in revenue during the period, benefiting from the expansion of the new energy sector and rising downstream demand, which led to a marked YoY increase in the average selling prices of the company's major lithium products. Auto-translated by AI AASTOCKS Financial News |
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