Earnings Alerts

Jiangxi Ganfeng Lithium (002460) Earnings Report: FY Net Income Drops by 76% Year-on-Year

  • Ganfeng Lithium’s net income for the financial year is 4.98 billion yuan.
  • This marks a significant decrease of 76% year on year, compared to 20.5 billion yuan the previous year.
  • The company’s revenue is reported to be 32.81 billion yuan.
  • This is slightly less than the estimated revenue of 33.34 billion yuan.
  • There have been 23 buys, 5 holds, and 5 sells of the company’s stock.
  • These comparisons to past results are based on values reported by Ganfeng Lithium’s original disclosures.

A look at Jiangxi Ganfeng Lithium Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth5
Resilience3
Momentum3
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Jiangxi Ganfeng Lithium Co., Ltd. is a company that focuses on researching and producing lithium products. It also conducts import, export, and manufacturing businesses for its own products. The company’s main products are lithium metal, lithium aluminum hydride, lithium fluoride, lithium chloride, and other chemical products of lithium. Based on the Smartkarma Smart Scores, Jiangxi Ganfeng Lithium has a positive long-term outlook. It scores high in value, dividend, and growth, indicating its potential for profitability and stable returns for investors. However, its resilience and momentum scores are slightly lower, suggesting potential risks and challenges in the future. Overall, Jiangxi Ganfeng Lithium is a promising company with strong potential for growth and returns.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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