Understanding the Market | Ganfeng Lithium opened over 7% higher after earnings, with a net profit attributable to shareholders of 25.52 million yuan in the first three quarters, turning a profit compared to the same period last year

Ganfeng Lithium opened over 7% higher after earnings, and as of the time of writing, it rose 7.63% to HKD 50.8, with a trading volume of HKD 41.3918 million. On the news front, on October 29, Ganfeng Lithium announced that for the first three quarters of 2025, the company's operating revenue was RMB 14.625 billion, a year-on-year increase of 5.02%; the net profit attributable to shareholders of the listed company was RMB 25.52 million, compared to a loss of RMB 640 million in the same period last year; basic earnings per share were RMB 0.01. The announcement stated that the company's revenue in the third quarter decreased mainly due to a decline in the sales volume and average selling price of lithium products compared to the same period last year. The increase in net profit was mainly due to the fact that despite the impact of market fluctuations in lithium products, the sales price of the company's lithium products decreased compared to the same period last year, but benefited from the shortened pricing cycle of lithium mines of its holding subsidiary Windfield Holdings Pty Ltd, and the impact of the mismatch in the pricing mechanism of chemical-grade lithium concentrate of its wholly-owned subsidiary Talison Lithium Pty Ltd with the pricing mechanism of the company's lithium chemical products in previous years has significantly weakened