Ganfeng lithium, once annual profits of nearly 5 billion yuan of lithium giant, but recently due to an insider trading case into the storm. It is reported, Ganfeng lithium industry is suspected of insider trading "ST Jiangte" stock, was confiscated by the Securities and Futures Commission of the illegal income of 1.105 million yuan, and imposed a fine of 3.316 million yuan. This incident stems from a takeover case four years ago, and Ganfeng Lithium's mineral rights in Mexico are also facing challenges. To defend its rights and interests, Ganfeng Lithium has filed an arbitration with the International Center for Settlement of Investment Disputes (ICSID).

In 2023, although Ganfeng Lithium continued to make additional investments to expand its production capacity, its performance declined sharply, and its net profit shrank by less than 5 billion yuan. In this context, the company founder Li Liangbin's son Li Chengrin took over as vice president, market speculation or for the company handover precursor.

In the face of declining performance and succession issues, Ganfeng lithium can catch up with old rivals Tianqi lithium in the "big investment + big customers" mode, is still unknown.