moriartymegawaysslot| Tianqi Lithium Industry: Jiang Anqi's succession faces performance challenges and diversified industrial chain layout

Health 2024-05-16

Newsletter summary

Tianqi lithium industry has a market capitalization of about 63 billion yuan. After Jiang Weiping resigned as chairman, his daughter Jiang Anqi took over. Jiang Anqi faces challenges including lithium product price drop affecting performance, associated company SQM performance decline and so on. Shenzhen Stock Exchange is concerned about the risk of losses in its main business. Tianqi lithium industry through the diversified layout of the industrial chain to hedge performance fluctuations, Jiang Anqi support and is expected to promote the company to enter a new stage of development.

Text of news flash

[Jiang Weiping submitted his resignation, Jiang Anqi took over as chairman of Tianqi Lithium Industry (002466)]

At the end of April, Tianqi Lithium announced that its founder Jiang Weiping had resigned as chairman. His daughter, Jiang Anqi, was elected as the new chairman by the board of directors, and Jiang Weiping was appointed honorary chairman of the board. The move marks corporate governanceMoriartymegawaysslotThe leadership is officially handed over to the new generation.

As a listed company with a market capitalization of about 63 billion yuan, Tianqi Lithium Industry will face multiple challenges under the leadership of Jiang Anqi. Jiang Anqi has about 10 years of experience, has studied for a master's degree in business administration at Southwest University of Finance and Economics, and holds a number of senior positions in Tianqi Group and Tianqi Lithium Industry.

Recently, the performance of Tianqi Lithium Industry has been affected by the increase in the supply of lithium products and falling prices. The Shenzhen Stock Exchange requires the company to elaborate on the risk of continuing losses in the main industry and the detailed calculation basis for the decline in SQM's performance. In addition, Tianqi lithium industry also needs to properly solve the hidden dangers left over by foreign investment and acquisition.

In order to support his daughter's succession, Tianqi Lithium Industry Board appointed Jiang Weiping as Honorary Chairman of the Board to continue to provide strategic planning and business development guidance. Jiang Anqi said that she will have a closer working relationship with the management of listed companies, and the new team will focus more on internationalization.

Jiang Anqi's succession process began when she was studying for an MBA at Southwest University of Finance and Economics and joined Tianqi Group after graduation. In 2018, Tianqi Lithium Industry established through a series of foreign mergers and acquisitionsMoriartymegawaysslotIt has a position in the field of global lithium mining and production, but it also brings huge debt pressure.

In 2023, Tianqi Lithium Industry achieved 405 revenue.Moriartymegawaysslot0.3 billion yuan, a slight increase of 0. 0 over the same period last year.Moriartymegawaysslot.13%; net profit 7.297 billion yuan, down 69.75% from the same period last year. After Jiang Anqi took over, how to reverse the declining performance has become its primary challenge.

In order to hedge performance dependent on lithium price fluctuations, Tianqi lithium industry has continued to increase the industrial layout of lithium materials research and development, new energy battery research and development in recent years. The diversified layout of the industrial chain is strongly supported by Jiang Anqi, who realizes that the profitability of lithium mining enterprises need to expand new business to achieve revenue and profit diversification.

However, the downstream industry chain of lithium battery is also facing the pressure of market competition and price war, and it is still unknown whether it can help Tianqi lithium industry improve its performance. Another major challenge for Jiang Anqi after taking over is how to properly deal with the hidden risks left over by Tianqi Lithium Industry's previous series of foreign acquisitions and investments.

Family business inheritance researchers pointed out that with the increase of macroeconomic fluctuations, many family businesses have ushered in new performance uncertainties and changes in development strategies, which require heiresses to size up the situation and formulate a new direction of enterprise development. and integrate resources to actively implement the new enterprise development strategy.

moriartymegawaysslot| Tianqi Lithium Industry: Jiang Anqi's succession faces performance challenges and diversified industrial chain layout

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