On September 4, GANFENGLITHIUM fell 3.35% in regular trading, trading at 36.92 HKD/share, with turnover of HKD 341 million, extending a streak of consecutive losses in recent sessions.

The decline was driven by persistent institutional selling pressure combined with weakening lithium carbonate prices. JPMorgan reduced its H-share long position from 6.51% to 6.03% as of August 28, while BlackRock had earlier cut its stake from 8.52% to 7.36% on August 19, sending a clear signal of foreign capital withdrawal. Meanwhile, spot lithium carbonate prices have continued retreating from Q2 highs to approximately RMB 150,000 per tonne. Adding to the headwinds, the reinstatement of a 4% consumption tax on lithium batteries effective September is expected to increase production-side tax burdens, further dampening sector sentiment.

Notably, the company reported strong H1 results on August 28, with revenue surging 175.75% year-over-year to RMB 23.1 billion and net profit of RMB 4.26 billion marking a turnaround from a year-ago loss. However, cyclical stock pricing tends to focus on marginal commodity prices rather than backward-looking earnings, limiting the positive impact. Peer TIANQI LITHIUM fell 2.98% on the same day, reflecting broad sector weakness.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)