31
Aug
11:50
Ganfeng Lithium's H1 net profit drops on lower lithium materials performance
Shenzhen-listed battery and materials company Ganfeng Lithium saw its net profit decline 16.35% in the first half of the year to CNY 5.85 billion, amid lower lithium compound prices and higher operating costs, Kallanish reports.
The lithium giant reported a 13.01% increase in the operating income of its lithium material products to CNY 13.72 billion, whilst operating costs shot up by 171.11% to CNY 10.41 million. As a result, gross profit margin of this business …
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