Lopal Technology recently issued an announcement on foreign investment. The company's controlled subsidiary, Liyuan Asia Pacific, plans to build the third phase of the Indonesia Liyuan new energy battery cathode material project in the Batang Comprehensive Industrial Park, Central Java, Indonesia, through its wholly-owned subsidiary Liyuan Indonesia Batang. The project's total investment is estimated at US$160 million, equivalent to approximately RMB 1.088 billion, with a planned annual production capacity of 120,000 tons of second and third generation lithium iron phosphate. Lopal Technology's estimated contribution based on its shareholding ratio is RMB 377 million. The project company's registered capital is 300 billion Indonesian rupiah, equivalent to RMB 112 million, all in cash, with funding sources covering self-owned funds, bank loans, and self-raised funds. The project is planned to start construction in July 2026, with a construction period of 12 months.
This investment is based on multiple industry backgrounds: the global expansion of the new energy vehicle and energy storage industry is driving demand for overseas lithium iron phosphate. Currently, global production capacity for this product is highly concentrated in China, with obvious supply gaps overseas. Meanwhile, the company has already established cooperation with multiple leading overseas battery manufacturers. This investment has been approved by the board of directors and still requires shareholder meeting approval, as well as filing and approval from relevant authorities in China and Indonesia. It does not constitute a related party transaction or a major asset restructuring. Lopal Technology's overseas layout has achieved significant results. In 2025, overseas revenue reached RMB 1.219 billion, a year-on-year increase of 1553.91%, and overseas assets totaled RMB 3.046 billion, accounting for 16.32% of total assets.
Its subsidiary Indonesia Liyuan recorded revenue of RMB 895 million and net profit of RMB 63.2914 million that year. The first phase of Indonesia's 30,000-ton production line was put into operation in 2025, and the second phase's 90,000-ton production line is undergoing installation and commissioning. In 2025, the company supported its Indonesia project through multiple rounds of financing, successively introducing Indonesian local investors and LG Energy Solution and placing H-shares, raising a large amount of funds. It also launched Indonesian culture and multilingual training to enhance employees' overseas adaptability. The company stated that the third phase project can improve local overseas production capacity, get closer to overseas downstream customers, and expand new customer channels, but this investment will not have a significant impact on revenue and net profit in 2026.
Lopal Technology recently issued an announcement on foreign investment. The company's controlled subsidiary, Liyuan Asia Pacific, plans to build the third phase of the Indonesia Liyuan new energy battery cathode material project in the Batang Comprehensive Industrial Park, Central Java, Indonesia, through its wholly-owned subsidiary Liyuan Indonesia Batang. The project's total investment is estimated at US$160 million, equivalent to approximately RMB 1.088 billion, with a planned annual production capacity of 120,000 tons of second and third generation lithium iron phosphate. Lopal Technology's estimated contribution based on its shareholding ratio is RMB 377 million. The project company's registered capital is 300 billion Indonesian rupiah, equivalent to RMB 112 million, all in cash, with funding sources covering self-owned funds, bank loans, and self-raised funds. The project is planned to start construction in July 2026, with a construction period of 12 months.
This investment is based on multiple industry backgrounds: the global expansion of the new energy vehicle and energy storage industry is driving demand for overseas lithium iron phosphate. Currently, global production capacity for this product is highly concentrated in China, with obvious supply gaps overseas. Meanwhile, the company has already established cooperation with multiple leading overseas battery manufacturers. This investment has been approved by the board of directors and still requires shareholder meeting approval, as well as filing and approval from relevant authorities in China and Indonesia. It does not constitute a related party transaction or a major asset restructuring. Lopal Technology's overseas layout has achieved significant results. In 2025, overseas revenue reached RMB 1.219 billion, a year-on-year increase of 1553.91%, and overseas assets totaled RMB 3.046 billion, accounting for 16.32% of total assets.
Its subsidiary Indonesia Liyuan recorded revenue of RMB 895 million and net profit of RMB 63.2914 million that year. The first phase of Indonesia's 30,000-ton production line was put into operation in 2025, and the second phase's 90,000-ton production line is undergoing installation and commissioning. In 2025, the company supported its Indonesia project through multiple rounds of financing, successively introducing Indonesian local investors and LG Energy Solution and placing H-shares, raising a large amount of funds. It also launched Indonesian culture and multilingual training to enhance employees' overseas adaptability. The company stated that the third phase project can improve local overseas production capacity, get closer to overseas downstream customers, and expand new customer channels, but this investment will not have a significant impact on revenue and net profit in 2026.
