Changes in Hong Kong stocks | Longpan Technology (02465) rose more than 3% to reverse losses in the first three quarters, and the average sales price of lithium iron phosphate cathode materials increased by 50.10% year-on-year

The Zhitong Finance App learned that Longpan Technology (02465) rose more than 3% in early trading. As of press release, it had risen 3.63% to HK$6.68, with a turnover of HK$113.18,700.

According to the news, on October 30, Longpan Technology announced that for the first three quarters of 2026, operating income was 12.275 billion yuan, an increase of 110.72% over the previous year; net profit attributable to shareholders of listed companies was 506 million yuan, a loss of 110 million yuan for the same period last year; and basic earnings per share were 0.70 yuan.

On the same day, Longpan Technology announced that in the first three quarters of 2026, the average sales price of the company's main products, environmentally friendly fine chemicals for vehicles, increased by 8.80% over the same period last year; the average sales price of lithium iron phosphate cathode materials increased by 50.10% over the same period last year. On the procurement side, the average purchase price of lithium carbonate in the first three quarters of 2026 increased by 65991.08 yuan/ton over the same period of the previous year, an increase of 103.49%; the average purchase price of iron phosphate increased by 2803.93 yuan/ton over the same period of the previous year, an increase of 33.19%.