trending Market Intelligence /marketintelligence/en/news-insights/trending/dhc9OwdV-1UNn7toy7sp2w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Tianqi Lithium Industries Q1 profit climbs 38.0% YOY

Mining Exploration Insights – September 2020

Amid Pandemic, Airlines Forge a New Survival Metric: Daily Cash Burn

Industries Most and Least Impacted by COVID-19 from a Probability of Default Perspective – September 2020 Update

Complying with International Financial Reporting Standard IFRS 9


Tianqi Lithium Industries Q1 profit climbs 38.0% YOY

Tianqi Lithium Industries Inc. said its first-quarter normalized net income amounted to 34 fen per share, compared with the S&P Capital IQ consensus estimate of 32 fen per share.

EPS climbed 36.7% year over year from 25 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 332.0 million yuan, a gain of 38.0% from 240.6 million yuan in the year-earlier period.

The normalized profit margin fell to 31.2% from 31.9% in the year-earlier period.

Total revenue grew 41.1% on an annual basis to 1.06 billion yuan from 754.0 million yuan, and total operating expenses climbed 45.7% on an annual basis to 393.8 million yuan from 270.4 million yuan.

Reported net income increased 42.7% from the prior-year period to 405.8 million yuan, or 41 fen per share, from 284.3 million yuan, or 29 fen per share.

As of April 21, US$1 was equivalent to 6.88 yuan.