--- title: "Hong Kong Stock Movement: GANFENGLITHIUM rises 10.20%, performance surges nearly tenfold, BlackRock increases holdings" type: "News" locale: "en" url: "https://longbridge.com/en/news/293550683.md" description: "GANFENGLITHIUM rose 10.20%; Tianqi Lithium rose 8.51%, with a transaction amount reaching HKD 206 million; Dongyue Group rose 1.51%, with a transaction amount reaching HKD 61 million; Huabao International rose 0.34%, with a transaction amount reaching HKD 4.62 million; Global New Material International fell 1.92%, with a market value of HKD 9.551 billion" datetime: "2026-07-23T02:57:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293550683.md) - [en](https://longbridge.com/en/news/293550683.md) - [zh-HK](https://longbridge.com/zh-HK/news/293550683.md) --- # Hong Kong Stock Movement: GANFENGLITHIUM rises 10.20%, performance surges nearly tenfold, BlackRock increases holdings **Hong Kong Stock Movement** GANFENGLITHIUM rose 10.20%. Based on recent news, 1. On July 22, the rare metals sector performed actively, with GANFENGLITHIUM rising 4.24%. The lithium battery industry chain's prosperity continues to improve, the industry's fundamentals are warming up, and market expectations for the stabilization and rebound of lithium resource prices have strengthened. Source: Zhitong Finance 2. On July 22, BlackRock's long position in GANFENGLITHIUM's H shares increased from 8.26% to 9.26%. This increase shows institutional confidence in GANFENGLITHIUM's future performance, driving the stock price up. Source: Hong Kong Stock Exchange 3. On July 20, GANFENGLITHIUM forecasted a net profit of 3.65 billion to 4.6 billion yuan for the first half of the year, a year-on-year increase of 787.07% to 965.9%. The company's performance has significantly improved, and market expectations are positive, driving the stock price up. Source: Securities Times. The lithium battery industry chain's prosperity continues to improve, with demand growth. **Stocks with High Trading Volume in the Industry** Tianqi Lithium rose 8.51%. Based on recent key news: 1. On July 20, the solid-state battery industry chain's performance is expected to be positive, with Tianqi Lithium forecasting a significant year-on-year increase in net profit for the first half of the year, driving the stock price up. Tianqi Lithium forecasts a net profit attributable to the parent company of 2.85 billion to 4.25 billion yuan, with a year-on-year increase of 3276.35% to 4934.91%; 2. On July 23, Tianqi Lithium benefited from the development of the new energy industry and the growth of downstream demand, with the average sales price of major lithium products significantly increasing compared to the same period last year, further driving the stock price up. Its investment income from the joint venture SQM also increased significantly, based on Bloomberg's forecast of SQM's second-quarter performance; 3. On July 20, changes in supply and demand in the lithium industry affected futures prices. Although lithium prices continued to decline, Tianqi Lithium's profit expectations improved, and the market is optimistic about its stock price performance. The demand for lithium batteries is expanding, and the market is optimistic. Dongyue Group rose 1.51%, with a trading volume of 61 million Hong Kong dollars, and there has been no significant news recently. Trading is active, and capital flows are evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. Huabao International rose 0.34%. Based on recent news, 1. On July 20, Huabao International repurchased 250,000 shares at a price of HKD 2.86 to 2.87 per share, totaling HKD 717,400. This move shows the company's confidence in its own stock, driving the stock price up. 2. On July 21, Huabao International repurchased another 250,000 shares at a price of HKD 2.88 to 2.90 per share, totaling HKD 723,200. The consecutive repurchases further boosted market confidence, and the stock price continued to rise. 3. On July 22, Huabao International repurchased 250,000 shares for the third time at a price of HKD 2.90 to 2.93 per share, totaling HKD 728,600. The consecutive three days of repurchase actions significantly enhanced investor confidence, driving the stock price up. The market reacted positively to the company's repurchase actions, and the stock price rose **Stocks Ranked Among the Top in Market Capitalization in the Industry** Global New Material International, down 1.92%, with a market capitalization of HKD 9.551 billion, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [01772.HK](https://longbridge.com/en/quote/01772.HK.md) - [09696.HK](https://longbridge.com/en/quote/09696.HK.md) - [00189.HK](https://longbridge.com/en/quote/00189.HK.md) - [00336.HK](https://longbridge.com/en/quote/00336.HK.md) - [06616.HK](https://longbridge.com/en/quote/06616.HK.md) ## Related News & Research - [Ganfeng Lithium Raises RMB500 Million via 2026 Second Tranche Green MTNs](https://longbridge.com/en/news/293602455.md) - [Ganfeng Lithium Signals Sharp Profit Rebound on Strong Demand and Asset Gains](https://longbridge.com/en/news/292643456.md) - [SQM, Wesfarmers commit US$450 million-US$500 million to expand Mt Holland lithium project](https://longbridge.com/en/news/293963342.md) - [Positive Report for Ganfeng Lithium Co (GNENF) from J.P. 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