Financial Performance Forecast - The estimated net profit for Q1 2024 is projected to be a loss between 4.3 billion yuan and 3.6 billion yuan, compared to a profit of 487.52 million yuan in the same period last year[3]. - The estimated net profit after deducting non-recurring gains and losses is projected to be a loss between 4.4 billion yuan and 3.6 billion yuan, compared to a profit of 483.63 million yuan in the same period last year[3]. - The basic earnings per share is expected to be a loss between 2.62 yuan and 2.20 yuan per share, compared to a profit of 2.97 yuan per share in the same period last year[3]. Factors Affecting Performance - The significant decline in performance is primarily due to the sharp drop in lithium product sales prices compared to the same period last year, leading to a substantial decrease in gross profit[4]. - The company anticipates a significant decrease in investment income from its associate company SQM due to a recent court ruling affecting SQM's tax disputes, which is expected to reduce SQM's net profit by approximately 1.1 billion USD in Q1 2024[5]. - The company has not yet received SQM's Q1 2024 earnings report, and the estimates are based on Bloomberg's forecasts for SQM's earnings per share[4]. Caution and Disclosure - The performance forecast is preliminary and has not been audited, and actual financial data may differ from these estimates[6]. - The company will disclose detailed financial data in its Q1 2024 report, which will be published later[6]. - Investors are advised to pay attention to the risks associated with the preliminary nature of the earnings forecast and the potential discrepancies with SQM's actual results[6]. - All publicly disclosed information is based on announcements made in designated media and should be considered by investors for rational investment decisions[6].

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Tianqi Lithium Corporation 天齊鋰業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9696） 董事會會議通告 承董事會命 天齊鋰業股份有限公司 董事長兼執行董事 蔣衛平 香港，2024 年 4 月 17 日 於本通告日期，董事會由以下成員組成：執行董事蔣衛平先生、蔣安琪女士、夏浚誠先 生及鄒軍先生；及獨立非執行董事向川先生、唐國瓊女士、黃瑋女士及吳昌華女士。 天齊鋰業股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公 司將於 2024 年 4 月 29 日（星期一）舉行董事會會議，藉以（其中包括）考慮及 批准本公司及其附屬公司截至 2024 年 3 月 31 日止三個月之第一季度業績及其發 佈，以及處理其他事項。 ...

股票代码：002466 股票简称：天齐锂业 公告编号：2024-022 天齐锂业股份有限公司 关于 2024 年第一期短期融资券发行结果的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 2024 年 4 月 12 日，公司成功发行了 2024 年第一期短期融资券，发行结果具体如下： | | 天齐锂业股份有 限公司 2024 年度 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券名称 | | | | | 债券简称 | 天齐锂业 24 | | CP001 | | | 第一期短期融资 | | | | | | | | | | 券 | | | | | | | | | 债券代码 | 042480203 | | | | 期限 | 1 年 | | | | 起息日 | 2024 年 月 | 4 | 12 | 日 | 兑付日 | 2025 年 4 月 | 12 | 日 | | 计划发行总额（人民币 | 30,000.00 | | | | 实际发行总额(人民 | 30,00 ...

股票代码：002466 股票简称：天齐锂业 公告编号：2024-021 天齐锂业股份有限公司 二〇二四年四月十三日 1 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 天齐锂业股份有限公司（以下简称"公司"）董事会于 2024 年 4 月 12 日收到公司执行 副总裁刘莹女士的书面辞职报告。刘莹女士因个人原因申请辞去公司执行副总裁职务，辞 职后不再担任公司、公司控股子公司及参股公司任何职务。根据《公司法》《公司章程》等 相关规定，刘莹女士的辞职不会影响公司正常运行，其辞职报告自送达公司董事会之日起 生效。截至 2024 年 4 月 11 日，刘莹女士不存在应当履行而未履行的股份锁定承诺事项， 未直接持有公司股票，通过认购公司员工持股计划份额间接持有公司股票 14,300 股。 刘莹女士在公司任职期间内，在公司战略整合、人才发展方面发挥了重要作用，公司 及董事会对刘莹女士为公司发展所做出的努力和贡献表示衷心感谢！ 特此公告。 天齐锂业股份有限公司董事会 关于公司执行副总裁辞职的公告 ...

本报告仅供 Choice 东方财富 使用，请勿传阅。 公司快报 2024 年 04 月 08 日 天 齐锂业(002466.SZ) 证券研究报告 业绩短期错配承压，新增项目稳步推进 锂 投资评级 买入-A 公司发布 2023 年度报告 维持评级 2023 年天齐锂业实现营业收入 405.03 亿元，同比增加 0.13%。2023 6个月目标价 64.3元 年全年实现归母净利润 72.97 亿元，同比减少 69.75%；扣非归母净 股价 (2024-04-03) 51.01元 利润 71.77 亿元，同比减少68.88%。其中2023 年Q4营业收入 71.04 亿元，同比减少 55.04%、环比减少 17.16%；归母净利润-8.01亿元， 交易数据 同环比均转亏；扣非归母净利润-8.06亿元，同环比均转亏。 总市值(百万元) 83,718.71 流通市值(百万元) 75,305.40 锂盐锂矿产量平稳增长，锂价下跌影响业绩表现 总股本(百万股) 1,641.22 ✔锂盐：1）产销：锂盐产量5.07 万吨，同比+7.30%；锂盐销量 5.67 流通股本(百万股) 1,476.29 万吨，同比-2.48%。2） ...

