Economic Information Daily News (October 16) reported that Ganfeng Lithium (01772) (Shenzhen: 002460) released its third-quarter report last night. During the reporting period, the company achieved operating revenue of 36.159 billion yuan (RMB, same below), an increase of 147.24% year-on-year; net profit attributable to shareholders reached 5.012 billion yuan, up 19540.5% year-on-year; non-recurring net profit was 4.636 billion yuan, up 592.14% year-on-year; basic earnings per share were 2.4 yuan, up 23900% year-on-year.
In the third quarter alone, Ganfeng Lithium's operating revenue was 13.062 billion yuan, an increase of 109.03% year-on-year; net profit attributable to shareholders was 755 million yuan, up 35.62% year-on-year. Compared with the second quarter net profit of 2.42 billion yuan, the third quarter net profit dropped 68% quarter-on-quarter.
Ganfeng Lithium stated that the growth in performance was mainly due to the recovery in selling prices of lithium series products and increased sales volume of lithium battery series products.
Ganfeng Lithium's A shares opened higher this morning but then declined, currently down 1.97%, at 39.22 yuan; its H shares fell over 5%. (jq)
In the third quarter alone, Ganfeng Lithium's operating revenue was 13.062 billion yuan, an increase of 109.03% year-on-year; net profit attributable to shareholders was 755 million yuan, up 35.62% year-on-year. Compared with the second quarter net profit of 2.42 billion yuan, the third quarter net profit dropped 68% quarter-on-quarter.
Ganfeng Lithium stated that the growth in performance was mainly due to the recovery in selling prices of lithium series products and increased sales volume of lithium battery series products.
Ganfeng Lithium's A shares opened higher this morning but then declined, currently down 1.97%, at 39.22 yuan; its H shares fell over 5%. (jq)
