Both "dual giants" suffered huge losses, with GANFENGLITHIUM expected to incur a loss of over 1.4 billion in 2024 | Interpretations

① GANFENGLITHIUM expects a net loss of 1.4 billion to -2.1 billion yuan last year, compared to a net income of 4.95 billion yuan in the same period last year; ② GANFENGLITHIUM stated that the performance change was mainly affected by the decline in sales prices of lithium salts and Lithium Battery products, the price decline of the financial assets held by the company, and additionally, the company recorded impairment provisions for inventories and related assets; ③ The so-called "dual heroes" of Tianqi Lithium Corporation and GANFENGLITHIUM both experienced a loss after profit, resulting in the worst performance since their listing.

cls.cnJan 24 23:22

Counter the EU! Three major car manufacturers have filed a lawsuit against the EU's anti-subsidy tax.

Leading Chinese automobile companies have retaliated against the European Union's imposition of anti-subsidy tariffs.

Securities TimesJan 24 20:06

Express News | The Ministry of Commerce and eight other departments: Stabilize and expand Consumer in Autos, cultivate and grow consumption of Asia Vets in New energy Fund.

BreakingsJan 24 19:06

China Automobile Circulation Association: From January 13 to 19, the average daily transaction volume of used Autos was 0.0642 million vehicles, a decrease of 2.78% compared to last week.

The China Autos Circulation Association released the weekly report on used cars (January 13, 2025 - January 19, 2025).

Zhitong FinanceJan 23 14:11

The direction has been set! Local "two sessions" are hotly discussing new energy vehicles and the low-altitude economy. The entire Industry Chain is pressing the "accelerator button" to improve quality and efficiency.

According to preliminary statistics from the Financial Associated Press, over half of the provinces in the 2025 government work reports across 31 provinces clearly mentioned the New energy Fund industry; nearly 10 provinces referred to the low-altitude economy. Seven provinces have set targets for the production volume, output value, and construction of Charging Stations for New energy Fund vehicles.

cls.cnJan 22 11:30

Hong Kong stocks issued "Chinese New Year red envelopes"! The technology index has risen for six consecutive days, with the strongest component stocks increasing nearly 28%! What is the outlook for the future market?

According to the Statistics, as of January 17, the net Inflow of southbound funds into Hong Kong stocks this year has reached 107.421 billion Hong Kong dollars. In 2024, the Inflow of southbound funds is only 744 billion Hong Kong dollars. Clearly, southbound funds are aggressively bottom-fishing for Hong Kong Assets.

Futu NewsJan 21 17:22