Income Statement Tianqi Lithium Corporation

Equities

002466

CNE100000T32

Commodity Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-13			5-day change	1st Jan Change
25.82 ^CNY	-6.79%		-0.88%	-53.72%

09-11	Lithium Miners Shares Surge on Possible CATL Supply Cut	DJ
09-02	Tianqi Lithium Swings to Loss in H1	MT

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Published financial data: TIANQI LITHIUM CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.84B	3.24B	7.66B	40.45B	40.49B
Other Revenues, Total	770K	1.55M	1.58M	1.45M	10.05M
Total Revenues	4.84B	3.24B	7.66B	40.45B	40.5B
Cost of Goods Sold, Total	2.11B	1.92B	2.94B	6.02B	6.82B
Gross Profit	2.73B	1.32B	4.73B	34.42B	33.68B
Selling General & Admin Expenses, Total	461M	403M	451M	394M	617M
Provision for Bad Debts	560K	-4.82M	7.91M	95.17M	-81.23M
R&D Expenses	48.36M	24.27M	18.83M	26.7M	30.37M
Other Operating Expenses	25.01M	27.03M	70.89M	290M	77.98M
Other Operating Expenses, Total	535M	450M	548M	806M	644M
Operating Income	2.2B	874M	4.18B	33.62B	33.04B
Interest Expense, Total	-2.05B	-1.82B	-1.47B	-1.08B	-550M
Interest And Investment Income	346M	155M	1.46B	7.9B	3.47B
Net Interest Expenses	-1.7B	-1.67B	-3.59M	6.81B	2.92B
Currency Exchange Gains (Loss)	20.25M	497M	-245M	377M	188M
Other Non Operating Income (Expenses)	-12.22M	-14.68M	-23.75M	-23.12M	-12.04M
EBT, Excl. Unusual Items	508M	-309M	3.91B	40.79B	36.13B
Gain (Loss) On Sale Of Investments	-5.06B	-682M	77.02M	-901M	-279K
Gain (Loss) On Sale Of Assets	-2.36M	-15.95M	-247K	-	8.03M
Asset Writedown	-26.01M	-75.26M	-19.65M	-1.22M	-3.01M
Legal Settlements	-731K	-2.17M	-1.3M	-6.87M	-9.86M
Other Unusual Items	104M	30.1M	1.54M	23.02M	158M
EBT, Incl. Unusual Items	-4.48B	-1.05B	3.96B	39.9B	36.28B
Income Tax Expense	1B	73.24M	1.37B	8.79B	10.62B
Earnings From Continuing Operations	-5.48B	-1.13B	2.59B	31.11B	25.66B
Net Income to Company	-5.48B	-1.13B	2.59B	31.11B	25.66B
Minority Interest	-501M	-706M	-511M	-6.98B	-18.37B
Net Income - (IS)	-5.98B	-1.83B	2.08B	24.12B	7.3B
Net Income to Common Incl Extra Items	-5.98B	-1.83B	2.08B	24.12B	7.3B
Net Income to Common Excl. Extra Items	-5.98B	-1.83B	2.08B	24.12B	7.3B
Per Share Items
Net EPS - Basic	-5.24	-1.24	1.41	15.52	4.45
Basic EPS - Continuing Operations	-5.24	-1.24	1.41	15.52	4.45
Basic Weighted Average Shares Outstanding	1.14B	1.48B	1.47B	1.55B	1.64B
Net EPS - Diluted	-5.24	-1.24	1.41	15.52	4.45
Diluted EPS - Continuing Operations	-5.24	-1.24	1.41	15.52	4.45
Diluted Weighted Average Shares Outstanding	1.14B	1.48B	1.47B	1.55B	1.64B
Normalized Basic EPS	-0.16	-0.61	1.31	11.91	2.57
Normalized Diluted EPS	-0.16	-0.61	1.31	11.91	2.57
Dividend Per Share	-	-	-	3	1.35
Payout Ratio	-24.18	-43.65	56.04	5.06	76.42
Supplemental Items
EBITDA	2.52B	1.21B	4.58B	34.21B	33.78B
EBITA	2.29B	948M	4.27B	33.77B	33.16B
EBIT	2.2B	874M	4.18B	33.62B	33.04B
EBITDAR	2.53B	1.21B	4.58B	34.22B	34.67B
Total Revenues (As Reported)	4.84B	3.24B	7.66B	40.45B	40.5B
Effective Tax Rate - (Ratio)	-22.37	-6.95	34.66	22.04	29.27
Total Current Taxes	1.08B	126M	784M	9.47B	12.73B
Total Deferred Taxes	-73.31M	-52.52M	590M	-675M	-2.11B
Normalized Net Income	-184M	-900M	1.93B	18.51B	4.21B
Interest Capitalized	29.87M	-	-	-	-
Interest on Long-Term Debt	64.39M	-	78.59M	-	-
Non-Cash Pension Expense	227K	661K	2.1M	1.21M	3.83M
Supplemental Operating Expense Items
Advertising Expense	-	-	813K	9.58M	-
Selling and Marketing Expenses	43.98M	20.52M	21.12M	38.61M	33.77M
General and Administrative Expenses	417M	381M	425M	349M	576M
