Chengxin Lithium Group Co., Ltd. Class ASZSE: 002240

Chengxin Lithium Group: Revenue rose but net profit turned negative as lithium prices fell and asset impairments increased

· Issued by Chengxin Lithium Group Co., Ltd. Class A

Revenue grew 10.54% year-over-year to ¥5.06 billion, but net profit fell to -¥888 million due to lower lithium prices and asset impairments. The company expanded global lithium capacity, completed a major mining acquisition, and is focusing on cost control and risk management amid volatile market conditions.

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