Mergers and Acquisitions - Chongqing Water announced the acquisition of 100% equity of Chongqing Yujing Water for 354 million yuan, which does not constitute a major asset restructuring [1] - Wanlong Magnetic Plastic plans to acquire 100% equity of Taizhou Tianen Electronics for 236 million yuan, focusing on glass products for home appliance components [2] - Tailin Micro is planning to purchase all or part of the equity of Shanghai Panqi Microelectronics through a combination of share issuance and cash payment, with the transaction expected not to constitute a major asset restructuring [3] Performance Disclosure - Jiu Gui Jiu reported a 92.6% year-on-year decline in net profit attributable to shareholders, with revenue of 561 million yuan, down 43.54% [4] - Ping An Bank's net profit attributable to shareholders decreased by 3.9% year-on-year, with revenue of 69.385 billion yuan, down 10% [5] - Ganfeng Lithium reported a net loss of 531 million yuan, with revenue of 8.376 billion yuan, down 12.65% [6] - China CNR announced a 72.48% year-on-year increase in net profit attributable to shareholders, with revenue of 119.758 billion yuan, up 32.99% [7] Shareholding Changes - Xin Qiang Lian's controlling shareholders plan to reduce their holdings by up to 2.3385 million shares and 4.677 million shares, respectively [8] - Changjiang Electric's controlling shareholder plans to increase its holdings in the company by no less than 4 billion yuan and no more than 8 billion yuan within the next 12 months [9] Risk Matters - Huayang Lianzhong will be subject to other risk warnings starting August 26, with its stock name changing to ST Huayang [10]

Core Viewpoint - Ganfeng Lithium plans to integrate its lithium salt lake resources in Argentina, which is expected to positively impact the company's financial status and operational results [1][2] Group 1: Resource Integration - Ganfeng International and Lithium Argentina AG will consolidate the PPG, PG, and Puna lithium salt lake projects under Millennial Lithium Corp, with Ganfeng International holding 67% and LAR holding 33% [1][2] - The integration aims to create a unified development system for high-quality assets, enhancing resource utilization and capital efficiency, thereby strengthening the company's competitive edge [2][3] Group 2: Project Details - The PPG project includes Pozuelos Salar and Pastos Grandes, covering 10,787 hectares and 2,683 hectares respectively; the Puna project spans 10,952 hectares and is currently in the technical due diligence phase; the PG project has a total area of approximately 24,000 hectares [3] - Millennial, previously a wholly-owned subsidiary of LAR, will become the holding entity for the PPG, Puna, and PG projects after the integration [3] Group 3: Financial Support - Ganfeng Lithium plans to provide up to $130 million in financial support to LAR over six years to aid in the construction of the lithium product production line, with a planned annual output of 150,000 tons of LCE [5][6] - The financial support will be secured by LAR's equity in Millennial, and while it may lead to cash outflows, it is expected to be manageable within the company's operational framework [6] Group 4: Market Context and Strategy - The global lithium salt lake resources are primarily concentrated in South America, which presents both opportunities and challenges due to environmental regulations and development complexities [7] - Ganfeng Lithium is focused on cost reduction and efficiency improvement through digitalization and smart tools, while also maintaining a robust financial strategy to manage cash flow pressures [7]

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2025年6月30日止六個月之中期業績公告 及 建議修訂公司章程 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2025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。 – 1 – 財務資料 中 期簡明綜合損益表 截 至2025年6月30日止六個月 | | 附 註 | 2025年 | 2024年 | | --- | --- | --- | --- | | | | （未 經 審 計） | （未 經 審 計） | | | | 人民幣千元 | 人民幣千元 | | 收 益 | 4 ...

格隆汇8月22日丨赣锋锂业(002460.SZ)公布2025年半年度报告，上半年公司实现营业收入83.76亿元，同 比下降12.65%；归属于上市公司股东的净利润-5.31亿元；归属于上市公司股东的扣除非经常性损益的 净利润-9.13亿元；基本每股收益-0.27元。 ...

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]