TLC(SZ:002466) 3 6 Ke·2025-09-19 02:21Core Viewpoint - The lithium mining industry is experiencing a renewed upturn, with major players like Tianqi Lithium showing significant recovery in performance after a challenging period [1] Financial Performance - Tianqi Lithium reported a revenue of 4.83 billion yuan in the first half of the year, a decrease of 24.71% year-on-year, but achieved a net profit of 84.41 million yuan, marking a 101.62% increase compared to the previous year [2][3] - The company's net profit turnaround is notable given the previous year's loss of 7.9 billion yuan, indicating a substantial recovery [2][3][11] - The weighted average return on equity improved to 0.20%, up 10.85 percentage points from -10.65% in the previous year [3] Market Reaction - Following the positive financial results, Tianqi Lithium's market capitalization surpassed 70 billion yuan, with a year-to-date increase of over 30% [4] Strategic Acquisitions - The significant recovery in Tianqi Lithium's performance is closely linked to previous acquisitions, particularly the investment in SQM, which contributed 235 million yuan in investment income in the first half of the year [5][11] - The company has successfully positioned itself as a global lithium giant through two major acquisitions, enhancing its resource and processing capabilities [5][10] Future Prospects - Tianqi Lithium is actively expanding into the solid-state battery upstream materials sector, indicating a strategic shift towards emerging technologies [13] - The company has made investments and engaged in research to participate in the solid-state battery industry, although challenges remain in terms of technology and cost [14]