Futu News report on June 20: The Hong Kong Stock Exchange’s official website shows that $TIANQI LITHIUM (09696.HK)$has passed the hearing. Morgan Stanley, CICC, and China Merchants Bank International are the joint sponsors.
Company Overview
Tianqi Lithium is a leading lithium producer in China and globally. It has been listed on the Shenzhen Stock Exchange since August 31, 2010 (stock code: 002466). The company's products are mainly divided into two categories: lithium concentrate and lithium compounds and their derivatives. According to a Wood Mackenzie report, based on lithium concentrate production in 2021, the company is the world's fourth-largest and Asia's second-largest lithium compound producer, with market shares of 7% and 12%, respectively.
The company's main customer base includes battery material manufacturers, multinational electronics companies, and global glass producers. Based on production volume in 2021, the company is the world’s second-largest supplier of battery-grade lithium carbonate and one of the top ten suppliers of battery-grade lithium hydroxide globally.
The company boasts outstanding R&D capabilities, with its core team composed of experts with extensive experience in scientific fields crucial to lithium product development, such as materials engineering, chemical engineering, and metallurgy. The company currently holds 166 authorized patents.
Financial Condition
According to the prospectus, Tianqi Lithium's total revenue from 2019 to 2021 was 4.816 billion, 3.215 billion, and 7.598 billion RMB, respectively, with a compound annual growth rate of 25.6%. From 2019 to 202...