Ganfeng Lithium Group Co Ltd Class A

002460: XSHE (CHN)
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Ganfeng Earnings: Back to Losses Amid Falling Lithium Prices, but Margin Recovery Trend Continues

Ganfeng’s fourth quarter returned to a net loss after a turnaround in the third quarter. This was mainly attributable to the decline in lithium compound prices and nonoperating fair value and inventory impairment losses. Gross margin recovered 11 percentage points from the prior-year quarter.

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