Stock Track | Ganfeng Lithium Soars 5.12% Intraday on Strong Q1 Earnings Turnaround

Stock Track04-24 10:49

Ganfeng Lithium's stock price surged 5.12% during intraday trading on Friday, marking a significant upward movement for the lithium producer.

The sharp rise follows the company's recently disclosed first-quarter earnings preview, which projected a dramatic turnaround from a loss to substantial profitability. According to the preview, Ganfeng Lithium expects net profit attributable to shareholders to reach 1.6 billion to 2.1 billion RMB for Q1, representing year-over-year growth of approximately 550% to 690% compared to a loss in the same period last year.

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