Xin Hua Cai Jing·2025-10-30 05:16Core Insights - Tianqi Lithium's Q3 2025 financial report shows a revenue of 2.565 billion yuan, a year-on-year decrease of 29.66%, while net profit attributable to shareholders reached 95.4855 million yuan, a year-on-year increase of 119.26% [2] - The company reported a total revenue of 7.397 billion yuan for the first three quarters, down 26.50% year-on-year, but net profit increased to 180 million yuan, marking a turnaround from losses with a growth of 103.16% [2] - The decline in Q3 revenue is attributed to lower sales volume and average selling prices of lithium products compared to the same period last year [2] Industry Overview - The lithium industry, particularly leading companies like Tianqi Lithium and Ganfeng Lithium, faced significant performance challenges in 2024, with Tianqi Lithium experiencing its largest loss since listing [2] - Recent data indicates a recovery trend in the lithium sector's performance this year, supported by a moderate rebound in lithium product prices [2] - As of October 29, the average price of battery-grade lithium carbonate was reported at 81,900 yuan per ton, reflecting a strong market performance [3] - The recent increase in lithium carbonate prices is driven by the dual growth in the electric vehicle and energy storage markets, with a notable rise in futures prices [3] - The current market environment shows a favorable short-term supply-demand balance for lithium carbonate, although long-term uncertainties remain regarding demand and supply dynamics [3]