LOPAL TECH's stock soared 5.05% intraday on Tuesday, driven by a robust first-quarter earnings report that showed a dramatic financial turnaround.

The company reported Q1 revenue of RMB 3.497 billion, up 119.61% year-over-year, while net profit attributable to shareholders reached RMB 214 million, compared to a loss of RMB 25.95 million in the same period last year, representing a 925.71% improvement. The core lithium iron phosphate (LFP) cathode material business saw average selling prices surge 55.77% year-over-year, with volume and price gains jointly driving the earnings recovery.

Additionally, the company's Indonesia Phase 2 capacity of 90,000 tons is nearing completion and expected to ramp up in the second quarter, offering differentiated competitive advantages through scarce overseas LFP capacity. Southbound capital has also been accumulating, with net purchases of 9.728 million shares over the past 20 trading days.