Today, Ganfeng Lithium Industry issued an announcement to substantially revise its performance forecast for 2020. According to the announcement, the revised net profit attributed to shareholders of listed companies was 91000-1.07 billion yuan, an increase of 154.14%-198.82% over the same period last year, and was previously expected to be 40,000-500 million yuan, an increase of 11.71%-39.64% over the same period last year, compared with a profit of 358.071 million yuan in the same period last year.
The reasons for the revision of the performance forecast are as follows:
1. During the reporting period, the production and sales of the company's lithium products increased compared with the same period last year, but the average annual sales price of lithium products decreased compared with the same period last year, resulting in a decline in the company's operating net profit compared with the same period last year
2. For the Pilbara and other financial assets held by the company, the fair value change income generated in this report has increased significantly, resulting in an increase in the company's net profit compared with the same period last year.
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