Summary by Moomoo AI
Jiangxi Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium) announced its interim earnings report on June 30, 2024, with a revenue of RMB 9,524,822 thousand for the reporting period, a decrease of 47.4% from the same period last year. The attributable net loss to owners of the parent company was RMB 759,135 thousand, a decrease of 112.9%. During the period, Ganfeng Lithium completed the acquisition of Qinghai Fengjin Mining Co., Ltd. and its subsidiaries, Kunming Zhonghang Phosphorus Chemical Co., Ltd. and its subsidiaries, further enhancing its layout in the mineral resources field. In addition, Ganfeng Lithium's wholly-owned subsidiary, GFL International Co., Limited, acquired 14.8% of Argentina's Proyecto Pastos Grandes S.A. for 70 million US dollars, holding 100% equity in Argentina's Salta Pastos Grandes lithium brine project and Cauchari East lithium brine project. The board of directors does not recommend the distribution of interim dividends.