Summary by Futu AI
Tianqi Lithium Corporation (stock code: 9696) released its third quarter report for 2024, showing unaudited financial data for the period from July 1 to September 30, 2024. During the reporting period, the company's revenue decreased by 57.48% compared to the same period last year, net profit decreased by 130.11%, and basic earnings per share were -0.30 yuan. The company stated that the average selling price and gross profit of its main lithium products declined significantly, and the expected performance decline of the affiliate company SQM were the main reasons for the decrease in net profit. In addition, the company completed the profit distribution for the year 2023 and paid cash dividends to A-shares and H-shares in June and July 2024. The company also conducted a series of...Show More