Core Viewpoint - DBS maintains a "Buy" rating on Ganfeng Lithium (01772), significantly raising the target price for H-shares from HKD 39 to HKD 83, and for A-shares from RMB 45 to RMB 92, based on a projected P/E ratio of 40 times and a 20% discount of H-shares compared to A-shares [1] Group 1 - Ganfeng Lithium is expected to achieve a net profit between RMB 1.1 billion and RMB 1.65 billion in 2025 [1] - The firm anticipates that lithium prices will remain high until mining permits are obtained for the Jiangxi lithium mine, with profitability in the lithium industry expected to rebound by 2026 [1] - The earnings per share estimate for Ganfeng Lithium has been raised to RMB 1.85 (HKD 2.07) due to increased lithium product prices and profit margins, expansion in battery and energy storage business contributions, and investment income support [1]

星展发表研报指，赣锋锂业预计2025年度净利润将介乎11亿至16.5亿元。该行预期，在江西锂矿获得采 矿许可前，锂价仍将维持高位，相信锂行业的盈利能力将于2026年触底反弹。该行维持赣锋锂业"买 入"评级，以预测市盈率40倍及H股较A股折让两成计，将H股目标价由39港元大幅上调至83港元，A股 目标价则由45元上调至92元。 ...

Core Viewpoint - Ganfeng Lithium recently announced its annual performance forecast, expecting a net profit of 1.1 billion to 1.65 billion yuan, representing a year-on-year increase of 153.04% to 179.56%, compared to a loss of 2.074 billion yuan in the same period last year [3] Group 1: Financial Performance - The company anticipates a significant turnaround in profitability, with a projected net profit range of 1.1 billion to 1.65 billion yuan for the year [3] - The fair value change from the company's holdings in Pilbara Minerals is expected to contribute approximately 1.03 billion yuan to profits, while the non-recurring net profit is projected to be a loss of 300 million to 600 million yuan [3] Group 2: Future Outlook - Dongwu Securities has released a report indicating that the company's performance in Q4 2025 is expected to be strong, with non-recurring net profit slightly exceeding expectations [3] - For 2026, the company is projected to have a lithium salt shipment volume of 210,000 tons, a year-on-year increase of 25%, with a self-supply resource scale of 130,000 to 140,000 tons [3] - Assuming a lithium carbonate price of 150,000 yuan per ton, this could contribute over 9 billion yuan in profit [3]

Core Viewpoint - Ganfeng Lithium's stock experienced a significant decline of over 8% in early trading, currently down 6.77% at HKD 63.3, with a trading volume of HKD 440 million [1] Financial Performance - The company forecasts a net profit of between CNY 1.1 billion and CNY 1.65 billion for the year, representing a year-on-year increase of 153.04% to 179.56%, compared to a loss of CNY 2.074 billion in the same period last year [1] - A notable contribution of approximately CNY 1.03 billion to profit is attributed to fair value changes from the fluctuation in the stock price of Pilbara Minerals, while the non-recurring net profit is expected to show a loss between CNY 300 million and CNY 600 million [1] Market Outlook - Dongwu Securities reported that the performance for Q4 2025 is expected to be strong, with non-recurring net profit slightly exceeding expectations; lithium salt shipments are projected to remain stable quarter-on-quarter, with price increases contributing positively [1] - For 2026, the company is anticipated to achieve lithium salt shipments of 210,000 tons, a year-on-year increase of 25%, with self-supply resources estimated at 130,000 to 140,000 tons; assuming a lithium carbonate price of CNY 150,000 per ton, this could contribute over CNY 9 billion in profit [1]

