Turning losses into profits! Ganfeng Lithium expects a net profit attributable to shareholders of 1.1 to 1.65 billion yuan in 2025, with changes in fair value contributing over 1 billion yuan | Financial Report News

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Lithium industry leader Ganfeng Lithium expects to achieve a net profit of 1.1 billion to 1.65 billion yuan in 2025, turning from loss to profit year-on-year. However, after deducting non-recurring gains and losses, the company will still have a loss of 300 million to 600 million yuan, and its main business continues to face pressure.

On January 28, Ganfeng Lithium released its earnings forecast:

Net profit attributable to shareholders of the listed company: The net profit for the reporting period is expected to be 1.1 billion to 1.65 billion yuan. During the same period last year, the loss was 2.074 billion yuan, representing an increase of 153.04% to 179.56% year-on-year.Net profit after deducting non-recurring gains and losses: The company is still expected to be in a loss position during the reporting period, with a loss amount ranging from 300 million to 600 million yuan. Last year's loss was 887 million yuan.Basic earnings per share: The profit for the reporting period is expected to be 0.55 yuan/share to 0.82 yuan/share. Last year, the loss was 1.03 yuan/share.

The company stated that the positive turnaround in net profit mainly relies on about 1.03 billion yuan of gains from fair value changes due to the rise in the share price of Pilbara Minerals Limited stock it holds, as well as investment returns from the sale of subsidiary equity. All of these are classified as non-recurring gains and losses.

Financial Asset Volatility Contributes Major Profit

The company also disclosed that according to accounting standards, the convertible corporate bonds issued during the reporting period on the H-share market are designated in their entirety as financial liabilities measured at fair value, with changes recognized in profit or loss. Due to the significant increase in the company's stock price and most bondholders exercising their conversion rights, the company recorded corresponding fair value change losses for the period.

Additionally, the company confirmed corresponding investment returns by transferring part of its equity in its holding subsidiary Shenzhen Yichu Digital Intelligent Energy Group Co., Ltd. and successfully bringing in strategic investors.

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