Gasgoo Munich- Ganfeng Lithium Group Co. Ltd. is poised to return to profitability in the first half of 2026. The Chinese lithium giant released its interim earnings forecast recently, projecting positive operating results and a full reversal from last year’s losses.
Specifically, net income attributable to shareholders is expected to range between 3.65 billion yuan and 4.6 billion yuan. This represents a significant turnaround from a loss of 531 million yuan a year earlier—an increase of 787.07% to 965.90%. Excluding non-recurring items, profit is forecast at 3 billion yuan to 4.2 billion yuan, compared with a prior loss of 913 million yuan, an increase of 428.64% to 560.10%. Basic earnings per share are projected at 1.75 yuan to 2.20 yuan, reversing a loss of 0.27 yuan per share. These figures are preliminary calculations by the finance department and have not yet been audited.
Image Source: Company announcement screenshot
Ganfeng Lithium attributed the surge to two main drivers. On the operational side, the rapid expansion of the global new energy sector boosted downstream demand, lifting selling prices for lithium compounds compared with a year ago. At the same time, the gradual release of capacity at lithium resource projects helped optimize the cost structure. Additionally, a sustained boom in energy storage demand significantly lifted production and sales in the battery division. On the financial side, the company bolstered its balance sheet by selling part of its stake in PLS Group Ltd. (PLS) during the period, booking corresponding investment gains. Increased returns from associates and joint ventures further boosted the bottom line.
Ganfeng Lithium cautioned that these figures are preliminary estimates. Final financial data will be confirmed in its 2026 semi-annual report, and the company advised investors to be mindful of the associated risks.
