GANFENG LITHIUM ANNOUNCED ITS FIRST QUARTER FINANCIAL REPORT FOR 2024, SHOWING THAT ITS OPERATING INCOME FELL 46.41% YEAR-ON-YEAR, AND NET PROFIT LOSS REACHED RMB 4.39, DOWN 118.31% YEAR-ON-YEAR. The company said the decline in revenue and profit was mainly due to market volatility in lithium products and lithium batteries, which led to lower sales prices. Although net profit was impaired, the net cash flow generated by operating activities was reversed, reaching RMB 1.19. In addition, the company made a number of investments during the reporting period, including the signing of a long-term supply agreement with Hyundai Motor of Korea, as well as an investment in the growth equity of the Argentine company PGCO involving mining rights. At the end of the reporting period, Ganfeng Lithium's total assets stood at RMB95.56, up 4.22% year-on-year.

GANFENG LITHIUM ANNOUNCED ITS FIRST QUARTER FINANCIAL REPORT FOR 2024, SHOWING THAT ITS OPERATING INCOME FELL 46.41% YEAR-ON-YEAR, AND NET PROFIT LOSS REACHED RMB 4.39, DOWN 118.31% YEAR-ON-YEAR. The company said the decline in revenue and profit was mainly due to market volatility in lithium products and lithium batteries, which led to lower sales prices. Although net profit was impaired, the net cash flow generated by operating activities was reversed, reaching RMB 1.19. In addition, the company made a number of investments during the reporting period, including the signing of a long-term supply agreement with Hyundai Motor of Korea, as well as an investment in the growth equity of the Argentine company PGCO involving mining rights. At the end of the reporting period, Ganfeng Lithium's total assets stood at RMB95.56, up 4.22% year-on-year.