01772 GANFENGLITHIUM
GANFENGLITHIUM News
Ganfeng Lithium's Profit Down in 2023
Ganfeng Lithium (HKG:1772, SHE:002460) recorded a 76% decline in attributable profit for the year ended Dec. 31, 2023, to 4.98 billion yuan from 20.5 billion yuan in 2022, according to the company's a
贛鋒鋰業：2023年年報
Changes in Hong Kong stocks | Ganfeng Lithium (01772) rebounded by more than 4%, and Daiwa said that Tianqi Lithium's huge losses were unrelated to Ganfeng Lithium's own problems
Ganfeng Lithium (01772) rebounded by more than 4%. As of press release, it rose 2.59% to HK$21.8, with a turnover of HK$62.1697 million.
Changes in Hong Kong stocks | Ganfeng Lithium (01772) falls by more than 6%, lithium price prospects tend to weaken, institutions lower company earnings estimates
Ganfeng Lithium (01772) fell by more than 6%. As of press release, it fell 5.17% to HK$21.1, with a turnover of HK$270,181 million.
Ganfeng Lithium Group Co., Ltd.'s (SZSE:002460) Shares May Have Run Too Fast Too Soon
With a median price-to-sales (or "P/S") ratio of close to 2x in the Chemicals industry in China, you could be forgiven for feeling indifferent about Ganfeng Lithium Group Co., Ltd.'s (SZSE:002460) P/
Changes in Hong Kong stocks | Lithium battery stocks fall collectively, Yabao's latest lithium auction discount agency says the pattern of excess supply and demand for lithium carbonate remains unchanged throughout the year
Lithium stocks declined collectively. As of press release, Ganfeng Lithium (01772) fell 4.77% to HK$21.95; China Airlines (03931) fell 2.68% to HK$13.06; and Tianqi Lithium (09696) fell 2.62% to HK$35.35.
Bank of America Securities: Optimistic about aluminum prices, China's Hongqiao raised the target price to HK$11.5
Bank of America Securities released a research report saying that in the second quarter, the global commodities team updated their metal price forecasts. The macroeconomic and energy transition will drive metal prices, and we are still optimistic about copper and gold. It is expected that by 2025, the price of copper will exceed 10,000 US dollars/ton, and the price of gold will exceed 2,500 US dollars/ounce. The bank is optimistic about aluminum prices and expects China's aluminum demand to increase by 2% in 2024. However, they have a neutral view of lithium and are wary of steel. The bank listed Zijin Mining (02899), Shandong Gold (01787), and China Aluminum (02600) as the preferred metal/mining stocks, and is optimistic
Ganfeng Lithium (01772.HK) held a board meeting on April 29 to review and approve the first quarter report
Gelonghui, April 16, 丨 Ganfeng Lithium (01772.HK) announced that the board meeting will be held on April 29, 2024 (Monday) to review and approve (among other things) the first quarter report of the company and its subsidiaries for the three months ended March 31, 2024 and/or other issues (if applicable).
贛鋒鋰業：董事會會議召開日期
Changes in Hong Kong stocks | Lithium stocks generally fell in early trading Ganfeng Lithium (01772) fell more than 5% Tianqi Lithium (09696) fell more than 3%
Lithium stocks generally declined in early trading. As of press release, Ganfeng Lithium (01772) fell 4.2% to HK$23.9; Tianqi Lithium (09696) fell 2.4% to HK$36.6.
Yamato: Reiterates Ganfeng Lithium's (01772) “Outperform the Market” rating target price drop to HK$29
The Zhitong Finance App learned that Daiwa released a research report stating that it reaffirmed Ganfeng Lithium's (01772) “outperforming the market” rating, and that the company's new low-cost project is expected to bear fruit from 2024 to 2026. However, due to the reduction in the government subsidy forecast, the earnings forecast per share for this year was lowered by 20%, and the target price dropped from HK$29.5 to HK$29. Ganfeng Lithium will disclose its first-quarter results on April 29. The bank estimates that the company's recurring net profit for the first quarter without taking into account one-time impairment was 530 million yuan. Yamato pointed out that although it agreed with Ganfeng Lithium's judgment that as the average selling price of spodumene dropped to less than 1,000 per ton
Changes in Hong Kong stocks | Lithium prices fell more than 70% year on year in the first quarter Ganfeng Lithium (01772) fell more than 4% Tianqi Lithium (09696) fell more than 3%
Lithium stocks generally declined today. As of press release, Ganfeng Lithium (01772) fell 4.45% to HK$25.75; Tianqi Lithium (09696) fell more than 3.14% to HK$38.6.
