GANFENG LITHIUM(002460)2025-01-24 11:05Financial Performance - The company expects a net loss attributable to shareholders of 2.1 billion yuan for the year 2024, a decrease of 142.45% compared to the previous year's profit of approximately 494.68 million yuan[3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 960 million yuan, down 135.88% from the previous year's profit of about 267.59 million yuan[3]. - The basic earnings per share is expected to be a loss of 1.05 yuan per share, compared to a profit of 2.46 yuan per share in the previous year[3]. Factors Affecting Performance - The significant decline in performance is attributed to the volatility in lithium product prices, leading to a fair value loss of approximately 1.64 billion yuan from financial assets, particularly from Pilbara Minerals Limited[5]. - Despite an increase in sales volume of lithium salts and lithium battery products, the overall operating performance has significantly decreased due to falling sales prices[6]. - The company has made provisions for asset impairment related to inventory and other assets, contributing to the substantial decline in net profit[6]. Risk Management - The company has implemented risk management measures, including a leading option strategy, to mitigate the impact of Pilbara Minerals' stock price fluctuations[6]. Financial Reporting - The financial data presented is preliminary and has not been audited by external auditors, with the final figures to be disclosed in the 2024 annual report[7].