On July 15, Ganfeng Lithium (01772.HK) fell 3.74% in regular trading, trading at HKD 40.04/share, with turnover of HKD 114 million.
On the news front, the company released a positive profit forecast on the evening of July 14, projecting H1 net profit of RMB 3.65 billion to RMB 4.6 billion, representing a dramatic turnaround from a loss of RMB 531 million in the same period last year — an increase of approximately 787% to 966%. Basic EPS is estimated at RMB 1.75 to RMB 2.20, compared with a loss of RMB 0.27 per share previously. The company attributed the improvement to significantly higher lithium salt selling prices year-over-year.
Despite the better-than-expected earnings guidance, the stock had already accumulated substantial gains in prior sessions, with the A-share closing at RMB 52.55 on July 14 after a 2.78% rally. Market participants appear to be engaging in classic sell-the-news profit-taking. Additionally, the company simultaneously disclosed that prosecutors issued a non-prosecution decision on its insider trading case, though the administrative violation record remains permanently on file.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments