HK Stock Market Move | Jiangsu Lopal Tech. Group (02465) falls more than 4% with an expected maximum net loss of about 180 million yuan in 2025.

Jiangsu Lopal Tech. Group (02465) fell by more than 4%, down 4.29% as of the time of the announcement, at 11.59 Hong Kong dollars, with a turnover of 38.3029 million Hong Kong dollars. On the news front, Jiangsu Lopal Tech. Group announced that, according to preliminary calculations by the financial department, it is expected to achieve a net loss attributable to the owners of the parent company of approximately 180 million yuan to 148 million yuan in 2025, a significant decrease compared to the same period last year. It is expected that the net loss attributable to the owners of the parent company, excluding non-recurring gains and losses, will be approximately 39.5014 million yuan to 29.1898 million yuan in 2025. The announcement states that in 2025, the company's lithium iron phosphate positive electrode material business was affected by fluctuations in the price of raw material lithium carbonate, with the gross profit margin still at a low level; combined with inventory write-down losses of certain products and asset impairment, as well as the significant non-recurring gains and losses arising from the fair value changes of financial liabilities such as minority shareholder repurchase rights, convertible, and redeemable preferred shares, the company's performance is still in a loss position.