On July 13, Lopal Technology announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be in the range of Yuan 373 million to 448 million, representing a turnaround from a loss to a profit year-on-year. The change in performance is primarily attributable to the development of power batteries and energy storage batteries, which has driven growth in revenue and sales volume of its lithium iron phosphate (LFP) business and restored profitability.
Note: The company's Q2 net profit is estimated at Yuan 159 million to 234 million, compared with Q1 net profit of Yuan 214 million. Based on this, the Q2 net profit is projected to decrease by 25% to increase by 8% year-on-year.
Edited by Cassie Li, lixiangying@mysteel.com
