Ganfeng Lithium Group Co Ltd
01772: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HKD 12.40 | Pntsx | Mmgnnrjdh |
Ganfeng Earnings: Loss as Guided; Margin Pressure From Declining Lithium Price
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%.