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Tianqi Lithium Corp. Class H (9696) AI Stock Analysis
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Tianqi Lithium Corp. Class H
(HKEX:9696)
The score is supported by improving TTM financial performance (strong rebound in profitability and cash flow, manageable leverage) and a relatively low P/E valuation. It is held back meaningfully by weak technicals (price below major moving averages, negative MACD, oversold momentum), and by the company’s high multi-year earnings/cash flow volatility.
Tianqi Lithium Corp. Class H (9696) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 37.77B
- Dividend Yield
- ―
- Average Volume (3M)
- 4.05M
- Price to Earnings (P/E)
- 9.9
- Beta (1Y)
- 1.33
- Revenue Growth
- 115.70%
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 3,902
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Chemicals - Specialty
Tianqi Lithium Corp. Class H Business Overview & Revenue Model
Company Description
Tianqi Lithium Corporation is a global entity focused on the manufacturing, processing, and distribution of lithium concentrate and a variety of chemical products. The company's operations extend across Australia, Chile, the United Kingdom, and China...
How the Company Makes Money
Tianqi Lithium makes money primarily by selling lithium chemical products and, where applicable, through participation in upstream lithium resource operations. Its core revenue model is product-based: it produces lithium compounds (commonly including...
Tianqi Lithium Corp. Class H Financial Statement Overview
Summary
TTM results show a strong rebound with revenue up 19.89%, very strong margins (gross ~61%, net ~28%), and improved operating/free cash flow. However, multi-year cyclicality is pronounced (large loss in 2024, modest profitability and weak cash flow in 2025), reducing confidence in durability despite a healthier balance sheet (TTM debt-to-equity ~0.32).
Income Statement
72PositiveBalance Sheet
74PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.93B | 10.08B | 13.06B | 40.45B | 40.17B | 7.66B |
| Gross Profit | 12.88B | 3.91B | 5.30B | 34.35B | 34.15B | 4.69B |
| EBITDA | 12.98B | 4.40B | 5.65B | 37.66B | 41.46B | 4.64B |
| Net Income | 5.86B | 450.65M | -7.90B | 7.28B | 23.94B | 3.65B |
Balance Sheet | ||||||
| Total Assets | 85.13B | 73.10B | 69.56B | 74.97B | 72.56B | 45.80B |
| Cash, Cash Equivalents and Short-Term Investments | 13.92B | 5.71B | 6.42B | 9.35B | 12.46B | 1.99B |
| Total Debt | 15.67B | 15.49B | 14.92B | 11.76B | 8.71B | 21.81B |
| Total Liabilities | 24.44B | 21.12B | 19.50B | 19.01B | 17.80B | 26.01B |
| Stockholders Equity | 49.13B | 42.38B | 42.77B | 51.52B | 50.16B | 14.36B |
Cash Flow | ||||||
| Free Cash Flow | 4.96B | -583.56M | 1.03B | 18.25B | 18.58B | 1.23B |
| Operating Cash Flow | 7.57B | 2.93B | 5.55B | 22.69B | 20.30B | 2.23B |
| Investing Cash Flow | -2.84B | -4.41B | -5.88B | -2.02B | 744.01M | -65.19M |
| Financing Cash Flow | 1.08B | -417.37M | -3.24B | -23.44B | -10.57B | -1.15B |
Tianqi Lithium Corp. Class H Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9696, the sentiment is Negative. The current price of 23.08 is below the 20-day moving average (MA) of 25.20, below the 50-day MA of 30.11, and below the 200-day MA of 42.41, indicating a bearish trend. The MACD of -1.84 indicates Negative momentum. The RSI at 27.07 is Positive, neither overbought nor oversold. The STOCH value of 57.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9696.