Ganfeng Lithium (01772.HK) plans to provide financial support to Shenzhen Luyuan Mining through its holding subsidiary Shenzhen China Aviation Resources
Gelonghui, April 11 | Ganfeng Lithium (01772.HK) announced that the 76th meeting of the 5th board of directors resolved. The meeting reviewed and passed the “Proposal on Foreign Financial Assistance by Holding Subsidiaries” with 10 votes in favor, 0 against, and 0 abstentions. The financial support provided by the company is providing financial support to Shenzhen Luyuan Mining Investment Co., Ltd. through its holding subsidiary Shenzhen China Aviation Resources Co., Ltd. Other shareholders of Shenzhen Luyuan Mining Investment Co., Ltd. provided financial support according to their respective investment ratios, mainly for the construction and daily operation of the Bugumasi potash project in the Congo (Brazzaville) in Africa. This financial year
The total cumulative output of power and other batteries in China in the first quarter was 184.6 GWh, a cumulative year-on-year increase of 33.5%
The Zhitong Finance App learned that on April 11, the China Automobile Power Battery Industry Innovation Alliance released monthly power battery information for March 2024.
Ganfeng Lithium (01772.HK) plans to hold 2023 online performance briefing on April 12
Gelonghui, April 9, 丨 Ganfeng Lithium (01772.HK) announced that in order for investors to further understand the company's business situation in 2023, the company is scheduled to hold a 2023 online performance briefing on the “Easy Investment” mini program from 15:00 to 17:00 p.m. on April 12, 2024 (Friday). The online performance briefing will be held remotely via the Internet. Investors can log on to the “Easy Customs Investment” applet to participate in interactive communication. In order to listen widely to investors' opinions and suggestions and solicit questions from investors in advance, the questioning channel was opened from the day the announcement was issued.
Zhitong Hong Kong Stock Short Position Statement Statistics|April 9
Zhitong Hong Kong Stock Short Position Statement | April 9
Lithium Market Struggles to Recover After Epic Boom and Bust
Prices have bottomed out but have struggled to meaningfully rebound, partly because miners, refiners and carmakers are still working through a mound of surplus stock clogging up the supply chain.
Big Bank Ratings | Damo: Seeing the weak stock prices of Tianqi Lithium and Ganfeng Lithium in the second half of the year as an opportunity to absorb the rating “gain”
Morgan Stanley pointed out that China's lithium prices have stabilized, benefiting from expected demand and potential supply blockages since this year. Cathode and battery orders in March beat market expectations, and April orders continued to increase by about 10%, providing support for lithium prices. Coupled with market expectations that production of the raw material lepidomite may be suspended in April due to environment-related investigations, lithium prices have stabilized. The bank believes that there will still be excess lithium supply this year, but the excess situation is shrinking, and lithium prices may face downward pressure when concerns about the blockage of the lepidomite supply end. The bank also said that sales channels showed that the price of carbonates was 80 to 100 yuan per tonne for Chinese lepidophilus and Africa
Lithium battery stocks rose collectively, Ganfeng Lithium (01772) rose 5.98%, and institutions expect to take the lead in releasing solid state in 24-25 and a half years
Jinwu Financial News | Lithium stocks rose collectively. Ganfeng Lithium (01772) rose 5.98%, China Airlines (03931) rose 2.63%, Tianqi Lithium (09696) rose 2.35%, and BYD shares (01211) rose 2.48%. Fangzheng Securities said that the development of the lithium battery industry has entered a new stage, focusing on new technologies such as high nickel/high voltage ternary, lithium manganese phosphate, and semi-solid/solid state lithium batteries; solid-state batteries have safety and energy density advantages; in addition to safety and energy density, solid state batteries have a series of advantages such as high power, excellent low temperature performance, and long cycle life; currently
Changes in Hong Kong stocks | Ganfeng Lithium (01772) rose more than 5% to speed up solid-state battery industrialization. The company previously disclosed that solid-state battery packs have been delivered
Ganfeng Lithium (01772) rose more than 5%. As of press release, it rose 5.38% to HK$26.45, with a turnover of HK$41.0853 million.
Analysis
Price Target
No Data
