Ganfeng Lithium reports losses amid industry downturn, plans dividend
Ganfeng Lithium (HKEX: 1772) reported a net loss attributable to owners of the parent of RMB 2.07 billion for the year ended December 31, 2024, a stark contrast to the RMB 4.98 billion profit in the previous year. The company’s revenue also declined sharply to RMB 18.73 billion, a 42.9% decrease year-over-year, driven by adjustments in the global lithium market and pricing pressures on lithium salts and battery products. Despite the challenging financial performance, Ganfeng Lithium is proposing a cash dividend of RMB 0.15 per share, subject to shareholder approval at the Annual General Meeting (AGM) scheduled for June 25, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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