Ganfeng Lithium reports mixed Q3 results: profits up, non-recurring losses grow

Ganfeng Lithium reported total operating revenue of 14.62bn yuan for the first nine months of 2025. Net profit attributable to shareholders for the reporting period surged by 364.02% year-on-year to 556.76m yuan. However, net profit attributable to shareholders after deduction of non-recurring gains and losses fell by 163.43% to -941.98m yuan. Basic and diluted earnings per share were 0.28 yuan, up 366.67% from the previous year.

Total assets grew 9.29% to 110.20bn yuan as of September 30, 2025, compared to year-end 2024. Owner's equity attributable to shareholders, however, experienced a slight decrease of 0.38% to 41.62bn yuan. Net cash flow from operating activities was -429.10m yuan, representing a 110.45% decrease year-on-year.

Key changes in financial indicators include a 38.04% increase in monetary fund due to H-share and convertible bond placements, and a 186.02% rise in prepayments for materials. Derivative financial liabilities saw a dramatic 3794.31% increase, primarily from H-share convertible corporate bonds. The third quarterly report has not been audited.