Ganfeng Lithium Group Co.,Ltd.’s Net Profit Dropped 39.2% in First Quarter of 2023

Ganfeng Lithium Group Co.,Ltd. (江西赣锋锂业集团股份有限公司) (002460.SZ) reported a net profit of 2.2 billion yuan in the first quarter of 2023, down 39.2% year-on-year.

Meanwhile, the company posted 9.4 billion yuan in revenue, up 75.9% year-on-year.

At the end of the reporting period, it had 80.9 billion yuan in total assets and 29.7 billion yuan in total liabilities, with a liability-to-asset ratio of 36.7%.