Ganfeng Lithium (01772) expects net profit from mother to be about 3.65 billion yuan to 4.6 billion yuan in the first half of the year

Zhitong Finance App News, Ganfeng Lithium (01772) issued an announcement. According to preliminary estimates by the company's finance department according to Chinese corporate accounting standards, the Group expects that for the six months ending June 30, 2026, (i) the net profit range attributable to the company's shareholders is estimated to be RMB 3.65 billion to RMB 4.6 billion, an increase of about 787.07% to 965.90% over the same period in 2025 of RMB 530 million; (ii) The net profit range after deducting non-recurring profit and loss is expected to be RMB 3 billion to RMB 4.2 billion compared to the same period in 2025 The company recorded a net loss of RMB 913 million after deducting non-recurring profit and loss, an increase of about 428.64% to 560.10%.

The Group's unaudited performance under China's corporate accounting standards for the reporting period is expected to rise sharply compared to the same period in 2025, mainly due to: (1) benefiting from the rapid development of the global new energy industry and increased demand for lithium salt from downstream customers, the sales price of the company's lithium salt products rose significantly compared to the same period last year; at the same time, with the gradual release of production capacity from lithium resource projects, the company's cost structure was effectively optimized. In addition, demand in the energy storage market continued to grow, and production and sales in the lithium battery sector increased markedly, which jointly promoted the year-on-year increase in the company's operating performance; (2) In order to optimize the asset structure and strengthen cash management, the company sold part of its PLS Group Ltd (PLS) shares to confirm corresponding investment returns. In addition, investment income in joint ventures and joint ventures has also increased, further boosting the company's current profit.