LOPAL(SH:603906) Zhi Tong Cai Jing·2025-12-23 03:39Core Viewpoint - Longpan Technology (龙蟠科技) has seen a significant stock price increase following the announcement of its A-share issuance plan, indicating positive market sentiment towards the company's growth prospects and strategic initiatives [1] Group 1: Stock Performance - Longpan Technology's stock rose over 6% in the morning session, with a current increase of 5.86%, trading at HKD 14.64, with a transaction volume of HKD 136 million [1] Group 2: Fundraising Announcement - The company announced that its application for the issuance of A-shares to specific investors for the fiscal year 2025 has been accepted by the Shanghai Stock Exchange [1] - The total amount of funds to be raised is not expected to exceed RMB 2 billion, with the net proceeds intended for projects including an 110,000-ton high-performance phosphate-based cathode materials project and an 85,000-ton high-performance phosphate-based cathode materials project, as well as to supplement working capital [1] Group 3: Long-term Supply Agreement - Longpan Technology's subsidiary, Lithium Source Asia Pacific, has signed a long-term procurement agreement, expected to sell a total of 106,800 tons of lithium iron phosphate cathode materials to Sunwoda from 2026 to 2030, with a total contract sales amount ranging from RMB 4.5 billion to 5.5 billion [1] - The company has secured over RMB 67.5 billion in orders this year, reflecting strong demand for its products [1]