LOPAL TECH has announced its financial forecast for the first half of the year.

The company projects a net profit attributable to shareholders of the listed company in the range of 3.73 billion to 4.48 billion yuan.

This projection indicates a significant turnaround from a loss to a profit compared to the same period last year.

Overall performance for the reporting period has improved, achieving profitability after last year's loss.

The company's lithium iron phosphate business has benefited from growth in the power battery and energy storage battery sectors.

Influenced by demand across the industry's supply chain, this segment has seen increases in both revenue and sales volume.

The realization of economies of scale has contributed to a recovery in the business's profitability.