Analysis of Hong Kong Stock Market Hot Stock Ganfeng Lithium (01772.HK) - Lithium Demand Outlook Drives Stock Price Momentum

Ganfeng Lithium (01772.HK) is a leading global lithium product supplier, covering the entire industry chain of lithium resource development, deep processing, lithium metal smelting, lithium battery manufacturing and recycling, with products applied in new energy vehicles and other fields. As of December 12, 2025, the stock price was HK$47.92, with a market capitalization of HK$126.54 billion [1].

Chairman Li Liangbin predicted on November 17, 2025 that lithium demand would grow by 30%-40% in 2026, and lithium carbonate prices might rise to 150,000-200,000 yuan/ton [2]. This statement drove the Guangzhou Futures Exchange lithium carbonate futures up 9%, approaching the daily limit [2], and the company’s stock price rose 7.48% that day, while peers such as Shengxin Lithium Energy and Tianqi Lithium also rose sharply [2]. This aligns with the long-term growth trend of the lithium industry: the lithium-ion battery market is expected to have a compound annual growth rate of 17.65% from 2025 to 2033, with a scale exceeding US$250 billion by 2033 [3].

The stock price closed up 1.05% to HK$47.92 on the day [1], with a 109.72% increase over the past year [1], and a 52-week price range of HK$16.22-HK$63.35 [1]. The daily trading volume was 12.46 million shares, lower than the 3-month average of 27.21 million shares [1].

• Industry Level
  : UBS upgraded the rating of US lithium giant Albemarle (ALB) from Neutral to Buy on December 5, with a target price raised to US$185, citing rising lithium prices and potential supply shortages in the second half of 2026 [4].
• Company Level
  : As an industry leader, Ganfeng Lithium has significant advantages in its complete industrial chain, and the market is generally optimistic about its future performance.
• Investor Interest
  : The stock was included in the East Money App’s Hong Kong Stock Market Hot List, indicating strong retail investor attention [5].

1. The core logic of lithium demand growth remains the popularization of new energy vehicles and renewable energy storage needs; Ganfeng Lithium’s full industrial chain layout allows it to fully benefit from price increases.
2. The company chairman’s public forecast has a significant impact on market sentiment and stock prices, reflecting the leading enterprise’s voice in the industry.
3. Despite the large annual increase, current trading volume is below average, which may indicate a weakening of short-term chasing momentum.

:

• Lithium prices are highly volatile due to supply and demand; if demand growth is less than expected or supply increases, it will impact the company’s performance.
• Net profit in the first half of 2025 was negative, with earnings per share of -0.27 yuan [1], and there is short-term profit pressure.
• The lithium industry is highly competitive, and capacity expansion may compress profit margins.
• Changes in global new energy policy support will affect lithium demand.

:

• The long-term growth trend of lithium demand is clear; as a leader, the company is expected to continue to benefit.
• If lithium prices rise as predicted in 2026, it will significantly improve the company’s profitability.

Ganfeng Lithium has become a hot stock in Hong Kong due to the optimistic outlook for lithium demand and prices, with strong stock price performance over the past year. The company’s complete industrial chain layout and industry position give it competitive advantages, but risks such as lithium price fluctuations and profit pressure need to be noted. The market has high expectations for the long-term growth of the lithium industry, but short-term trading needs to pay attention to changes in trading volume.