Ganfeng Lithium's lithium product production and sales increased, but gross profit margin decreased

According to Ganfeng Lithium's annual report, the company achieved growth in the production and sales of basic chemical materials in 2023, with sales of 101,816.17 tons of LCE, a year-on-year increase of 4.57%; production was 104,253.83 tons of LCE, a year-on-year increase of 8.31%. However, due to the decline in lithium product prices, the company's gross profit margin fell to 12.53%, compared with 56.11% in the same period last year.