Ganfeng Lithium Reports 75.87% Decrease in Net Profit for 2023

Ganfeng Lithium: Net profit in 2023 is approximately RMB 4.947 billion, a year-on-year decrease of 75.87%

Ganfeng Lithium (SZ 002460, closing price: RMB 35.93) released its annual performance report on the evening of March 28, stating that the annual operating income in 2023 was approximately RMB 32.972 billion, a decrease of 21.16% year-on-year; the net profit attributable to shareholders of the listed company was approximately RMB 4.947 billion, a year-on-year decrease of 75.87%; basic earnings per share were RMB 2.46, a year-on-year decrease of 75.83%.

From January to December 2023, the composition of Ganfeng Lithium's operating income was: non-ferrous metal smelting and rolling processing industry accounted for 74.2%, lithium batteries and cells and their direct materials accounted for 23.38%, and others accounted for 2.42%.