On June 9, Lonpan Technology rose 5.53% in regular trading, trading at HKD 13.36/share, with trading volume of HKD 70.61 million, marking a notable rebound after consecutive days of decline.
On the news front, subsidiary Changzhou Liyuan completed a RMB 4.4 billion B-round financing from Changzhou Jintan state-owned capital, with post-investment valuation reaching approximately RMB 6.4 billion. The funds will be used for high-performance lithium battery cathode material projects. Additionally, Liyuan Technology launched four new products including second-generation dry electrode LFP and fifth-generation high-compaction LFP, breaking through performance bottlenecks in lithium iron phosphate cathode materials and signaling a strategic shift from scale expansion to technology premium.
The new factory project is expected to commence completion acceptance in early July, with Phase I planning 120,000 tons of high-compaction LFP capacity. The project has been designated a provincial and municipal key project, and once fully operational is expected to generate over RMB 10 billion in annual sales. Multiple positive catalysts converged to lift market sentiment after the stock had fallen over 15% in the preceding sessions.
(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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