Changes in Hong Kong stocks | Ganfeng Lithium (01772) fell more than 6% in early trading, net profit increased 195 times in the first three quarters, and net profit fell 68% month-on-month in the third quarter

The Zhitong Finance App learned that Ganfeng Lithium (01772) fell more than 6% in early trading. As of press release, it decreased by 6.09% to HK$24.04, with a turnover of HK$304 million.

According to the news, Ganfeng Lithium announced results. In the first three quarters, it achieved operating income of 36.159 billion yuan, an increase of 147.24% over the previous year; net profit to mother was 5,012 billion yuan, an increase of 19540.50% over the previous year. Among them, Ganfeng Lithium's net profit for the third quarter was 755 million yuan, up 35.62% year on year, but down 68% from 2.42 billion in the second quarter.

On October 15, lithium carbonate mainly fell below the 100,000 yuan/ton mark, down 50% from the May high. Huatai Futures pointed out that at present, weak supply and demand expectations continue to fuel pessimism. Lithium carbonate futures continue to fall sharply. The core is long-term supply volume expectations plus negative resonance that falls short of expectations during the 10 peak seasons of gold, nine, and silver combined with concentrated capital short selling, and the bottom range lacks strong support.