Jiangsu Lopal Tech. (02465) continues its recent downward trend, dropping over 7% in the late trading today. As of the time of writing, it has fallen by 7.13%, at 4.95 Hong Kong dollars, with a transaction amount of 42.5859 million Hong Kong dollars.
According to Zhitong Finance APP, Jiangsu Lopal Tech. (02465) continues its recent downward trend, dropping over 7% in the late trading today. As of the time of writing, it has fallen by 7.13%, at 4.95 Hong Kong dollars, with a transaction amount of 42.5859 million Hong Kong dollars.
In terms of news, the Shenzhen Stock Exchange announced on November 25 that it would adjust the list of Hong Kong Stock Connect symbols under the Shenzhen-Hong Kong Stock Connect, adding lithium battery cathode material company Jiangsu Lopal Tech. as a tradable stock. This adjustment is effective immediately. As a result, Jiangsu Lopal Tech. H shares rose 64% on November 25, and during trading on November 26, it peaked at 7.68 Hong Kong dollars, nearly doubling from the closing price of 3.89 Hong Kong dollars on November 22. As of December 3, Jiangsu Lopal Tech.'s holding ratio in the Hong Kong Stock Connect has reached 27.79%.
It is reported that Jiangsu Lopal Tech. is the fourth largest manufacturer of lithium iron phosphate cathode materials in China and globally. The company went public on the A-share market in 2017 and officially listed on the Hong Kong Exchange on October 30, 2024. Jiangsu Lopal Tech. recently stated that its wholly-owned subsidiary Sijing Lithium Battery mainly focuses on the development of solid state battery precursors and has currently established a Phase I production capacity of 5,000 tons.