On October 15, Ganfeng Lithium announced that in the first three quarters it recorded operating revenue of Yuan 36.159 billion, up 147.24% year on year, and net profit attributable to shareholders of the listed company of Yuan 5.012 billion, up 19,540.50% YoY.
In Q3, operating revenue was Yuan 13.062 billion, up 109.03% YoY, and net profit attributable to shareholders of the listed company was Yuan 755 million, up 35.62% YoY. The earnings growth was mainly attributable to a rebound in selling prices of lithium products and higher sales volume of lithium battery products during the period.
Note: The company's Q3 net profit was Yuan 755 million, compared with Q2 net profit of Yuan 2.42 billion. On that basis, Q3 net profit declined 68% quarter on quarter.
Edited by Cassie Li, lixiangying@mysteel.com
