CICC raises Ganfeng Lithium Group's target price to HK$58, reiterating its "outperform" rating against the market.

Citi Research released a research report stating that it has raised the target price of Ganfeng Lithium Group (01772) H shares by 65.7%, from HK$35 to HK$58, and also raised the target price of the company's A shares, both of which maintain an "outperform" rating. Ganfeng Lithium Group's performance in the third quarter of 2025 was strong, with increased profits and gross profit margins. Citi Research believes that with further integration of upstream business and positive contributions from the battery business, the performance in the fourth quarter of 2025 will remain positive. Citi Research has slightly adjusted the net profit expectations for 2025/2026 based on the latest financial data, taking into account higher operational expenses.