Financial Performance - The company's revenue for the year ended December 31, 2023, was RMB 32,812,017 thousand, an increase from RMB 28,203,095 thousand in 2022, representing a growth of approximately 16.5%[2] - The gross profit for the year was RMB 4,608,922 thousand, down from RMB 20,364,474 thousand in the previous year, indicating a significant decline of about 77.4%[2] - The net profit for the year was RMB 4,610,985 thousand, compared to RMB 20,460,964 thousand in 2022, reflecting a decrease of approximately 77.5%[2] - The basic earnings per share for the year was RMB 2.47, a decrease from RMB 10.18 in 2022, representing a decline of about 75.7%[2] - The company's pre-tax profit for the year was RMB 5,294,455,000, down from RMB 22,779,081,000 in the previous year, indicating a significant decrease of approximately 76.8%[22] - The company's revenue decreased from RMB 41,370,654 thousand in 2022 to RMB 32,812,017 thousand in 2023, a reduction of 20.7%[96] - Gross profit fell from RMB 20,364,474 thousand in 2022 to RMB 4,608,922 thousand in 2023, a decline of 77.4%[96] - Net profit attributable to shareholders decreased from RMB 20,503,915 thousand in 2022 to RMB 4,982,547 thousand in 2023, a drop of 75.7%[96] Assets and Liabilities - Total non-current assets increased to RMB 63,513,503 thousand in 2023 from RMB 47,193,874 thousand in 2022, marking an increase of approximately 34.5%[4] - Current liabilities rose to RMB 20,271,297 thousand in 2023 from RMB 18,654,925 thousand in 2022, an increase of about 8.7%[5] - Total assets less current liabilities amounted to RMB 71,426,604 thousand in 2023, up from RMB 60,504,985 thousand in 2022, indicating a growth of approximately 17.5%[5] - The total liability of RMB 39,382,039,000 as of December 31, 2023, compared to RMB 30,293,602,000 in 2022, an increase of approximately 30.5%[22] - Total assets as of December 31, 2023, were RMB 91,697,901,000, compared to RMB 79,159,910,000 in 2022, reflecting an increase of about 15.9%[22] Income and Expenses - The company reported other income and gains of RMB 3,059,567 thousand, significantly higher than RMB 1,272,183 thousand in 2022, representing an increase of approximately 140.3%[2] - The financing costs for the year were RMB 784,312 thousand, up from RMB 407,329 thousand in 2022, indicating an increase of about 92.4%[2] - The total other expenses for 2023 amounted to RMB 2,006,111 thousand, a significant increase from RMB 247,400 thousand in 2022, reflecting an increase of approximately 707.5%[41] - Research and development expenses for the year amounted to RMB 1,250,990 thousand, up from RMB 1,007,487 thousand in 2022, indicating an increase of about 24.1%[39] - The current income tax expense for 2023 was RMB 501,634 thousand, a decrease from RMB 2,181,462 thousand in 2022, showing a reduction of about 77.0%[43] Market and Sales Performance - Sales to external customers in the lithium metal and lithium mining resources segment amounted to RMB 25,101,211,000, while lithium compounds and lithium batteries generated RMB 7,710,806,000[25] - Revenue from major customers was approximately RMB 5,943,005,000, down from RMB 7,762,100,000 in 2022, indicating a decline of around 23.4%[26] - The revenue from the Chinese market was RMB 21,831,668,000 in 2023, down from RMB 27,146,039,000 in 2022, a decrease of about 19.5%[25] - The overseas sales segment contributed RMB 10,980,349 thousand, accounting for 33.5% of total revenue[136] Dividends and Shareholder Returns - The proposed final dividend for 2023 is RMB 0.80 per share, down from RMB 1.00 per share in 2022, representing a decrease of 20%[47] - The company intends to distribute a cash dividend of 8 RMB per 10 shares to all shareholders, totaling 2.081 billion RMB from retained earnings[63] - The board proposed a cash dividend of RMB 8 per 10 shares to all shareholders, subject to approval at the annual general meeting[169] Regulatory and Compliance - The group adopted new and revised International Financial Reporting Standards (IFRS) for the financial statements, impacting accounting policies and disclosures[10] - The amendments to IAS 1 require entities to disclose significant accounting policy information, enhancing transparency in financial reporting[11] - The group will disclose known or reasonably estimable information related to Pillar Two tax risks in the consolidated financial statements[12] - The company has not applied any newly issued but not yet effective IFRS in the current financial statements, planning to adopt them when applicable[13] Strategic Initiatives and Future Plans - The company plans to focus on expanding its market presence and investing in new technologies to enhance product offerings and operational efficiency[27] - The company plans to expand production capacity through technological upgrades and new production lines to meet the growing market demand for lithium products[97] - The company aims to secure high-quality and stable lithium resources globally to ensure long-term stable development[120] - The company is actively participating in the development of high-safety, high-energy lithium batteries, including solid-liquid hybrid lithium batteries[123] Research and Development - The company has a professional team of 1,265 researchers, including 5 national-level talents and 176 master's and doctoral graduates, ensuring strong technical innovation capabilities[118] - The company is enhancing its R&D capabilities by collaborating with domestic and international universities and research institutions to develop new products and technologies[127] - The company is leading a national key R&D project focused on the circular economy, expanding the recycling concept from retired lithium batteries to the entire lithium industry chain, promoting green and high-quality development[115] Stock Options and Incentives - The total number of stock options granted under the 2021 Stock Option Incentive Plan was adjusted from 15.794 million to 15.754 million, with the number of participants reduced from 407 to 404[178] - The stock option incentive plan has a maximum validity period of 60 months from the date of grant, with a waiting period before options can be exercised[179] - The exercise price for the stock options granted under the 2021 stock option incentive plan is set at RMB 96.28 per share[181] - A total of 483,000 stock options were canceled due to 12 incentive recipients resigning during the reporting period[182] Legal and Regulatory Challenges - In August 2023, the Mexican mining authority issued a cancellation notice for 9 mining concessions related to the Sonora project, which the company is contesting through administrative review and potential international arbitration[177] - The company plans to seek additional remedies under Mexican or international law, including international arbitration or administrative litigation, following the Mexican Ministry of Economy's decision to uphold the cancellation[177] - In January 2024, the Mexican subsidiary filed an administrative lawsuit to revoke the cancellation of the 9 lithium mining concessions, with the final decision to be made by the Federal Court[177]

