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: | | 2025年12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: | | 2026年1月5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 (如上市) | 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 ...

Market Overview - The Shanghai Composite Index rose by 1.38% on January 5, with 26 out of 28 sectors experiencing gains, led by Media and Pharmaceutical sectors, which increased by 4.12% and 3.85% respectively [1] - The Nonferrous Metals sector also saw a rise of 2.62% [1] - Conversely, the Oil & Petrochemical and Banking sectors faced declines of 1.29% and 0.34% respectively [1] Capital Flow Analysis - The net inflow of capital in the two markets reached 8.334 billion yuan, with 15 sectors experiencing net inflows [1] - The Electronics sector had the highest net inflow, totaling 9.481 billion yuan, with a daily increase of 3.69% [1] - The Pharmaceutical sector followed with a net inflow of 4.379 billion yuan and a daily increase of 3.85% [1] - In contrast, 16 sectors experienced net outflows, with the Machinery Equipment sector leading at a net outflow of 3.694 billion yuan [1] - The Defense and Military sector also saw significant outflows, totaling 3.411 billion yuan [1] Nonferrous Metals Sector Performance - The Nonferrous Metals sector experienced a net inflow of 3.057 billion yuan, with 114 out of 138 stocks rising [2] - Notably, Zijin Mining saw the highest net inflow of 902 million yuan, followed by Tianqi Lithium and Hunan Silver with inflows of 403 million yuan and 397 million yuan respectively [2] - Among the stocks with net outflows, Tongling Nonferrous Metals, Jiangxi Copper, and Chuangjiang New Materials had the largest outflows of 485 million yuan, 356 million yuan, and 198 million yuan respectively [3] Nonferrous Metals Sector Inflow and Outflow Rankings - **Inflow Rankings**: - Zijin Mining: +2.70%, 1.51% turnover, 901.69 million yuan inflow - Tianqi Lithium: +2.93%, 4.22% turnover, 402.82 million yuan inflow - Hunan Silver: +9.97%, 16.12% turnover, 396.54 million yuan inflow [2] - **Outflow Rankings**: - Tongling Nonferrous Metals: -3.16%, 6.69% turnover, -485.40 million yuan outflow - Jiangxi Copper: -1.13%, 4.91% turnover, -355.96 million yuan outflow - Chuangjiang New Materials: -1.36%, 7.60% turnover, -198.27 million yuan outflow [3]

呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 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 (如上市) | 09696 | 說明 | | | | | | | | | | | 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 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 164,122,200 | RMB | | | 1 RMB | | 164,122,200 | 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: 2025年12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 | 2. 股份分類 | 普通股 ...

Core Viewpoint - The energy metals sector experienced a significant increase of 2.74% on January 5, with Cangge Mining leading the gains, reflecting a positive trend in the market for energy-related materials [1]. Market Performance - The Shanghai Composite Index closed at 4023.42, up by 1.38% - The Shenzhen Component Index closed at 13828.63, up by 2.24% [1]. Individual Stock Performance - Cangge Mining (000408) closed at 89.99, with a rise of 6.62% and a trading volume of 203,600 shares, amounting to a transaction value of 1.802 billion yuan - Shengxin Lithium Energy (002240) closed at 36.60, up by 6.30%, with a trading volume of 791,700 shares and a transaction value of 2.813 billion yuan - Rongjie Co., Ltd. (002192) closed at 54.46, increasing by 5.24%, with a trading volume of 220,000 shares and a transaction value of 1.178 billion yuan - Xizang Mining (000762) closed at 27.38, up by 4.23%, with a trading volume of 130,970 shares and a transaction value of 838 million yuan [1]. Capital Flow Analysis - The energy metals sector saw a net inflow of 896 million yuan from main funds, while retail funds experienced a net outflow of 799 million yuan [2]. - The main funds' net inflow and outflow for key stocks include: - Tianqi Lithium (002466) with a net inflow of 396 million yuan, accounting for 11.31% - Shengxin Lithium Energy (002240) with a net inflow of 324 million yuan, accounting for 11.53% - Ganfeng Lithium (002460) with a net inflow of 293 million yuan, accounting for 7.65% [3].

以下文章来源于因歪斯汀小明 ，作者因特瑞斯汀 小明 因歪斯汀小明 . 保护我方金融消费者！ ↑点击上面图片 加雪球核心交流群 ↑ 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 澳洲矿区 此前锂下行周期澳矿都在拼命降本增效 ， 包括开采高品位区域 、 改造设备提高回收率 、 缩减资本开支等方式 。 除三家关停矿山外 ， 财务压 力山大的MRL被迫出售了其30%的锂业务给韩国浦项制铁 。 澳矿在2026年新增产能为Greenbushes早在2018年规划的三期项目 （ 6.5万吨 ） ， 市场更关注的边际变化可能是 —— 关停矿山在锂上行周 期复产 。 但 ， 锂矿价格预期稳定在复产决策线上方只是必要条件之一 ， 实际可复产量＜关停量 。 澳矿复产必选题是Pilbara的高成本Ngungaju项目 （ 1.7万吨 ） ， 若作出决策 ， PLS能够给出澳洲最快的复产准备时间 ， 约为4个月 。 关停 三家各有各的问题 ： Bald Hill此前经历过非常痛苦的23年复产24年再停产过程 ， 复产决策取决于MRL的运营压力 ； Finniss重启需要进行融 资 ， 这延长了复 ...

