HK Stock Market Move | Jiangsu Lopal Tech. Group (02465) rose more than 13% in early trading, expecting to turn losses into profits in the first quarter on a year-on-year basis. The lithium iron phosphate business benefits from increased downstream demand.

Jiangsu Lopal Tech. Group (02465) rose more than 13% in early trading, rising to 13.64% as of the time of the report, at 15.07 Hong Kong dollars, with a turnover of 75.7523 million Hong Kong dollars. On the news front, on April 15th, Jiangsu Lopal Tech. Group announced that it expects the first quarter revenue for 2026 to be between 3.3 billion yuan and 36 billion yuan, an increase of 107.25% to 126.09% year-on-year, achieving significant growth. It is expected that the total profit for the first quarter of 2026 will be between 280 million yuan and 330 million yuan, an increase of 901.17% to 1,044.24% year-on-year, achieving a turnaround from loss to profit. The company expects to achieve a net profit attributable to shareholders of the listed company of 2 billion yuan to 2.5 billion yuan in the first quarter of 2026, achieving a turnaround from loss to profit; and expects to achieve a net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of 1.8 billion yuan to 2.3 billion yuan in the first quarter of 2026, achieving a turnaround from loss to profit. The announcement stated that the main reasons for the increase in performance in this period are: during the reporting period, the company's main lithium iron phosphate business was influenced by demand from industry upstream and downstream, with revenue and sales volume showing different degrees of growth, demonstrating economies of scale and a recovery in profitability.