Core Viewpoint - Ganfeng Lithium's stock has declined nearly 4%, with a current price of HKD 21.15, following the announcement of a significant expected drop in net profit for 2023, attributed to industry cyclicality and falling lithium prices [1] Financial Performance - The company expects net profit attributable to shareholders for 2023 to be in the range of RMB 4.2 billion to 6.2 billion, representing a year-on-year decline of approximately 69.76% to 79.52% [1] - The expected non-GAAP net profit is projected to be around RMB 2.3 billion to 3.4 billion, indicating a year-on-year decrease of about 82.96% to 88.47% [1] - Basic earnings per share are forecasted to be between RMB 2.09 and 3.08 [1] Industry Context - The decline in performance is primarily due to the cyclical nature of the lithium industry, with a slowdown in terminal demand growth and a significant drop in lithium salt product prices [1] - The price drop of lithium ore, which serves as a raw material for lithium salts and downstream products, has been less severe than that of lithium salts and downstream products, leading to a decrease in the company's gross margin [1] - The company has also made provisions for asset impairment according to accounting standards, contributing to the substantial year-on-year decline in performance [1]

Financial Performance - The company's operating revenue for the third quarter was RMB 7,536,725,354.55, a decrease of 42.77% compared to the same period last year[2]. - Net profit attributable to shareholders was RMB 159,660,470.78, down 97.88% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 239,136,661.31, a decline of 95.91% compared to the previous year[2]. - The basic earnings per share were RMB 0.08, a decrease of 97.87% year-on-year[2]. - The company reported a 74.24% increase in operating costs to $21.21 billion, driven by higher initial raw material inventory levels[8]. - The total revenue for the current period was approximately 6.51 billion, a decrease from 17.23 billion in the previous period, representing a decline of about 62.2%[34]. - Net profit for the current period is approximately 5.88 billion, down from 14.99 billion in the previous period, indicating a decrease of around 60.8%[34]. - The operating profit for the current period is approximately 6.29 billion, compared to 17.21 billion in the previous period, reflecting a decline of about 63.5%[34]. - The total comprehensive income for the current period is approximately 6.82 billion, a decrease from 16.92 billion in the previous period, indicating a decline of around 59.7%[37]. Assets and Liabilities - The company's total assets as of September 30, 2023, were RMB 92,862,318,954.04, representing a 17.31% increase from the end of the previous year[2]. - Total liabilities increased significantly, with short-term borrowings rising by 211.53% to $6.57 billion, reflecting new short-term loans for production operations[6]. - Long-term borrowings increased by 69.13% to $15.45 billion, attributed to new long-term loans for PPG and other projects[7]. - Total liabilities amounted to ¥38.78 billion, up from ¥30.29 billion, indicating a rise of about 28.5%[28]. - The total equity attributable to shareholders reached ¥48.51 billion, up from ¥44.04 billion, reflecting an increase of about 10.6%[28]. Cash Flow - Cash flow from operating activities was negative at RMB -1,369,100,406.14, a decrease of 117.20% compared to the same period last year[2]. - Operating cash flow decreased by 117.20% to -$1.37 billion, primarily due to increased cash payments for goods and related taxes[10]. - The cash flow from operating activities shows a net outflow of approximately 1.37 billion, contrasting with a net inflow of 7.96 billion in the previous period[40]. - Cash flow from investing activities resulted in a net outflow of approximately 7.18 billion, compared to a net outflow of 5.30 billion in the previous period[41]. - Cash flow from financing activities generated a net inflow of approximately 8.13 billion, an increase from 3.94 billion in the previous period[41]. Investments and Acquisitions - The company approved an investment agreement with the local government to develop a lithium battery production project in July 2023[18]. - In July 2023, the company agreed to acquire 70% of the equity of Mengjin Mining, enhancing its resource portfolio[18]. - The company plans to increase its stake in Mali Lithium B.V. with an investment of up to USD 138 million, focusing on mining rights investment[19]. - A cash investment of RMB 1 billion is planned for the acquisition of new registered capital in Chongqing Ruichi Automobile[20]. - The company is implementing an employee stock ownership plan for 2023, aiming to align employee interests with company performance[20]. Other Financial Metrics - The weighted average return on net assets was 0.35%, down 24.34% year-on-year[2]. - The company recorded a government subsidy of RMB 436,627,080.78 during the reporting period, contributing to its financial performance[3]. - Other income surged by 1,261.60% to $990.93 million, mainly due to an increase in government subsidies received[8]. - The company’s other comprehensive income rose by 123.26% to $1.56 billion, mainly due to foreign currency translation differences from exchange rate fluctuations[7]. - The company reported a significant increase in cash received from sales of goods and services, totaling approximately 26.79 billion, compared to 24.89 billion in the previous period, reflecting an increase of about 7.6%[38]. Shareholder Information - The top ten unrestricted shareholders hold a total of 430,520,506 shares, representing a significant portion of the company's equity[15]. - The company has a total of 16,349,805 shares held by Huang Wen, accounting for 0.81% of the total shares[14].