证券研究报告 ＃＃iinndduussttrryyIIdd＃＃ 锂 ＃investSuggestion＃ ＃ ＃d天yCo齐mpa锂ny＃业 （ 002466 ） investSug 增持 ( 维ges持tionC）h 002466 ＃title＃ 锂价下滑叠加投资收益减少，公司业绩承压 ange＃ ＃createTime1＃ 2024 年04 月07 日 投资要点 ＃市场ma数rk据etData＃ ＃summary＃  业绩概要：公司发布2023年年度报告，2023年公司实现营业收入405.03亿 市场数据日期 2024-04-03 元，同比增长0.13%；实现归母净利润72.97亿元，同比下降69.75%；实现 收盘价（元） 51.01 扣非后归母净利润为71.77亿元，同比下降68.88%。公司拟向全体股东每10 总股本（百万股） 1641.22 股派发现金红利13.5元（含税）。 流通股本（百万股） 1476.29 净资产（百万元） 51519.66  锂价下滑叠加投资收益减少，2023年公司盈利回落。2023年公司实现归母 总资产（百万元） 73228.46 净利润72.97亿元，同比下降69. ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2024年3月31日 | | | | | 狀態: 新提交 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | | | | 公司名稱: | 天齊鋰業股份有限公司 | | | | | | | | | 呈交日期: | 2024年4月3日 | | | | | | | | | I. 法定/註冊股本變動 | 不適用 | | | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | 是 | | + | | 證券代號 | 09696 | 說明 | | | | | | | | 增加多櫃檯證券代號 | | | | | | | | | | 手動填寫 | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 164,122,200 RMB | | 1 RMB | | | 164,122,200 | ...

Investment Rating - The report maintains a "Buy" rating for Tianqi Lithium Industries, with a target price of 50.20 CNY per share [4][15]. Core Insights - The company reported a revenue of 40.5 billion CNY in 2023, a slight increase of 0.13% year-on-year, but a significant decline in net profit by 69.8% to 7.3 billion CNY [3]. - The fourth quarter of 2023 saw a revenue drop of 17.2% quarter-on-quarter, with a net loss of 800 million CNY, marking a 148.7% decline from the previous quarter [3]. - The pricing mechanism for lithium concentrate has shifted from Q-1 to M-1, which is expected to enhance profitability starting January 1, 2024 [3]. Financial Performance Summary - In 2023, the company produced 1.523 million tons of lithium concentrate, a year-on-year increase of 12.9%, while sales volume reached 845,000 tons, up 11.3% [3]. - The average selling price of lithium concentrate in 2023 was 4,586 USD per ton, reflecting a 58% increase year-on-year, while the average price of lithium carbonate and lithium hydroxide decreased by 46.7% and 42.8%, respectively [3]. - The company’s total assets amounted to 73.228 billion CNY in 2023, with a debt ratio of 25.94% [5][10]. Earnings Forecast - The forecast for net profit is adjusted to 3.295 billion CNY for 2024, down from previous estimates due to declining lithium prices, with projections of 3.920 billion CNY for 2025 and 5.148 billion CNY for 2026 [3][10]. - The expected earnings per share (EPS) for 2024 is 2.01 CNY, with a projected increase to 2.39 CNY in 2025 and 3.14 CNY in 2026 [3][10].

%% research.95579.com %% 丨证券研究报告丨 公司研究丨点评报告丨天齐锂业（ ） 002466.SZ [资Ta源b型le_锂T龙itle头] ，周期底部再出发 ——天齐锂业 年年报点评 2023 报告要点 [公Ta司bl发e_布Su2m0m23ar年y]年报，实现营业收入405.03亿元，同比+0.13%；实现归母净利72.97亿元， 同比-69.75%，实现扣非归母净利71.77亿元，同比-68.88%。2023Q4公司实现营业收入71.04 亿元，环比-17%；实现归母净利-8.01亿元，扣非归母净利-8.06亿元，环比均转亏。 ...

Investment Rating - The report maintains a "Buy" rating for Tianqi Lithium Industries, Inc. (002466.SZ) [2][3] Core Views - The company's performance in 2023 was negatively impacted by falling lithium prices and increased minority shareholder losses, with a significant decline in net profit [1][2] - Despite the challenges, there are long-term expansion plans in the resource sector, with projected increases in lithium chemical production capacity [2][3] Financial Performance - In 2023, the company achieved operating revenue of CNY 40.503 billion, a slight increase of 0.13% year-on-year, while net profit attributable to shareholders was CNY 7.297 billion, down 69.75% year-on-year [1][3] - The fourth quarter of 2023 saw a net loss of CNY 800 million [1] - The company plans to increase its lithium compound production capacity to 143,800 tons per year through new projects [2][3] Market Conditions - The report highlights a downward adjustment in lithium production guidance from Greenbushes, indicating potential industry consolidation [1][2] - Global demand for lithium carbonate is projected at 1.259 million tons, with supply at 1.401 million tons, suggesting a potential price floor around CNY 75,600 per ton [1] Earnings Forecast - Due to recent declines in lithium prices, earnings per share (EPS) forecasts for 2024 and 2025 have been reduced to CNY 1.84 and CNY 2.64, respectively, with a new forecast for 2026 at CNY 3.44 [2][3] - The price-to-earnings (P/E) ratios for 2024-2026 are projected at 26X, 18X, and 14X [2][3] Production Capacity - As of the 2023 report, the company's lithium chemical production capacity reached 88,800 tons, with plans for further expansion [2][3] - The resource end, specifically the Talison lithium concentrate, is expected to reach a production capacity of 2.14 million tons per year after the commissioning of a new processing plant [2]