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Tianqi Lithium Corporation: Severe H1 loss on lithium price drop and SQM tax hit; liquidity and expansion plans intact

Tianqi Lithium Corporation: Severe H1 loss on lithium price drop and SQM tax hit; liquidity and expansion plans intact

Tianqi Lithium Corp. Class AAugust 30, 20244
Tianqi Lithium Corporation: Severe H1 loss on lithium price drop and SQM tax hit; liquidity and expansion plans intact

About this update from Tianqi Lithium Corp. Class A

Revenue fell 74% year-over-year to RMB 6.42 billion, with a net loss of RMB 5.21 billion due to lower lithium prices and a one-time tax hit at SQM. Cash flow and margins declined sharply, but the company maintains strong liquidity and continues to invest in new capacity.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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