Ganfeng Lithium reports revenue and profit decline in first half 2025

Ganfeng Lithium's operating revenue for the first half of 2025 decreased by 13.3% to RMB8,257,668 thousand, compared to RMB9,524,822 thousand in the same period of 2024. Gross profit also saw a decline of 16.2% to RMB890,274 thousand. The loss attributable to owners of the parent company amounted to RMB536,213 thousand, a 29.4% decrease from the RMB759,135 thousand loss reported in H1 2024, resulting in a basic and diluted loss per share of RMB0.27.

The decline in revenue was primarily attributed to the cyclical impact of the lithium industry, which led to a decrease in the sales prices of lithium salt and lithium battery products during the reporting period. The Group's total assets increased by 6.7% to RMB107,589,680 thousand, while net assets decreased by 6.3% to RMB44,594,910 thousand as of June 30, 2025, compared to the end of last year.

In strategic developments, the company is expanding production capacity for lithium products and is actively advancing projects like the Mariana lithium salt-lake project and the Goulamina spodumene project. The first phase of the Goulamina spodumene project officially commenced production, and efforts are being actively accelerated to ramp up capacity. The company aims to further strengthen its market position and technological leadership in the lithium industry.