Ganfeng Lithium, Zhiguang Electric, East Group and CORUN have released their 2025 annual performance forecasts. All four companies turned profitable in 2025, with outstanding results including a turnaround from losses and a substantial earnings surge. The rapidly growing energy storage business has become one of the core factors driving their financial performance.
Ganfeng Lithium: Expected Net Profit of RMB 1.1 Billion to RMB 1.65 Billion
In the evening of January 27, Ganfeng Lithium issued its 2025 annual performance forecast, expecting a attributable net profit of RMB 1.1 billion to RMB 1.65 billion in 2025, a turnaround from a loss of RMB 2.074 billion in the same period of the previous year; its non-recurring profit and loss net profit was a loss of RMB 300 million to RMB 600 million, compared with a loss of RMB 887 million in the same period of the previous year.
Regarding the reasons for the performance change, Ganfeng Lithium stated that during the reporting period, the rising share price of Pilbara Minerals Limited (PLS) held by the company generated a fair value change gain of approximately RMB 1.03 billion in total.
In addition, the company recognized the corresponding investment income by transferring part of the equity of its holding subsidiary Shenzhen ESS Digital Smart Energy Group Co., Ltd. and successfully introducing strategic investors.
Notably, according to the 2025 semi-annual report, affected by the shift in supply and demand patterns and fluctuations in the lithium product market in the first half of the year, the sales prices of lithium salts and lithium battery products declined, leading to a year-on-year drop in Ganfeng Lithium's operating performance. The company posted a loss of RMB 531 million in the first half of 2025.
Zhiguang Electric: Turnaround from Loss to Profit in 2025
On January 27, Zhiguang Electric disclosed its annual performance forecast, expecting an annual attributable net profit of RMB 110 million to RMB 160 million in 2025, a year-on-year increase of 133.69% to 149.01%, marking a turnaround from a loss of RMB 326 million in the same period of the previous year; its expected non-recurring profit and loss net profit was a loss of RMB 110 million to RMB 160 million, a year-on-year loss reduction of 47.58% to 63.96% (compared with a loss of RMB 305 million in the same period of the previous year).
According to the announcement, the main reasons for the performance change are the rapid development of the company's energy storage business during the reporting period, with a substantial growth in order volume and revenue, as well as the good benefits of the commissioned independent energy storage power stations, leading to a significant increase in gross profit margin in the reporting period.
In addition, affected by the valuation change of Guangdong Core Semiconductor in which the company has an indirect investment, the company's fair value change profit and loss saw a substantial growth in the reporting period.
East Group: Expected Net Profit of RMB 24 Million to RMB 35 Million
East Group released its 2025 performance forecast, expecting an attributable net profit of RMB 24 million to RMB 35 million in 2025, a year-on-year decrease of 81.50% to 87.32% compared with RMB 189 million in the same period of the previous year; its expected net profit after deducting non-recurring gains and losses was RMB 130 million to RMB 151 million, a year-on-year decrease of 5.06% to 18.27% compared with RMB 159 million in the same period of the previous year.
East Group stated that in 2025, the company focused on its core digital energy business and achieved steady revenue growth. However, affected by intensified industry competition, adjustment of product sales structure and prominent industry involution, the overall gross profit margin came under pressure and declined, leading to a drop in profits.
The substantial decline in attributable net profit was mainly due to the expected non-recurring profit and loss impact of RMB 111 million, a significant increase from RMB 30 million in the same period of the previous year, which was caused by the increase in accrued estimated liabilities for investor litigation arising from the company's securities misrepresentation, and this matter is classified as a non-recurring profit and loss item.
CORUN: Energy Storage Business Becomes a New Engine for Profit Growth
In the evening of January 26, CORUN issued an announcement on the expected growth of its 2025 annual performance. The announcement showed that CORUN expected an attributable net profit of RMB 135 million to RMB 158 million in 2025, a year-on-year increase of 72.76% to 102.20%; its expected non-recurring profit and loss net profit was RMB 75 million to RMB 98 million, a year-on-year increase of 1156.74% to 1542.15%.
The performance forecast indicated that the reasons for the expected earnings growth in the current period include the steady growth maintained by the traditional nickel battery business segment, as well as the rapid revenue growth of the emerging energy storage business and the growth of investment income from associated enterprises. Among them, the emerging energy storage business segment has become a new engine for CORUN's profit growth.
It is reported that in 2025, CORUN continued to increase strategic investment in the energy storage business and accelerated the implementation of projects. By building an innovative consortium model for the large-scale energy storage ecosystem and taking the independent energy storage power station scenario as the entry point, the company successfully won a number of energy storage integration orders, thus driving a rapid growth in operating revenue and a substantial year-on-year increase in net profit.
Source：EnergyTrend
