The Zhitong Finance App learned that Tianqi Lithium (09696) rose more than 3% after the results. As of press release, it had risen 2.5% to HK$24.56, with a turnover of HK$453.29 million.

According to the news, Tianqi Lithium announced results for the first three quarters of 2026, with operating income of 18.279 billion yuan (RMB, same below), up 147.11% year on year; net profit attributable to shareholders of listed companies was 5.602 billion yuan, up 3013.86% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 5,533 billion yuan, up 7663.29% year on year; basic earnings per share were 3.30 yuan.

According to the announcement, the increase in revenue was mainly due to an increase in the average sales price of the company's lithium products and sales volume of lithium compounds and derivatives during the reporting period compared to the same period last year. The main reason for the increase in net profit due to multiple favorable factors such as the development of the new energy industry and the increase in downstream demand, the average sales price of the company's major lithium products increased significantly during the reporting period compared to the same period of the previous year, leading to a significant increase in operating income and gross profit over the same period of the previous year; according to Bloomberg forecast data, SQM's 2026 third quarter results are expected to increase significantly year-on-year, so the investment income confirmed by the company in this reporting period increased compared to the same period last year.