On the morning of April 16, LOPAL TECH (02465.HK) showed significant strength, with intraday gains exceeding 20%. As of press time, the stock was trading at HK$16.29, with a turnover of HK$480 million. Trading volume expanded markedly, reflecting a rapid increase in market attention.

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Impressive Earnings Forecast: Revenue and Profit Both See Substantial Growth

On April 15, 2026, the company released its first-quarter earnings forecast, showing a significant improvement. The company expects revenue for Q1 to reach HK$3.3 billion to HK$3.6 billion, representing a year-on-year increase of approximately 107% to 126%, maintaining a high-growth trajectory. On the profit side, total profit is expected to be HK$280 million to HK$330 million, marking a significant turnaround from a loss. Net profit attributable to shareholders is expected to be HK$200 million to HK$250 million, while net profit excluding non-recurring items is projected at HK$180 million to HK$230 million, indicating a simultaneous recovery in core profitability and an improvement in operational quality.

Core Business Recovery Driven by Lithium Iron Phosphate Demand

The company attributed the earnings improvement mainly to the recovery of its lithium iron phosphate (LFP) business. During the reporting period, with the overall recovery of the new energy industry chain, demand from downstream power batteries and energy storage sectors rebounded, boosting sales and revenue of related products. Meanwhile, as shipment volume expanded, economies of scale gradually emerged, lowering unit costs and effectively restoring profitability, which became a key support for the earnings turnaround.

Industry Recovery Signals Window for Fundamental Improvement

From an industry perspective, sustained demand in the new energy vehicle and energy storage markets has led to marginal improvement in LFP material demand, contributing to a recovery in industry sentiment. Companies with production capacity and customer advantages are more likely to release earnings flexibility under such conditions. LOPAL TECH’s earnings forecast signals a fundamental recovery and reinforces market expectations for an industry rebound.

Sustainability Remains Uncertain; Future Performance Depends on Demand and Supply

However, despite the clear short-term improvement, the market remains cautious about its sustainability. On one hand, LFP prices and supply-demand conditions may still fluctuate; on the other, downstream demand cycles and competitive dynamics may affect profit stability. Overall, the company shows signs of a phased earnings inflection, but future stock performance will depend on continued execution of fundamentals and further consolidation of industry recovery.

How to Buy LOPAL TECH on uSMART

After logging into the uSMART HK app, click the “Search” button in the top-right corner of the page, enter the ticker code（02465.HK）, and navigate to the details page to view transaction details and historical trends. Click the “Trade” button in the bottom-right corner, select the trade type, and submit your order after filling in the transaction conditions.

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