· Tianqi Lithium achieved net profit of 924 million in the first half of the year

On the evening of August 17, 2017, Tianqi Lithium Industry (002466) submitted the mid-2017 brilliant performance report to investors. In 2016, the company reported that the company's operating income doubled and the net profit attributable to the parent company increased by 17 times. On the first six months of 2017, Tianqi Lithium achieved operating income of 2.415 billion yuan, up 41.57% year-on-year; net profit attributable to shareholders of the parent company was 924 million yuan, an increase of 23.73% over the same period of the previous year. The comprehensive gross profit margin of the company's products is as high as 68.65%.
It is worthy of investors' attention that Tianqi Lithium's first three quarters of 2017 forecast shows that it is expected that from January to September, the company's net profit attributable to shareholders of listed companies will be 1.41 billion yuan to 1.52 billion yuan, an increase of 17.16. From % to 26.3%, in the first three quarters of 2016, the company achieved a net profit attributable to the parent company of 1.203 billion yuan, a year-on-year increase of nearly 19 times. In the first three quarters of 2017, the company's performance continued to grow rapidly.
At the same time, it means that the single quarter growth in the third quarter may exceed 500 million yuan. Considering that the Jiangsu base will be shut down for one month in the first half of the year, the company's annual growth will be expected as the Jiangsu base gradually resumes production.

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