Core Viewpoint - Tianqi Lithium Industries has shown a positive stock performance with a 2.02% increase on January 5, 2025, and a total market capitalization of 92.73 billion yuan [1] Group 1: Stock Performance - As of January 5, 2025, Tianqi Lithium's stock price reached 56.50 yuan per share, with a trading volume of 1.59 billion yuan and a turnover rate of 1.94% [1] - Year-to-date, the stock price has increased by 2.02%, with a 1.75% rise over the last five trading days, 9.94% over the last 20 days, and 10.07% over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Tianqi Lithium reported a revenue of 7.397 billion yuan, a year-on-year decrease of 26.50%, while the net profit attributable to shareholders was 180 million yuan, reflecting a year-on-year increase of 103.16% [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased to 310,100, up by 14.52%, while the average number of circulating shares per person decreased by 12.68% to 4,759 shares [2] - The company has distributed a total of 7.868 billion yuan in dividends since its A-share listing, with 7.137 billion yuan distributed over the last three years [3] Group 4: Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder with 68.16 million shares, an increase of 3.34 million shares from the previous period [3] - China Securities Finance Corporation held 27.85 million shares, unchanged from the previous period, while several ETFs saw a decrease in holdings [3]

Core Viewpoint - The lithium industry is currently experiencing a downturn due to oversupply, leading to a significant drop in lithium prices, but a potential recovery is anticipated by 2025 driven by strong demand in energy storage and electric vehicles [1][6][12] Industry Status: Low Point with Signs of Recovery - The lithium industry is in a "winter period" from 2023 to mid-2025, with an overall operating rate around 50% and many high-cost projects either ceasing operations or enduring losses [1] - Lithium prices have dropped over 89% during this downturn, with some projects facing existential threats [1] - As of November 20, 2025, lithium carbonate weekly output reached 22,000 tons, a 3% month-on-month increase, indicating a recovery in supply and demand [3] - Inventory levels for lithium carbonate are at historical lows, with a total of 118,000 tons, down 2,052 tons from the previous period [3] 2025 Market Dynamics - The lithium carbonate market is expected to show a volatile pattern in 2025, with prices initially declining from 73,900 yuan/ton to 59,000 yuan/ton, a drop of 20.11%, before rebounding to a peak of 126,800 yuan/ton in the second half of the year [4] - The demand for lithium carbonate is projected to reach 1.45 million tons in 2025, driven by a 65% year-on-year increase in domestic lithium iron phosphate production [6][8] 2026 Supply and Demand Outlook - The lithium industry is expected to transition from oversupply to a balanced state due to unexpected growth in energy storage demand and the continued rollout of new electric vehicle applications [6] - Energy storage demand is projected to reach 345,000 tons of lithium carbonate in 2025, with expectations of exceeding 500,000 tons in 2026, marking a tenfold increase from 2021 [6] - The global lithium supply is estimated at 1.57 million tons LCE in 2025, with further increases expected in 2026, leading to a narrowing of the oversupply to approximately 30,000 tons [8][10] Price Support Factors - Key factors supporting lithium prices include historically low inventory levels, strong growth in demand from energy storage and electric vehicles, and a willingness among mining companies to maintain price levels [11] - The lowest lithium price in 2025 was 58,000 yuan/ton, which has already impacted high-cost projects, but with improved processing profits, production enthusiasm is expected to rise [11] - Predictions indicate that lithium prices in 2026 will range between 70,000 and 130,000 yuan/ton, with a gradual upward shift in price levels as the industry moves towards a tighter balance [11] Industry Cycle and Valuation - The lithium industry is entering a recovery phase after a prolonged downturn, with historical comparisons suggesting that recovery to profitability may take time [12] - Current valuations for lithium-related companies are at historical lows, indicating significant potential for valuation recovery as profit expectations improve [12] - Leading companies such as Ganfeng Lithium and Tianqi Lithium are expected to benefit the most from any price rebounds, with current price-to-book ratios significantly below historical averages [12]

天齐锂业12月31日大宗交易平台出现一笔成交，成交量6.00万股，成交金额304.44万元，大宗交易成交 价为50.74元，相对今日收盘价折价8.38%。该笔交易的买方营业部为华龙证券股份有限公司兰州东岗西 路证券营业部，卖方营业部为中信建投证券股份有限公司甘肃分公司。 进一步统计，近3个月内该股累计发生3笔大宗交易，合计成交金额为1295.92万元。 证券时报·数据宝统计显示，天齐锂业今日收盘价为55.38元，下跌1.77%，日换手率为3.08%，成交额为 25.40亿元，全天主力资金净流出2.48亿元，近5日该股累计下跌1.56%，近5日资金合计净流出8.43亿 元。 两融数据显示，该股最新融资余额为35.43亿元，近5日增加6233.79万元，增幅为1.79%。（数据宝） 12月31日天齐锂业大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 6.00 | 304.44 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 12月31日，天齐锂业收跌1.77%，收盘价为55.38元，发生1笔大宗交易，合计成交量6万股，成交金额 304.44万元。 第1笔成交价格为50.74元，成交6.00万股，成交金额304.44万元，溢价率为-8.38%，买方营业部为华龙 证券股份有限公司兰州东岗西路证券营业部，卖方营业部为中信建投证券股份有限公司甘肃分公司。 进一步统计，近3个月内该股累计发生3笔大宗交易，合计成交金额为1295.92万元。该股近5个交易日累 计下跌1.56%，主力资金合计净流出8.01亿元。 责任编辑：小浪快报 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交星 | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | | | | | 2025-12-31 | 002466 | 天齐锂业 | 50.74 | 6.00 | | 304.44 华龙证券股份有限 | 中信建投证券股份 | | | | | | | | 公司兰州东岗西路 | 有限公司甘肃分公 | | | | | | | | 证券营业部 | 글 | 12月31日，天齐锂业大宗交易成交6万股，成交额304.44万元，占当日总成交额的0.12%，成交价50.74元，较市场收盘价 55.38元折价8.38%。 ...