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Ganfeng Lithium Co., Ltd.

Ganfeng Lithium Co., Ltd.

002460.SZ
Ganfeng Lithium Co., Ltd.CN flagShenzhen Stock Exchange
61.44
CNY
-1.39
- -
128.82BMarket Cap
Ganfeng Lithium Co., Ltd.
002460.SZ
(Shenzhen Stock Exchange)

Recent

price

61.44

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.34
0.37
0.49
0.55
0.58
0.88
1.81
2.81
3.14
2.98
3.04
5.7
20.76
16.4
9.39
11.45
8.95
Revenue per Share
0.04
0.04
0.05
0.06
0.06
0.08
0.3
0.94
0.84
0.2
0.56
2.67
10.18
2.46
-1.03
0.8
-0.93
Basic EPS, GAAP
-0.08
-0.08
-0.18
-0.15
-0.09
0.15
0.1
0.1
-0.32
-0.08
-0.26
-0.4
3.74
-4.23
-2.02
-2.22
-4.57
Free Cash Flow per Basic Share
- -
0.03
0.02
0.03
0.02
0.03
0.05
0.08
0.22
0.28
0.29
0.3
0.34
1.27
1.24
0.68
1.36
Dividend per Share
0.21
0.22
0.25
0.31
0.41
0.46
0.92
1.96
2.86
2.49
2.83
5.04
14.94
16.42
13.52
14.19
13.35
Book Value per Share
0.67
0.55
0.58
0.97
0.85
0.99
1.49
2.47
4.93
4.53
7.12
12.99
23.01
25.29
22.63
24.77
21.52
Tangible Book Value per Share
1,054
1,267
1,272
1,245
1,500
1,546
1,573
1,558
1,591
1,790
1,816
1,958
2,014
2,011
2,014
2,016
1,977
Basic Weighted Avg Shares
360
475
628
686
869
1,354
2,844
4,383
5,004
5,342
5,524
11,162
41,823
32,972
18,906
23,082
17,694
Sales/Revenue/Turnover
14.01
11.68
12.28
12.78
11.1
12.83
28.46
35.57
30.08
16.3
16.02
31.8
43.97
10.97
2.33
5.99
1.24
Operating Margin (%)
14
27
32
34
58
80
91
106
146
231
272
367
502
872
1,282
2,103
- -
Depreciation Expense
43
54
70
74
86
125
464
1,469
1,341
358
1,025
5,228
20,504
4,947
-2,074
1,613
-1,845
Net Income, GAAP
17.11
17.8
17.18
19.23
16.66
16.75
12.91
15.52
10.81
25.52
5.65
6.18
10.18
13
- -
- -
48.77
Effective Tax Rate (%)
11.85
11.43
11.09
10.8
9.86
9.24
16.33
33.51
26.81
6.7
18.55
46.84
49.03
15
-10.97
6.99
-10.43
Profit Margin (%)
525
444
321
671
658
523
284
1,753
4,075
2,458
4,697
6,418
13,311
7,913
-9,667
-3,115
-9,520
Working Capital
- -
- -
- -
7
7
106
56
987
1,451
2,219
3,816
3,659
9,163
15,629
15,679
17,335
17,987
LT Debt
719
740
811
1,313
1,388
1,883
2,491
4,043
8,095
8,410
13,418
26,167
48,866
52,316
47,588
51,838
44,595
Total Equity
8.64
6.25
7.9
5.74
4.84
7.35
25.94
27
15.17
5.44
5.18
12.49
33.35
4.39
- -
- -
- -
Return on Invested Capital (%)
20.33
21.49
20.86
16.25
11.71
14.44
31.56
41.61
22.42
6.39
10.91
30.68
61.31
10.79
- -
- -
11.53
Return on Capital (%)
22.6
21.66
23.17
21.08
17.26
18.9
42.98
65.35
35.27
7.94
21.36
69.75
102.66
15.68
-6.89
5.78
-6.47
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
16,028
18,633
20,557
LT Borrowings
15,613
16,443
17,930
LT Finance Leases
66
62
57
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,017
2,017
2,017
Market Capitalization
69,845
66,876
66,758

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
22,003
25,529
28,504
Cash, Cash Equivalents & STI
5,960
7,057
10,112
Accounts Receivable, Net
3,967
3,272
3,803
Inventories
8,613
9,609
10,348
Total Current Liabilities
31,670
34,510
38,024
Payables & Accruals
- -
- -
- -
ST Debt
16,028
18,633
20,557
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
44.7%
37.74%
8.93%
Free Cash Flow
-156.22%
-246.94%
10.27%
Net Income, GAAP
89.84%
61.37%
-177.77%
Sales/Revenue/Turnover
52.35%
67%
22.08%
Total Cash Common Dividend
60.36%
50.83%
-44.97%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,058
4,531
4,336
4,981
18,906
2025
3,772
4,604
8,457
- -
23,082
2026
9,196
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.22
- -
- -
- -
-1.03
2025
-0.18
- -
- -
- -
0.8
2026
0.88
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
- -
- -
- -
1.24
2025
0.13
- -
- -
- -
0.68
2026
0.14
- -
- -
- -
- -
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Business
Ganfeng Lithium Group Co., Ltd. (002460.SZ) engages in the research, development, production and sale of lithium compounds, lithium metals and lithium batteries for applications in electric vehicles, energy storage systems, consumer electronics, chemicals and pharmaceuticals. The company produces battery-grade and industrial-grade lithium hydroxide, lithium carbonate, lithium fluoride, lithium chloride, lithium metal, battery-grade lithium foil, lithium alloys, organo-lithium compounds, cesium and rubidium compounds, as well as lithium aluminum hydride and other specialty lithium chemicals; it also manufactures lithium battery products including solid-state batteries, polymer lithium batteries and power batteries. Ganfeng Lithium operates across the lithium supply chain, encompassing upstream resource extraction from brine and spodumene sources, midstream refining and processing, and downstream battery production and recycling, serving major customers such as Tesla, BMW, LG Chem, Volkswagen and Hyundai Motor. Founded in 2000 and headquartered in Xinyu, Jiangxi Province, China, the company maintains a global footprint with mining and production operations in China, Argentina, Mali, Australia, Mexico, Ireland and other regions, including key projects such as the Cauchari-Olaroz salt lake, Mariana project, Goulamina spodumene mine and Mount Marion; it is dual-listed on the Shenzhen (A-shares) and Hong Kong (H-shares: 01772) stock exchanges as China's largest and the world's third-largest lithium compound producer. Recent developments include the official commencement of production at the Mariana lithium project in Argentina in early 2025 with a 20,000 tons-per-annum lithium chloride plant, the first shipment of lithium concentrate from the Goulamina project in Mali, Phase I production start at Goulamina, the launch of a 10MWh energy storage container system, a strategic cooperation agreement with Hyundai Motor, and a $130 million debt facility provided to partner Lithium Argentina for the PPG project in Argentina's Salta Province where Ganfeng holds 67% equity; additionally, the company increased holdings in Goulamina, completed a 20GWh solid-state battery production base in Chongqing, delivered its first batch of vehicle solid-state batteries, acquired interests in Lithea's PPG project and a niobium-tantalum mine in Jiangxi, and joined the United Nations Global Compact while upgrading its MSCI ESG rating to A.