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| HSI1 | 26,046.70 | -347.56 | 126.06B |
| HSCEI1 | 8,790.68 | -114.43 | 36.70B |
| Back Zoom + Zoom - Block Traded | |
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2026-04-17 10:40:45 GANFENGLITHIUM (01772.HK)'s 1Q26 net profit turned into positive territory at RMB1.6-2.1 billion, Citi Research issued a research report saying. Based on the midpoint, core net profit is expected to be RMB1.5 billion, in line with expectation. The results were mainly driven by a sharp rise in average selling prices, the average price of lithium carbonate of RMB154,000 per tonne, representing a 75% QoQ increase. Meanwhile, downstream battery demand was strong. According to ZE Consulting's estimations, output of EV/ energy storage system (ESS) batteries grew 17%/ 96% YoY each, while marginal costs also declined. Considering robust actual demand and on-and-off supply disruption factors, the broker believed that lithium prices face larger upside risk. Therefore, Citi Research kept rating at Buy on GANFENGLITHIUM, with a target price of $66.7. ~ AASTOCKS Financial News Website: www.aastocks.com | |