Turn losses into profits! Longpan Technology expects a maximum net profit growth of 1063.44% in the first quarter.

15, Longpan Science and Technology issued a performance pre-increase announcement, predicting that the company will achieve business income of 3.3 billion yuan to 3.6 billion yuan in the first quarter of 2026, an increase of 107.25% to 126.09% over the same period of last year;

It is estimated that the net profit attributable to shareholders of listed companies will be 200 million yuan to 250 million yuan, an increase of 870.75% to 1063.44% over the same period last year, turning losses into profits .

It is estimated that in the first quarter of 2026, the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses will be 180 million yuan to 230 million yuan, an increase of 435.28% to 528.42% over the same period last year, turning losses into profits.

Longpan Technologies said that the main reason for the expected increase in performance in the first quarter was that the company's main lithium iron phosphate business was affected by the upstream and downstream demand of the industry, revenue and sales increased to varying degrees, scale benefits were reflected, and profitability was restored. The main business

of Longpan Science and Technology is divided into lithium iron phosphate business and automotive environmental protection fine chemicals business.

Earlier, on April 1, Longpan Science and Technology released its 2025 performance report, which showed that in 2025, the company realized business income of 8.938 billion yuan, an increase of 16.42% over the same period last year. Net profit loss attributable to shareholders of listed companies was 173 million yuan, compared with a loss of 645 million yuan in the same period last year, a significant reduction in losses. The main reason is that benefiting from the growth of demand for power batteries and energy storage batteries , the market demand for lithium iron phosphate will continue to increase in 2025, and the supply and demand pattern of the industry will continue to improve, which will lead to the steady growth of sales volume of the company's lithium iron phosphate business, the gradual emergence of scale effect and the restoration of profitability. The loss decreased significantly compared with the same period last year.