Recently, Chengdu will be the age of Jiang Weiping finally Tianqi lithium industry to their children Jiang Anqi, retired from the board of honorary chairman. Now is the first month of Jiang Anqi take over the father's business. Today, she has to face this total market capitalization of nearly 70 billion yuan, annual profits of 8 billion yuan, the world's leading lithium industry leader, is not at the peak moment, is facing thorny problems. Tianqi lithium industry in the first quarter results threw a "thunderbolt". Hand in hand with lithium mine resting on its laurels is almost Tianqi lithium industry labeling, in the first quarter of 2024, Tianqi lithium industry attributable net profit slumped 179.93% compared with last year's fourth quarter of 790 million yuan, a loss of 3.9 billion yuan.

In the lithium salt price diarrhea, performance generally decline in 2023, Tianqi lithium industry is still 8 billion yuan of net profit in the lithium industry counterparts to sit firmly in the "king of lithium mine" throne. Behind this is Tianqi lithium industry more than 10 years in the global lithium resources investment and layout, especially two "snake swallowing elephant" general acquisition, one is the Australian Greenbush lithium mine. 2014, after a series of capital operation, Tianqi lithium industry fixed net fundraising 3.02 billion yuan to 3.041 billion yuan to acquire the Wenfield 51% equity, held by overseas subsidiary TLEA. Wenfield's wholly owned subsidiary TLEA has the right to mine the world's highest grade and largest reserves of lithium pyroxene Greenbush mine located in Western Australia, the total output of lithium concentrates in 2023 1.522 million tons. The second "snake swallowing elephant" is Chile Atacama Salt Lake. Tianqi lithium to 4.066 billion U.S. dollars to buy salt lake giant SQM 23.77% of the shares, become its second largest shareholder, can be through the dividends to obtain investment income. SQM has the Atacama Salt Lake mining rights, with mature lithium carbonate and lithium hydroxide production experience, the comprehensive production cost is lower.

But high leverage layout lithium resources buried hidden dangers have appeared. 2024 the first quarter, Tianqi lithium industry appeared abnormal profit fluctuations. The latest quarterly report shows that Tianqi lithium industry in the first quarter of 2024 to achieve gross profit amounted to 1.251 billion yuan, compared with a decrease of 4.235 billion yuan, a drop of 77.2%; net profit of -831 million yuan, compared with a decrease of 4.124 billion yuan, a drop of 125.24%; mother of the net profit of -3.897 billion yuan, compared with a decrease of 3.096 billion yuan, a drop of 386.52%.