Zhi Tong Cai Jing·2026-01-27 14:53Core Viewpoint - Ganfeng Lithium Co., Ltd. expects a significant turnaround in its financial performance for the fiscal year ending December 31, 2025, projecting a net profit attributable to shareholders between RMB 1.1 billion and RMB 1.65 billion, compared to a net loss of RMB 2.074 billion in the previous year, indicating a growth of approximately 153.04% to 179.56% [1][2] Financial Performance - The company anticipates a net loss, excluding non-recurring items, in the range of RMB 300 million to RMB 600 million, which is a reduction of approximately 32.38% to 66.19% from the previous year's loss of RMB 888 million [1] - Basic earnings per share are expected to be between RMB 0.55 and RMB 0.82, a significant improvement from the previous year's loss per share of RMB 1.03 [1] Factors Influencing Performance - The expected increase in performance is primarily attributed to the rise in the stock price of Pilbara Minerals Limited (PLS), resulting in a fair value change gain of approximately RMB 1.03 billion after hedging related to the options [2] - The company has designated its convertible bonds issued in H-shares as "measured at fair value with changes recognized in profit or loss," leading to a fair value change loss due to the significant increase in the company's stock price and the exercise of conversion rights by bondholders [2] - The company recognized investment income from the partial sale of its subsidiary Shenzhen Yichu Smart Source Group Co., Ltd. and successfully introduced strategic investors [2] - Asset impairment tests were conducted on assets showing signs of impairment, leading to the recognition of corresponding impairment provisions [2]