Research And Development Expense From Footnotes	48.36M	24.27M	18.83M	32.36M	38.21M
Net Rental Expense, Total	6.16M	7.01M	9.2M	10.6M	893M
Imputed Operating Lease Interest Expense	3.18M	3.16M	4.11M	6.02M	384M
Imputed Operating Lease Depreciation	2.98M	3.86M	5.08M	4.58M	509M
Maintenance & Repair Expenses, Total	3.74M	20.34M	22.63M	5.63M	12.66M
Stock-Based Comp., G&A Exp. (Total)	4.25M	-	-	-	27.63M
Total Stock-Based Compensation	4.25M	-	-	-	27.63M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.44B	994M	1.99B	12.46B	9.59B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	47.86M	-	4.1M	-	14.82M
Total Cash And Short Term Investments	4.49B	994M	1.99B	12.46B	9.6B
Accounts Receivable, Total	797M	807M	3.11B	10.49B	4.46B
Other Receivables	188M	173M	423M	605M	482M
Total Receivables	985M	980M	3.53B	11.09B	4.94B
Inventory	917M	851M	872M	2.14B	3.15B
Prepaid Expenses	-	-	30.98M	-	-
Other Current Assets, Total	54.26M	29.62M	43.21M	291M	1.93B
Total Current Assets	6.44B	2.85B	6.47B	25.99B	19.63B
Gross Property Plant And Equipment	11.76B	12.52B	12.51B	14.41B	20.57B
Accumulated Depreciation	-1.24B	-1.5B	-1.83B	-2.33B	-2.93B
Net Property Plant And Equipment	10.52B	11.02B	10.68B	12.08B	17.64B
Long-term Investments	25.2B	23.52B	23.29B	27.54B	28.46B
Goodwill	416M	416M	416M	416M	416M
Other Intangibles, Total	3.12B	3.27B	3.1B	3.58B	3.84B
Deferred Tax Assets Long-Term	525M	815M	116M	1.16B	3.17B
Deferred Charges Long-Term	4.32M	3.45M	4.52M	3.86M	16.21M
Other Long-Term Assets, Total	367M	141M	92.88M	76.76M	62M
Total Assets	46.6B	42.04B	44.17B	70.85B	73.23B
Liabilities
Accounts Payable, Total	1.77B	1.02B	1.03B	2.71B	2.52B
Accrued Expenses, Total	84.66M	106M	282M	643M	235M
Short-term Borrowings	3.19B	3.41B	3.35B	98.92M	337M
Current Portion of Long-Term Debt	16.4B	20.95B	7.59B	28.41M	599M
Current Portion of Leases	6.15M	4.52M	48.94M	46.04M	154M
Current Income Taxes Payable	541M	230M	687M	3.47B	2.36B
Unearned Revenue Current, Total	-	158M	164M	351M	37.45M
Other Current Liabilities	345M	928M	609M	203M	415M
Total Current Liabilities	22.34B	26.81B	13.76B	7.56B	6.66B
Long-Term Debt	14.33B	6.33B	10.63B	8.26B	9.54B
Long-Term Leases	38.4M	5.55M	200M	268M	1.12B
Unearned Revenue Non Current	75.25M	73.98M	72.57M	59.45M	56.34M
Pension & Other Post Retirement Benefits	29.12M	28.97M	33.08M	43.1M	57.34M
Deferred Tax Liability Non Current	555M	944M	979M	1.33B	1.23B
Other Non Current Liabilities	327M	409M	340M	260M	324M
Total Liabilities	37.69B	34.6B	26.01B	17.78B	18.99B
Common Stock, Total	1.48B	1.48B	1.48B	1.64B	1.64B
Additional Paid In Capital	6.77B	6.77B	12.29B	23.3B	23.74B
Retained Earnings	-496M	-2.33B	-255M	23.87B	26.24B
Treasury Stock	-	-	-	-200M	-200M
Comprehensive Income and Other	-789M	-711M	-749M	-113M	96.75M
Total Common Equity	6.96B	5.21B	12.76B	48.49B	51.52B
Minority Interest	1.95B	2.23B	5.39B	4.57B	2.72B
Total Equity	8.91B	7.43B	18.15B	53.07B	54.24B
Total Liabilities And Equity	46.6B	42.04B	44.17B	70.85B	73.23B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.48B	1.48B	1.48B	1.64B	1.64B
ECS Total Common Shares Outstanding	1.48B	1.48B	1.48B	1.64B	1.64B
Book Value / Share	4.71	3.52	8.64	29.58	31.43
Tangible Book Value	3.43B	1.52B	9.25B	44.5B	47.26B
Tangible Book Value Per Share	2.32	1.03	6.26	27.14	28.83
Total Debt	33.96B	30.7B	21.81B	8.71B	11.76B
Net Debt	29.47B	29.71B	19.82B	-3.76B	2.15B
Debt Equivalent Oper. Leases	49.31M	56.12M	73.58M	84.8M	7.14B
Minority Interest, Total (Incl. Fin. Div)	1.95B	2.23B	5.39B	4.57B	2.72B
