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    002466   CNE100000T32

TIANQI LITHIUM CORPORATION

(002466)
  Report
End-of-day quote Shenzhen Stock Exchange  -  2022-12-08
88.90 CNY   -0.11%
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Tianqi Lithium Corporation announces an Equity Buyback for CNY 200 million worth of its shares.

08/30/2022 EST

Tianqi Lithium Corporation (SZSE:002466) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 150 per share.

The purpose of the program is to fully mobilize the enthusiasm of the company's core staff through establishing and improving the long-term incentive mechanism of the company and enhance team cohesion and competitiveness, thereby effectively aligning the interests of shareholders, the company and employees to promote the healthy and sustainable development of the company. The shares purchased will be used for the company's employee stock ownership plan. The program will be funded out of the company's own funds.

The program will be valid till earlier of August 30, 2023, or when the repurchase reaches the maximum limit, unless terminated by the Board earlier.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
TIANQI LITHIUM CORPORATION -0.11% 88.9 End-of-day quote.-16.92%
UK 10Y CASH -0.04% 3.1745 Delayed Quote.237.40%
All news about TIANQI LITHIUM CORPORATION
12/07Chinese M&A interest in Australia picks up as political ties thaw
RE
12/06Tianqi Lithium Eyes Battery Minerals Processing Opportunities in Australia
MT
12/06China's Tianqi exploring battery minerals processing options in Australia
RE
12/04IGO JV Starts Commercial Production from Kwinana Lithium Refinery in Western Australia;..
MT
11/16Lithium: The speculative bubble of white gold?
MS
10/28Tianqi Lithium Posts 1,173% Surge in Q3 Profit
MT
10/27Tianqi Lithium Corporation Reports Earnings Results for the Nine Months Ended September..
CI
10/17Tianqi Lithium's Profit Seen Soaring 31-Fold in January-September Period on Strong Sale..
MT
10/16Tianqui Lithium Forecasts Up To 3,089% Surge in January-September Net Profit
MT
10/14Tianqi Lithium Corporation Provides Earnings Guidance for the the Nine Months Ended Sep..
CI
More news
Analyst Recommendations on TIANQI LITHIUM CORPORATION
More recommendations
Financials
Sales 2022 36 879 M 5 301 M 5 301 M
Net income 2022 21 379 M 3 073 M 3 073 M
Net cash 2022 8 876 M 1 276 M 1 276 M
P/E ratio 2022 6,56x
Yield 2022 0,05%
Capitalization 141 B 20 281 M 20 281 M
EV / Sales 2022 3,58x
EV / Sales 2023 2,49x
Nbr of Employees 1 773
Free-Float 60,4%
Chart TIANQI LITHIUM CORPORATION
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Technical analysis trends TIANQI LITHIUM CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 88,90 CNY
Average target price 133,55 CNY
Spread / Average Target 50,2%
EPS Revisions
Managers and Directors
Jun Zou Chief Financial Officer & Director
Wei Ping Jiang Chairman
Jin Yan Chairman-Supervisory Board
Ying Pan Independent Non-Executive Director
Chuan Xiang Independent Non-Executive Director
Sector and Competitors