Ganfeng are flagging big loses for the first half due to falling...

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