Tianqi Shares released its third quarter report for 2024, with strong performance in lithium battery recycling business

According to the "2024 Third Quarter Report" released by Tianqi Shares, the company's lithium battery recycling business achieved significant revenue growth in the first three quarters of 2024, reaching a total of 444.152 million yuan, and the gross profit margin increased by 5.8 percentage points. Especially in the third quarter, the revenue of this business reached 195.9494 million yuan, an increase of 55.4459 million yuan from the previous quarter. As part of the company, Tianqi Jintai Pavilion's revenue reached 161.8701 million yuan, an increase of 28%, and its gross profit margin increased by 7 percentage points, and its losses also narrowed.