The Zhitong Finance App learned that Ganfeng Lithium (01772) fell more than 4% in the intraday period. As of press release, it was down 3.67% to HK$24.12, with a turnover of HK$202 million.

According to the news, lithium carbonate futures ended the rebound trend of the previous two days. The main contract fell by more than 4% in the afternoon of 2701 and once again fell below the 90,000 mark. The minimum was 88,740 yuan/ton. Everbright Futures believes that in terms of fundamentals, weekly data continues to be removed, but the pace is slowing rapidly from month to month, compounded by subsequent mine resumption and low demand season, which may cause the pace of withdrawal to continue to slow down.

Ganfeng Lithium achieved net profit of 755 million yuan in the third quarter of this year, up 35.62% year on year, but down 68% from 2.42 billion in the second quarter. Mainly due to the month-on-month decline in investment income from the company's joint ventures and joint ventures after the decline in lithium concentrate prices, while the company disposed of PLS shares in the first quarter and the second quarter of '26 to obtain investment income, the base for the second quarter was high.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.