Summary by Moomoo AI
JIANGXI GANFENG LITHIUM GROUP CO., LTD. (GANFENG LITHIUM INDUSTRY) ISSUED ITS 2023 ANNUAL RESULTS FORECAST ON JANUARY 31, 2024. IT IS EXPECTED THAT THE COMPANY WILL SHOW A SIGNIFICANT DECLINE IN RESULTS YEAR-ON-YEAR DURING THE REPORTING PERIOD. According to preliminary estimates, net profit attributable to shareholders of listed companies will decrease from $620,000.00 million a year earlier to $420,000.00 million, down from 79.52% to 69.76%. Net profit after non-routine losses is expected to decrease from $1,995,234.15 million a year earlier to $230,000.00 million, down from 88.47% to 82.96%. Basic earnings per share are expected to decline from $10.18/share to $2.09/share to $3.08/share from last year. The company said that the decline in results was mainly due to the cyclical impact of the lithium industry, a slowdown in terminal...Show More