Tengyuan Cobalt's net profit is expected to grow by over 80% in 2024 and plans to invest nearly 1 billion yuan in a smelting plant under construction in the Democratic Republic of the Congo | Interpretations

①Benefiting from capacity release and rising Copper prices, the company's net profit is expected to grow by over 80% in 2024; ②Plans to invest nearly one billion yuan to build a Copper-Cobalt smelting plant project in the Democratic Republic of the Congo.

cls.cnApr 20 08:05 ET

Nanjing Hanrui Cobalt: Last year's net profit increased by over 40% year-on-year; the 0.02 million tons high ice nickel project has been delayed by 10 months | Interpretations

① Benefiting from the simultaneous increase in the volume and price of Copper products, the company's net profit is expected to grow by 45.85% year-on-year in 2024; ② The production start date for the 0.02 million tons of high ice nickel project has been postponed to March 2026.

cls.cnApr 17 11:13 ET

Founding member of Tianqi Lithium Corporation, Jiang Weiping: 2024 will be a challenging year | Directly reporting from the Earnings Conference.

① Tianqi Lithium Corporation held a performance briefing this afternoon. Founder Jiang Weiping stated that 2024 will be a very challenging year and a year to train the management team; ② The Chief Financial Officer stated that the main factors affecting the performance in 2024, such as the impairment provisions for Phase II Assets and inventory impairment provisions, as well as mismatched prices for aluminum concentrate, have been eliminated this year, and the company's performance will improve in Q1 of this year.

cls.cnMar 27 09:58 ET

In 2024, a net loss of 7.9 billion, Tianqi Lithium Corporation faces its "worst year" since being listed and has adjusted its production capacity plan | Interpretations

① Tianqi Lithium Corporation reported a net loss of 7.905 billion yuan last year, turning from profit to loss compared to a profit of 7.297 billion yuan in the same period last year; ② The company stated that the performance change was mainly due to the decline in lithium product prices and misalignment of the pricing mechanism, the decline in performance of the important associate company SQM, as well as increased asset impairment losses and foreign exchange losses.

cls.cnMar 26 11:57 ET

What is Zhejiang Huayou Cobalt's intention in collaborating with Weilan New Energy?

High nickel: the main value subject of Cathode Material for Solid State Battery.

wallstreetcnMar 18 10:05 ET

Both "dual giants" suffered huge losses, with GANFENGLITHIUM expected to incur a loss of over 1.4 billion in 2024 | Interpretations

① GANFENGLITHIUM expects a net loss of 1.4 billion to -2.1 billion yuan last year, compared to a net income of 4.95 billion yuan in the same period last year; ② GANFENGLITHIUM stated that the performance change was mainly affected by the decline in sales prices of lithium salts and Lithium Battery products, the decline in the prices of financial assets held by the company, and additionally, the company made provisions for depreciation of inventory and other related Assets; ③ Known as the "Twin Heroes", both Tianqi Lithium Corporation and GANFENGLITHIUM have encountered losses, resulting in their worst performance since going public.

cls.cnJan 24 10:22 ET