Ganfeng Lithium Group (01772) announced that it expects a net profit attributable to shareholders of 1.6 to 2.1 billion yuan in the first quarter, turning losses into profits compared to the same period last year.

Ganfeng Lithium Group (01772) announced that it is expected to achieve a net profit attributable to shareholders of the company of 1.6 to 2.1 billion yuan in the first quarter of 2026, turning losses into profits year-on-year. The net profit after deducting non-recurring gains and losses is expected to be 1.25 to 1.75 billion yuan, also turning losses into profits year-on-year. According to the announcement, the expected performance is expected to increase significantly year-on-year, mainly due to the following reasons during the reporting period: (1) Benefiting from the rapid development of the global new energy industry, downstream customers' demand for lithium salts has increased, leading to a significant increase in the selling price of the company's lithium salt products compared to the same period in 2025. In addition, with the release of the production capacity of the company's lithium resource projects, the company's cost structure continues to be optimized. In addition, the market for power batteries and energy storage industries is growing continuously, leading to a significant increase in the production and sales volume of the lithium battery sector, resulting in the company's operating performance increasing year-on-year; (2) The increase in the stock price of PLS Group Ltd (PLS) held by the company resulted in fair value changes. After hedging with established risk management strategies related to vested options, the overall fair value change income is approximately 259 million yuan.