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Ganfeng Lithium, a leading Chinese lithium producer, reported a 109.03% year-on-year increase in Q3 revenue. Net profit for the first three quarters surged by 19540.50% to 5.012 billion yuan, with a rebound in lithium prices driving the performance turnaround.
Ganfeng Lithium, a leading Chinese lithium producer, disclosed its third-quarter report on Thursday, showing a net profit attributable to shareholders of 5.012 billion yuan for the first three quarters of 2026, a year-on-year increase of 19,540.50%. During the same period, operating revenue reached 36.159 billion yuan, up 147.24% year-on-year. The company attributed the improved performance primarily to the rebound in selling prices of its lithium series products and increased sales of its lithium battery series products. For the third quarter alone, the company's revenue was 13.062 billion yuan, a year-on-year increase of 109.03%.
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