According to the Zhitong Finance App, Longpan Technology (02465) announced its 2026 interim results, with operating income of about 7.198 billion yuan, up 98.75% year on year; net profit attributable to shareholders of listed companies was about 421 million yuan, turning a year-on-year loss into profit; basic earnings per share were 0.59 yuan.
According to the announcement, the increase in revenue was mainly due to the increase in revenue in the lithium iron phosphate cathode materials business during the reporting period.
During the reporting period, in order to seize the development opportunities of the new energy industry, meet the growing demand for lithium iron phosphate products in the downstream market, further consolidate the company's production capacity base, and enhance market supply capacity and core competitiveness, the company actively promoted the production capacity construction layout. During the reporting period, the company officially launched the first phase of Changzhou Jintan production capacity of 120,000 tons of high-pressure lithium iron phosphate, and plans to advance the 120,000 ton lithium iron phosphate production capacity construction project in Indonesia in Phase III. Building new production capacity is an important arrangement made by the company based on its market layout and own development strategy. It helps the company optimize its production capacity structure, expand production scale, provide a solid production capacity foundation for market expansion, customer demand guarantee, and continuous performance growth. It will also further consolidate the company's market position in the lithium iron phosphate industry.