LOPAL TECH's stock soared 5.21% during the intraday trading session on Friday, following the release of a positive profit alert.
The company forecasted first-quarter revenue between RMB 3.3 billion and RMB 3.6 billion, a year-on-year increase of 107.25% to 126.09%, and expects net profit attributable to shareholders to range from RMB 200 million to RMB 250 million, marking a turnaround from a loss in the same period last year.
This represents the first genuine profitability since its listing, driven by full-capacity operation of its lithium iron phosphate business, significant production and sales volumes, rising raw material prices such as lithium carbonate, synchronized increases in product selling prices, and gains from inventory cycle price differences, which have improved processing fees and profitability.