智通财经网·2025-10-31 06:40Core Viewpoint - The report from Credit Lyonnais indicates that Ganfeng Lithium (01772) has shown stable performance in Q3, with optimistic prospects for Q4 2025 due to deeper upstream integration and positive contributions from its battery business [1] Financial Performance - Ganfeng Lithium's target prices for H-shares and A-shares have been raised from HKD 35 to HKD 58 and from CNY 45 to CNY 80 respectively, while maintaining an outperform rating [1] - The net profit forecast for Ganfeng Lithium for the fiscal years 2025 and 2026 has been slightly lowered based on the latest financial data [1] Valuation Adjustments - The valuation multiple for the fiscal year 2027 has been increased from 15 times to 25 times, which is higher than peers, reflecting Ganfeng Lithium's unique advantages in lithium chemicals and battery business [1] - The premium for A-shares over H-shares has been adjusted from 40% to 50% [1]