Both "dual giants" suffered huge losses, with GANFENGLITHIUM expected to incur a loss of over 1.4 billion in 2024 | Interpretations

① GANFENGLITHIUM expects a net loss of 1.4 billion to -2.1 billion yuan last year, compared to a net income of 4.95 billion yuan in the same period last year; ② GANFENGLITHIUM stated that the performance change was mainly affected by the decline in sales prices of lithium salts and Lithium Battery products, the decline in the prices of financial assets held by the company, and additionally, the company made provisions for depreciation of inventory and other related Assets; ③ Known as the "Twin Heroes", both Tianqi Lithium Corporation and GANFENGLITHIUM have encountered losses, resulting in their worst performance since going public.

cls.cnJan 24 10:22 ET

Year-on-year loss reversal, Tianqi Lithium Corporation is expected to lose over 7 billion in 2024 and plans to terminate the construction of the second phase lithium hydroxide project in Australia | Interpretations

① Tianqi Lithium Corporation expects a net loss of 7.1 billion yuan to -8.2 billion yuan in 2024, compared to a profit of 7.297 billion yuan in the same period last year; ② The company states that the reasons for the performance change are mainly the decline in lithium product prices and mismatch in pricing mechanisms, a drop in performance from the important associate company SQM, as well as an increase in asset impairment losses and foreign exchange losses; ③ The company plans to terminate the investment in the second phase of the lithium hydroxide project in Australia.

cls.cnJan 23 10:57 ET

Star Evening News | Baiwei Storage expects to turn losses into profits in 2024. Aisen Co., Ltd. and Fumiao Technology will be suspended from trading tomorrow.

① The Ministry of Commerce responds to the U.S. hope of owning 50% of TikTok's shares; ② The Dutch Prime Minister indicates that export policies to China should be decided independently; ③ ByteDance launches a long-term research project on AGI codenamed SEED Edge.

cls.cnJan 23 08:04 ET

The net profit in 2024 is expected to reach 32 billion yuan, with Zijin Mining Group achieving its best performance since listing. Production expectations for 2025 are anticipated to decline slightly | Interpretations

① Zijin Mining Group's net profit is expected to increase by more than 50% in 2024, achieving the best annual performance since its listing; ② The company's recently announced production plan for 2025 has substantially reduced growth expectations compared to previous forecasts.

cls.cnJan 21 10:20 ET

Another 20 companies added this week! Zhejiang Huayou Cobalt and several other stocks have disclosed shareholding repurchase and loan plans, a list of related A-shares is provided.

① The number of A-share listed companies receiving special loan support continues to expand. According to incomplete Statistics, as of this report, 20 listed companies have disclosed information regarding share repurchase and increased shareholding related to re-loaning this week (attached table); ② Zhejiang Huayou Cobalt has the highest amount of special loan funds, with a loan of 0.36 billion yuan.

cls.cnJan 18 04:50 ET

BYD's overseas strategy: Brazil is a top priority, ASEAN is the present, Europe is the future.

Morgan Stanley stated that exports remain a key pillar for BYD to achieve sales growth in 2025, until its overseas production bases are fully operational. Amid escalating geopolitical tensions in other regions, ASEAN and the Americas will become major sales markets for BYD.

wallstreetcnJan 16 01:01 ET