Ganfeng Lithium Group (01772) announced its annual performance with a net loss of 2.069 billion yuan attributable to shareholders, a turnaround from profit to loss compared to the previous year.

Ganfeng Lithium Group (01772) released its annual performance for the year ending December 31, 2024, with revenue of 18.726 billion yuan, a decrease of 42.93% year-on-year; shareholders' net loss was 2.069 billion yuan, compared to shareholders' net profit of 4.983 billion yuan in the same period last year; basic loss per share was 1.03 yuan. The announcement stated that the decrease in total income was mainly due to the deep adjustment of the global lithium salt industry during the reporting period, the impact of the change in supply and demand pattern, and the volatility of the lithium product market, leading to a decrease in the sales prices of lithium salt and lithium battery products.