Stock Track | GANFENGLITHIUM Plummets 5.04% Intraday as Profit-Taking and Lithium Tax Concerns Weigh

Stock Track07-24

GANFENGLITHIUM shares dropped sharply by 5.04% during Friday's trading session, giving back a significant portion of the gains from the prior session. The decline comes as short-term investors lock in profits after the stock’s H-shares surged over 10% and its A-shares climbed nearly 8% in the previous trading day.

Market sentiment was further dampened by regulatory news, as three government departments confirmed that a 2% consumption tax on lithium batteries will take effect starting in September. This policy change has prompted downstream buyers to slow their procurement, suppressing demand expectations for lithium salts. Additionally, while the company's preliminary first-half earnings preview indicated a turnaround with a net profit between RMB 3.65 billion and RMB 4.6 billion, the sequential growth in the second quarter showed a notable deceleration, suggesting the positive earnings catalyst was already priced into the stock.

The weakness was also reflected across the sector, with peer TIANQI LITHIUM falling 1.34% on the same day, highlighting broader pressure on lithium-related stocks.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1103551961?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-24 10:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1103551961","market":"sg","top_or_hot":-1,"title":"Stock Track | GANFENGLITHIUM Plummets 5.04% Intraday as Profit-Taking and Lithium Tax Concerns Weigh","media":"Stock Track","content":"<p>GANFENGLITHIUM shares dropped sharply by 5.04% during Friday's trading session, giving back a significant portion of the gains from the prior session. The decline comes as short-term investors lock in profits after the stock’s H-shares surged over 10% and its A-shares climbed nearly 8% in the previous trading day.</p><p>Market sentiment was further dampened by regulatory news, as three government departments confirmed that a 2% consumption tax on lithium batteries will take effect starting in September. This policy change has prompted downstream buyers to slow their procurement, suppressing demand expectations for lithium salts. Additionally, while the company's preliminary first-half earnings preview indicated a turnaround with a net profit between RMB 3.65 billion and RMB 4.6 billion, the sequential growth in the second quarter showed a notable deceleration, suggesting the positive earnings catalyst was already priced into the stock.</p><p>The weakness was also reflected across the sector, with peer TIANQI LITHIUM falling 1.34% on the same day, highlighting broader pressure on lithium-related stocks.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | GANFENGLITHIUM Plummets 5.04% Intraday as Profit-Taking and Lithium Tax Concerns Weigh</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | GANFENGLITHIUM Plummets 5.04% Intraday as Profit-Taking and Lithium Tax Concerns Weigh\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-07-24 10:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>GANFENGLITHIUM shares dropped sharply by 5.04% during Friday's trading session, giving back a significant portion of the gains from the prior session. The decline comes as short-term investors lock in profits after the stock’s H-shares surged over 10% and its A-shares climbed nearly 8% in the previous trading day.</p><p>Market sentiment was further dampened by regulatory news, as three government departments confirmed that a 2% consumption tax on lithium batteries will take effect starting in September. This policy change has prompted downstream buyers to slow their procurement, suppressing demand expectations for lithium salts. Additionally, while the company's preliminary first-half earnings preview indicated a turnaround with a net profit between RMB 3.65 billion and RMB 4.6 billion, the sequential growth in the second quarter showed a notable deceleration, suggesting the positive earnings catalyst was already priced into the stock.</p><p>The weakness was also reflected across the sector, with peer TIANQI LITHIUM falling 1.34% on the same day, highlighting broader pressure on lithium-related stocks.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01772","symbol_name":"赣锋锂业","start_time":0,"source_url":"","article_id":"1103551961","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103551961","pubTimestamp":1784860846,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"GANFENGLITHIUM shares dropped sharply by 5.04% during Friday's trading session, giving back a significant portion of the gains from the prior session. The decline comes as short-term investors lock...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01772":"赣锋锂业"},"translate_title":"股票追踪|赣锋锂业盘中暴跌5.04%，获利了结和锂税担忧加重","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01772":1},"content_text":"GANFENGLITHIUM shares dropped sharply by 5.04% during Friday's trading session, giving back a significant portion of the gains from the prior session. The decline comes as short-term investors lock in profits after the stock’s H-shares surged over 10% and its A-shares climbed nearly 8% in the previous trading day.Market sentiment was further dampened by regulatory news, as three government departments confirmed that a 2% consumption tax on lithium batteries will take effect starting in September. This policy change has prompted downstream buyers to slow their procurement, suppressing demand expectations for lithium salts. Additionally, while the company's preliminary first-half earnings preview indicated a turnaround with a net profit between RMB 3.65 billion and RMB 4.6 billion, the sequential growth in the second quarter showed a notable deceleration, suggesting the positive earnings catalyst was already priced into the stock.The weakness was also reflected across the sector, with peer TIANQI LITHIUM falling 1.34% on the same day, highlighting broader pressure on lithium-related stocks.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.0","shortVersion":"4.47.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1103551961","isCrawlerRequest":true}