Ganfeng Lithium Group Co Ltd

01772: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Ganfeng Earnings: Profit Misses on Weak Gross Margin and Sequential Decline in Lithium Prices

Vincent Sun

Oct 16, 2026

Ganfeng reported 36% year-on-year growth in net profit in the third quarter. Despite average lithium prices doubling from last year’s level, gross margin only recovered to 20% from 17% a year ago.

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Ganfeng Lithium Group Co Ltd

Ganfeng Earnings: Profit Misses on Weak Gross Margin and Sequential Decline in Lithium Prices

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