On April 15, Lopal Technology announced that it expects to achieve operating revenue of Yuan 3.30 billion to 3.60 billion for the first quarter of 2026, representing a substantial year-on-year increase of 107.25% to 126.09%. The company expects to achieve net profit attributable to shareholders of the listed company of Yuan 200 million to 250 million, a year-on-year increase of 870.75% to 1,063.44%, turning losses into profits.
The significant change in performance is mainly attributable to the lithium iron phosphate (LFP) business, which, driven by upstream and downstream demand in the industry, has seen varying degrees of growth in both revenue and sales volume, reflecting economies of scale and a recovery in profitability. At the same time, the company has adhered to product innovation and service upgrades, seizing market opportunities to drive steady business growth.
Join Mysteel's April 30 webinar to explore whether supply disruptions will drive the next leg higher for lithium and nickel markets in Q2 2026. https://www.mysteel.net/event-listings/100067-q2-2026-lithium-and-nickel-will-supply-disruptions-fuel-further-price-hikes
Edited by Cassie Li, lixiangying@mysteel.com
