天齐锂业(002466) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 was approximately ¥2.58 billion, a slight decrease of 0.02% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥104.27 million, a significant increase of 102.68% from a net loss of ¥3.90 billion in the previous year[5]. - Basic and diluted earnings per share improved to ¥0.06, compared to a loss of ¥2.38 per share in the same quarter last year, reflecting a 102.52% increase[5]. - The total operating revenue for the current period was approximately 2.58 billion RMB, slightly down from 2.58 billion RMB in the previous period[26]. - Net profit for the current period is approximately ¥782.46 million, a significant recovery from a net loss of ¥830.56 million in the previous period[27]. - The company reported an operating profit of approximately ¥1.10 billion, compared to an operating loss of ¥514.35 million in the previous period[27]. - The total comprehensive income for the current period is approximately ¥584.88 million, a recovery from a loss of ¥1.31 billion in the previous period[28]. Cash Flow and Assets - The net cash flow from operating activities decreased by 69.73% to ¥951.68 million, primarily due to a decline in cash received from sales[5]. - Cash flow from operating activities for the current period is approximately ¥951.68 million, down from ¥3.14 billion in the previous period[30]. - Cash flow from investing activities shows a net outflow of approximately ¥1.17 billion, an improvement from a net outflow of ¥2.09 billion in the previous period[30]. - Cash flow from financing activities generated a net inflow of approximately ¥2.62 billion, compared to a net outflow of ¥1.04 billion in the previous period[30]. - The company's cash and cash equivalents increased to approximately 8.20 billion RMB from 5.77 billion RMB at the beginning of the period[22]. - The ending cash and cash equivalents balance is approximately ¥8.05 billion, down from ¥9.11 billion in the previous period[30]. - Total assets increased by 4.74% to approximately ¥71.93 billion compared to the end of the previous year[5]. - The company's total liabilities as of March 31, 2025, were approximately 22.53 billion RMB, up from 19.50 billion RMB at the beginning of the period[24]. - The company's total current assets increased to approximately 15.00 billion RMB from 12.85 billion RMB at the beginning of the period[22]. - The company's total non-current assets were approximately 56.93 billion RMB, compared to 55.83 billion RMB at the beginning of the period[24]. - The company's retained earnings as of March 31, 2025, were approximately 15.44 billion RMB, compared to 15.29 billion RMB at the beginning of the period[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 288,280[13]. - Chengdu Tianqi Industrial (Group) Co., Ltd. holds 25.37% of shares, totaling 416,316,432 shares[14]. - HKSCC NOMINEES LIMITED holds 10.00% of shares, totaling 164,110,645 shares[14]. - The company has approved a restricted stock incentive plan involving 467,966 shares, accounting for 0.0285% of the total share capital[16]. - The first batch of restricted stock granted is 459,766 shares, approximately 98.2% of the total[17]. - The first batch of restricted stock is priced at RMB 16.71 per share[17]. - The company has 0 preferred shareholders at the end of the reporting period[15]. - The company has not identified any related party relationships among the top shareholders[14]. Project and Investment Updates - The company has decided to terminate the investment in the second phase of the 24,000 tons/year battery-grade lithium hydroxide project due to unfavorable market conditions and economic feasibility analysis[20]. - Cumulative investment in the second phase of the lithium hydroxide project reached approximately $207 million (about 1.484 billion RMB) as of December 31, 2024[19]. - The total estimated investment for the second phase project was approximately 328 million AUD (about 1.709 billion RMB) with a construction period of 26 months[19]. Market and Operational Insights - The pricing mechanism for lithium concentrate has been updated to align more closely with market prices, reducing the previous mismatch in pricing cycles[10]. - The production and sales volume of lithium compounds and derivatives increased year-on-year, contributing to the improved profitability[9]. - The company anticipates continued growth in performance, supported by favorable market conditions and operational improvements[9]. Miscellaneous - The first quarter report of Tianqi Lithium Industries, Inc. is unaudited[31]. - The new accounting standards will be implemented starting in 2025[31]. - The financial statement items related to the first year of implementation will be adjusted accordingly[31]. - The board of directors announced the report on April 30, 2025[31].