[Tianqi Lithium: Net profit is expected to increase by 2735%-3235% year-on-year in the first three quarters of 2026] On October 20, Tianqi Lithium (002466.SZ) announced that the net profit attributable to shareholders of listed companies in the first three quarters of 2026 is expected to be 5.10 billion-6.00 billion yuan, a year-on-year increase of 2735%-3235%. The performance changes were mainly due to the development of the new energy industry and the growth of downstream demand. The average sales price of major lithium products increased significantly compared with the same period last year. At the same time, the investment income of the associate company SQM increased significantly year-on-year. Xiaocai Note: The company’s Q3 net profit is expected to be 858 million to 1.758 billion, and Q2 net profit is 2.366 billion. Based on this calculation, Q3 net profit is expected to decrease by 25% to 63% month-on-month.