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Ganfeng Lithium Board Approves 200 Million-Yuan Investment in Partnership Fund; Shares Down 3%
Ganfeng Lithium Group to Invest Up to 2 Billion Yuan in Financial Products
GANFENGLITHIUM (01772.HK): Shenzhen Yichu intends to provide construction advance funding of no more than 0.4 billion yuan to Ningxia Baiyang.
Gelonghui, January 21丨GANFENGLITHIUM (01772.HK) announced that at the 88th meeting of the fifth Board of Directors held on January 21, 2025, the proposal on "Providing Financial Assistance to the Holding Subsidiary Shenzhen Yichu" was approved. The company agrees that its holding subsidiary Jiangxi GANFENGLITHIUM Technology Co., Ltd. (hereinafter referred to as "GANFENGLITHIUM Battery") will allow its holding subsidiary Shenzhen Yichu Energy Technology Co., Ltd. (hereinafter referred to as "Shenzhen Yichu") to participate in the joint development and construction of the 100MW/400MWh shared energy storage project in Ningxia Baiyang Green Storage, providing financial support to Ningxia Baiyang Green Storage Integrated Energy Services.
GANFENGLITHIUM (01772.HK) plans to engage in Commodity Futures Options hedging Business.
On January 21, GELONGHUI announced that GANFENGLITHIUM (01772.HK) proposed to use financial instruments for hedging to reduce the operating risks brought by market price fluctuations of lithium salt products to Jiangxi GANFENGLITHIUM Group Co., Ltd. (hereinafter referred to as "the Company"). The Company plans to carry out Commodity Futures Options hedging business at the right time for the product risk exposure related to production and operation. The varieties for the Commodity Futures Options hedging business conducted by the Company and its subsidiaries are limited to lithium salt futures and varieties that are directly related to the Company’s production and operation.
Express News | Ganfeng Lithium Says Unit Plans to Invest 200 Mln Yuan in Equity Investment Firm
Cui Dongshu: The domestic sales of Lithium Battery in December 2024 were 75.4Wh, an increase of 57% year-on-year.
In the past two years, the Electric Vehicles and Energy Industry have been very prosperous, leading to a rapid increase in demand for Batteries, while the installation ratio of Batteries for Electric Vehicles has decreased.
