Ganfeng Lithium swings to profit with 4.26B yuan net income in first half

Stock News01:16

Ganfeng Lithium Group Co.,Ltd. (002460.SZ) released its 2026 semi-annual report, showing revenue of 23.097 billion yuan for the reporting period, a year-on-year increase of 175.75%. Net profit attributable to shareholders of the listed company reached 4.257 billion yuan, turning profitable from a loss in the prior-year period. After deducting non-recurring gains and losses, net profit attributable to shareholders stood at 3.848 billion yuan, also reversing from a loss. Basic earnings per share came in at 2.04 yuan.

The company attributed the significant revenue growth to a recovery in lithium product selling prices during the period, alongside increased sales volumes of lithium battery products.

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