Ganfeng are flagging big loses for the first half due to falling Lithium prices, share price has declined 30% ytd.
Ganfeng estimate a net loss of between 760 million yuan (US$104 million) and 1.25 billion yuan (US$172 million) - down from a net profit of 5.85 billion yuan (US$800 million).
Operating activities are cash positive for the 2nd quarter and losses mainly attributed to 1st quarter and PLS shares.
Tianq also expects a net loss between 4.88 billion yuan and 5.53 billion yuan.
https://asia.nikkei.com/Business/Companies/Chinese-lithium-majors-sink-into-red-despite-EV-growth?utm_source=www.moneyofmine.com&utm_medium=newsletter&utm_campaign=bhp-announce-much-anticipated-nickel-west-suspension
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