大华继显：升赣锋锂业评级至“买入” 目标价上调至78港元 季绩胜预期

Group 1 - The core viewpoint of the report is that Daiwa Capital Markets has upgraded Ganfeng Lithium's H-shares rating to "Buy" with a target price increased from HKD 40 to HKD 78, while maintaining a "Hold" rating for its A-shares with a target price of CNY 72 [1] - Ganfeng Lithium reported a net profit of CNY 557 million in Q3, reversing previous losses and contributing to a total net profit of CNY 26 million for the first three quarters [1] - The firm has revised its 2025 net loss forecast from CNY 149 million to a net profit of CNY 407 million, and has increased its profit forecasts for 2026 and 2027 by 42% and 21% respectively, to CNY 1.925 billion and CNY 3.309 billion, based on higher sales and gross margin expectations [1]