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Longpan Technology: Net profit loss of 173 million yuan in 2025
Longpan Technology announced that in 2025, the total operating revenue will reach 8.94B yuan, a year-on-year increase of 16.42%; net profit will be a loss of 173 million yuan, compared to a loss of 645 million yuan in the same period last year.
During the reporting period, the company’s total profit was a loss of 224 million yuan, a reduction of 509 million yuan compared to the same period last year; operating profit was a loss of 236 million yuan, a decrease of 507 million yuan from the same period last year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was a loss of 39.31 million yuan, a reduction of 660 million yuan from the same period last year.
This is mainly due to increased demand for power batteries and energy storage batteries, which drove the demand for lithium iron phosphate, improving the supply and demand pattern in the industry, leading to increased sales of the company’s lithium iron phosphate cathode material business, demonstrating scale effects, restoring profitability, and significantly reducing losses compared to the same period last year.