HK Stock Market Move | Jiangsu Lopal Tech. Group (02465) rises more than 5%, institutions are optimistic about profit improvement in various links of the lithium battery industry chain material.

Jiangsu Lopal Tech. Group (02465) rose more than 5%, as of the time of publication, it increased by 4.8% to 14.84 Hong Kong dollars, with a turnover of 2.38 billion Hong Kong dollars. On the news front, Huatai research report predicts that lithium battery production in December will increase month-on-month, the overall business climate will continue to improve, and prices will rise in multiple sectors. The bank pointed out that with strong demand and significant slowdown in supply, the supply and demand for energy storage batteries and most lithium battery materials are already tight. Batteries, lithium hexafluorophosphate (6F), wet diaphragms, lithium iron phosphate, and negative electrodes are gradually reaching a turning point in price increases. The industry is bullish on the profitability improvement of the lithium battery industry chain materials at all levels, achieving both quantity and profit growth. Earlier, Jiangsu Lopal Tech. Group announced that the total sales amount to Chu Neng New Energy is expected to be adjusted from over 5 billion yuan to over 45 billion yuan. On May 9th of this year, Jiangsu Lopal Tech. Group signed a sales agreement for 150,000 tons of lithium iron phosphate cathode materials with Chu Neng New Energy, with the contract valid from April 30, 2025 to April 30, 2030. Now, the two parties have signed a supplementary agreement, extending the contract period until the end of 2030, with the sales volume of lithium iron phosphate cathode materials increased to 1.3 million tons.