Stock Track | LOPAL TECH Soars 5.95% Intraday on Q1 Earnings Turnaround, LFP Full Capacity and Lithium Mine Acquisition

Stock Track04-23

LOPAL TECH's stock soared 5.95% during intraday trading on Thursday, reflecting strong investor sentiment.

The surge follows the company's profit alert indicating a Q1 net profit turnaround to 200-250 million RMB from losses year-over-year, with revenue projected to grow 107%-126% YoY to 3.3-3.6 billion RMB. This marks the company's first genuine return to profitability since listing.

Additionally, the company's lithium iron phosphate (LFP) cathode business is operating at full capacity, with Phase III expansion expected to be completed by May, adding 100,000 tonnes per year. The company also announced the acquisition of lithium exploration tenements in Western Australia and a strategic investment to secure annual supply of 70,000 tonnes of spodumene concentrate, deepening its upstream resource integration.

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