Tianqi Lithium: Net profit in the first quarter was 1.876 billion yuan, an increase of 1,699.12% year-on-year.

Tianqi Lithium announced that in the first quarter of 2026, its revenue was 5.128 billion yuan, a year-on-year increase of 98.44%; the net profit was 1.876 billion yuan, a year-on-year increase of 1,699.12%. The main reason for this growth is the development of the new energy industry and the increase in downstream demand, among other favorable factors. The average selling prices of the company's main lithium products in this reporting period have increased significantly compared to the same period last year, leading to a substantial growth in operating income and gross profit compared to the same period last year. According to forecast data, SQM's performance in the first quarter of 2026 is expected to increase significantly year-on-year, leading to an increase in investment income from the joint venture company confirmed in this reporting period compared to the same period last year.