shares of ganfeng lithium were higher in the first trading session in china after the lunar new year break after the company said it expects 2022 net profits to quadruple from the previous year the shenzhenlisted lithium makers stock jumped as much as 60 in early trade monday widening its the yeartodate gains to 15 the benchmark shenzhen composite index was last 14 higher ganfeng lithium said in a late sunday filing to the hong kong stock exchange that it expects its 2022 net profit to range between 180 billion yuan us265 billion to cny220 billion supported by higher demand for lithium products and a significant increase in sales to the energy storage industry ganfeng lithiums 2021 net profit was cny522 billion shares of others chinese lithium producers which are major suppliers of electric vehicle battery makers were also higher following news of robust new energy vehicles sales during the lunar new year holiday eve energy co and tianqi lithium corp gained 77 and 54 respectively shares of battery maker contemporary amperex technology limited were last up 52 and while electric vehicles maker byd co gained 57 shares of ganfeng lithium was last 23 higher