HK Stock Market Move | Jiangsu Lopal Tech. (02465) falls more than 4%, the lithium battery industry remains at the bottom of continuous operation, with an expected loss of up to 98.30 million yuan in the first half of the year.

Jiangsu Lopal Tech. (02465) fell more than 4%, and as of the time of publication, it dropped by 4.65% to 6.35 Hong Kong dollars, with a turnover of 42.895 million Hong Kong dollars. On the news side, Jiangsu Lopal Tech. announced that it expects to achieve a net loss attributable to the company's shareholders of 79.4302 million to 98.3003 million yuan in the first half of 2025, a decrease in loss compared to the same period last year. It is estimated that the net loss attributable to the company's shareholders after deducting non-recurring gains and losses in the first half of 2025 will be approximately 130 million to 161 million yuan. The company pointed out that currently, the overall new energy lithium battery industry is still in continuous operation at the bottom, with significant adjustments in the prices of lithium iron phosphate products and the impact of inventory write-down losses on some products. Despite the company's adherence to a differentiated product development strategy and efforts to reduce costs and increase efficiency, it is still difficult to reverse the situation in the short term.