Zheng Quan Ri Bao·2026-01-29 23:08Core Viewpoint - Tianqi Lithium Industries, Inc. is expected to report a positive net profit for the year 2025, indicating a turnaround from previous losses [2]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [1]. - The company anticipates a positive net profit, indicating a turnaround from previous losses [2]. Group 2: Communication with Auditors - The financial data related to the performance forecast has not yet been audited by the accounting firm [2]. - There are no significant disagreements between the company and the auditors regarding the performance forecast as of the announcement date [2]. Group 3: Reasons for Performance Changes - Despite fluctuations in the lithium product market leading to a decrease in sales prices compared to the previous year, the company benefits from a shortened pricing cycle for lithium ore from its subsidiary Windfield Holdings Pty Ltd [3]. - The pricing mechanism for chemical-grade lithium concentrate from its wholly-owned subsidiary Talison Lithium Pty Ltd has aligned more closely with the sales pricing mechanism for lithium chemical products, reducing previous discrepancies [3]. - The company expects significant growth in investment income from its joint venture, Sociedad Química y Minera de Chile S.A. (SQM), based on Bloomberg's forecast for SQM's earnings per share for Q4 2025 [3]. - The Australian dollar has strengthened against the US dollar, resulting in increased foreign exchange gains compared to 2024 [4]. - The company plans to conduct impairment tests on assets showing signs of impairment as of the balance sheet date, with preliminary estimates indicating a decrease in impairment losses compared to 2024 [4].