TLC(002466) 金融界·2025-03-31 03:21Core Viewpoint - Tianqi Lithium Industries reported a significant decline in revenue and a net loss for the year 2024, marking a stark contrast to the previous year's profitability, attributed to a prolonged downturn in the lithium market [1][2]. Financial Performance - The company's operating revenue for 2024 was 13.063 billion yuan, a year-on-year decrease of 67.75% - The net loss attributable to shareholders was 7.905 billion yuan, a shift from a profit of 7.297 billion yuan in 2023 [1][2]. Market Conditions - The global lithium prices remained low throughout 2024, severely impacting Tianqi Lithium's performance - The company incurred losses exceeding 5 billion yuan in the first half of the year, with the full-year net loss reaching 7.905 billion yuan - Lithium carbonate prices experienced significant fluctuations, briefly rebounding to 110,000 yuan per ton after the Spring Festival, but subsequently declined due to reduced downstream demand and increased inventory [2]. Leadership Transition - Jiang Anqi, born in 1987 and holding a master's degree in business administration, officially took over as chairman of Tianqi Lithium in April 2024 - As the daughter of the founder, she has witnessed the company's ups and downs and has accumulated valuable management experience, which is now being tested in her first annual report [3]. Founder’s Confidence - Founder Jiang Weiping expressed strong trust in his daughter during the 2024 earnings briefing, emphasizing that the leadership transition was a well-considered decision and a form of inheritance - He highlighted Jiang Anqi's deep understanding of corporate culture, her experience during critical periods of the company's development, and her comprehensive knowledge of the company's governance and management systems [4].