CLSA has released a research report, raising the target price for Ganfeng Lithium's (01772) H-shares by 65.7% from HK$35 to HK$58. The firm also increased its target price for the company's A-shares, while reiterating an "Outperform" rating for both. Ganfeng Lithium reported strong Q3 2025 results, with improved profitability and gross margins. CLSA believes that further integration of upstream operations and positive contributions from the battery business will drive continued growth in Q4 2025. Based on the latest financial data, CLSA slightly lowered its net profit forecasts for 2025/2026 after factoring in higher operating expenses.