Luotuo Co. Reports Q1 2026 Revenue and Profit Decline Due to Forex and Fair Value Fluctuations

Published: Apr 23, 2026 19:30

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[Lead-Acid Battery Market Update] Reportedly, Luotuo Co., Ltd. (601311.SH) released its Q1 2026 report today. According to the report, the company recorded revenue of 3.852 billion yuan for the quarter, down 6.88% YoY, while net profit attributable to owners of the parent company was 159 million yuan, with a YoY decline of 32.71%. Regarding the performance changes, the company stated that the profit decline during the reporting period was mainly attributable to factors such as foreign exchange gains and losses and fair value fluctuations.

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