HK Stock Market Move | Jiangsu Lopal Tech. Group (02465) rose nearly 6%, stock price hit a new high on the market, turned a loss into a profit of over 200 million yuan in the first quarter.

Jiangsu Lopal Tech. Group (02465) rose nearly 6%, hitting a high of HK$23.5 to set a new record high. As of the time of writing, it rose 5.86% to HK$23.48, with a trading volume of HK$36.3979 million. On the news front, Jiangsu Lopal Tech. Group recently announced that in the first quarter of 2026, its operating income was RMB 3.497 billion, a year-on-year increase of 119.61%; the net profit attributable to shareholders of the listed company was RMB 214 million, compared to a loss of RMB 25.949 million in the same period of the previous year, turning losses into profits. The announcement pointed out that the average selling price of the company's main product, automotive environmentally friendly fine chemicals, decreased by 1.75% year-on-year in the first quarter of 2026; the average selling price of lithium iron phosphate cathode materials increased by 55.77% year-on-year. Previously, Jiangsu Lopal Tech. Group announced that it had signed a legally binding list of terms with Australian lithium miner GL1 and its subsidiary GLR, planning to provide a prepayment of USD 75 million (equivalent to approximately RMB 0.51 billion) plus equity subscription to secure stable supply of lithium from the Western Australian Manna mine for the next ten years.