Jiangsu Lopal Tech. Group (02465) announced that it expects to achieve a net profit attributable to shareholders of approximately 373 million to 448 million yuan in the first half of the year, turning losses into profits year-on-year.

Jiangsu Lopal Tech. Group (02465) announced that it is expected to achieve a net profit attributable to shareholders of the listed company of approximately RMB 373 million to RMB 448 million in the first half of 2026. It is also expected to achieve a net profit attributable to shareholders of the listed company excluding non-recurring gains and losses of approximately RMB 375 million to RMB 450 million in the first half of 2026. Both are expected to turn losses into profits year-on-year. During the reporting period, the overall performance of the company turned losses into profits compared to the same period last year. Benefiting from the development of power batteries and energy storage batteries, the company's lithium iron phosphate business has seen varying degrees of growth in revenue and sales volume due to industry demand upstream and downstream, demonstrating economies of scale and a recovery in profitability.