Equity Method Investments, Total	25.15B	23.47B	22.59B	25.58B	26.87B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	245M	347M	396M	974M	1.13B
Inventories - Work In Process, Total	308M	323M	340M	617M	932M
Inventories - Finished Goods, Total	367M	183M	137M	556M	1.82B
Land - (BS)	17.5M	17.5M	62.99M	66.07M	75.65M
Buildings, Total	1.98B	2.2B	1.9B	3.33B	4.51B
Machinery, Total	3.42B	3.49B	3.8B	6.91B	7.28B
Full Time Employees	1.85K	1.64K	1.77K	2.19K	3.2K
Accumulated Allowance for Doubtful Accounts (Supple)	11.44M	6.62M	14.52M	110M	28.48M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-5.98B	-1.83B	2.08B	24.12B	7.3B
Depreciation & Amortization - CF	236M	257M	351M	504M	710M
Amortization of Goodwill and Intangible Assets - (CF)	86.57M	74.22M	96.61M	149M	128M
Depreciation & Amortization, Total	322M	331M	448M	654M	838M
Amortization of Deferred Charges, Total - (CF)	9.91M	12.61M	15.85M	1.37M	9.56M
(Gain) Loss From Sale Of Asset	28.43M	15.95M	247K	-	-8.03M
(Gain) Loss on Sale of Investments - (CF)	-466M	113M	-1.39B	-7.84B	-3.11B
Asset Writedown & Restructuring Costs	5.31B	75.26M	19.65M	1.22M	3.01M
Provision and Write-off of Bad Debts	560K	-4.82M	7.91M	95.17M	-81.23M
Other Operating Activities, Total	2.42B	2.47B	2.08B	8.61B	19.46B
Change In Accounts Receivable	594M	246M	-2.58B	-8.29B	4.8B
Change In Inventories	-356M	66.19M	-20.07M	-1.27B	-1.74B
Change In Accounts Payable	563M	-890M	837M	4.9B	-2.7B
Change In Deferred Taxes	-86.85M	98.7M	600M	-675M	-2.11B
Change in Other Net Operating Assets	-	-	-	-	27.63M
Cash from Operations	2.35B	696M	2.09B	20.3B	22.69B
Capital Expenditure	-3.74B	-963M	-1.01B	-1.72B	-4.44B
Sale of Property, Plant, and Equipment	95.65K	84.74M	8.26K	5K	14.37M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-13.92M	42.11M	870M	-823M	-
Other Investing Activities, Total	387M	331M	1.51M	3.28B	2.41B
Cash from Investing	-3.36B	-505M	-138M	744M	-2.02B
Long-Term Debt Issued, Total	6.56B	4.27B	3.75B	13.06B	10.9B
Total Debt Issued	6.56B	4.27B	3.75B	13.06B	10.9B
Long-Term Debt Repaid, Total	-3.68B	-6.46B	-12.02B	-25.66B	-9.05B
Total Debt Repaid	-3.68B	-6.46B	-12.02B	-25.66B	-9.05B
Issuance of Common Stock	2.91B	-	-	11.28B	-
Repurchase of Common Stock	-	-	-	-200M	-
Common Dividends Paid	-1.45B	-800M	-1.16B	-1.22B	-5.58B
Common & Preferred Stock Dividends Paid	-1.45B	-800M	-1.16B	-1.22B	-5.58B
Other Financing Activities, Total	-315M	-530M	8.3B	-7.83B	-19.72B
Cash from Financing	4.03B	-3.52B	-1.13B	-10.57B	-23.44B
Foreign Exchange Rate Adjustments	17.03M	-29.27M	-41.04M	52.89M	-187M
Net Change in Cash	3.04B	-3.36B	784M	10.52B	-2.96B
Supplemental Items
Cash Income Tax Paid (Refund)	815M	431M	690M	8.84B	14.24B
Levered Free Cash Flow	-2.32B	-1.41B	-1.14B	14.83B	18.43B
Unlevered Free Cash Flow	-1.04B	-274M	-223M	15.51B	18.77B
Change In Net Working Capital	-982M	201M	2.29B	4.44B	-1.69B
Net Debt Issued / Repaid	2.88B	-2.19B	-8.26B	-12.6B	1.85B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.01	1.23	6.06	36.54	28.66
Return on Total Capital	3.23	1.35	6.69	41.3	32.32
Return On Equity %	-52.6	-13.8	20.25	87.36	47.83
Return on Common Equity	-69.98	-30.14	23.14	78.77	14.59
Margin Analysis
Gross Profit Margin %	56.49	40.87	61.67	85.11	83.15
SG&A Margin	9.53	12.45	5.88	0.97	1.52
EBITDA Margin %	52.09	37.2	59.71	84.57	83.39
EBITA Margin %	47.22	29.27	55.78	83.48	81.88
EBIT Margin %	45.43	26.98	54.52	83.11	81.56
Income From Continuing Operations Margin %	-113.26	-34.8	33.8	76.91	63.36
Net Income Margin %	-123.61	-56.61	27.13	59.64	18.02
Net Avail. For Common Margin %	-123.61	-56.61	27.13	59.64