HK Stock Market Move | Ganfeng Lithium Group (01772) dropped more than 8% in early trading, with a full-year non-GAAP net loss still amounting to 3 billion to 6 billion yuan.

Ganfeng Lithium Group (01772) fell by over 8% in the morning session, dropping 6.77% to HK$63.3 as of the time of writing, with a trading volume of HK$4.4 billion. On the news front, Ganfeng Lithium Group recently released its annual performance forecast, expecting a net profit of 1.1 billion to 1.65 billion yuan for the full year, a year-on-year increase of 153.04% to 179.56%, compared to a loss of 2.074 billion yuan in the same period last year. It is worth noting that the fair value change income brought about by the price movement of Pilbara Minerals' stock holdings contributed approximately 1.03 billion yuan in profits, with a non-GAAP net loss of 300 million to 600 million yuan during the period. Soochow released a research report stating that the performance in the fourth quarter of 2025 was impressive, with non-GAAP net profit slightly better than expected; the lithium salt shipments in the fourth quarter of 2025 remained flat compared to the previous quarter, with rising prices contributing flexibility. Looking ahead to 2026, the bank expects the company's lithium salt shipments to reach 210,000 tons, a year-on-year increase of 25%, with a self-supplied resource scale of 130,000 to 140,000 tons. Assuming a lithium carbonate price of 150,000 yuan/ton, this could correspond to a profit of over 9 billion yuan.