On January 29, Lopal Technology announced that it expects to report a net loss attributable to shareholders of the listed company in the range of Yuan 148 million to 180 million for the full year of 2025.
During 2025, the company's lithium iron phosphate (LFP) cathode material business continued to experience low gross margins due to factors such as fluctuations in the price of raw material lithium carbonate. The performance was further impacted by inventory write-downs on certain products, asset impairments, and significant non-recurring gains or losses arising from changes in the fair value of financial liabilities, including minority shareholder repurchase rights and convertible and redeemable preferred shares. As a result, the company remained in a loss-making position. However, through measures such as adhering to a differentiated product development strategy, actively pursuing overseas expansion opportunities, and implementing cost reduction and efficiency improvement initiatives, Lopal Technology managed to significantly narrow its losses in 2025 compared to the previous year.
Edited by Cassie Li, lixiangying@mysteel.com
