Financial Performance - Ganfeng Lithium reported a revenue of RMB 5.2 billion for the first half of 2024, representing a year-on-year increase of 25%[8] - The company achieved a net profit of RMB 1.1 billion, up 30% compared to the same period last year[8] - Revenue decreased by 47.4% to RMB 9,524,822 thousand for the six months ended June 30, 2024[15] - Gross profit fell by 74.1% to RMB 1,062,685 thousand during the same period[15] - Loss attributable to owners of the parent increased by 112.9% to RMB 759,135 thousand[15] - Loss per share was RMB 0.38, representing a 113.0% increase in loss per share[15] - The company reported a revenue of RMB 9,524,822 thousand for the reporting period, a decrease of 47.4% compared to the previous year[46] - The net loss attributable to the parent company for the reporting period was RMB 759,135 thousand, a decline of 112.9% year-on-year[46] - The gross profit margin for the Group was 11.2%, a decrease of 11.5% compared to 22.7% for the six months ended June 30, 2023, primarily due to a significant decrease in major product prices[97] Market Demand and Trends - User data indicates a 15% increase in lithium battery sales, driven by growing demand in the electric vehicle sector[8] - The global demand for lithium resources is expected to reach 1,140,500 tons of LCE in 2024, driven primarily by the new energy vehicle and energy storage industries[34] - The energy storage sector is anticipated to gradually increase its demand for lithium compounds in the future[34] - The growth of demand for new energy vehicles is expected to continue, supported by government policies and technological advancements[36] - The cumulative sales of motive power batteries in China from January to June 2024 amounted to 318.1 GWh, representing a year-on-year growth of 26.6%[36] - Global sales of new energy vehicles from January to June 2024 were approximately 6,836,000 units, reflecting a year-on-year growth of 16%[36] Production Capacity and Expansion Plans - Ganfeng Lithium plans to expand its production capacity by 40% by the end of 2025 to meet increasing market demand[8] - The company is investing RMB 500 million in R&D for new lithium extraction technologies aimed at improving efficiency by 20%[8] - The company is expanding production capacity through technological upgrades and new production lines to meet the growing market demand for lithium products[47] - The designed production capacity for lithium hydroxide is 81,000 tons/year, with additional capacities for lithium carbonate and other lithium products[56] - The Cauchari-Olaroz lithium salt lake project in Argentina has ramped up production to approximately 70% of its designed capacity, with plans to produce 20,000 to 25,000 tons of lithium carbonate in 2024[58] Strategic Partnerships and Acquisitions - Ganfeng Lithium has entered into a strategic partnership with a leading electric vehicle manufacturer to supply lithium hydroxide, expected to generate an additional RMB 1 billion in revenue annually[8] - The company is exploring potential acquisitions in the lithium mining sector to enhance its resource base and market position[8] - The Company holds a 60% stake in Mali Lithium, gaining control over the Goulamina spodumene project, which is nearing completion of its flotation production line[58] - On May 7, 2024, GFL International agreed to acquire 40% of Mali Lithium B.V. for no more than USD342.7 million[126] Research and Development - The company aims to enhance its competitiveness and solidify its industry position as a leading enterprise in the lithium compound deep-processing business[34] - The company is actively engaged in R&D of solid-state battery technology and has developed a high-safety, high-specific energy solid-liquid hybrid lithium power battery for electric vehicles[77] - The company aims to enhance its research and development capabilities by improving lithium extraction methods and high purity lithium processing techniques[82] - The Company has achieved trial production of an ultra-thin oxide electrolyte ceramic membrane with a thickness of 50μm and ionic conductivity of 0.6mS/cm[66] Financial Management and Capital Expenditure - The Group's capital expenditure primarily consisted of additions to property, plant, equipment, investment properties, prepayment of leasehold land, and intangible assets[11] - The company will strictly control capital expenditure on future resource projects to manage cyclical fluctuations and risks in the lithium industry[72] - The Group's gearing ratio as of 30 June 2024 was 46%, an increase of 3% from 31 December 2023[14] Employee and Shareholder Incentives - The Employee Stock Ownership Plan was approved by shareholders on June 15, 2022, with a term of 72 months[166] - The total number of eligible participants for the 2023 Grant included 4 connected persons and 68 independent third parties[137] - The RSU Scheme aims to reduce agency costs and enhance the overall performance of the company[165] - The total amount of fund for the Employee Stock Ownership Plan is capped at 320 million units, with each unit valued at RMB 1[184] Environmental and Sustainability Efforts - The company is committed to resource protection and reducing carbon emissions to achieve sustainable growth[83] - The company aims to secure high-quality and stable lithium resources for long-term sustainable growth, focusing on global resource layout and low-cost resource extraction[72]

