According to a research report published by Huatai Securities, considering the quarterly decline in lithium carbonate prices in the third quarter combined with market concerns about 2027 and 2028 demand, the bank lowered Ganfeng Lithium's net profit from 2026 to 2028 to 6.04 billion yuan, 7.31 billion yuan and 8.16 billion yuan, down 22.4%, 23.2% and 25.7% respectively from the previous value. Ganfeng Lithium's target price for H shares dropped from HK$54.15 to HK$32.74.

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