Ganfeng Lithium Reports Major Interim Losses

Ganfeng Lithium Co (HK:1772) has released an update.

Ganfeng Lithium Group Co., Ltd. reported a significant downturn in their latest interim results, with a loss of RMB 1,064,796 for the six months ending June 30, 2024, contrasting sharply with the profit of RMB 5,873,083 in the same period last year. The company’s revenue has almost halved, and increased expenses across the board have contributed to the overall loss. This substantial shift from profit to loss signals a challenging period for the lithium giant.

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