公司将根据市场情况及公司资金需求情况择机实施相关发行事 宜，并及时履行信息披露义务。敬请广大投资者理性投资，注意投资 风险。 特此公告。 江西赣锋锂业集团股份有限公司 证券代码：002460 证券简称：赣锋锂业 编号：临2024-084 江西赣锋锂业集团股份有限公司 关于中期票据和短期融资券获准注册的公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，无 虚假记载、误导性陈述或者重大遗漏。 江西赣锋锂业集团股份有限公司（以下简称"公司"）于2024 年3月28日召开第五届董事会第七十五次会议审议通过《关于申请发 行境内外债务融资工具一般性授权的议案》，并获得公司2023年年度 股东大会审议通过。为优化债务结构、拓宽融资渠道、降低融资成本， 进一步满足公司业务发展需要，公司向中国银行间市场交易商协会 （以下简称"交易商协会"）申请注册不超过50亿元（含）人民币的 中期票据和不超过15亿元（含）人民币的短期融资券。具体内容详见 公 司 于 2024 年 8 月 27 日 在 《 证 券 时 报 》 及 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的《关于拟发行中期票据和短期 ...

证券代码：002460 证券简称：赣锋锂业 编号：临2024-079 江西赣锋锂业集团股份有限公司 第五届董事会第八十三次会议决议公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，无 虚假记载、误导性陈述或者重大遗漏。 江西赣锋锂业集团股份有限公司（以下简称"公司"）第五届董 事会第八十三次会议于2024年9月23日以电话或电子邮件的形式发出 会议通知，于2024年9月26日以现场和通讯表决相结合的方式举行。 会议应出席董事10人，实际出席董事10人，会议由董事长李良彬先生 主持，会议符合《公司法》及《公司章程》的规定。会议审议了所有 议案，一致通过以下决议： 一、会议以 10 票赞成，0 票反对，0 票弃权，审议通过《关于共 同投资设立南昌市新能源科技产业投资基金（有限合伙）的议案》； 本次投资有利于公司借助专业机构的资源和优势，提高公司资本 运作效益，完善公司新能源产业链布局，提升公司整体竞争实力和盈 利能力，为公司产业整合提供支持，符合公司长远发展目标。综上， 同意授权经营层办理相关手续，并签署相关法律文件。 临 2024-081 赣锋锂业关于共同投资设立南昌市新能源科技产业 投资基金（有限合 ...

证券代码：002460 证券简称：赣锋锂业 编号：临2024- 082 江西赣锋锂业集团股份有限公司 关于注销部分股票期权的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 江西赣锋锂业集团股份有限公司（以下简称"公司"）于 2024 年 9 月 26 日召开的第五届董事会第八十三次会议和第五届监事会第五 十七次会议，审议通过了《关于注销部分股票期权的议案》，现将相 关情况内容公告如下： 一、2022 年股票期权激励计划已履行的相关审批程序 1、2022 年 5 月 25 日，公司召开第五届董事会第四十二次会议, 审议通过了《关于<公司 2022 年股票期权激励计划（草案）>及其摘 要的议案》、《关于<公司 2022 年股票期权激励计划实施考核管理办 法>的议案》、《关于提请股东大会授权董事会办理公司 2022 年股票 期权激励计划相关事宜的议案》等相关议案。 2、2022 年 5 月 25 日，公司召开第五届监事会第三十一次会议， 审议通过了《关于<公司 2022 年股票期权激励计划（草案）>及其摘 要的议案》、《关于<公司 2022 年股票期权激励计划实施 ...

