[Lithium Battery: Ganfeng Lithium H1 net profit hits RMB 4.43bn, swinging to profit as revenue jumps 177% YoY]

Published: Aug 31, 2026 18:02
Ganfeng Lithium released its 2026 interim results on Aug 28: H1 revenue reached RMB 22.88bn, up about 177% YoY, with net profit of RMB 4.43bn, turning around from a loss a year earlier. Higher lithium salt prices and robust energy storage demand lifted both its lithium compounds and battery businesses. Lithium metal and compounds contributed RMB 14.10bn (61.6% of revenue) at a 42% gross margin, while lithium batteries brought in RMB 7.79bn (34%) at an 11.9% margin. China revenue surged about 192% YoY to RMB 22.04bn, accounting for 96.3% of the total.

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