Tianqi Lithium Reports 153.32% Revenue Growth, 4,925.46% Net Profit Jump in H1 2026

Tianqi Lithium said its first-half 2026 revenue rose 153.32% year on year to 12.242 billion yuan, while net profit attributable to shareholders surged 4,925.46% to 4.242 billion yuan, according to Jiemian News. The company disclosed the figures in the half-year report it released on August 27. The broader article also said China's battery sector was under pressure on August 28, with the battery ETF Huatai-PineBridge (159796) and its benchmark index trading lower at 13:35. Among the index's constituents, Deye fell 4%, CATL and Sanhua Intelligent Controls dropped more than 1%, while Do-Fluoride rose more than 3% and Tianci Materials and Eve Energy gained more than 1%. Jiemian News also reported that on August 26, 2026, the U.S. signed Executive Order No. 14420, citing national security to bar federal agencies from purchasing some foreign large-scale power system equipment. The article said the order does not amount to a blanket ban on all foreign inverters entering the U.S.; instead, restrictions depend on whether the equipment involves a so-called Covered Foreign Entity and whether the U.S. energy secretary determines there is a national security risk. For installed equipment, the order allows monitoring, isolation, disconnection, replacement or removal measures, subject to grid reliability and substitute supply conditions. Separately, the article said China's oil and gas development plan issued on August 17 called for greener transformation, pilot projects integrating oil and gas with new energy, and development of compressed-air energy storage in depleted reservoirs and salt caverns. It also cited CNESA data showing 4.90 GW/15.77 GWh of new energy storage capacity added in China in July 2026, with independent storage accounting for 3.45 GW, or 70.3% of the monthly total.