On March 30, Jiangxi Ganfeng Lithium Group Co., Ltd. released its 2025 Annual Report and simultaneously disclosed an announcement regarding a capital increase for its holding subsidiary, Jiangxi Ganfeng LiEnergy Technology Co., Ltd.
According to the announcement, Ganfeng Lithium plans to increase the capital of its holding subsidiary, Jiangxi Ganfeng LiEnergy Technology Co., Ltd., at a price of 3 RMB per 1 RMB of registered capital, with the total capital increase not exceeding 1 billion RMB.
The core purpose of this capital increase is to enhance Ganfeng LiEnergy's financial strength, meet the funding needs for its daily operations, and simultaneously reduce its asset-liability ratio. This will help Ganfeng Lithium deepen its strategic layout of upstream and downstream integration within the lithium ecosystem and promote the sustainable, high-quality development of the enterprise.
The 2025 Annual Report, disclosed concurrently with the capital increase announcement, shows that the company achieved dual growth in both operating revenue and net profit over the past year.
During the reporting period, Ganfeng Lithium achieved an operating revenue of 23.082 billion RMB, representing a year-on-year increase of 22.08%. Among this, the net profit attributable to shareholders of the listed company was 1.613 billion RMB, a year-on-year increase of 177.77%. As of the end of 2025, the company's total assets stood at 113.258 billion RMB, an increase of 12.32% compared to the end of the previous year; the net assets attributable to shareholders of the listed company were 45.145 billion RMB, an increase of 8.05% compared to the end of the previous year.
Broken down by sector, the lithium battery and cell business showed rapid growth momentum, achieving an operating revenue of 8.234 billion RMB. This represents a substantial year-on-year increase of 39.63% and accounts for 35.67% of the total operating revenue, indicating a continuously expanding business proportion.
Based on the core demands of the energy storage market, the company has focused its product development on the technological directions of high safety, long cycle life, high energy efficiency, and large capacity for energy storage cells, continuously reducing the per-kilowatt-hour cost throughout the entire life cycle of energy storage. In 2025, the 314Ah battery cells saw continuous high-volume shipments, and the company completed the development of 392Ah and 588Ah large-capacity cell products as well as long-cycle cell products, further perfecting its product matrix.
In terms of the energy storage business, the company takes the two-wheel drive strategy of "distributed on the user side + centralized on the grid side" as its main development line, accelerating the construction of a full-industry-chain ecosystem for energy storage.
During the reporting period, the company participated in the construction of multiple large-scale energy storage power station projects, creating new performance growth points, and reached a partnership with the French Electric Power Group (EDF) to promote its business's entry into the mainstream European market.
At the same time, the 5MWh standard energy storage cabin achieved scaled mass production, with projects covering multiple regions domestically. The company also launched a 6.25MWh containerized energy storage system, demonstrating a continuous upgrade in its product capabilities.
In the field of cutting-edge technology, the company has continuously ramped up its research and development of solid-state batteries and achieved breakthroughs. The 400Wh/kg battery based on lithium metal anode technology has exceeded a cycle lifespan of 1,100 times and completed engineering verification, while the 500Wh/kg-class 10Ah product has achieved small-batch mass production.
Source：EnergyTrend