北京市汉坤律师事务所 关于 汉坤（证）字[2024]第[27422-11]-O-5 号 中国北京市东长安街 1 号东方广场 C1 座 9 层 100738 电话：(86 10) 8525 5500；传真：(86 10) 8525 5511 / 8525 5522 北京 上海 深圳 香港 海口 武汉 新加坡 纽约 www.hankunlaw.com 江西赣锋锂业集团股份有限公司 北京市汉坤律师事务所 注销部分股票期权的 关于江西赣锋锂业集团股份有限公司 法律意见书 注销部分股票期权的 法律意见书 汉坤（证）字[2024]第[27422-11]-O-5 号 北京市汉坤律师事务所（以下简称"本所"）接受江西赣锋锂业集团股份有限 公司（以下简称"公司"）的委托，担任公司法律顾问并就公司注销部分2022年股 票期权激励计划股票期权所涉及的相关事项，出具本法律意见书。 本所及经办律师根据《中华人民共和国证券法》《中华人民共和国公司法》 《上市公司股权激励管理办法》《律师事务所从事证券法律业务管理办法》以及 《律师事务所证券法律业务执业规则（试行）》等法律、法规和中国证监会的相 关规定，及本法律意见书出具日以前已经发生或者 ...

证券代码：002460 证券简称：赣锋锂业 编号：临2024-083 江西赣锋锂业集团股份有限公司 关于控股子公司签署股权合作协议的公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，无 虚假记载、误导性陈述或者重大遗漏。 一、协议签署概况 江西赣锋锂业集团股份有限公司（以下简称"公司"）于2024 年7月与南京公用发展股份有限公司(以下简称"南京公用"或"甲 方")、南京环境集团有限公司（以下简称"环境集团"或"丙方"） 签署《战略合作协议》。三方拟组建合资公司，注册资本10,000万元， 其中公司或其控股主体占股35%，公用发展或其控股主体占股35%， 环境集团或其控股主体占股30%。（详见公告编号：临2024-054） 近日，公司全资子公司江西赣锋循环科技有限公司旗下控股子公 司江苏赣锋循环科技有限公司（以下简称"赣锋循环"或"乙方"） 拟与南京公用、环境集团签署《股权合作协议》，三方拟共同投资设 立南京公用赣锋循环科技有限公司（暂定名，最终以市场监督管理部 门核准登记注册为准，以下简称"合资公司"），以充分发挥各自的 专业、资源优势，围绕动力电池综合利用项目推进循环经济产业布局。 合资公司注册 ...

证券代码：002460 证券简称：赣锋锂业 编号：临 2024-080 江西赣锋锂业股份有限公司 第五届监事会第五十七次会议决议公告 本公司及其董事会、监事会全体成员保证公告内容真实、准确和 完整，无虚假记载、误导性陈述或者重大遗漏。 经审核，监事会认为公司本次注销部分股票期权相关事项，符合 《上市公司股权激励管理办法》等相关法律法规及公司《2022 年股 票期权激励计划（草案）》的相关规定，履行了必要的审议程序，不 存在损害公司及全体股东利益的情况。我们同意公司注销由于个人原 因离职导致的已获授但未获准行权的部分股票期权及注销 2022 年股 票期权激励计划第一个行权期到期未行权的股票期权。 临 2024-082 赣锋锂业关于注销部分股票期权的公告刊登于同日 巨潮资讯网 http://www.cninfo.com.cn。 特此公告。 江西赣锋锂业集团股份有限公司 监事会 2024 年 9 月 27 日 江西赣锋锂业集团股份有限公司（以下简称"公司"）第五届监事 会第五十七次会议于 2024 年 9 月 23 日以电话及电子邮件的形式发出 会议通知，于 2024 年 9 月 26 日以现场和通讯表决相结合的方 ...

