Tianqi Lithium's revenue exceeded that of the first half of the year140100 million, with a sharp increase in net profit attributable to the parent company119Double, launch repurchase plan ...

Benefiting from the rising volume and price of major lithium salt products, Tianqi Lithium Industry2022In the first half of the year, both revenue and net profit surged.

8month30In the evening, Tianqi Lithium Industry disclosed2022Annual semi annual report. During the reporting period, the company achieved operating income of142.96100 million yuan, year-on-year growth508.05%； Net profit attributable to the parent company103.28100 million yuan, year-on-year growth11937.16%； Deduction of non net profit92.81100 million, year-on-year growth47868.08%； Basic earnings per share6.99Yuan.

In the second quarter, the company achieved revenue90.38100 million yuan, year-on-year growth524.71%； Net profit attributable to the parent company70.00100 million yuan, year-on-year growth1997.80%； Deduction of non net profit64.47100 million, year-on-year growth3516.55%。

Meanwhile, the company plans to1.36100 million yuan to2100 million yuan repurchase of shares, with a repurchase price not exceeding150element/Stocks.

During the reporting period, the volume and price of the company's lithium salt products increased simultaneously, and the operating revenue significantly increased compared to the same period last year. The company stated that there are two main reasons:

（1）Benefiting from the improvement of global new energy vehicle prosperity, the acceleration of capacity expansion by lithium-ion battery manufacturers, and the recovery of downstream positive electrode material orders, among other positive factors, the sales volume and average sales price of the company's main lithium products increased significantly compared to the same period last year during this reporting period;

（2）Associated companiesSQM2022The annual and semi-annual performance has significantly increased year-on-year, and the investment income recognized by the company in this reporting period for the associated company is23.26The investment income recognized by the company in this reporting period for the associated company has increased significantly compared to the same period last year.

In addition, the financial report shows that the company's operating performance grew rapidly during the reporting period, benefiting from the improvement in global new energy vehicle prosperity. At the same time, the company utilizes its own funds and Hong Kong stocksIPORaise funds, actively repay bank loans, and effectively reduce the scale of liabilities. As of the date of this report, the company has repaid all CITIC Syndicate merger and acquisition loans and other financial liabilities, and the asset liability ratio has significantly decreased (as of2022year7The asset liability ratio at the end of the month has decreased to approximately28%(Unaudited), fully achieving the goal of reducing leverage.

On the same day, the company announced that it plans to use its own funds to repurchase shares through centralized bidding transactions. The type of shares to be repurchased this time is RMB ordinary shares（AShares will be used for employee stock ownership plans. The total amount of funds for this repurchase is not less than RMB13600Ten thousand yuan (including) and not exceeding RMB20000Ten thousand yuan (inclusive).

The announcement states that the price of this repurchase of shares shall not exceed RMB150element/Shares (including). The price of the shares repurchased this time does not exceed150element/Under the condition of shares (including), based on the lower limit of the total amount of funds for this repurchase, the estimated total number of shares that can be repurchased is90.666610000 shares, accounting for approximately0.06%； According to the upper limit of the total amount of funds for this repurchase, the estimated total number of shares that can be repurchased is133.333310000 shares, accounting for approximately0.08%。