天齐锂业79亿元大额亏损后 蒋卫平反思“如何不让公司伤筋动骨”

Core Viewpoint - The lithium industry is experiencing significant cyclical fluctuations, which have severely impacted Tianqi Lithium's performance in 2024, leading to a substantial revenue decline and a notable net loss [1][3][15]. Financial Performance - Tianqi Lithium reported a revenue of 13.06 billion yuan in 2024, a year-on-year decrease of 67.8% [1][6]. - The company incurred a net loss of 79.05 billion yuan in 2024, attributed to both core business performance and non-recurring losses [5][14]. - The gross profit margins for lithium ore and lithium compounds were 63.71% and 35.21%, respectively, down by 26.73 percentage points and 38.64 percentage points compared to the previous year [5]. Operational Challenges - The cyclical downturn in the industry has affected not only the main business but also investment income and asset impairment, with total asset impairment losses reaching 2.11 billion yuan, a significant increase from the previous year [3][10]. - The company faced a substantial increase in financial expenses, which rose to 899 million yuan in 2024, a 5503.69% increase year-on-year [11]. Strategic Responses - The management is focused on stabilizing operations amidst cyclical fluctuations, with plans to enhance raw material sourcing and expand lithium salt production capacity [19]. - The company aims to strengthen its competitive advantage in the lithium industry by exploring opportunities across the supply chain and expanding its global business footprint [19][20]. Market Context - The lithium market has transitioned from a niche to a bulk commodity, with international market changes impacting company performance unexpectedly [17]. - Tianqi Lithium's stock price has seen a dramatic decline from over 130 yuan in July 2022 to 30.99 yuan as of March 27, 2024, reflecting the volatility in the industry [14].