Gasgoo Munich- Tianqi Lithium (002466) released its 2026 semi-annual report on August 27, according to Gasgoo. Revenue for the first half rose 153.32% year-on-year to 12.24 billion yuan. Net profit attributable to shareholders surged to 4.24 billion yuan from 84.41 million yuan a year earlier, an increase of 4,925.46%. Excluding non-recurring items, profit was approximately 4.2 billion yuan, up 318,054.90%. Basic earnings per share stood at 2.51 yuan.
Image Source: Screenshot of the announcement
On the cash flow front, net operating cash flow reached 2.21 billion yuan in the first half, climbing 21.51% from a year ago. By the end of the period, the company's gross margin was 64.39%.
Looking at the quarterly breakdown, second-quarter revenue rose 216.4% to 7.11 billion yuan. Net profit attributable to shareholders swung to 2.37 billion yuan, reversing a net loss of 19.86 million yuan in the prior-year period.
Tianqi Lithium attributed the performance shift primarily to higher lithium prices year-on-year, robust downstream demand, and expanded capacity. Driven by rising prices and increased output and sales, the company posted a significant rebound in first-half performance.
Image Source: Screenshot from Tianqi Lithium
As a major player in China's lithium sector, Tianqi Lithium supplies lithium chemicals widely used in EV batteries. As lithium is a core raw material for batteries, its price trajectory is tightly linked to downstream EV demand. Consequently, this semi-annual report serves as a barometer for shifts in the lithium chemical market and broader downstream consumption.
Additionally, the company stated in the report that it does not plan to pay cash dividends, issue bonus shares, or capitalize reserves to increase share capital.
Looking ahead, lithium price trends, evolving demand in the EV sector, and the pace of capacity expansion will remain the key determinants of Tianqi Lithium's future performance.
