What caused GANFENG Lithium's H1 2026 net profit to surge from a loss of RMB 530 million in H1 2025 to an estimated RMB 3.65–4.6 billion?

According to the news, GANFENG Lithium's H1 2026 net profit surged due to four key factors: (1) a significant increase in lithium salt product selling prices; (2) the release of production capacity from lithium resource projects, which optimized costs; (3) growing energy storage market demand that boosted sales and output in its lithium battery segment; and (4) investment gains from the sale of part of its shares in Australian Pilbara Minerals (ASX: PLS).

How did lithium price dynamics directly impact GANFENG Lithium’s financial turnaround in the first half of 2026?

The news explicitly states that the 'rebound in lithium prices drove widespread profit growth across the lithium carbonate industry' and that GANFENG Lithium’s performance improvement was 'mainly driven by the significant increase in lithium salt product selling prices'—confirming lithium price recovery as the primary catalyst for its shift from RMB 530 million net loss in H1 2025 to an estimated RMB 3.65–4.6 billion net profit in H1 2026.

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