Ganfeng Lithium (01772.HK) saw its stock price surge 7.42% in early trading on Thursday, following the release of its financial results for the first three quarters of 2025. The company's shares opened significantly higher, reflecting investor optimism about its improved performance and successful turnaround from last year's losses.

According to the earnings report released on October 29, Ganfeng Lithium reported a revenue of RMB14.63 billion for the first nine months of 2025, marking a 5.02% increase year-on-year. More notably, the company achieved a net profit attributable to shareholders of RMB25.52 million, successfully reversing the RMB640 million loss recorded in the same period last year. The basic earnings per share stood at RMB0.01.

While the company acknowledged a decline in Q3 revenue due to lower sales volume and average selling prices of lithium products compared to the previous year, it highlighted that the net profit growth was primarily driven by reduced timing mismatches in pricing mechanisms. This improvement was observed between its subsidiary Talison Lithium Pty Ltd's spodumene concentrate and Ganfeng's lithium chemical products, which helped offset the impact of lower lithium product prices amid market volatility. The positive financial results, particularly the shift from loss to profit, appear to have boosted investor confidence, contributing to the significant stock price increase.