LOPAL TECH (02465) saw its shares rise more than 13% during the morning trading session. At the time of writing, the stock was up 13.64%, trading at HK$15.07, with a turnover of HK$75.7523 million.

On April 15, the company issued an announcement projecting its revenue for the first quarter of 2026 to be between RMB 3.300 billion and RMB 3.600 billion. This represents a significant increase of 107.25% to 126.09% compared to the same period last year. Total profit for the first quarter of 2026 is expected to be in the range of RMB 280 million to RMB 330 million, a substantial growth of 901.17% to 1,044.24% year-on-year, indicating a shift from loss to profit.

The company anticipates net profit attributable to shareholders of the listed company to be between RMB 200 million and RMB 250 million for the first quarter of 2026, also marking a return to profitability. Furthermore, it expects net profit attributable to shareholders after deducting non-recurring gains and losses to be in the range of RMB 180 million to RMB 230 million, achieving a turnaround.

The announcement attributed the expected significant improvement in performance primarily to increased demand across the industry chain, which boosted both revenue and sales volume for the company's core lithium iron phosphate business. This led to enhanced economies of scale and a recovery in profitability.