Core Viewpoint - Ganfeng Lithium (002460.SZ) reported a decline in revenue and net profit for the first half of 2025, indicating challenges in the lithium industry [1] Financial Performance - The company achieved operating revenue of 8.376 billion yuan, a year-on-year decrease of 12.65% [1] - The net profit attributable to shareholders of the listed company was -531 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -913 million yuan [1] - Basic earnings per share were -0.27 yuan [1]

Core Insights - Ganfeng Lithium's revenue for the first half of 2025 decreased by 12.65% year-on-year, with a net profit of -531 million yuan, showing a 30.13% improvement compared to the previous year [1][4] - The lithium compound business accounted for 56.78% of total revenue, down 27.16% year-on-year, primarily due to falling lithium prices [2][4] - The lithium battery business saw a revenue increase of 9.89% year-on-year, contributing to 35.52% of total revenue [2][4] Financial Performance - Total revenue for the reporting period was 8.38 billion yuan, compared to 9.59 billion yuan in the same period last year [1][4] - The net profit attributable to shareholders was -531 million yuan, an improvement from -760 million yuan year-on-year [1][4] - The net cash flow from operating activities decreased by 92.38% to 300 million yuan [1][4] Market Conditions - The global lithium salt industry faced significant adjustments, with lithium compound prices dropping from 850-900 USD/ton at the beginning of the year to 620-640 USD/ton by June, a decline of 25%-31% [2] - Despite these challenges, the company maintained a gross margin of 8.36% through technological upgrades and process optimization [2] Resource and Technology Developments - The company has over 60 million tons of lithium resources, with projects in Mali and Argentina ramping up production [3][5] - The solid-state battery technology has made significant advancements, with high energy density batteries ranging from 320-550 Wh/kg [6] - The company expects a resource self-sufficiency rate of over 50% by 2025, which is significantly higher than the industry average [3][5]

Core Viewpoint - Ganfeng Lithium (002460)(01772) reported a significant decline in revenue and a narrowed net loss for the first half of 2025, reflecting the challenges faced in the global lithium salt industry due to market fluctuations and changes in supply-demand dynamics [1] Financial Performance - The company achieved a revenue of 8.376 billion RMB, representing a year-on-year decrease of 12.65% [1] - The net loss attributable to shareholders was 531 million RMB, which is a 30.13% improvement compared to the previous year [1] - The basic loss per share was 0.27 RMB [1] Industry Context - The global lithium salt industry experienced a deep adjustment in the first half of 2025, influenced by shifts in supply-demand patterns and volatility in lithium product prices [1] - The decline in sales prices of lithium salt and lithium battery products contributed to the company's decreased operational performance compared to the previous year [1]

Core Viewpoint - Ganfeng Lithium (01772) reported a decline in revenue and a narrowed net loss for the first half of 2025, reflecting the challenges faced in the global lithium salt industry due to market fluctuations and changes in supply-demand dynamics [1] Financial Performance - The company achieved a revenue of 8.376 billion RMB, representing a year-on-year decrease of 12.65% [1] - The net loss attributable to shareholders was 531 million RMB, which is a 30.13% improvement compared to the previous year [1] - Basic loss per share was reported at 0.27 RMB [1] Industry Context - The global lithium salt industry experienced a significant adjustment in the first half of 2025, influenced by shifts in supply-demand balance and volatility in lithium product prices [1] - The decline in sales prices of lithium salt and lithium battery products contributed to the company's decreased operational performance compared to the previous year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：1772） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B 條 刊 發。 根據中華人民共和國的有關法例規定，江西贛鋒鋰業集團股份有限公司（「本 公 司」）在 深 圳 證 券 交 易 所 網 站（http://www.szse.cn/）刊 發 了 以 下 公 告。茲 載 列 如 下，僅 供 參 閱。 承董事會命 江西贛鋒鋰業集團股份有限公司 董事長 李良彬 中 國‧江 西 证券代码：002460 证券简称：赣锋锂业 编号：临2025-095 江西赣锋锂业集团股份有限公司 第六届董事会第五次会议决议公告 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"）第六届董 事会 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：1772） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B 條 刊 發。 根據中華人民共和國的有關法例規定，江西贛鋒鋰業集團股份有限公司（「本 公 司」）在 深 圳 證 券 交 易 所 網 站（http://www.szse.cn/）刊 發 了 以 下 公 告。茲 載 列 如 下，僅 供 參 閱。 承董事會命 江西贛鋒鋰業集團股份有限公司 董事長 李良彬 中 國‧江 西 二 零 二 五 年 八 月 二 十 二 日 於本公告日 期，董事會成員包括本公司執行董事李良彬先 生、王曉申先 生、沈海博先 生、黃婷女士及李承霖先 生；本公司非執行董事羅榮女 士； 以及本公司獨立非執行董事王金本先 生、黃浩鈞先 生、徐一新女士及徐 光華先 生。 江西赣锋锂业集团股份有 ...

