Zheng Quan Shi Bao Wang·2025-11-12 13:48Core Viewpoint - Tianqi Lithium is actively pursuing legal measures to protect its overseas investment rights, particularly concerning its stake in SQM, following a court ruling that dismissed its lawsuit against SQM's partnership agreement with Codelco [1][2]. Group 1: Legal Developments - Tianqi Lithium's subsidiary, Tianqi Chile, received a ruling from the Santiago Appeals Court rejecting its lawsuit regarding SQM's partnership agreement with Codelco, which was signed without shareholder approval [1]. - The partnership agreement is seen as detrimental to Tianqi Chile's voting rights and shareholder interests, prompting the company to consider further legal actions, including potential appeals [1][2]. - Tianqi Lithium has been monitoring the situation closely since the signing of the memorandum of understanding between SQM and Codelco in December 2023, which could undermine the rights of minority shareholders [2]. Group 2: Financial Impact - As of now, the court ruling does not affect the company's impairment testing assumptions related to its long-term investment in SQM, indicating no immediate impact on current profits [1]. - For the first three quarters of 2025, Tianqi Lithium reported revenues of 7.397 billion yuan, a year-on-year decrease of 26.5%, and a net profit of 180 million yuan, recovering from a loss of 5.701 billion yuan in the same period last year [3].