Jiangsu Lopal Tech Co LtdSwings to profit with strong revenue growth and improved margins.

Lopal Technology released its 2026 interim report, posting a net profit attributable to the parent of 421 million yuan in the first half, swinging from a loss of 85.15 million yuan in the same period last year. Revenue reached 7.2 billion yuan, up 98.7 percent year on year, while net profit attributable to the parent after deducting non-recurring items was 423 million yuan, compared with a loss of 132 million yuan a year earlier. In the second quarter, revenue was 3.7 billion yuan, up 82.4 percent year on year, and net profit attributable to the parent was 206 million yuan, versus a loss of 59.2 million yuan in the prior-year period. As of the end of the second quarter, total assets stood at 26.784 billion yuan, up 43.5 percent from the end of last year, and net assets attributable to the parent were 5.181 billion yuan, up 83.2 percent. The company focuses on lithium iron phosphate cathode materials and environmentally friendly fine chemicals for vehicles. During the reporting period, cathode material shipments reached 3.32 million tonnes, up 59 percent year on year, benefiting from national policy support and the development of the new energy vehicle market.
Jiangsu Lopal Tech Co LtdSwings to profit with strong revenue growth and improved margins.