Jiangsu Lopal Tech. Group (02465) announced its interim results, with a net profit attributable to the parent company of approximately 421 million yuan, turning a profit compared to the same period last year.

Jiangsu Lopal Tech. Group (02465) announced its interim results for 2026, reporting an operating income of approximately 7.198 billion yuan, a year-on-year increase of 98.75%; the net profit attributable to shareholders of the listed company was approximately 421 million yuan, achieving a turnaround from loss to profit; with basic earnings per share at 0.59 yuan. The announcement stated that the revenue growth was mainly due to the increase in income from lithium iron phosphate cathode materials during the reporting period. During the reporting period, in order to seize the development opportunities in the new energy industry and meet the growing demand from the downstream market for lithium iron phosphate products, as well as to further solidify the companys production capacity foundation and enhance market supply capability and core competitiveness, the company actively promoted the capacity construction layout. In the reporting period, the company officially launched the construction of 120,000 tons of high-pressure solid lithium iron phosphate capacity in Changzhou Jintan Phase I, and plans to advance the construction project for 120,000 tons of lithium iron phosphate capacity in Indonesia Phase III. The new capacity is an important deployment made by the company based on market layout and its own development strategy, which is beneficial for optimizing the capacity structure, expanding production scale, providing a solid capacity foundation for market expansion, ensuring customer demand, and sustaining performance growth, and will further consolidate the companys market position in the lithium iron phosphate industry.