The Zhitong Finance App learned that Tianqi Lithium (09696) rose more than 5% in early trading. As of press release, it had risen 3.9% to HK$38.4, with a turnover of HK$74.24,000.

According to the news, Tianqi Lithium announced interim results. Revenue for the first half of the year was 12.242 billion yuan, up 153.32% year on year; net profit attributable to shareholders of listed companies was 4.242 billion yuan, up 4925.46% year on year. According to calculations, the company's net profit for the second quarter was 2,366 billion yuan, an increase of 26% over the previous quarter.

According to the report, the sharp increase in Tianqi Lithium's performance in the first half of the year was mainly due to an increase in the price of lithium products and sales of lithium compounds and derivatives compared to the same period last year. By product, the lithium mining business achieved operating income of 5.122 billion yuan, a year-on-year increase of 115.18%, and gross margin of 74.19%; the lithium compounds and derivatives business achieved operating income of 7.101 billion yuan, an increase of 190.76% over the previous year, and a gross margin of 57.35%.

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