GANFENGLITHIUM

Ganfeng Lithium (1772.HK) surged 5.0% to HKD 38.70 in the morning session, driven by rebounding lithium prices and a bullish H1 profit turnaround alert. The stock hit an intraday low of HKD 36.96 before rallying to HKD 38.70, a near 4.7% range. Q1 net profit soared 646.6% YoY to HKD 2.08 billion on revenue growth of 158.1%, while operating profit jumped 6,462%. The company also guided H1 net profit up to RMB 4.6 billion and booked a pre-tax gain of ~RMB 980 million from PLS share disposal. However, the stock remains 57.6% below its 52-week high of HKD 91.2 and 28.5% lower YTD, trading well below its MA20 (43.62) and MA60 (60.54), suggesting a still cautious recovery.

Ganfeng Lithium shares plunged 5.08% to close at HKD 35.90, driven by persistent weakness in lithium prices. The stock witnessed a single-session decline, opening at HKD 37.50 in the morning session and sliding further to an intraday low of HKD 35.90 in the afternoon. Despite the company anticipating a turnaround in its interim net profit, potentially reaching up to RMB 4.6 billion, the positive earnings alert failed to counter lithium price headwinds. Q1 net profit surged 646.6% YoY on revenue growth of 158.1%, yet the stock now trades 60.64% below its 52-week high of HKD 91.20 and is down 33.64% YTD, well below both its 20-day MA of HKD 46.42 and 60-day MA of HKD 62.59. Nonetheless, J.P. Morgan issued a positive report on the company, and Citi has raised its target price for Ganfeng, reflecting institutional optimism on the lithium price outlook.

Ganfeng Lithium experienced a morning session surge-and-retreat, opening at HKD 40.00 and hitting an intraday high of HKD 40.28 before sliding to HKD 37.86, a decline of about 5.0% on 5.8 million shares traded. The company yesterday forecasted a mid-term turnaround with net profit up to RMB 4.6 billion, sparking optimism over lithium price recovery, yet profit-taking pressure dominated the session. Q1 revenue surged 158.1% YoY to HKD 10.43 billion, net profit jumped 646.6% YoY to HKD 2.08 billion, and net margin was 19.98%, indicating strong fundamentals, but the stock remains about 6.0% below its 52-week high of HKD 40.28 and under the opening price. Though underlying earnings are robust, lingering lithium futures volatility remains a headwind, as the stock previously fell over 8% in a single session on price slides.

Ganfeng Lithium opened sharply lower in the morning session, dropping from HK$41.96 to an intraday low of HK$39.62, at one point down 5.0%. It closed the morning at HK$39.64, 5.0% below the prior close, on turnover of ~HK$240 million. The decline came amid profit-taking after strong earnings, despite Q1 2026 net profit surging 646.6% YoY to HK$2.08 billion and revenue jumping 158.1% YoY to HK$10.43 billion, with net profit margin expanding to 19.98%. The stock still trades below its 52-week high, with a PE of 19.28x and PB of 1.58x, while slipping below the MA20 and MA60.

Ganfeng Lithium experienced a morning session surge followed by a sharp pullback, reaching an intraday high of HKD 46.62 before tumbling to HKD 44.82 as of 10:12 BJ, down about 3%, primarily dragged by sliding lithium carbonate futures. The company's Q1 net profit soared 646.6% YoY to HKD 2.083 billion, revenue jumped 158.1% YoY, operating profit skyrocketed 6462% YoY, net margin hit 19.98%, and EPS reached HKD 0.9977, indicating robust fundamentals. However, a recent announcement of share transfer due to financial needs and JPMorgan's earlier note on sector pressure weighed on sentiment, as the stock remains below the day's high.