Ganfeng Lithium Group (SHE:002460, HKG:1772) expects an attributable loss of between 1.4 billion yuan and 2.1 billion yuan for the year 2024, compared with an attributable profit of nearly 4.95 billion yuan a year prior, a Jan. 24 bourse filing said.
The lithium producer attributed the anticipated swing to loss mainly to a substantial loss from fair value changes, a lower sales price of lithium salts and lithium batteries, and the provision for impairment of relevant assets such as inventories.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.