Ganfeng Lithium expects H1 2026 net profit of RMB3.65B to RMB4.6B, swinging from a net loss of RMB531M a year earlier, driven by rising lithium prices and new energy demand.
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Ganfeng Lithium forecasts up to RMB4.6B profit as lithium prices surge
Ganfeng Lithium expects first-half net profit of as much as RMB4.6 billion, swinging from a year-earlier loss, as lithium prices rallied.
The company forecast net profit attributable to shareholders for the six months ended June 30 of RMB3.65 billion to RMB4.6 billion, compared with a net loss of RMB531 million a year earlier, according to a filing with the Shenzhen Stock Exchange. Basic earnings per share will range from RMB1.75 to RMB2.20, versus a loss per share of RMB0.27. Net profit after deducting non-recurring items was expected at RMB3 billion to RMB4.2 billion, compared with a net loss of RMB913 million.
"The substantial growth was mainly driven by the rapid development of the global new energy industry and rising demand for lithium salts from downstream customers," the company said. The gradual ramp-up of lithium resource projects also optimized the company's cost structure, it added.
Ganfeng also benefited from a partial stake sale in PLS Group Ltd. and higher investment income from associates and joint ventures. The lithium battery segment posted notable output and sales volume gains, supported by sustained demand growth in energy storage markets. No interim dividend was declared.
The profit alert adds to a wave of positive news from China's lithium sector. Tianqi Lithium, the country's other top producer, last month projected first-half net profit of 2.85 billion yuan to 4.25 billion yuan, a year-on-year jump of as much as 4,935 percent, driven by the same tailwinds of rising lithium prices and new energy demand. Tianqi operates the world's largest lithium brines in Chile and the biggest hard-rock lithium mine in Australia.
Lithium carbonate prices in China have recovered this year as EV sales growth accelerated and energy storage installations surged, tightening supply after a prolonged downturn in 2024 and 2025. The price recovery has directly boosted margins for lithium converters and miners across the sector. China's energy storage market, a key demand driver for lithium batteries, more than doubled its new installations in 2025, according to industry data.
Ganfeng shares rose 0.5 percent on Tuesday. The stock has gained this year as lithium prices recovered on stronger EV sales and energy storage deployment in China and Europe.
The turnaround shows China's lithium producers are capturing the full benefit of the global energy transition, with demand from EVs and energy storage accelerating. Investors will watch for Ganfeng's full interim report for revenue details and margin trends.
This article is for informational purposes only and does not constitute investment advice.
[1] ＜Alert＞GANFENGLITHIUM Expects Interim Turnaround With Profit of Up to RMB4.6B[2] China’s top lithium firms project up to 50-fold profit surge amid energy transition boom[3] Blockbuster earnings: how China’s lithium giants are cashing in on energy race - South China Morning Post[4] Buoyed by recovering lithium prices and investment income, Ganfeng Lithium expects to return to profitability in the first half of the year, with net profit reaching as high as RMB 4.6 billion | Financial Insights - Moomoo[5] Net profit surges up to 49.35-fold year-over-year! A leading lithium mining company with an RMB 80 billion market cap releases its interim earnings forecast | After-Market Announcement Highlights - 富途牛牛
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