Ganfeng Lithium (01772) fell by more than 4%. As of press release, it fell 4.03% to HK$23.8, with a turnover of HK$666.385 million.
The Zhitong Finance App learned that Ganfeng Lithium (01772) fell by more than 4%. As of press release, it fell 4.03% to HK$23.8, with a turnover of HK$666.385 million.
According to the news, Ganfeng Lithium will release its 2023 annual results on March 28 (that is, this Thursday). The company previously issued a profit warning. It is expected to achieve net profit of 4.2 billion yuan to 6.2 billion yuan last year, a year-on-year decrease of about 69.76% to 79.52%; net profit without deduction to mother is estimated to be 2.3 billion yuan to 3.4 billion yuan, a year-on-year decrease of about 82.96% to 88.47%. Among them, 23Q4 is expected to achieve net profit attributable to mother - 1.81 billion yuan to 190 million yuan, a year-on-month decrease of 1.97 billion yuan to an increase of 0.3 billion yuan.
Furthermore, according to data released by the Shanghai Steel Federation, battery-grade lithium carbonate fell by 1,000 yuan/ton today, with an average price of 112,500 yuan/ton. Guomao Futures believes that overall, lithium carbonate futures are being hyped up by news, forming favorable expectations, but the fundamentals have not kept up. After the news hype subsides, the market will return to fundamental logic. In the short term, until structural conflicts are resolved, lithium carbonate is still supported, and the funding game intensifies. In the medium to long term, supply and demand for lithium carbonate have both increased, but the pattern of oversupply and demand has not changed.