Core Viewpoint - Ganfeng Lithium is facing significant financial challenges, with projected losses for the first half of 2025, despite efforts to expand its energy storage business [1][2] Financial Performance - Ganfeng Lithium forecasts a net loss of 300 million to 550 million yuan for the first half of 2025, with a narrowing year-on-year loss margin [1] - The company's revenue for 2024 is expected to be 18.9 billion yuan, a decline of 42.66% year-on-year, with a net loss of 2.074 billion yuan, representing a 141.96% increase in losses [1] - In Q1 2025, Ganfeng Lithium reported revenue of 3.772 billion yuan, down 25.43% year-on-year, and a net loss of 356 million yuan, an 18.93% increase in losses compared to the previous year [1] Business Expansion - Ganfeng Lithium is actively seeking new growth opportunities through its energy storage business, having established multiple subsidiaries under Shenzhen Yichu [2] - Since February 2025, Ganfeng Lithium has formed three energy storage technology companies, each with a registered capital of 5 million yuan, fully owned by Shenzhen Yichu [2] - Shenzhen Yichu has initiated several independent shared energy storage projects across various regions, with total investments exceeding 3.6 billion yuan, including a 1.6 billion yuan project in Shanxi expected to generate an annual output value of 200 million yuan and over 10 million yuan in tax revenue [2]