赣锋锂业：2025年中报

目錄CONTENTS 2Corporate Information5Definitions7Financial Highlights10Management Discussion and Analysis87Supplementary Information91Interim Condensed Consolidated Statement of Profit orLoss92Interim Condensed Consolidated Statement of ComprehensiveIncome93Interim Condensed Consolidated Statement of FinancialPosition96Interim Condensed Consolidated Statement of Changes inEquity98Interim Condensed Consolidated Statement of Cash Flows102Notes to Interim Condensed Consolidated FinancialInformation CORPORATE INFORMATION Executive Directors 202542820254282025428 Li Liangbin(Chairman)Wang Xiaoshen(Vice Chairman and President)Shen HaiboHuang Ting(appointed on 28 April 2025)Li Chenglin(appointed on 28 April 2025)Deng Zhaonan(retired on 28 April 2025) Non-executive Directors 2025428 Luo RongYu Jianguo(retired on 28 April 2025) Independent Non-executive Directors Wang JinbenWong Ho KwanXu YixinXu Guanghua Supervisors Huang Hua’anGuo HuapingZou Jian Company Secretary Cheung Kai Cheong Willie Authorized Representatives Li LiangbinCheung Kai Cheong Willie Audit Committee 20254292025429 Wang Jinben(Chairman)Wong Ho KwanXu Guanghua(appointed on 29 April 2025)Xu Yixin(retired on 29 April 2025) Remuneration Committee 20254292025429 Xu Yixin(Chairman)Luo RongWong Ho Kwan(appointed on 29 April 2025)Xu Guanghua(retired on 29 April 2025) 公司資料（續）Corporate Information (continued) Nomination Committee 20254292025428 Xu Guanghua(Chairman)Luo Rong(appointed on 29 April 2025)Wang JinbenDeng Zhaonan(retired on 28 April 2025) Strategy Committee 2025429202542920254282025429 Li Liangbin(Chairman)Wang XiaoshenShen HaiboHuang Ting(appointed on 29 April 2025)Li Chenglin(appointed on 29 April 2025)Yu Jianguo(retired on 28 April 2025)Luo Rong(retired on 29 April 2025) Sustainable Development Committee 20254292025428 Wang Xiaoshen(Chairman)Li Chenglin(appointed on 29 April 2025)Wong Ho KwanYu Jianguo(retired on 28 April 2025) Registered Office Longteng Road, Economic Development Zone, Xinyu, Jiangxi Province, PRC Principal Place of Business in Hong Kong 24840 40/F, Dah Sing Financial Centre248 Queen’s Road EastWanchaiHong Kong Company Website http://www.ganfenglithium.com http://www.ganfenglithium.com International Auditor Ernst & Young(Public Interest Entity Auditor registered under the Accountingand Financial Reporting Council Ordinance) Domestic Auditor Ernst & Young Hua Ming LLP Corporate Information (continued) Hong Kong Share Registrar and Transfer Office 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong Stock Code H1772 H Shares1772(Stock Exchange) A002460 A Shares002460(SZSE) Legal Counsel Han Kun Law Offices LLP “Articles of Association” “Audit Committee” “Board” H “Hong Kong” LCE“LCE” FINANCIAL HIGHLIGHTS INTERIM RESULTS FOR THE SIX MONTHS ENDED30 JUNE 2025FOR THE PERIOD RevenueGross profitLoss attributable to owners of the parentLoss per share Financial Highlights (continued) Revenue Breakdown by Product Categories 財務摘要（續）Financial Highlights (continued) Revenue Breakdown by Sales Regions For the six months ended 30 June 2025 Gross Profit Breakdown by Product Categories MANAGEMENT DISCUSSION AND ANALYSIS INDUSTRY REVIEW 1. 1.Analysis of lithium resource market 2025150.2LCE14.6%76.0LCE56.7LCE17.5LCE51%38%11% The majority of global lithium resources are sourced from salt lakesand hard rock lithium mines. Well-developed salt lakes are mainlyfound in the lithium delta of South America and in China, while themajority of lithium mines are concentrated in Australia. In recentyears, stimulated by demand in the end-user market, there has beenan increased investment and development in lithium resources,leading to a diversification of supply. According to the data fromYangtze Securities Research Institute, the global supply of lithiumresource is expected to reach 1,502,000 tons of lithium carbonateequivalent (“LCE”) in 2025, representing a year-on-year increase of14.6%, among which 760,000 tons of LCE, 567,000 tons of LCE and175,000 tons of LCE are sourced from spodumene, salt lakes andlepidolite, accounting for 51%, 38% and 11%, respectively. INDUSTRY REVIEW (Continued) 1. 1.Analysis of lithium resource market (Continued) (1) (1)Market of spodumene concentrate Fastmarkets202565%-6%620-6402025850-90025%-31%20252025Goulamina Australia is one of the world’s largest producers of lithium ore,with a well-developed mining industry, comprehensive lawsand regulations, and good infrastructure. According to the datafrom Fastmarkets, as of June 2025, the domestic CIF price of5%-6% spodumene concentrate was around USD620-640per ton, representing a decrease of 25%-31% from the priceof USD850-900 per ton at the beginning of 2025. In Australia,being an important source of global lithium resources, thesupply of lithium ore from major producers is relatively stable.In the first half of