Xin Lang Cai Jing·2025-08-24 13:24Core Viewpoint - Jiangxi Ganfeng Lithium Co., Ltd. held a performance briefing on August 22, attracting participation from 145 institutions, including Citigroup and Huaxi Securities, to discuss the company's operational performance and business progress for the first half of 2025 [1] Group 1: Financial Performance - In the first half of 2025, Ganfeng Lithium achieved operating revenue of 8.376 billion yuan, with a net profit attributable to shareholders of -531 million yuan, and operating cash flow of 300 million yuan [2] Group 2: Business Segment Progress - Upstream lithium resources: The Mariana lithium salt lake project in Argentina produced its first batch of lithium chloride; the Cauchari-Olaroz lithium salt lake project is operating smoothly and is expected to meet annual targets; the Goulamina spodumene project in Mali is in normal operation with shipments ongoing [3] - Lithium salt segment: The Sichuan Ganfeng lithium salt project completed production line debugging, steadily releasing capacity; the first phase of the Qinghai Ganfeng project is in trial production [3] - Lithium battery segment: The business structure has been optimized, significantly improving profitability; solid-state battery business has achieved integrated upstream and downstream layout with commercial capabilities [3] Group 3: Project Planning and Market Response - Mali project impact: Despite complex political situations, the Goulamina project has not faced direct disruptions, with security upgrades and local support being pursued [4] - Cost reduction and planning: Significant cost reduction effects from the Cauchari-Olaroz project; the Mt Marion lithium mine in Australia is expected to enhance yield and reduce costs through ore selection technology [4] - Solid-state battery capacity: The company is developing lithium sulfide and sulfide electrolyte materials, with lithium sulfide products already certified by customers [4]