Longpan Technology released its first half financial report for 2024, with a significant increase in sales of lithium iron phosphate cathode materials

Longpan Technology achieved operating income of 3.569 billion yuan in the first half of 2024. Although it fell by 6.4% year-on-year, the company's gross profit margin successfully turned positive and reached 10.2%. Among them, the sales volume of lithium iron phosphate positive electrode materials increased by 99.1%. Although the unit price fell by 56.4%, the revenue of this business still reached 2.476 billion yuan. At the same time, the company also performed stably in the automotive environmental protection fine chemicals business, with revenue of 960 million yuan, a year-on-year increase of 3.8%.