en.Wedoany.com Reported - China's Jiangxi Ganfeng Lithium Group Co., Ltd. (002460.SZ/01772.HK) released its 2026 semi-annual performance forecast on July 15, 2026. The company expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 3.65 billion yuan and 4.6 billion yuan, achieving a significant turnaround from a loss to a profit, with a year-on-year increase of 787.07% to 965.90%. Net profit after deducting non-recurring gains and losses is expected to be between 3 billion yuan and 4.2 billion yuan. The company's net profit attributable to shareholders in the first quarter was 1.837 billion yuan, based on which the second-quarter net profit is estimated to change by approximately -1% to +50% quarter-on-quarter.
Ganfeng Lithium is a globally leading lithium ecosystem enterprise, with operations covering upstream lithium resource development, midstream lithium salt deep processing, and downstream lithium battery manufacturing and recycling. It is one of the few lithium companies globally with a full industry chain layout of "resources, smelting, and batteries." The company holds abundant lithium ore and salt lake resources in Australia, Argentina, Mexico, Ireland, Mali, and China's Jiangxi, Sichuan, and Qinghai provinces, with its lithium salt production capacity scale firmly positioned in the global first tier.
The announcement indicates that the main reasons for the significant performance growth include: first, benefiting from the rapid development of the global new energy industry, downstream customer demand for lithium salts has increased, and the company's lithium salt product sales prices have risen significantly compared to the same period last year; second, as the company's lithium resource project capacity is gradually released, the cost structure has been effectively optimized; third, the energy storage market demand continues to grow, with a notable increase in lithium battery production and sales volume; fourth, the company recognized investment income from the sale of some shares of PLS Group Ltd (PLS), and investment income from associates and joint ventures also increased. In the first half of 2026, the domestic price of battery-grade lithium carbonate showed a wide range of fluctuations with an upward trend, with an average price range of approximately 149,600 yuan per ton to 177,000 yuan per ton.
In terms of capacity expansion, a research report from Dongwu Securities estimates that the company's annual lithium salt shipments could reach 230,000 tons, a year-on-year increase of 24%. The company stated that it will accelerate the construction of the Goulamina Phase II, CO Phase II, and PPG Salt Lake projects, with long-term attributable equity-owned resources expected to increase to over 250,000 tons. As the lithium price center moves upward and proprietary resources are released, the company's cost advantage is expected to further expand profit margins. Ganfeng Lithium stated that this performance forecast is a preliminary estimate by the company's finance department and has not been audited by an accounting firm. The specific financial data shall be subject to the company's disclosed 2026 semi-annual report.
