On June 10, Lonpan Technology fell 5.59% in regular trading, trading at 12.34 HKD/share, with trading volume of 39.91 million HKD. The stock briefly rebounded in the previous session before resuming its downtrend.
On the news front, the company announced on June 5 that it would extend the expected completion date of its New Energy Vehicle Power and Energy Storage Battery Cathode Material Scaled Production Project from May to September. The delay stems from the earlier decision to expand Phase III capacity from 62,500 tons/year to 100,000 tons/year, resulting in unfinished installation work and pending regulatory procedures. The project scope, investment scale, and implementing entity remain unchanged.
Additionally, the Commodity Chemicals sector continues to face broad pressure. Among sector peers, China Risun Group fell 2.35%, Wuhan Youji fell 2.39%, and Shanghai Petrochemical fell 0.85%. The lithium battery industry chain has maintained weak sentiment overall, and the stock has declined across multiple consecutive trading sessions since early June, with compounding negative factors intensifying downward pressure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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