Gasgoo Munich-Gasgoo has learned that on the evening of March 31, Ganfeng Lithium released its 2025 annual report. The company saw a significant turnaround in operational performance, returning to profitability, while its core business continued to grow steadily.
Financial data reveals that Ganfeng Lithium generated 230.82 billion yuan in revenue for 2025, a 22.08% increase from the previous year. Net profit attributable to shareholders of the listed company reached 16.13 billion yuan—a 177.77% surge compared to the loss of 20.74 billion yuan in 2024. The company's asset base continued to expand, with total assets reaching 113.258 billion yuan, up 12.32%, and net assets attributable to shareholders rising 8.05% to 45.145 billion yuan. Overall, the financials showed a positive trend.
Image Source: Ganfeng Lithium
Breaking down the revenue streams, all of Ganfeng Lithium's business segments posted gains, reflecting an optimized structure. Basic chemical materials remained the foundation, generating 128.76 billion yuan—a 7.16% rise that accounted for 55.79% of total revenue. Meanwhile, the lithium battery and cell business increased 39.63% to 82.34 billion yuan, claiming a 35.67% share and becoming a key growth driver. Other operations nearly doubled, jumping 98.56% to 19.71 billion yuan, or 8.54% of the mix, reflecting successful diversification efforts.
On the global resource front, Ganfeng Lithium made tangible progress across several core projects, boosting its self-sufficiency. The company has submitted an environmental permit application for the Phase II expansion of its Cauchari-Olaroz project in Argentina, targeting 45,000 tons of LCE capacity. In Australia, construction is accelerating on the PPGS project, which is planned for a future capacity of 150,000 tons of LCE. The Mt Marion project is scheduled for a beneficiation upgrade in 2026, positioning it to produce 600,000 tons of 6% high-grade concentrate. Meanwhile, the first phase of the Goulamina project in Mali yielded 336,600 tons (dry) of concentrate over the year. Mengjin Mining is on track to reach full capacity in 2026, and infrastructure development is underway for the 2-million-ton-per-year mining project in Sierra Leone, strengthening the company's global resource position.
The company is also making strides in new energy operations and R&D. Its energy storage business has gained recognition in mainstream European markets, participating in dozens of large-scale power station projects with global utility companies. On the technology front, high-performance cells have achieved an energy density exceeding 193 Wh/kg, and the company has initiated small-batch production of a 10Ah solid-state battery with a 500 Wh/kg energy density. In battery recycling, Ganfeng maintains a leading position for lithium iron phosphate (LFP) recovery, achieving a comprehensive lithium recovery rate of 94% and a nickel-cobalt metal recovery rate of 99%.
Looking ahead, Ganfeng Lithium plans to further boost resource self-sufficiency by prioritizing low-cost lithium assets and expanding production capacity to match downstream demand. The company aims to enter the top tier of the global battery sector by focusing on frontier technologies like solid-state batteries. It also intends to strengthen its recycling operations, leveraging synergies across the entire industrial chain while refining extraction and processing techniques to solidify its technical position in the global lithium industry.
