Longpan Technology: Net profit was a loss of 173 million yuan in 2025.

Longpan Technology Announcement: In 2025, the total operating income reached 8.938 billion yuan, a year-on-year increase of 16.42%; the net profit was a loss of 173 million yuan, a decrease of 6.45 billion yuan compared to the same period last year. During the reporting period, the company's total profit was a loss of 224 million yuan, a decrease 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 compared to the same period last year, and the net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was a loss of 39.3131 million yuan, a decrease of 660 million yuan compared to the same period last year. The increase in demand for power batteries and energy storage batteries, the increase in demand for lithium iron phosphate, and the improvement in the supply and demand structure of the industry have driven the company's sales volume of lithium iron phosphate cathode materials growing, demonstrating economies of scale, restoring profitability, and significantly reducing losses compared to the same period last year.