Ganfeng Lithium's performance is closely related to lithium prices, with a comparison of performance in 2019 and 2022

Ganfeng Lithium's performance is closely related to its lithium price. In 2019, the price of lithium fell below 100,000 yuan/ton, and the company's revenue was 5.282 billion yuan, a year-on-year increase of 5.56%; net profit was 356 million yuan, a year-on-year decrease of 70.88%. In 2022, the price of lithium rose to 600,000 yuan/ton, and Ganfeng Lithium's operating income reached 41.823 billion yuan, a year-on-year increase of 274.68%; net profit attributable to the parent was 20.504 billion yuan, a year-on-year increase of 292.16%.