Ganfeng Lithium Group Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	28,314	22,890	18,770	32,839	41,706	11,108
Other Revenue	192.23	192.23	136.09	132.51	117	54.31
Revenue	28,506	23,082	18,906	32,972	41,823	11,162
Revenue Growth (YoY)	61.78%	22.08%	-42.66%	-21.16%	274.68%	102.07%
Cost of Revenue	22,888	19,708	17,201	30,099	21,175	6,720
Gross Profit	5,618	3,374	1,706	2,873	20,647	4,442
Selling, General & Admin	1,351	1,357	1,018	1,094	1,051	531.71
Research & Development	1,211	1,042	910.7	1,251	1,007	338.52
Other Operating Expenses	204.57	94.27	-40.94	82.47	373.28	88.1
Operating Expenses	2,897	2,612	1,944	2,498	2,487	952.84
Operating Income	2,721	762.33	-238.39	374.78	18,160	3,489
Interest Expense	-1,478	-1,474	-1,091	-784.31	-407.33	-264.86
Interest & Investment Income	2,384	2,057	416.73	3,682	4,194	300.41
Currency Exchange Gain (Loss)	-253.78	-253.78	-53.23	-117.58	313.8	-116.15
Other Non Operating Income (Expenses)	-64.82	-58	-44.83	-46.58	-20.51	-8.53
EBT Excluding Unusual Items	3,308	1,033	-1,010	3,108	22,240	3,400
Gain (Loss) on Sale of Investments	550.69	102.51	-1,566	576.01	407.92	2,254
Gain (Loss) on Sale of Assets	8.37	8.44	-2.2	1.03	4.55	0.24
Asset Writedown	-169.23	-217.69	-8.14	-9.99	-24.67	-8.11
Other Unusual Items	264.07	261.25	285.59	1,584	150.9	127.43
Pretax Income	3,962	1,188	-2,301	5,259	22,779	5,774
Income Tax Expense	280.21	-74.79	329.06	683.47	2,318	357
Earnings From Continuing Operations	3,682	1,263	-2,630	4,575	20,461	5,417
Minority Interest in Earnings	124.37	350.43	556.25	371.56	42.95	-188.14
Net Income	3,806	1,613	-2,074	4,947	20,504	5,228
Net Income to Common	3,806	1,613	-2,074	4,947	20,504	5,228
Net Income Growth	-	-	-	-75.87%	292.16%	410.26%
Shares Outstanding (Basic)	2,044	2,016	2,014	2,011	2,014	1,958
Shares Outstanding (Diluted)	2,069	2,042	2,014	2,011	2,016	1,966
Shares Change (YoY)	3.01%	1.40%	0.14%	-0.26%	2.57%	7.63%
EPS (Basic)	1.86	0.80	-1.03	2.46	10.18	2.67
EPS (Diluted)	1.84	0.79	-1.03	2.46	10.17	2.66
EPS Growth	-	-	-	-75.81%	282.33%	374.07%
Free Cash Flow	-1,583	-4,477	-4,060	-8,500	7,541	-792.97
Free Cash Flow Per Share	-0.77	-2.19	-2.02	-4.23	3.74	-0.40
Dividend Per Share	0.150	0.150	0.150	0.800	1.000	0.214
Dividend Growth	-	-	-81.25%	-20.00%	366.64%	-
Gross Margin	19.71%	14.62%	9.02%	8.71%	49.37%	39.80%
Operating Margin	9.55%	3.30%	-1.26%	1.14%	43.42%	31.26%
Profit Margin	13.35%	6.99%	-10.97%	15.00%	49.02%	46.84%
Free Cash Flow Margin	-5.56%	-19.40%	-21.47%	-25.78%	18.03%	-7.10%
EBITDA	4,978	2,818	1,012	1,226	18,649	3,845
EBITDA Margin	17.46%	12.21%	5.35%	3.72%	44.59%	34.44%
D&A For EBITDA	2,257	2,056	1,250	850.98	488.89	355.22
EBIT	2,721	762.33	-238.39	374.78	18,160	3,489
EBIT Margin	9.55%	3.30%	-1.26%	1.14%	43.42%	31.26%
Effective Tax Rate	7.07%	-	-	13.00%	10.18%	6.18%
Revenue as Reported	28,506	23,082	18,906	32,972	41,823	11,162
Advertising Expenses	-	10.72	11.15	7.31	0.34	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.