Ganfeng Lithium Group Co Ltd Class A

002460: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CNY 51.40	Xzcrz	Kdqfyvy

Ganfeng Earnings: Loss as Guided; Margin Pressure From Declining Lithium Price

Vincent Sun

Apr 2, 2024

Narrow-moat Ganfeng’s fourth-quarter net loss was below the midpoint of its preliminary announcement. The results missed our expectations principally because of the decline in the prices of lithium products and a drop in gross margin. With lithium prices plunging more than 70% in the fourth quarter, the gross margin contracted to only 1%.

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