On the evening of April 20, Tianqi Lithium released its Q1 earnings forecast, predicting net profit of 1.7–2 billion yuan, a staggering 1,530%–1,818% year-on-year surge, hitting a record high. Benefiting from a rebound in lithium prices and expanded overseas mining capacity, the company’s gross margin exceeded 85%, solidifying its position as a global lithium industry leader.

Meanwhile, several resource and technology firms outperformed expectations: Skyworth Digital’s net profit rose more than 14 times, Hebang Biology over 12 times, and Rigol Technology 512%. A-shares fluctuated in morning trading, with the Shanghai Composite down 0.24%. Power and commercial aerospace sectors strengthened against the trend, with Guangdong Electric Power A and Guang’an Aimin hitting limit-up within 10 minutes.

Computing power and state-owned cloud sectors adjusted, with the STAR Market 50 Index falling 2.37%. Institutions pointed out that the earnings season is in full swing, with performance as the clear main line. High-growth sectors including lithium mines, photovoltaics and AI chips have attracted capital inflows. Investors were advised to avoid underperforming stocks and focus on companies with strong Q1 pre-results and heavy holdings by the social security fund.