LOPAL TECH (02465) surged over 7%. As of press time, the stock rose 7.67% to HK$9.69, with trading volume reaching HK$126 million.

On the news front, on September 4, the Ministry of Industry and Information Technology and the State Administration for Market Regulation jointly issued the "Electronic Information Manufacturing Industry Steady Growth Action Plan 2025-2026." The Action Plan clearly states that high-quality development in areas such as photovoltaics should be achieved by breaking "involutionary" competition and legally addressing low-price competition in photovoltaic and other products. It guides local governments to orderly deploy photovoltaic and lithium battery industries and instructs localities to review capacity situations. The Action Plan also points out the need to improve collaborative research efficiency and support basic research in frontier technology directions such as artificial intelligence, advanced storage, three-dimensional heterogeneous integrated chips, and all-solid-state batteries.

Additionally, a major conference is approaching, and the battery sector may welcome allocation opportunities. The Society of Automotive Engineers of China will hold a review meeting for 10 solid-state battery group standards including "Solid-State Battery Material Evaluation Mold Battery Assembly Method" and launch 5 standard projects including "Evaluation Method for Hydrogen Sulfide Gas Generation in Sulfide All-Solid-State Batteries" in Beijing from September 10-11.

In the first half of this year, LOPAL TECH achieved revenue of RMB 36.22 billion, up 1.5% year-on-year; the company's attributable loss to owners was RMB 84.194 million, narrowing by 61.6% year-on-year.

A research report indicates that the company leads in overseas capacity construction and is deeply bound with leading customers, improving capacity utilization certainty. The improvement in industry concentration and prosperity is expected to bring considerable performance flexibility.