Ganfeng Lithium Swings to Strong Profit in First Quarter of 2026
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Ganfeng Lithium Co (HK:1772) reported a significant profit rebound in Q1 2026, with operating income up 143.81% year-on-year to RMB 9.20 billion and a net profit of RMB 1.84 billion, reversing previous losses. Earnings per share improved to RMB 0.88, and net cash flow from operations turned positive, indicating stronger demand in the lithium sector. The company's balance sheet showed modest growth in total and net assets, enhancing investor confidence. Analysts currently rate the stock as a Hold with a price target of HK$75.82.
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