登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002466 证券简称：天齐锂业 公告编号：2026-001 天齐锂业股份有限公司 关于全资子公司提起诉讼及参股公司重大合同的进展公告 3、涉案的金额：天齐智利提起的诉讼申请暂未提及具体金额。 4、对上市公司损益产生的影响：截至目前，公司针对参股公司Sociedad Química y Minera de Chile S.A. （智利化工矿业公司，以下简称"SQM"）长期股权投资的减值测试均基于SQM披露的Partnership Agreement（以下简称"《合伙协议》"）内容及相关信息，本次上诉被驳回不改变前述减值测试相关假 设，因此预计该诉讼判决暂不会对当期利润产生重大影响。 公司提请广大投资者持续关注公司后续公告，谨慎投资，注意投资风险。 一、本次诉讼的基本情况 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 特别提示： 1、案件所处的诉讼阶段：天齐锂业股份有限公司（以下简称"公司"）全资子公司Inversiones TLC SpA （以下简称"天齐智利"）于智利当地时间2026年1月27日收 ...

证券日报网讯 1月27日，西藏矿业（000762）在互动平台回答投资者提问时表示，中试研发基地旨在保 护生态环境的基础上，提高盐湖资源（包括锂、钾、铷、铯等稀有元素）的综合利用效率。 ...

Group 1 - The core point of the article is the partnership agreement signed between Sociedad Química y Minera de Chile S.A. (SQM) and Corporación Nacional del Cobre de Chile (Codelco) to develop lithium and potassium resources in the Atacama salt flat, which involves the merger of Codelco's subsidiary Minera Tarar into SQM's subsidiary Salar S.A. [2] - The agreement establishes the rights and obligations of both parties and aims to enhance the production and subsequent sales of lithium and other products [2]. - The Chilean Financial Market Commission (CMF) ruled that the partnership agreement should be analyzed and decided by SQM's board rather than a special shareholders' meeting, rejecting a request for an injunction from Tianqi Lithium's subsidiary [3][4]. Group 2 - Tianqi Lithium's subsidiary filed an administrative review against the CMF's decision, which was later rejected, leading to a lawsuit filed in Chilean court [5][6]. - On December 27, 2025, SQM announced the completion of its strategic cooperation with Codelco, with the joint venture named Nova Andino Litio SpA, although it remains subject to a condition pending a ruling from the Chilean Supreme Court regarding Tianqi Lithium's appeal [7]. - The partnership agreement is expected to impact the investment returns and dividend amounts that the company holds in SQM, with ongoing assessments of its financial implications [8].

Core Viewpoint - Tianqi Lithium's significant investment in SQM is influenced by the strategic partnership between SQM and Codelco, which has progressed but remains subject to legal challenges [1][2]. Group 1: Strategic Partnership Developments - SQM and Codelco have completed key advancements in their strategic partnership, with the joint venture named Nova Andino Litio SpA, although it is still bound by conditions from the Chilean Supreme Court [1]. - The partnership agreement signed on May 31, 2024, allows for the integration of Codelco's subsidiary into SQM, extending SQM's lithium extraction rights in the Atacama salt flat from 2030 to 2060, with plans to increase production by 300,000 tons of lithium carbonate equivalent (LCE) between 2025 and 2030 [1]. Group 2: Financial Implications - The strategic partnership's A and B class shares will take effect from January 1, 2025, impacting dividend distribution and core economic rights [2]. - The completion of the transaction will affect Tianqi Lithium's investment returns and dividends from its long-term equity stake in SQM, although the specific financial impact cannot be estimated until SQM's 2025 consolidated financial statements are available [2]. Group 3: Legal and Governance Concerns - Tianqi Lithium's subsidiary has raised objections to the partnership, leading to a series of legal proceedings, including an appeal to the Chilean Supreme Court after lower courts dismissed its claims [1]. - The partnership may lead to uncertainties regarding Tianqi Lithium's governance rights and the potential dilution of its influence over SQM, particularly after 2031 when SQM may lose control over its core lithium business [3].

Core Viewpoint - Tianqi Lithium Industries has filed an appeal to the Chilean Supreme Court regarding a lawsuit stemming from a partnership agreement between its investee SQM and Codelco, which may impact its investment returns and shareholder rights in SQM in the long term [1][2][3] Group 1: Legal Proceedings - Tianqi Lithium's subsidiary, Inversiones TLC SpA, has appealed to the Chilean Supreme Court against a ruling from the Santiago Court of Appeals, which is not expected to significantly impact the company's current or future profits [1] - The lawsuit originated from a partnership agreement between SQM and Codelco concerning the operation and development of the Salar de Atacama from 2025 to 2060 [1][2] - Tianqi Lithium believes that the partnership agreement requires approval from a special shareholders' meeting of SQM, leading to a series of legal actions including an administrative review and subsequent lawsuit [2] Group 2: Financial Implications - The partnership agreement allows Codelco to hold a majority stake in the joint venture, which may result in SQM losing control over its core lithium business in the Salar de Atacama starting in 2031 [3] - The agreement also proposes an extension of lithium mining rights from 2030 to 2060 and an increase in production quotas from 2025 to 2030, but the shift in control could affect Tianqi Lithium's investment returns and dividends from SQM [3] - Tianqi Lithium will continue to monitor developments related to SQM and assess financial impacts dynamically, ensuring timely information disclosure [3]

