Ganfeng Lithium announced that its net profit in the first quarter was 2.397 billion yuan, a year-on-year decrease of 32.01%. The company also announced that it intends to acquire 10% equity in Xinyu Ganfeng Mining held by Shanghai Jujingui Enterprise Management Partnership for 360 million yuan. After the transaction is completed, the company will hold 90% equity of Xinyu Ganfeng Mining. Its net profit in Q1 2023 dropped by 58% from 5.709 billion yuan in Q4 2022.
Net Profit of Ganfeng Lithium, One of China’s Top Two Lithium Giants, Slumps in Q1 as Lithium Prices Plunge
- Apr 28, 2023, at 5:41 pm
Ganfeng Lithium announced that its net profit in the first quarter was 2.397 billion yuan, a year-on-year decrease of 32.01%.
