Ganfeng Lithium Co ( (HK:1772) ) has shared an announcement.
Ganfeng Lithium Co., Ltd. announced a provision for assets impairment amounting to approximately RMB480,165,500 for the year 2024. This decision, approved by the board of directors, aims to accurately reflect the company’s financial position and asset value. The impairment covers losses on credit and asset impairment, including receivables, inventories, and long-term equity investments. Despite this provision, the expected range of the annual results for 2024 remains unaffected, indicating a strategic move to maintain transparency and prudence in financial reporting.
More about Ganfeng Lithium Co
Ganfeng Lithium Co., Ltd. is a company based in the People’s Republic of China, primarily involved in the lithium industry. It focuses on the production and supply of lithium products, which are essential for various applications, including batteries for electric vehicles and energy storage systems.
YTD Price Performance: 9.81%
Average Trading Volume: 5,954
Technical Sentiment Signal: Buy
Current Market Cap: $8.03B
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