Ganfeng Lithium Group (002460) Q2 2026 earnings summary

Executive summary

• Revenue surged 175.75% year-over-year to ¥23.10 billion, driven by lithium product price recovery and higher battery sales.

• Net profit attributable to shareholders reached ¥4.26 billion, reversing a loss in the prior year.

• The company maintained a vertically integrated lithium ecosystem, expanding global resource control and downstream battery capacity.

• Major production bases and resource projects advanced, with new capacity in lithium compounds and batteries coming online.

Financial highlights

• Operating income: ¥23.10 billion, up 175.75% year-over-year.

• Net profit attributable to shareholders: ¥4.26 billion, compared to a loss of ¥531 million last year.

• Operating cash flow: ¥1.33 billion, up 342.24% year-over-year.

• Basic EPS: ¥2.04, up from -¥0.27.

• Gross margin for lithium products: 42.44%, up 34.08 percentage points.

• R&D investment: ¥740 million, up 70.59% year-over-year.

Outlook and guidance

• The company will continue to expand global lithium resource control, prioritize low-cost resource development, and accelerate battery and recycling capacity.

• Focus remains on innovation, digitalization, and ESG leadership to sustain growth and competitiveness.