share_log

研报掘金丨长江证券:天齐锂业高价库存影响将逐季减少 盈利拐点可期

Research Report Nuggets丨Changjiang Securities: The impact of Tianqi Lithium's high-price inventory will reduce quarterly, and profit inflection points can be expected

Gelonghui Finance ·  May 21 15:42
Gelonghui, May 21 | Changjiang Securities Research Report pointed out that Tianqi Lithium (002466.SZ) experienced high inventory costs due to a decline in the average price of lithium salt and a relative lag in lithium concentrate price adjustments last year, and the gross profit of the 2024Q1 lithium sector declined: affected by declining market prices, the average sales price of the company's lithium compounds fell 40.53% month-on-month; affected by SQM tax accounting processing, Q1 investment income fell sharply month-on-month. Along with the gradual digestion of the company's lithium concentrate inventory, the impact of the company's high-price inventory will decrease quarterly. At the same time, the M-1 price adjustment mechanism has caused the company's 2024Q1 lithium concentrate purchase price to drop rapidly, and the company's profit inflection point can be expected.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment