Ganfeng Lithium Reports Q1 Net Loss of RMB356 Million Due to Lithium Price Decline and Other Factors

Published: Apr 30, 2025 18:20

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【Ganfeng Lithium: Reports Net Loss of RMB356 Million in Q1】Ganfeng Lithium announced that its operating revenue in Q1 2025 was RMB3.772 billion, down 25.43% YoY. The net profit attributable to shareholders of the publicly listed firm was -RMB356 million. The main reasons were the decline in lithium prices and the increase in the proportion of domestic sales, which led to a YoY decrease in cash received from the sale of goods and provision of services, as well as higher bill discounting interest rates, prompting the company to proactively control the scale of bill discounting. Meanwhile, the decline in the share price of Pilbara Minerals Limited, a financial asset held by the company, resulted in a loss due to changes in fair value, but the company partially hedged this impact by actively employing collar option strategies.

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