Tianqi Lithium made a profit of 660 million yuan in the first quarter, an increase of 63 % year-on-year

On the evening of April 24, Tianqi Lithium released its first quarter report for 2018. From January to March, the company's operating income was 1.669 billion yuan, a year-on-year increase of 56.92 billion yuan; The net profit of shareholders belonging to listed companies was 660 million yuan, a year-on-year increase of 62.7 yuan; The basic earnings per share is 0.58 yuan.

For the increase in operating income, the company stated that the sales price of lithium concentrate during the reporting period was higher than the same period last year; The spring inspection of the shooting flood base was postponed so that the production and sales volume in the reporting period increased compared with the same period of the previous year.

In the quarterly report, the company also made a forecast for the first half of the performance. The company expects that the net profit of shareholders belonging to listed companies from January to June will be RMB 1.3 billion to RMB 1.45 billion, an increase of 40.69 % to 56.93 % year-on-year.

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