Core Viewpoint - Cangge Mining emphasizes the importance of balancing long-term ESG goals with immediate business objectives, aiming for a comprehensive development across economic, environmental, social, and governance dimensions [1][2] Group 1: ESG Strategy - Cangge Mining has elevated ESG to a strategic level within the board since 2022, focusing on finding a resonance model between long-term sustainability and operational goals [1] - The company believes that while ESG is important, it should not compromise financial performance, as excessive ESG investments could harm the interests of stakeholders [1] Group 2: Competitive Advantage - Cangge Mining has established a differentiated advantage through resource utilization, technological innovation, and a diversified product line, achieving lithium carbonate production with a purity of over 99.6% since 2019 [1] - The strategic layout of potassium, lithium, and copper product lines enhances the company's ability to withstand cyclical fluctuations, as these products belong to different sectors with varying industry cycles [2] Group 3: Supply Chain ESG Management - In 2024, Cangge Mining will release its first "Supplier ESG Management Manual," integrating ESG factors into the supplier selection process [2] - The company is a key initiator of the Supply Chain ESG Management Initiative (SCSI), aimed at improving transparency and efficiency in supply chain audits [2] - Cangge Mining advocates that sustainable development is about finding a balance rather than making binary choices, focusing on both long-term and immediate goals [2]

Core Viewpoint - Cangge Mining emphasizes the importance of balancing ESG (Environmental, Social, and Governance) goals with business objectives, aiming for a sustainable development model that benefits all stakeholders [1][2] Group 1: ESG Strategy and Implementation - Cangge Mining has elevated ESG to a strategic level within its board since 2022, focusing on finding a resonance between long-term ESG goals and operational objectives [1] - The company views ESG as one of several factors in decision-making, asserting that excessive ESG investments that negatively impact financial performance could harm stakeholders' interests [1] - Cangge Mining has established a differentiated advantage through resource utilization, technological innovation, and a diversified product line, achieving lithium carbonate production with a purity of over 99.6% since 2019 [1] Group 2: Supply Chain ESG Management - In 2024, Cangge Mining will release its first "Supplier ESG Management Manual," integrating ESG factors into the supplier selection process [2] - The company co-initiated the Supply Chain ESG Management Initiative (SCSI) with leading industry firms to enhance transparency and efficiency in supply chain audits [2] - Cangge Mining believes that sustainable development is about finding a balance between long-term goals and immediate needs, focusing on both environmental benefits and business quality [2]

Core Viewpoint - Dongwu Securities report indicates that Cangge Mining's net profit attributable to shareholders for Q1-Q3 2025 reached 2.75 billion yuan, representing a year-on-year increase of 47.3% [1] Financial Performance - In Q3 2025, the net profit attributable to shareholders was 950 million yuan, showing a quarter-on-quarter increase of 66.5% but a decrease of 9.7% year-on-year [1] Lithium Business Outlook - Cangge Lithium officially resumed production, with the annual production and sales plan adjusted down by 2,490 tons, indicating strong support at the bottom for lithium prices [1] - The supply-demand landscape is expected to improve significantly next year, with the lithium business continuing to contribute to profit growth [1] Project Developments - The second phase of the Julong expansion project is set to commence production by the end of 2025, with annual copper production expected to reach 300,000 to 350,000 tons, and the company's equity output projected at 92,000 to 108,000 tons per year [1] Price Trends and Profit Forecast - With lithium prices rebounding from the bottom and copper prices remaining stable, the company's net profit forecasts for 2025-2027 have been raised to 3.82 billion, 5.73 billion, and 8.64 billion yuan respectively, reflecting year-on-year growth of 48%, 50%, and 51% [1] - The corresponding price-to-earnings ratios are projected at 22x, 15x, and 10x [1] Competitive Advantages - The company has a significant cost advantage in lithium carbonate, with simultaneous expansion in potassium, lithium, and copper production [1] - The "buy" rating is maintained for the company [1]

Group 1 - The company possesses significant resources including highland copper, salt lake lithium, and overseas potassium, with the second phase of copper mine entering the countdown to production [1] - Institutions expect a net profit CAGR exceeding 40% from 2025 to 2027, indicating a favorable outlook for valuation to experience a "Davis Double" [1] Group 2 - The market size is expected to exceed 10 billion in 2026, driven by domestic cost reduction and significant increases in penetration rates [1] - Three domestic suppliers are poised to seize opportunities through capacity and localization [1]

Core Viewpoint - The Ministry of Industry and Information Technology, along with six other departments, has issued a plan titled "Work Plan for Stable Growth in the Petrochemical Industry (2025-2026)" aimed at guiding the development of major petrochemical and modern coal chemical projects while controlling new refining capacity and preventing overcapacity risks in the coal-to-methanol sector [1] Group 1: Project Planning and Capacity Control - The plan emphasizes the need to strengthen the planning and layout of major petrochemical and modern coal chemical projects [1] - It mandates strict control over new refining capacity and rational determination of new capacity scales and deployment rhythms for ethylene and paraxylene [1] - The petrochemical sector is required to strictly implement capacity reduction and replacement requirements for new refining projects [1] Group 2: Support for Upgrades and Innovations - The plan focuses on supporting the renovation of old petrochemical facilities, the industrialization demonstration of new technologies, and projects that increase chemical production while reducing oil output [1] - In the modern coal chemical sector, the plan encourages the development of coal-to-oil and coal-to-chemical projects in areas with abundant coal and water resources [1] Group 3: Integration with New Technologies - The plan promotes the coupling of coal chemical processes with new energy, advanced materials, technical equipment, and industrial operating systems for demonstration applications [1] - It also includes initiatives for carbon dioxide capture, utilization, and storage engineering demonstrations [1] - The acceleration of projects for helium extraction from natural gas and potassium extraction from seawater is highlighted [1]