Jiangsu Lopal Tech. Group (02465) released its annual performance report with a net loss of 173 million yuan, a year-on-year narrowing of 73.25%.

Jiangsu Lopal Tech. Group (02465) released its annual performance as of December 31, 2025. The group achieved a revenue of 8.938 billion yuan during the period, an increase of 16.42% year-on-year. The net loss attributable to the shareholders of the listed company was 173 million yuan, a decrease of 73.25% year-on-year, with a basic loss per share of 0.26 yuan. The announcement stated that the main reason for the reduced loss during the period was the increase in demand for power batteries and energy storage batteries, leading to an increase in demand for lithium iron phosphate, an improvement in the industry supply-demand structure, and the growth of the company's lithium iron phosphate cathode material business sales volume. The scale effect was reflected, and profitability showed signs of recovery, with losses significantly reduced compared to the same period of the previous year.