TLC(SZ:002466) 新浪财经·2025-03-28 01:06Core Viewpoint - Tianqi Lithium Industries reported a significant decline in revenue and a net loss for 2024, marking a challenging year for the company under the new leadership of Jiang Anqi, who took over as chairperson in April 2024 [1][10]. Financial Performance - The company’s revenue for 2024 was 13.063 billion yuan, a decrease of 67.75% year-on-year [1]. - The net loss attributable to shareholders was 7.905 billion yuan, a stark contrast to a profit of 7.297 billion yuan in 2023 [5]. - The majority of the losses occurred in the first half of 2024, with losses exceeding 5 billion yuan during that period [5]. Market Context - The losses were attributed to a global downturn in lithium prices, which saw a significant drop due to decreased demand and increased inventory [6][8]. - Lithium carbonate prices experienced fluctuations, rebounding to around 110,000 yuan per ton in early 2024 before entering a downward trend [8]. Resource and Production Capacity - Despite the price decline, the company maintains a strong resource advantage with five lithium chemical product production bases in China and Australia, totaling a combined capacity of 91,600 tons per year [9]. - Ongoing projects include a 30,000-ton lithium hydroxide project in Jiangsu and a 1,000-ton lithium metal project in Chongqing [9]. Leadership Transition - Jiang Anqi's leadership was supported by her father, Jiang Weiping, who emphasized the importance of her experience and understanding of the company’s culture and governance [10]. - Jiang Weiping expressed confidence in the transition, citing the challenges faced by the company and the broader industry as significant factors [10]. Strategic Directions - Jiang Anqi outlined strategies to mitigate industry cyclicality, including securing stable lithium ore sources and expanding basic lithium salt production capacity [11]. - The company aims to enhance its global business presence and strengthen its competitive edge in the lithium industry [11]. Future Plans - Tianqi Lithium plans to maintain an open and cooperative approach to explore high-quality lithium resource projects globally [17].