Core Viewpoint - Ganfeng Lithium's stock experienced a significant decline of over 8% in early trading, currently down 6.77% at HKD 63.3, with a trading volume of HKD 440 million [1] Financial Performance - Ganfeng Lithium recently released its annual earnings forecast, expecting a net profit of between CNY 1.1 billion and CNY 1.65 billion, representing a year-on-year increase of 153.04% to 179.56%, compared to a loss of CNY 2.074 billion in the same period last year [1] - The fair value changes from the company's holdings in Pilbara Minerals contributed approximately CNY 1.03 billion to profits, while the non-recurring net profit is expected to show a loss between CNY 300 million and CNY 600 million [1] Market Outlook - Dongwu Securities published a report indicating that Ganfeng Lithium's performance in Q4 2025 is expected to be strong, with non-recurring net profit slightly exceeding expectations; lithium salt shipments are projected to remain stable quarter-on-quarter, with price increases contributing to profit elasticity [1] - For 2026, the firm anticipates the company's lithium salt shipment volume to reach 210,000 tons, a year-on-year increase of 25%, with self-supply resources estimated at 130,000 to 140,000 tons; assuming a lithium carbonate price of CNY 150,000 per ton, this could contribute over CNY 9 billion in profits [1]

本次出售后，赣锋国际尚持有PLS140,494,971股普通股(包含领式期权交易的部分)，约占截至目前PLS 已发行普通股总数的4.36%。 赣锋锂业（002460）(01772)公布，2026年1月，公司全资子公司GFL International Co.,Ltd(以下简称"赣锋 国际")通过二级市场大宗交易出售PLS Group Ltd(曾用名：Pilbara Minerals Limited，证券代码：PLS， 以下简称"PLS")3219万股普通股，出售金额(扣除交易费用等后)共计约1.6亿澳元。 ...

Core Viewpoint - Ganfeng Lithium (01772) announced the sale of 32.19 million shares of PLS Group Ltd, generating approximately AUD 160 million after transaction costs, while retaining 140,494,971 shares, representing 4.36% of PLS's total issued shares [1] Group 1 - Ganfeng International, a wholly-owned subsidiary of Ganfeng Lithium, executed the sale through secondary market block trading [1] - The sale involved shares of PLS Group Ltd, previously known as Pilbara Minerals Limited, with the stock code PLS [1] - After the sale, Ganfeng International still holds a significant stake in PLS, indicating continued interest in the company [1]

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。 江西贛鋒鋰業集團股份有限公司 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） 承董事會命 董事長 李良彬 中 國‧江 西 二 零 二 六 年 一 月 三 十 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； 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；以及本公司職工董事廖萃女 士。 证 ...

一、交易概述 江西赣锋锂业集团股份有限公司（以下简称"公司"）于 2025 年 10 月 17 日召开第六届董事会第八次会议审议通过了《关于授权处 置公司所持部分股票资产的议案》。为优化公司资产结构，提高资产 运营效率，释放公司部分资产价值，同意董事会授权公司管理层根据 证券市场的情况，适时择机处置公司所持已流通上市的境内外上市公 司股票资产，出售上述资产的总成交金额不超过公司最近一期经审计 归属母公司股东净资产 10%，授权范围包括但不限于交易方式、交易 时机、交易价格、交易数量等的选择或确定，授权期限为本次董事会 审议通过之日起 12 个月内。具体内容详见公司于 2025 年 10 月 18 日 在《证券日报》及巨潮资讯网（http://www.cninfo.com.cn）披露的《关 于授权处置公司所持部分股票资产的公告》（公告编号：2025-122）。 二、交易进展情况 2026 年 1 月，公司全资子公司 GFL International Co.,Ltd（以下简 称"赣锋国际"）通过二级市场大宗交易出售 PLS Group Ltd（曾用 名：Pilbara Minerals Limited，证券代码 ...

赣锋锂业公告，2026年1月，公司全资子公司GFL International Co.,Ltd通过二级市场大宗交易出售PLS Group Ltd 32,190,000股普通股，出售金额共计160,225,725澳元。预计本次出售的累计税前收益约为人民 币709,429,571元（即出售金额减去所对应的初始投资成本），其中，计入本年损益的税前收益约为人民 币119,725,072元。本次出售的累计收益占公司最近一期经审计归属于上市公司股东净利润的34.21%。 ...