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Since the exposure of 654.38+025 billion debt or default, what crises will Tianqi lithium industry face soon?
The biggest crisis is the debt crisis. Its book cash is less than RMB 2 billion, but its debt exceeds RMB 654.38+000 billion, which will expire at the end of the month. Therefore, Tianqi Lithium Industry is about to face the default risk of being unable to repay its debts. Recently, Tianqi Lithium's huge self-insurance debt is about to expire, and the company may have the risk of default. According to the latest financial data, Tianqi Lithium Industry lost more than 5.9 billion yuan last year. At present, the company's book cash is only 654.38+0.2 billion yuan, and CITIC Bank's debt of 654.38+0.25 billion yuan is about to expire at the end of the month. In the future, if no strategic investors join or get deferred repayment from banks, the company will face greater financial difficulties.

Although the company also said in the announcement that it is introducing strategic investors to ease the company's financial difficulties. However, some industry analysts said that the company may be more inclined to introduce government capital, because if external investors are introduced, the voting rights of the board of directors may be affected and the actual controller of the company may change. Therefore, the company should actively talk to the government at present. If the government funds can be obtained smoothly, the company will be able to tide over this difficulty with great probability. Judging from the latest financial data, together with the debt due at the end of the month, Tianqi Lithium's debt has risen to 65,438+079.35% of its net assets, which means it is insolvent.

Some securities analysts said that Tianqi lithium industry itself is a large enterprise, especially the lithium material production industry, which is a relatively hot industry at present, and Tianqi lithium industry is also a leader in the industry. There should be many external investors and local governments who want to take over, but it is still uncertain about the progress of the negotiations between the company and them.

It is reported that Tianqi Lithium's huge debt comes from the wanton merger and acquisition of overseas companies a few years ago. After the merger, it faced the downward cycle of the industry, which led to the continuous decline of the company's performance and the decline of asset value.