HK Stock Market Move | Tianqi Lithium Corporation (09696) rose over 3% after its results, with net profit attributable to shareholders up more than 30-fold in the first three quarters, and the average selling price of lithium products increased significantly compared with the same period last year.

Tianqi Lithium Corporation (09696) rose over 3% after its results, up 2.5% as of press time at HK$24.56, with turnover of HK$45.3129 million. On the news front, Tianqi Lithium Corporation released its results for the first three quarters of 2026, with operating revenue of RMB18.279 billion (the same below), up 147.11% year on year; net profit attributable to shareholders of the listed company of RMB5.602 billion, up 3,013.86% year on year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of RMB5.533 billion, up 7,663.29% year on year; and basic earnings per share of RMB3.30. The announcement said the growth in operating revenue was mainly due to increases in both the average selling price of the company's lithium products and the sales volume of lithium compounds and derivatives during the reporting period compared with the same period last year. The main reasons for the growth in net profit attributable to shareholders were: driven by multiple favorable factors including the development of the new energy industry and growth in downstream demand, the average selling price of the company's main lithium products during the reporting period increased significantly compared with the same period last year, resulting in substantial year-on-year growth in operating revenue and gross profit; according to Bloomberg forecast data, SQM's third-quarter 2026 results are expected to grow substantially year on year, so the investment income from this associate recognized by the company during the reporting period increased compared with the same period last year.