Tianqi Lithium Industries Inc Class A

002466: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CNY 44.60	Mjglyt	Yntpwpsn

Tianqi Earnings: Prolonged Fall in Lithium Compound Prices Leading to Quarterly Loss

Vincent Sun

Mar 28, 2024

Tianqi’s fourth-quarter net loss was below the midpoint of its preliminary announcement. The results missed our expectation mainly due to the weak lithium compound segment and drop in equity income. Due to the plunging lithium prices in the quarter, gross margin tanked 7 percentage points year over year, mostly dragged by lithium compound segment margin weakness.

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