Tianqi Lithium Corp. Class H Peers Comparison
Overall Rating
HK:399366.4Neutral
HK:224565Neutral- HK:969661Neutral
HK:109153Neutral
HK:223749Neutral
HK:612839.4Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:3993 | 66Neutral | HKD 329.39B | 9.68 | 32.65% | 3.54% | 38.53% | 62.42% |
| HK:2245 | 65Neutral | HKD 26.31B | 5.34 | 30.91% | 4.12% | 34.76% | 66.30% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| HK:9696 | 61Neutral | HKD 65.49B | 9.94 | 12.64% | ― | 115.70% | ― |
| HK:1091 | 53Neutral | HKD 2.28B | 5.38 | 11.28% | ― | -32.45% | ― |
| HK:2237 | 49Neutral | HKD 256.00M | 30.86 | 1.58% | ― | 2.31% | ― |
| HK:6128 | 39Underperform | HKD 23.72M | -0.05 | -1613.43% | ― | -20.14% | -84.86% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:9696 | Tianqi Lithium Corp. Class H | 23.08 | -23.50 | -50.45% | |
| HK:3993 | CMOC Group | 12.32 | -3.56 | -22.42% | |
| HK:1091 | South Manganese Investment Limited | 0.39 | -0.05 | -11.49% | |
| HK:2237 | China Graphite Group Ltd. | 0.16 | -0.23 | -58.97% | |
| HK:2245 | Lygend Resources & Technology Co., Ltd. Class H | 16.74 | -4.65 | -21.73% | |
| HK:6128 | Graphex Group Limited | 0.02 | -0.29 | -93.33% |
Tianqi Lithium Corp. Class H Corporate Events
Tianqi Lithium Posts Surging Profit in Third Quarter 2026
Tianqi Lithium Corporation is a China-based lithium producer listed in Hong Kong that operates within the new energy materials and battery supply chain sector. The company focuses on lithium resources development, production and sales, supplying key...
Tianqi Lithium projects multi‑billion yuan profit surge on booming lithium demand
Tianqi Lithium has issued a positive profit alert, forecasting net profit attributable to shareholders of RMB5.1 billion to RMB6.0 billion for the nine months ended 30 September 2026, compared with RMB179.9 million a year earlier. Basic earnings per...
Tianqi Lithium Sets October Board Meeting to Approve Q3 Results
Tianqi Lithium Corporation has scheduled a board meeting for 23 October 2026 to review and approve its third‑quarter results for the nine months ended 30 September 2026. The board will also consider the publication of these results and attend t...
Tianqi Lithium Publishes Unaudited 2026 Interim Results and Sets Report Timeline
Tianqi Lithium Corporation has released its unaudited consolidated interim results for the six months ended 30 June 2026, fulfilling Hong Kong listing rules on preliminary interim disclosures. The company will distribute the print version of its 2026...
Tianqi Lithium Sets Online Briefing to Discuss 2026 Interim Results
Tianqi Lithium Corporation, a major Chinese lithium producer serving the global new energy and electric vehicle supply chain, is listed in Hong Kong and maintains a broad investor base in regional and international markets. Its leadership team includ...
Tianqi Lithium Cancels Restricted A Shares After Performance Review
Tianqi Lithium has completed the repurchase and cancellation of 113,113 restricted A shares under its 2024 A Share Restricted Share Incentive Scheme, after performance and employment conditions triggered forfeiture for certain participants. The move...
Tianqi Lithium Schedules Board Meeting to Approve 2026 Interim Results
Tianqi Lithium Corporation, a major Chinese lithium producer listed in Hong Kong, operates as a joint stock company supplying lithium products to the global new energy and battery markets. Its board includes both executive and independent non-executi...
Tianqi Lithium Subsidiary Commits RMB150 Million to SEVB Capital Increase
Tianqi Lithium Corporation has confirmed that its wholly owned subsidiary Shehong Tianqi has formally entered into a capital increase agreement with SEVB, Sunwoda Huizhou and the actual controllers of SEVB, Wang Mingwang and Wang Wei. Under this tran...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 27, 2026