LOPAL TECH

Jiangsu Lopal Tech opened lower and continued to decline, hitting an intraday low of HKD 9.77 in the afternoon session before closing at HKD 9.83, down 4.56%. The drop was primarily driven by the company's morning warning about potential impairment on receivables and inventory for H1 2026, coupled with a broader pullback in the lithium battery materials sector. The morning session saw the stock slide from HKD 10.38 to HKD 9.90 on 8.76 million shares, with further weakness in the afternoon. Despite Q1 2026 net profit surging 974% YoY to HKD 242.9 million on revenue growth of 132% YoY, the stock remains 58% below its 52-week high of HKD 23.5 and is down 30.5% YTD, trading below its MA20 (HKD 10.55) and MA60 (HKD 13.90), suggesting the strong earnings recovery has yet to be fully priced in. However, the company's concurrent announcement of a restricted share incentive plan and the robust demand for lithium iron phosphate could provide a floor.

Jiangsu Lopal Tech (2465.HK) opened flat at HKD 10.05 in the morning session and closed up 4.8%, directly driven by its better-than-expected Q1 2026 results. Net profit surged 974.1% YoY to HKD 242.9 million, revenue soared 132.48% to HKD 3.96 billion, EPS reached HKD 0.3515, and ROE jumped to 29.19%. While the company had earlier flagged impairment losses in Q4 2025, the Q1 rebound confirms recovering lithium iron phosphate demand. However, the stock at HKD 10.05 remains 57.23% below its 52-week high of HKD 23.5 and below both MA20 (10.601) and MA60 (14.101), with a YTD decline of 28.93%, signaling lingering doubts on earnings sustainability.

Jiangsu Lopal Tech surged 4.94% to HKD 9.99 in the morning session, driven by a strong Q1 earnings beat and rising lithium iron phosphate demand. The stock traded between HKD 9.54 (low) and 9.99 (high), with intraday range of 4.7%. Q1 net profit soared 974.1% YoY to HKD 242.9 million on revenue growth of 132.48%, while ROE improved to 29.19%. However, despite the rebound, the stock remains 57.49% below its 52-week high of HKD 23.5, trades below both MA20 (10.796) and MA60 (14.388), and has declined 29.35% YTD, suggesting near-term resistance.

Jiangsu Lopal Tech (2465.HK) opened lower and extended losses in the morning session, closing at HKD 9.24, down approximately 2.9%, with an intraday low of HKD 9.01 and a high of HKD 9.58. The weakness was primarily driven by lingering cautious sentiment after a sharp recent selloff, despite remarkably strong Q1 2026 earnings: operating revenue surged 132.48% YoY to HKD 3.96 billion, net profit soared 974.1% YoY to HKD 242.9 million, and EPS hit HKD 0.3515, with net profit margin improving to 6.13%. However, recent news flagged a potential H1 2026 impairment hit on receivables and inventory, and the stock had fallen over 20% in two days, triggering an exchange inquiry. The stock remains 60.68% below its 52-week high of HKD 23.5, down 34.65% YTD, and still trades below its MA20 (HKD 11.36) and MA60 (HKD 14.75), indicating a technical recovery is still needed.

Lopal Technology opened at HK$10.40 and slid throughout the morning session, hitting an intraday low of HK$9.50 before closing at HK$9.61, down approximately 59% from its 52-week high of HK$23.50 and 32% year-to-date. Despite strong Q1 2026 results—net profit surging 974% YoY to HK$243 million, revenue up 132% to HK$3.96 billion, EPS of HK$0.3515, and ROE of 29.19%—the company flagged a 2026 H1 impairment hit on receivables and inventory, and after a 20%+ drop over two days, clarified no undisclosed material information. The stock remains below both its 20-day (HK$11.52) and 60-day (HK$14.85) moving averages; however, robust demand for lithium iron phosphate and a planned US$160 million Indonesia expansion for 120,000 tonnes of LFP capacity offer a potential longer-term catalyst.