Chengxin Lithium Forecasts Up to 243% Rise in H1 Profit

Chengxin Lithium (SHE:002240) expects its attributable profit to rise 219% to 243% to between 1 billion yuan and 1.20 billion yuan in the first half from 841 million yuan in the year-ago period, according to a Thursday filing with the Shenzhen bourse. The lithium miner forecasts earnings per share to rise to 1.09 yuan and 1.31 yuan from 0.92 yuan a year earlier. Chengxin attributed the forecast to higher sales due to price increases of its lithium salt products.