江西贛鋒鋰業集團股份有限公司 Ganfeng Lithium Group Co., Ltd. (於中華人民共和國註冊成立的股份有限公司) (A joint stock company incorporated in the People’s Republic of China with limited liability) 股份代號Stock Code: 1772 中 期 報 告 2023 INTERIM REPORT 目錄 CONTENTS 2 公司資料 Corporate Information 5 釋義 Definitions 8 財務摘要 Financial Highlights 11 管理層討論及分析 Management Discussion and Analysis 67 補充資料 Supplementary Information 71 中期簡明綜合損益表 Interim Condensed Consolidated Statement of Profit or Loss 72 中期簡明綜合全面收益表 Interim Condensed Consolidated Statement of Co ...

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） 截 至2023年6月30日 止 六 個 月 之 中 期 業 績 公 告 江西贛鋒鋰業集團股份有限公司（「本公司」或「公司」）董事（「董事」）會（「董 事會」）謹此公佈本公司及其附屬公司（統稱「本集團」）截至2023年6月30日 止六個月（「報告期」）之簡明綜合未經審計中期業績。 ...

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） 有 關 截 至2022年12月31日 止 年 度 之 年 度 報 告 補 充 公 告 茲提述江西贛鋒鋰業集團股份有限公司（「本公司」，連同其附屬公司，「本 集團」）截至2022年12月31日止年度之年度報告（「2022年報」）。除另有界定 者外，本公告所用之詞彙與2022年報所載者具相同涵義。 採 納 受 限 制 股 份 單 位 計 劃 茲提述2022年報「管理層討論及分析」章節下標題為「報告期間其他重大事項— 採 納 受 限 制 股 份 單 位 計 劃」一 節。董 事 會 謹 此 根 據 香 港 上 市 規 則 第17.09 條 提 供 以 下 有 關 股 東 於2022年6月15日 舉 行 的 本 公 司2021年 股 東 周 年 大 會通過的採納受限制股份單位計劃之概述的額外資料： ...

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） 內 幕 消 息╱海 外 監 管 公 告 2023年 第 一 季 度 報 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13.09(2)條 及第13.10B條的披露義務而作出。 重 要 內 容 提 示： 1. 江 西 贛 鋒 鋰 業 集 團 股 份 有 限 公 司（「公 司」或「本 公 司」）董 事 會（「董 事 會」）、監 事 會 及 其 董 事、監 事、高 級 管 理 人 員 保 證 季 度 報 告 信 息 的 真 實、準 確、完 整，不 存 在 虛 假 記 載、誤 導 性 陳 述 或 重 大 遺 漏，並 就 ...

江 西 贛 鋒 鋰 業 集 團 股 份 有 限 公 司 Ganfeng Lithium Group Co., Ltd. (於中華人民共和國註冊成立的股份有限公司) (A joint stock company incorporated in the People’s Republic of China with limited liability) 股份代號Stock Code: 1772 Ganfeng 江 西 贛 Lithium 鋒 鋰 業 Group 集 團 ...

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） 截 至2022年12月31日 止 年 度 業 績 公 告 本 公 司 董 事 會 欣 然 公 佈 本 公 司 及 其 附 屬 公 司 截 至2022年12月31日 止 年 度之經審計年度財務業績。 ...