Sinolink: Economic prosperity is turning upward, and the barriers to high-pressure dense iron-lithium are increasing.

The supply and demand for high-pressure lithium iron are tight, with better profit per ton, and the improvement of barriers leads to an optimized landscape. Conventional lithium iron is expected to see a supply and demand restoration, with the industry's profitability likely reaching a bottom and recovering, with market share expected to concentrate towards those with lower costs.

Zhitong Finance09:51

According to the profit warning, Jiangsu Lopal Tech (02465.HK) has reduced its annual loss to a maximum of 0.697 billion yuan.

Jiangsu Lopal Tech (02465.HK) issued a profit warning, expecting a loss of between 0.595 billion and 0.697 billion yuan for the fiscal year 2024, compared to a loss of 12.33 yuan in the previous year. The decrease in losses is mainly due to an increase in sales of lithium iron phosphate products and a reduction in the impairment of lithium carbonate inventory.

AASTOCKSJan 19 21:56

Jiangsu Lopal Tech. 2023 Loss Was CNY1.23B>2465.HK

Dow JonesJan 19 14:25

Jiangsu Lopal Tech.: Increase in Sale of Lithium Iron Phosphate Products Supported Results>2465.HK

Dow JonesJan 19 14:25

Jiangsu Lopal Tech. Sees 2024 Loss CNY696.91M-Loss CNY594.70M >2465.HK

Dow JonesJan 19 14:25

Jiangsu Lopal Tech. Expects 2024 Loss To Narrow>2465.HK

Dow JonesJan 19 14:25