Ganfeng Lithium Group Co Ltd Class A

002460: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥61.50	Spxthvr	Zvkftslwb

Ganfeng Earnings: Still Making Losses, With Margins Pressured by Lithium Price Fall

Vincent Sun

Aug 29, 2024

Narrow-moat Ganfeng’s second-quarter net loss was at the low end of its preliminary announcement and missed our expectation mainly due to weaker-than-expected lithium product selling prices. With the lithium price plunging more than 50% in the second quarter, gross margin remained under pressure, but recovered from a year ago, as the company increased its self-supply of lithium concentrate.

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