基于最新财务数据，该行略微下调赣锋锂业2025/2026财年净利润预测。将2027财年基于市盈率的估值 倍数从15倍上调至25倍，高于同业，以反映赣锋锂业在锂化学品与电池业务的独特布局优势，并将A股 与H股溢价从40%上调至50%。 里昂发布研报称，赣锋锂业（002460）(01772)第三季业绩稳健，随着上游整合的深化及电池业务的积 极贡献，2025年第四季度业绩前景依然乐观。该行将赣锋锂业H股/A股目标价分别由35港元/45元人民 币，上调至58港元/80元人民币，重申跑赢大市评级。 ...

格隆汇10月31日｜里昂发表报告指，赣锋锂业第三季业绩稳健，随着上游整合的深化及电池业务的积极 贡献，第四季度业绩前景依然乐观。基于最新财务数据，该行略微下调赣锋锂业2025/2026财年净利润 预测。将2027财年基于市盈率的估值倍数从15倍上调至25倍，高于同业，以反映赣锋锂业在锂化学品与 电池业务的独特布局优势，并将A股与H股溢价从40%上调至50%。据此，该行将赣锋锂业H股/A股目标 价分别由35港元/45元上调至58港元/80元，重申"跑赢大市"评级。 ...

Core Viewpoint - The recent surge in lithium mining stocks in the A-share market is primarily driven by expectations of potential production cuts in China, particularly following the suspension of operations at the Jiangxiawo mine, which is one of the largest lithium mines globally [1][2]. Group 1: Market Performance - Lithium mining stocks such as Yiwei Lithium Energy, Xinwanda, and Guocheng Mining have seen increases of over 6%, while companies like Ganfeng Lithium and Zhongkuang Resources have risen over 5% [1]. - Notable stock performances include: - Yiwei Lithium Energy: 6.44% increase, market cap of 145.7 billion - Xinwanda: 6.16% increase, market cap of 49.6 billion - Guocheng Mining: 6.12% increase, market cap of 17 billion - Ganfeng Lithium: 5.50% increase, market cap of 88 billion - Zhongkuang Resources: 5.03% increase, market cap of 30 billion [2]. Group 2: Supply and Price Implications - The suspension of production at the Jiangxiawo mine, which accounts for approximately 3% of global lithium production, is expected to reduce short-term supply of lithium carbonate, potentially leading to upward pressure on prices [1]. - UBS has predicted that lithium spodumene prices may increase by 32% over the next three years due to the impact of Chinese lithium mine suspensions, while lithium chemical prices could rise by 17% [1]. - Potential supply disruption risks have been highlighted, including the operations of companies like Ningde Times and Cangge Mining, as well as the closure of several mica mines in Yichun, Jiangxi province, after September 30 [1].