Gewinn & Umsatz News zur GANFENG Aktie

 

Ganfeng Lithium, the world's largest producer of lithium metal, has issued a strong profit forecast for the first quarter of this year as soaring demand for electric vehicles (EVs) and energy storage system (ESS) batteries lifted earnings. The company, based in China's central Jiangxi province, said in an exchange filing on Thursday that increasing orders had driven up prices of lithium – a key material for EV and ESS batteries – helping it post an estimated profit of 1.6 billion yuan (US$234......

China's top lithium producers swung back to profitability in the third quarter, buoyed by a rebound in lithium prices, triggering a surge in related equities. Tianqi Lithium Corp. and Ganfeng Lithium Group Co. Ltd. both reported a return to profit in their latest earnings reports. Shares of lithium-related companies soared on the news, with Tianqi and Yongxing Special Materials Technology Co. Ltd. hitting the daily 10% gain limit Thursday. Ganfeng rose 5.3%. The rebound marks a sharp reversal for the sector, which had been struggling with losses amid a supply glut and falling prices. A mix of disciplined production cuts, stronger demand from electric vehicles and energy storage, and policy support from Beijing is reviving the once-beleaguered market. Tianqi reported a third-quarter net profit attributable to shareholders of 95.5 million yuan ($13.4 million), up more than 100% from a year earlier. That brought its nine-month profit to 180 million yuan, reversing a loss for the same period last year. Quart...