On September 2, GANFENGLITHIUM (01772.HK) declined 3.41% in regular trading to HK$38.86, with turnover of approximately HK$33.13 million. The pullback comes amid broad sector weakness and apparent profit-taking following the company's strong half-year results and a sharp pre-earnings rally.

The company reported H1 revenue of 23.097 billion yuan, up 175.75% year-over-year, with attributable net profit swinging to 4.257 billion yuan from a loss of 536.2 million yuan a year earlier. Despite the robust earnings turnaround, the stock had already surged over 7% on August 21 and over 6% on August 24, leaving room for near-term consolidation. Management noted at the August 31 briefing that lithium prices are supported by fundamentals in the short term, with industry inventory at very low levels.

Adding to selling pressure, BlackRock disclosed a reduction in its long position in GANFENGLITHIUM H-shares from 8.52% to 7.36%. The broader Specialty Chemicals sector also traded uniformly lower, with peer TIANQI LITHIUM down 2.61% and DONGYUE GROUP down 2.68%.

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