Summary by Futu AI
Ganfeng Lithium Group Co., Ltd. ("the Company") announced its unaudited interim results for the six months ended June 30, 2024. During the reporting period, the Company's revenue was RMB 9,524,822 thousand, a decrease of approximately 47.4% compared to the same period last year. The Company's attributable loss to owners of the parent company was RMB 759,135 thousand for the reporting period, a decrease of 112.9% compared to the same period last year. The basic loss per share was RMB 0.38. The Company stated that the decline in revenue and profit was mainly due to a significant decrease in lithium product prices. In addition, the Company made adjustments to its stock options and employee share ownership plans during the reporting period, and confirmed compliance with the corporate governance code of the Hong Kong Listing Rules. The Company will continue to optimize comprehensive quality control measures, strengthen on-site management, and promote compliance with work safety regulations, and is committed to technological innovation and improving research and development capabilities.
