Jiangsu Lopal Tech Expects Narrower Attributable Loss in 2024

MT Newswires Live

2025/01/20

Jiangsu Lopal Tech (HKG:2465, SHA:603906) expects a net loss attributable to the owners between 594.7 million yuan and 696.9 million yuan for 2024, narrower than 1.23 billion yuan logged for 2023, a Friday Hong Kong bourse filing said.

The automotive specialty chemicals company attributed the expected narrower net loss to a decrease in inventory impairment of lithium carbonate during the reporting period and a surge in sales of lithium iron phosphate products.

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