Jiangsu Lopal Tech. Group (02465) issued a profit warning, expecting the net loss attributable to the parent in 2025 to decrease significantly to approximately 180 million yuan to 148 million yuan.

Jiangsu Lopal Tech. Group (02465) announced that, according to the preliminary calculations of the financial department, it is expected to achieve a net loss attributable to the owners of the parent company of approximately 180 million to 148 million yuan in 2025, a significant decrease compared to the same period last year. It is expected to achieve a net loss attributable to the owners of the parent company of approximately 39.5014 million to 29.1898 million yuan in 2025, excluding non-recurring gains and losses. In 2025, the company's lithium iron phosphate cathode material business was affected by factors such as fluctuations in raw material lithium carbonate prices, and the gross profit margin remained low. In addition, the impact of inventory write-down losses on certain products, asset impairments, as well as significant non-recurring gains and losses due to changes in the fair value of financial liabilities such as the repurchase rights of minority shareholders, convertible, and redeemable preferred shares, resulted in the company still experiencing losses. Through initiatives to reduce losses such as adhering to a strategy of product differentiation, actively seeking opportunities overseas, and implementing cost reduction and efficiency enhancement principles, the company significantly reduced its losses in 2025 compared to the previous year.