Ganfeng Lithium Group Co., Ltd. Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Dec'18

Dec'17

Net Sales

36,257.21

48,109.03

13,309.15

6,167.53

5,949.01

5,791.84

4,809.76

Other Operating Income

0.00

Total Operating income

36,257.21

48,109.03

13,309.15

6,167.53

5,949.01

5,791.84

4,809.76

Raw Material Cost

31,239.70

24,461.16

8,076.34

4,865.85

4,545.73

3,714.49

2,897.44

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

1,934.37

1,660.55

1,044.53

466.98

562.69

551.10

248.24

Power Cost

0.00

Manufacturing Expenses

866.66

473.67

319.21

298.77

232.45

107.01

73.04

Selling and Distribution Expenses

1,471.94

1,355.48

672.43

303.16

376.75

449.73

199.71

Other Expenses

-141.87

-96.26

-95.57

-60.87

-70.49

-58.40

-27.75

Total Expenditure (Excl Depreciation)

34,093.99

26,988.22

9,156.76

5,326.07

5,012.74

4,238.28

3,140.93

Operating Profit (PBDIT) excl Other Income

2163.2

21120.8

4152.4

841.5

936.3

1553.6000000000001

1668.8

Other Income

2,492.23

891.09

333.30

237.74

92.65

406.20

170.64

Operating Profit (PBDIT)

3,843.04

22,557.03

4,984.49

1,305.44

1,271.86

2,136.15

1,948.14

Interest

866.66

473.67

319.21

298.77

232.45

107.01

73.04

Exceptional Items

633.09

458.69

2,678.08

565.22

-472.78

-221.19

946.53

Gross Profit (PBDT)

5,017.51

23,647.87

5,232.82

1,301.68

1,403.28

2,077.35

1,912.31

Depreciation

995.79

604.50

462.39

313.62

265.64

177.10

121.92

Profit Before Tax

2,613.68

21,937.54

6,880.97

1,258.27

300.99

1,630.85

2,699.70

Tax

755.23

2,695.69

430.26

71.57

137.29

192.64

313.86

Provisions and contingencies

0.00

Profit After Tax

5,505.70

23,843.56

6,298.34

1,152.13

409.05

1,583.14

2,416.35

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

5,505.70

23,843.56

6,298.34

1,152.13

409.05

1,583.14

2,416.35

Share in Profit of Associates

0.00

Minority Interest

-410.58

-49.95

226.75

43.74

-5.31

0.71

-0.57

Other related items

0.00

Consolidated Net Profit

5,095.13

23,793.61

6,525.09

1,195.87

403.75

1,583.84

2,415.77

Equity Capital

0.00

Face Value

1.1

1.12

1.22

1.19

0.0

1.2

Reserves

51,784.80

49,448.63

26,781.87

12,693.02

9,346.15

9,170.41

4,599.51

Earnings per share (EPS)

2.73

11.83

3.17

0.63

0.23

1.0

1.14

Diluted Earnings per share

2.73

11.83

3.17

0.63

0.23

1.0

1.14

Operating Profit Margin (Excl OI)

0.98%

43.78%

31.47%

12.23%

15.36%

26.81%

34.42%

Gross Profit Margin

9.96%

46.86%

55.18%

25.49%

9.52%

31.22%

58.66%

PAT Margin

15.19%

49.56%

47.32%

18.68%

6.88%

27.33%

50.24%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2023 is -24.64% vs 261.47% in Dec 2022

Consolidate Net Profit

YoY Growth in year ended Dec 2023 is -78.59% vs 264.65% in Dec 2022

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2023 is -93.77% vs 365.81% in Dec 2022

Interest

YoY Growth in year ended Dec 2023 is 82.96% vs 48.40% in Dec 2022

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2023 has fallen from Dec 2022

Compare Annual Results Of Ganfeng Lithium Group Co., Ltd. With

Select Peers

Figures in Million

Consolidate Annual Results

Change(HKD)

Change(%)

Net Sales

36,257.21

16,015.09

20,242.12

126.39%

Other Operating Income

0.00

Total Operating income

36,257.21

16,015.09

20,242.12

126.39%

Raw Material Cost

31,239.70

13,130.17

18,109.53

137.92%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

1,934.37

1,486.97

447.40

30.09%

Power Cost

0.00

Manufacturing Expenses

866.66

1.83

864.83

47,258.47%

Selling and Distribution Expenses

1,471.94

1,271.11

200.83

15.80%

Other Expenses

-141.87

-45.55

-96.32

-211.46%

Total Expenditure (Excl Depreciation)

34,093.99

15,434.55

18,659.44

120.89%

Operating Profit (PBDIT) excl Other Income

2,163.23

580.54

1,582.69

272.62%

Other Income

2,492.23

297.42

2,194.81

737.95%

Operating Profit (PBDIT)

3,843.04

2,026.75

1,816.29

89.62%

Interest

866.66

1.83

864.83

47,258.47%

Exceptional Items

633.09

0.00

633.09

Gross Profit (PBDT)

5,017.51

2,884.93

2,132.58

73.92%

Depreciation

995.79

1,341.80

-346.01

-25.79%

Profit Before Tax

2,613.68

683.12

1,930.56

282.61%

Tax

755.23

46.50

708.73

1,524.15%

Provisions and contingencies

0.00

Profit After Tax

5,505.70

782.11

4,723.59

603.95%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

5,505.70

782.11

4,723.59

603.95%

Share in Profit of Associates

0.00

Minority Interest

-410.58

-106.86

-303.72

-284.22%

Other related items

0.00

Consolidated Net Profit

5,095.13

675.25

4,419.88

654.55%

Equity Capital

0.00

Face Value

1.10

0.00

Reserves

51,784.80

16,288.52

35,496.28

217.92%

Earnings per share (EPS)

2.73

0.36

2.37

658.33%

Diluted Earnings per share

2.73

0.36

2.37

658.33%

Operating Profit Margin (Excl OI)

0.98%

2.42%

0.00

-1.44%

Gross Profit Margin

9.96%

12.64%

0.00

-2.68%

PAT Margin

15.19%

4.88%

0.00

10.31%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 3,625.72 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -24.64% vs 261.47% in Dec 2022

Annual - Consolidate Net Profit

Consolidate Net Profit 509.51 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -78.59% vs 264.65% in Dec 2022

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 135.08 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is -93.77% vs 365.81% in Dec 2022

Annual - Interest

Interest 86.67 Million

in Dec 2023

Figures in Million

YoY Growth in year ended Dec 2023 is 82.96% vs 48.40% in Dec 2022

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 0.98%

in Dec 2023

Figures in %

YoY Growth in year ended Dec 2023 has fallen from Dec 2022