According to the Changjiang Securities Research Report, Tianqi Lithium achieved net profit of 7.905 billion yuan in 2024, or -208.32% over the same period last year. The company's performance in 2024 was mainly dragged down by the following three points: 1. High-priced inventory. 2. SQM tax accounting processing in the first quarter of 2024 dragged down investment income. 3. At the end of the year, the Quinana Phase II project was terminated to accrue significant asset impairment. As the bottom of lithium prices stabilized and high-priced stocks continued to be digested, the company's low cost advantage gradually became prominent, and actual business performance has improved dramatically. In 2024, the company sold 740,000 tons of lithium concentrate, -12.5% year over year, output 1.41 million tons, -7.35% year over year. Inventory level at the end of 24 was 300,000 tons, a sharp drop from 410,000 tons at the end of 2023. With Anju's production capacity of 23,000 tons climbing, the company achieved a significant year-on-year increase in lithium salt production and sales in 2024: sales volume was 102,800 tons, +81.46% year over year, and output 70,700 tons, or +39.44% year over year. In 2024, lithium salt production will continue to grow sequentially from quarter to quarter. In 2025, SQM plans to increase lithium salt sales by 15% year on year, including the Holland project about 10,000 tons of LCE.

According to the Changjiang Securities Research Report, Tianqi Lithium achieved net profit of 7.905 billion yuan in 2024, or -208.32% over the same period last year. The company's performance in 2024 was mainly dragged down by the following three points: 1. High-priced inventory. 2. SQM tax accounting processing in the first quarter of 2024 dragged down investment income. 3. At the end of the year, the Quinana Phase II project was terminated to accrue significant asset impairment. As the bottom of lithium prices stabilized and high-priced stocks continued to be digested, the company's low cost advantage gradually became prominent, and actual business performance has improved dramatically. In 2024, the company sold 740,000 tons of lithium concentrate, -12.5% year over year, output 1.41 million tons, -7.35% year over year. Inventory level at the end of 24 was 300,000 tons, a sharp drop from 410,000 tons at the end of 2023. With Anju's production capacity of 23,000 tons climbing, the company achieved a significant year-on-year increase in lithium salt production and sales in 2024: sales volume was 102,800 tons, +81.46% year over year, and output 70,700 tons, or +39.44% year over year. In 2024, lithium salt production will continue to grow sequentially from quarter to quarter. In 2025, SQM plans to increase lithium salt sales by 15% year on year, including the Holland project about 10,000 tons of LCE.