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<Alert> GANFENG LITHIUM (01772.HK) Expects 1Q Net Profit RMB1.6B to RMB2.1B, Turning to Profit
Recommend 6 Positive 19 Negative 8 |
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GANFENG LITHIUM (01772.HK) issued a positive profit alert, expecting net profit attributable to shareholders of between RMB1.6 billion and RMB2.1 billion for the three months ended March, compared with a loss of RMB356 million in the same period last year.
The turnaround was mainly driven by the rapid development of the global new energy industry, strong growth in downstream customer demand, and a substantial increase in the selling prices of the company's lithium salt products. In addition, the continued expansion of the power battery and energy storage markets led to a significant rise in production and sales volume in its lithium battery segment. The increase in the share price of PLS held by the company also generated a net fair value gain of approximately RMB259 million after hedging.
AASTOCKS Financial News
Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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