Ganfeng Lithium has revealed its forecast for the first quarter, projecting a net profit between 1.6 and 2.1 billion yuan. This represents a substantial year-on-year leap, ranging from 549.65% to 690.17%, in stark contrast to the 360 million yuan loss recorded during the same period last year. Throughout the reporting period, the global new energy sector witnessed swift growth, characterized by a sharp uptick in demand for lithium salts from downstream clients. This trend fueled a remarkable escalation in the selling prices of Ganfeng Lithium's lithium salt offerings. Concurrently, the company's lithium resource projects saw a gradual expansion in capacity, accompanied by ongoing enhancements in its cost structure. Furthermore, the consistent expansion of the power battery and energy storage markets contributed to a significant boost in both production and sales volumes within the lithium battery division.