Hong Kong stock movement: GANFENGLITHIUM fell 10.78%, with poor earnings forecast and market wait-and-see sentiment putting dual pressure on the stock price

Hong Kong Stock Movement GANFENGLITHIUM fell 10.78%. Based on recent key news: On February 28, GANFENGLITHIUM released its 2025 performance forecast, expecting a net profit attributable to shareholders of between 1.1 billion and 1.65 billion yuan, but the net profit attributable to shareholders after deducting non-recurring items is expected to be between -600 million and -300 million yuan, indicating that the main business has not achieved a profit reversal, leading to a loss of market confidence and a decline in stock price. Source: Securities Market Weekly On March 2, the stock price of Ximei Resources rose, in which GANFENGLITHIUM holds a 15.79% stake, making it the second-largest shareholder. The market is cautious about GANFENGLITHIUM's layout in the strategic metals field, affecting stock price fluctuations. Source: Zhitong Finance On March 2, China International Capital Corporation expressed optimism about the lithium battery sector's spring offensive, noting that demand is recovering and the industrialization progress of solid-state batteries is favorable for the industry, but GANFENGLITHIUM still faces significant short-term performance pressure, failing to boost its stock price. Source: Caixin News, lithium battery sector demand is recovering, and industry prospects are optimistic. Stocks with High Trading Volume in the Industry Dongyue Group fell 7.09%, with a trading volume of 328 million HKD, and no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Tianqi Lithium fell 7.45%. Based on recent key news: On March 2, Tianqi Lithium announced an increase in its H-share registered capital, with the number of shares issued rising to 229 million shares due to the placement of new shares on February 11, leading to market concerns about share dilution, causing the stock price to fall. On March 2, Morgan Stanley increased its holdings in Tianqi Lithium by 595,307 shares, showing institutional confidence in its long-term value, but this was not enough to offset the negative sentiment in the market regarding share dilution. On March 2, an independent non-executive director resigned, and although there were no disagreements, the management change raised market concerns about corporate governance, affecting the stock price. The lithium battery sector demand is recovering, and industry prospects are optimistic. Global New Materials International rose 3.27%, with a trading volume of 30.7 million HKD, and no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Stocks with High Market Capitalization in the Industry Huabao International fell 4.11%, with a market capitalization of 13.6 billion HKD, and no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation