Financial Wire

Jiangsu Lopal Tech Expects Q1 Profit; Shares Up 19%

-- Jiangsu Lopal Tech (SHA:603906, HKG:2465) said it expects 200 million yuan to 250 million yuan in attributable profit for the first quarter of 2026, a turn around from 25.9 million yuan loss in the same quarter of 2025, according to a Hong Kong bourse filing Wednesday.

Shares of the automotive specialty chemicals seller gained over 19% in late morning Hong Kong trade Thursday.

Operating revenue is expected to rise 107.5% to 126% to 3.30 billion yuan to 3.60 billion yuan, the firm said.

The firm attributed the turn around to a growth in its lithium iron phosphate business.

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