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<Warning>GANFENGLITHIUM (01772.HK) Expects 1H24 Turn Into Loss of RMB760M - RMB1.25B
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GANFENGLITHIUM (01772.HK) issued a profit warning, expecting a loss of RMB760 million to RMB1.25 billion for the six months ended June, compared with a net profit of RMB5.85 billion in the same period last year. The loss is mainly due to the decline in the share price of Pilbara Minerals, a financial asset held by the Company, which resulted in a significant loss in fair value. Meanwhile, due to the downturn in the lithium industry, the prices of lithium salts and lithium batteries continued to fall, and despite the increase in product shipments, the operating results dropped significantly. AAStocks Financial News |
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