Jiangsu Lopal Tech. Group Co., Ltd. (Lopal Tech) released unaudited preliminary results for FY2025, showing a marked recovery driven by robust demand for lithium iron phosphate (LFP) cathode materials used in power batteries and energy-storage cells.

Revenue and Profitability • Total operating income reached RMB 8.94 billion, up 16.42% year on year. • Operating loss narrowed to RMB 235.50 million from RMB 742.76 million a year earlier. • Total loss before tax shrank to RMB 223.55 million versus RMB 732.42 million in FY2024. • Net loss attributable to shareholders decreased 73.3% to RMB 172.53 million (FY2024: RMB 644.97 million). • Excluding non-recurring items, core net loss was RMB 39.31 million, a YoY reduction of 94.4%. • Basic EPS improved to –RMB 0.26 from –RMB 1.11; weighted average ROE climbed 15.09 percentage points to –6.10%.

Balance-Sheet Movements • Total assets expanded 16.30% to RMB 18.67 billion. • Equity attributable to shareholders declined 10.79% to RMB 2.83 billion, reflecting accumulated losses and equity dilution. • Share capital increased 3.01% to 685.08 million shares after the placement of 20 million new H shares. • Net asset value per share slipped 13.42% to RMB 4.13.

Operational Drivers Management attributes the earnings rebound to improving supply–demand dynamics in the LFP market. Rising uptake of electric vehicles and energy-storage systems lifted LFP sales volumes, enhancing economies of scale and partially restoring profitability.

Audit Status and Risk Reminder The disclosed figures are preliminary and unaudited; final results will appear in Lopal Tech’s 2025 annual report. The company reports no major uncertainties affecting these estimates but advises investors to consider normal audit-adjustment risk.