Ganfeng Lithium: Net Profit for First Three Quarters Reaches 5.012 Billion Yuan, Up 19,540.50% Year-on-Year

36Kr reports that Ganfeng Lithium announced revenue of 36.159 billion yuan for the first three quarters, a year-on-year increase of 147.24%; net profit attributable to shareholders was 5.012 billion yuan, up 19,540.50% from 25.52 million yuan in the same period last year; net profit excluding non-recurring items was 4.636 billion yuan, compared to a loss of 936 million yuan in the prior period; net cash flow from operating activities reached 2.295 billion yuan, up 634.77% year-on-year. Net profit for the third quarter alone was 755 million yuan, a year-on-year increase of 35.62%. The performance change is primarily due to a rebound in selling prices for lithium series products and increased sales of lithium battery series products.