天齐锂业：2025年中期报告

Tianqi Lithium Corporation (A joint stock company incorporated in the People’s Republic of China with limited liability)喍᫩͚㤜ϧℾڞহస㽨ڷ᜽⿸⮱㗎Ъᰶथ喎ڙ䭽 Stock Code㗎ЪА㮌: 9696 中 期 報 告INTERIM REPORT2025 Contents 02DEFINITIONS 10CORPORATE INFORMATION 13FINANCIAL HIGHLIGHTS 15MANAGEMENT DISCUSSION AND ANALYSIS 119CORPORATE GOVERNANCE AND OTHER INFORMATION 162UNAUDITED INTERIM FINANCIAL STATEMENTS 170NOTES TO THE UNAUDITED INTERIM FINANCIAL REPORT the Board of Directors of Tianqi Lithium Corporation “Board of Directors”or “Board” “Board of Supervisors” the Board of Supervisors of Tianqi Lithium Corporation “CALB” CGP3“CGP3” or“Chemical-GradePlant No. 3” “Chengdu Tianqi” “Company”, “ourCompany”, “we” or“Tianqi Lithium” “Corporate GovernanceCode” DEFINITIONS DEFINITIONS “ITS” Inversiones TLC SpATLAI 1Inversiones TLC SpA, a wholly-owned subsidiary of TLAI 1 “Jiangsu Tianqi” 40%Sichuan Miaowei Water Co., Ltd. (), an investee of theCompany and was owned as to 40% by the Company through Shenghe Lithiumas at the end of the Reporting Period “Miaowei Water” “Model Code” C3the Model Code for Securities Transactions by Directors of Listed Issuers setout in Appendix C3 to the Hong Kong Listing Rules “Muyunze Mining” “Prospectus” “Reporting Period” 20256 30for the six months ended 30 June 2025 Renminbi, the lawful currency of the PRC “RMB” CORPORATE INFORMATION THE BOARD OF DIRECTORS EXECUTIVE DIRECTORS Jiang Anqi(Chairlady of the Board)Jiang Weiping(Honorary Chairman)Ha, Frank Chun Shing(President)Zou Jun(Executive vice president/chief financial officer) INDEPENDENT NON-EXECUTIVE DIRECTORS Xiang ChuanTang GuoqiongHuang WeiWu Changhua THE BOARD OF SUPERVISORS SUPERVISORSWang Dongjie(Chairlady)Chen ZeminHuang Xiashu AUTHORIZED REPRESENTATIVES Jiang AnqiWong Hoi Ting JOINT COMPANY SECRETARIES Zhang WenyuWong Hoi Ting STRATEGY AND INVESTMENT COMMITTEE OF THEBOARD Xiang Chuan(Chairman)Jiang AnqiJiang WeipingHa, Frank Chun ShingWu Changhua CORPORATE INFORMATION AUDIT AND RISK COMMITTEE OF THE BOARD Tang Guoqiong(Chairlady)Xiang ChuanHuang Wei NOMINATION AND GOVERNANCE COMMITTEE OFTHE BOARD Huang Wei(Chairlady)Jiang WeipingTang Guoqiong REMUNERATION AND APPRAISAL COMMITTEE OFTHE BOARD Xiang Chuan(Chairman)Jiang AnqiTang Guoqiong ESG E S GA N D S U S T A I N A B L E D E V E L O P M E N TCOMMITTEE OF THE BOARD Wu Changhua(Chairlady)Jiang AnqiHa, Frank Chun Shing HEADQUARTERS 166 No.166, Hongliang West 1st StreetTianfu New AreaChengdu, SichuanPRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 1231 31/FTower Two, Times Square1 Matheson StreetCauseway BayHong Kong CORPORATE INFORMATION H H SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWan ChaiHong Kong COMPANY’S WEBSITE http://www.tianqilithium.com/ http://www.tianqilithium.com/ SHARES INFORMATION AAA002466HHH9696 Where A Shares are ListedSZSEStock Abbreviation of A SharesStock Code of A Shares002466Where H Shares are ListedHong Kong Stock ExchangeStock Abbreviation of H SharesTianqi LithiumStock Code of H Shares9696 I N F O R M A T I O ND I S C L O S U R E A N D P L A C E SAVAILABLE FOR INSPECTION Ahttp://www.cninfo.com.cnHhttp://www.hkexnews.hk Media for Information Disclosure: Securities Times, SecuritiesDaily, China Securities Journal, Shanghai Securities News,Economic Information Daily, the website of Cninfo (), the HKEXnews websiteWebsites for publication of the Interim ReportA Shares: http://www.cninfo.com.cnH Shares: http://www.hkexnews.hk LEGAL ADVISER (AS TO HONG KONG LAW) Clifford Chance LLP LOCATION WHERE THE INTERIM REPORT ISAVAILABLE FOR INSPECTION The Board Office of the Company FINANCIAL HIGHLIGHTS REVENUE (BY PRODUCT CATEGORIES AND SALESREGIONS) FINANCIAL HIGHLIGHTS MANAGEMENT DISCUSSION AND ANALYSIS INDUSTRY AND MARKET ANALYSIS In the periodic table of elements, Lithium, a metal element withthe smallest atomic radius and lowest density among metals,has the lowest standard electrode potential and the highestelectrochemical equivalent. It constitutes approximately0.0065% of the Earth’s crust and ranks 27th in abundanceof elements. With its low density, high specific heat capacity,good electrical and thermal conductivity, as well as thestability and specific chemical properties of compoundsformed with other elements, lithium is strategically importantin the energy sector and has been regarded as one of the keyminerals in promoting the global energy transition. Lithiumresources are processed into chemical products such aslithium carbonate, lithium hydroxide and lithium chloride,which are widely used in traditional end markets such aselectric vehicles, consumer electronics, energy storagesystems, glass and ceramics, lithium lubricating greases,metallurgical casting, pharmaceuticals, and the nuclearindustry and are gradually branching out into emergingapplications including drones, electric vertical take-off