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Nanjing sector in the stock market

From Kent shares being listed on the Growth Enterprise Market and becoming the first Ningbo company to be listed that year, to Mobvoi and Shenghe Bio being listed on the main board of the Hong Kong Stock Exchange one month apart, to Longpan Technology being listed on the main board of the Shanghai Stock Exchange and going public in Hong Kong to realize the dual-wheel drive of “A+H” shares…

The year 2024 just passed

The “Nanjing sector” of the capital market is full of excitement

Highlights appear frequently

The latest data shows

2024

  • Four new domestic and overseas listed companies were added in our city, with a total initial public offering of 1.661 billion yuan. So far, the total number of domestic and overseas listed companies in the city has increased to 164.
  • During the year, 7 new companies were listed on the New Third Board and 46 companies were listed on the Provincial Stock Exchange Center.
  • In addition, two infrastructure public REITs, Jianye Industrial Park and Transportation Expressway, were approved and issued, raising a total of 3.748 billion yuan.

In Nanjing, through measures such as promoting the high-quality development of listed companies, encouraging and supporting corporate mergers and acquisitions and restructuring, and list-based management of key companies planning to go public, batches of high-quality companies are rapidly emerging, driving the continued growth of the “Nanjing sector” of the capital market.1

Welcome a good start

The dual drive of “A+H” shares accelerates the pace of globalization of Ningxia enterprises

At the beginning of the new year, the domestic lithium battery industry ushered in a major piece of good news.

Lithium Source New Energy , a holding subsidiary of listed Ningbo Longpan Technology, has officially signed a long-term strategic cooperation agreement with Zhuhai Guanyu, a leading global supplier of polymer lithium-ion batteries, firing the first shot for Longpan Technology to get off to a good start in 2025.

A view of Liyuan New Energy Plant

In fact

Longpan Technology has received good news recently

  • More than ten days ago, Liyuan New Energy and LG Energy Solution jointly revised the previously signed 160,000 tons of lithium iron phosphate cathode material transaction volume to 260,000 tons, with a total market price of nearly RMB 10 billion. This marked the birth of the largest transaction contract in the global lithium iron phosphate market this year.
  • Last December, Lithium Source New Energy signed a contract with the Indonesian Investment Authority for its lithium iron phosphate production base in Semarang, Indonesia, and will receive a $200 million investment from the Indonesian sovereign wealth fund and joint investors…

“The successive good news is indeed exciting. In particular, the signing of the contract with Zhuhai Guanyu is undoubtedly a key move for Longpan Technology’s global layout in 2025, and it is also a shot in the arm for the overseas expansion of the entire lithium battery industry.” Chen Xiaoxing, brand director of Longpan Technology, admitted that the successful layout of this “key move” benefited from the company’s successful realization of the “A+H” dual-wheel drive.

October 30, 2024

Longpan Technology

Listed on the Main Board of the Hong Kong Stock Exchange

Initial financing of HK$550 million

This is also its second foray into the capital market after listing on the A-share market in April 2017, becoming the only “A+H” listed company in our city that year and the first “A+H” listed company in the domestic battery materials industry.

“The ‘A+H’ dual financing platform not only builds up financing channels for enterprises to expand domestic and foreign capital, but also attracts more attention from international investors, helps to improve the company’s visibility and international image, and accelerates the pace of global development of the company.” Chen Xiaoxing revealed that the first phase of the Indonesian lithium iron phosphate production base with a production capacity of 30,000 tons has been completed, and in the first quarter of this year, the second phase with a production capacity of 90,000 tons will be officially started. At the same time, the number of leading companies in the industry that are interested in signing long-term strategic cooperation agreements with the company is also increasing. “In the future, Longpan Technology will be based in China and radiate the world, committed to creating green, environmentally friendly, value-leading, and rich new energy core material solutions, and contribute more innovative momentum to Nanjing’s new quality productivity for the global energy low-carbon transformation.”

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