Ganfeng Lithium Group Co., Ltd. (Stock Code: 1772) reported operating income of RMB 6.25 billion for the third quarter of 2025, representing a year-on-year increase of 44.10%. Net profit attributable to the shareholders of the listed company for the same quarter was RMB 556.76 million, up by 364.02% year on year.

From January to September 2025, operating income reached RMB 14.62 billion, an increase of 5.02% over the prior year’s corresponding period. Net profit attributable to shareholders of the listed company for the first nine months stood at RMB 25.52 million, up by 103.99% year on year. After deducting non-recurring items, the figure was a loss of RMB 941.98 million. Weighted average return on net assets for the nine-month period was 0.06%, while total assets increased by 9.29% to RMB 110.20 billion compared with the end of last year.

Management highlighted several significant changes in balance sheet items, including a rise in monetary funds to RMB 8.21 billion and an increase in accounts payable to RMB 11.56 billion. Meanwhile, contract liabilities jumped to RMB 950.06 million, and derivative financial liabilities rose sharply due to the issuance of H-share convertible corporate bonds.

During the reporting period, the group formed a joint venture through GFL International and Lithium Argentina AG, integrating salt lake projects in Argentina. The company also issued new H shares and HKD1.37 billion in convertible corporate bonds. In addition, a controlled subsidiary, Jiangxi Ganfeng LiEnergy Technology, introduced external investors through a capital increase of up to RMB 2.5 billion. These moves were aimed at expanding the company’s resource layout and strengthening the downstream business segment.