Tianqi Lithium reported strong financial performance with significant growth in the first half of 2018.
The company generated CNY 3.29 billion of revenue, which was an increase of 36.24% over the prior year. Gross margin was 72.54%, increased by 3.9%. The net profit attributable to shareholders was CNY 1.31 billion, rising 41.71% compared to 2017. EPS was CNY 1.15 per share, increased 38.55% over the prior year. Moreover, Tianqi Lithium achieved strong growth in sales revenue from both lithium compounds and derivatives and lithium concentrates, representing an increase of 44.40% and 23.32% respectively over the prior year, driven by higher sales volumes and pricing in both segments.
About Tianqi Lithium
Listed on the Shenzhen Stock Exchange (stock code: SZ.002466), Tianqi Lithium is a leading new energy materials company in China and globally, with lithium at its core. The company's major businesses include lithium compounds and derivatives manufacturing, and lithium resource development and exploitation. The company has well established presences in China, Australia and South America, allowing the company to service customers across Europe, Asia, and Oceania.