Core Viewpoint - The lithium industry is experiencing significant profit declines due to market fluctuations and reduced demand, impacting major companies like Tianqi Lithium and Ganfeng Lithium [1] Group 1: Tianqi Lithium - Tianqi Lithium expects a net profit of 6.62 billion to 8.95 billion yuan for 2023, representing a year-on-year decline of 62.9% to 72.56% [1] - The decrease in profit is attributed to the decline in sales prices of lithium chemical products compared to the previous year, leading to reduced gross margins [1] Group 2: Ganfeng Lithium - Ganfeng Lithium anticipates a net profit of 4.2 billion to 6.2 billion yuan for 2023, reflecting a year-on-year decrease of 69.76% to 79.52% [1] - The company's profit decline is influenced by the cyclical nature of the lithium industry, with slowing end-user demand and significant price drops in lithium salt products [1] - The price drop of lithium ore raw materials is less than that of lithium salt and downstream products, resulting in a decrease in gross margin [1]
天齐锂业、赣锋锂业发布业绩预告