Core Insights - Ganfeng Lithium (002460.SZ) reported a revenue of 8.376 billion yuan for the first half of 2025, representing a year-on-year decrease of 12.65% [1] - The net loss attributable to shareholders narrowed by 30.13% to 531 million yuan, while the net loss excluding non-recurring items expanded by 469.14% to 913 million yuan [1] - Basic loss per share was 0.27 yuan [1] Production and Capacity - The Sichuan Ganfeng lithium salt project achieved production line debugging in the first half of the year, with capacity gradually being released [1] - The first phase of the Qinghai Ganfeng project, with an annual production capacity of 1,000 tons of lithium metal, is in trial production, aiming for safety acceptance application in September and expected to reach full capacity by the end of the year [1] - The battery-grade lithium sulfide production line is gradually releasing capacity, with product specifications of ≥99.9% purity and D50 ≤ 5μm, meeting the technical requirements for high-conductivity solid electrolyte materials [1] Product Development - The company completed the development of a solid-state 304Ah square energy storage solid-state battery, which significantly outperforms traditional liquid batteries in safety, low-temperature performance, and storage performance [1] - Plans are in place to launch solid-state 314Ah and 392Ah batteries by the end of this year, featuring notable advantages such as fire resistance at 180°C and a capacity retention rate of 95% at -20°C [1]

江西赣锋锂业集团股份有限公司 2025 年半年度财务报告 财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：江西赣锋锂业集团股份有限公司 2 江西赣锋锂业集团股份有限公司 2025 年半年度财务报告 | 应付股利 | 302,575,166.85 | | | --- | --- | --- | | 应付手续费及佣金 | | | | 应付分保账款 | | | | 持有待售负债 | | | | 一年内到期的非流动负债 | 8,373,793,066.57 | 6,958,847,086.78 | | 其他流动负债 | 803,868,547.28 | 771,706,255.57 | | 流动负债合计 | 38,023,611,864.99 | 31,669,917,651.04 | | 非流动负债： | | | | 保险合同准备金 | | | | 长期借款 | 16,780,585,044.12 | 15,258,660,651.21 | | 应付债券 | 1,149,380,233.65 | 354, ...

附件 江西赣锋锂业集团股份有限公司2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 1 单位：人民币万元 | 其它关联资金往来 | 资金往来方名称 | 往来方与上市公 | 上市公司核算的 | 2025 年期初占 | 2025 年 1-6 月占用累 | 2025 年 1-6 月往 | | 2025 年 1-6 月 | 2025 年 6 月期末 | | 往来性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 司的关联关系 | 会计科目 | 用资金余额 | 计发生金额（不含利 息） | 来资金的利息(如 有) | 汇率影响 | 偿还累计发生 金额 | 占用资金余额 | 往来形成原因 | | | | 青海良承矿业有限公司 | 子公司 | 其他应收款 | 469,912.06 | 30,050.00 | | | 158,000.00 | 341,962.06 | 资金往来 | 非经营性往来 | | | 丰城赣锋锂业有限公司 | 子公司 | 其他应收款 | 170,867.99 | 137,2 ...

江西赣锋锂业集团股份有限公司 章程修订对照表 | 修订前章程 | 修订后章程 | | --- | --- | | 目录 | 目录 | | 注: 在本章程条款旁注中, "《公司法》"指《中华 | 删除 | | 人民共和国公司法》; "香港上市规则"指《香港联 | | | 合交易所有限公司证券上市规则》; "香港上市规 | | | 则附录 3"指《香港联合交易所有限公司证券上市 | | | 规则》之附录 3; "香港上市规则附录 13D "指《香 | | | 港联合交易所有限公司证券上市规则》之附录 13 | | | 中的第 D 部分; "香港上市规则附录 14 "指《香港 | | | 联合交易所有限公司证券上市规则》之附录 14 | | | 《企业管治守则》及《企业管治报告》; "《章程 | | | 指引》"指《上市公司章程指引》。 | | | 第一条 为维护江西赣锋锂业集团股份有限 | 第一条 为维护江西赣锋锂业集团股份有限 | | 公司(以下简称"公司"或"本公司")、股东及债 | 公司(以下简称"公司"或"本公司")、股东、职 | | 权人的合法权益, 规范公司的组织和行为, | 工及债权人的合法权益, ...