Founding member of Tianqi Lithium Corporation, Jiang Weiping: 2024 will be a challenging year | Directly reporting from the Earnings Conference.

① Tianqi Lithium Corporation held a performance briefing this afternoon. Founder Jiang Weiping stated that 2024 will be a very challenging year and a year to train the management team; ② The Chief Financial Officer stated that the main factors affecting the performance in 2024, such as the impairment provisions for Phase II Assets and inventory impairment provisions, as well as mismatched prices for aluminum concentrate, have been eliminated this year, and the company's performance will improve in Q1 of this year.

cls.cnMar 27 09:58 ET

Are Hong Kong stock Autos stocks on the same page? After BYD and Xiaomi, NIO is also going to allocate shares!

Nio announced the launch of a "lightning" placement in Hong Kong, planning to issue up to 0.11879 billion Class A common shares at a price of HK$29.46 per share, which represents a discount of approximately 9.5% compared to its latest closing price in Hong Kong. Previously, BYD announced a lightning placement of H shares to raise HK$43.383 billion, the largest scale in the history of the Global Autos Industry. Xiaomi also announced a fundraising of up to US$5.3 billion through a method of issuing existing shares before new ones.

wallstreetcnMar 27 08:13 ET

Domestic Innovative Drugs are once again surging towards overseas markets! Concept stocks have responded with a significant increase. Is the external authorization model the optimal choice?

① As of the time of publication, the Hang Seng Innovative Drugs Index has risen over 5%, with multiple Innovative Drugs concept stocks experiencing double-digit gains; ② In recent days, Jiangsu Hengrui Pharmaceuticals, Hepo Pharmaceutical, UNITED LAB, and other Biotech companies have issued announcements about "going abroad"; ③ Northeast Securities stated that top MNCs recognize the R&D capabilities of Chinese local companies and are more willing to assign high valuations.

cls.cnMar 27 04:08 ET

After Goldman Sachs and Morgan Stanley, JPMorgan is also optimistic about the Chinese stock market: in the second quarter, "take a step back, take two steps forward"!

JPMorgan is Bullish on A-shares and has identified four major Bullish points: the relative profit growth advantage within Asia, DeepSeek's ability to reduce costs and enhance efficiency, the stabilization of the Real Estate market, and improved liquidity supporting A-share allocation. Although there will be adjustments at the beginning of the second quarter, the market is expected to continue ascending after the adjustments.

wallstreetcnMar 27 00:41 ET

Global Autos trade is facing a dark moment as Trump announces the imposition of the highest 25% tariffs on imported Autos.

① The President of the USA, Trump, announced that a maximum tariff of 25% will be imposed on all cars not manufactured in the USA; ② The tariffs will take effect on April 2 and will start to be collected the next day; ③ Most Auto Manufacturers' stock prices fell in after-hours trading, with Ford Motor down over 4% and General Motors down over 5%; ④ Canada and the EU have both responded.

cls.cnMar 26 18:42 ET

In 2024, a net loss of 7.9 billion, Tianqi Lithium Corporation faces its "worst year" since being listed and has adjusted its production capacity plan | Interpretations

① Tianqi Lithium Corporation reported a net loss of 7.905 billion yuan last year, turning from profit to loss compared to a profit of 7.297 billion yuan in the same period last year; ② The company stated that the performance change was mainly due to the decline in lithium product prices and misalignment of the pricing mechanism, the decline in performance of the important associate company SQM, as well as increased asset impairment losses and foreign exchange losses.

cls.cnMar 26 11:57 ET