证券代码：002460 证券简称：赣锋锂业 编号：临2024-081 江西赣锋锂业集团股份有限公司 关于共同投资设立南昌市新能源科技产业投资基金（有限合伙） 的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 一、本次对外投资概述 1、江西赣锋锂业集团股份有限公司（以下简称"公司"、"赣 锋锂业"）于2024年9月26日召开的第五届董事会第八十三次会议审 议通过了《关于共同投资设立南昌市新能源科技产业投资基金（有 限合伙）的议案》，同意公司以自有资金36,750万元人民币与五矿 金通股权投资基金管理有限公司（以下简称"五矿金通"）、井冈 山新世纪私募基金管理有限公司（以下简称"井冈山新世纪"）、 江西长业投资管理有限公司（以下简称"长业投资"）、五矿金鼎 投资有限公司（以下简称"五矿金鼎"）、南昌市现代产业引导基 金（有限合伙）（以下简称"南昌现代产业基金"）共同投资设立 南昌市新能源科技产业投资基金（有限合伙）（暂定名，最终以市 场监督管理部门登记名称为准，以下简称"南昌新能源基金"或 "合伙企业"）。授权经营层办理相关手续，并签署相关法律文 件。 5、注册 ...

Investment Rating - The report maintains an "Accumulate" rating for Ganfeng Lithium [2] Core Views - The decline in lithium prices has negatively impacted the company's profitability, with a shift from profit to loss in the first half of 2024, primarily due to falling lithium salt prices [2][4] - The company is making steady progress in expanding its production capacity in the lithium battery sector, which is expected to drive future growth [2][3] Summary by Sections Financial Performance - In the first half of 2024, the company reported a revenue of 9.589 billion yuan, a year-on-year decrease of 47.16%, and a net profit attributable to shareholders of -760 million yuan, marking a shift from profit to loss [2][4] - The average price of battery-grade lithium carbonate in the first half of 2024 was 103,700 yuan per ton, a year-on-year decline of 68.44% [2] - The company's lithium battery business achieved a gross profit of 267 million yuan in the first half of 2024, down 66.33% year-on-year [2] Production Capacity and Expansion - The company has a lithium compound production capacity exceeding 200,000 tons per year, with plans to expand to over 600,000 tons by 2030 [4][5] - Ongoing projects include the Goulamina lithium spodumene project and the Cauchari-Olaroz salt lake project, which are expected to enhance the company's self-sufficiency in lithium raw materials [4][5] Market Outlook - The report anticipates continued pressure on lithium salt prices due to an oversupply in the market, with expectations of sustained price declines in the medium term [5] - The company's net profit forecasts for 2024-2026 are -770 million, 1.054 billion, and 1.938 billion yuan, respectively, reflecting adjustments based on expected price fluctuations [4][5]

Investment Rating - The report maintains a "Recommended" rating for the company [1][2] Core Views - The company reported a significant decline in revenue and net profit for the first half of 2024, with revenue at 9.59 billion and a net loss of 760 million, reflecting a year-on-year decrease of 47.2% and 113.0% respectively [2] - The second quarter showed a slight improvement in profitability, with a net loss of 320 million, which is a reduction of 120 million from the previous quarter [2] - The company is expected to improve its profitability in the second half of the year as its own low-cost salt lake projects begin to ramp up production [2] Financial Forecast and Key Metrics - Revenue projections for 2023A, 2024E, 2025E, and 2026E are 32,972 million, 17,631 million, 18,376 million, and 22,797 million respectively, with growth rates of -21.2%, -46.5%, 4.2%, and 24.1% [1][6] - The net profit attributable to the parent company is forecasted to be 4,947 million, 142 million, 1,239 million, and 2,096 million for the same years, with growth rates of -75.9%, -97.1%, 774.1%, and 69.2% [1][6] - Earnings per share (EPS) are projected at 2.45, 0.07, 0.61, and 1.04 for the respective years, with corresponding PE ratios of 11, 371, 42, and 25 [1][6] - The company’s comprehensive gross margin improved significantly in Q2 2024, reaching 15.9%, up from 6.2% in Q1 2024 [2] Strategic Insights - The company is focusing on ramping up production from its own resources, with significant projects in Argentina and Mali expected to enhance its cost advantages [2] - The company aims to achieve a lithium product capacity of 300,000 tons by 2030 or earlier, with ongoing projects expected to contribute to this goal [2]