Longpan Technology was listed on the Hong Kong Stock Exchange on October 30, 2024, with an issue price of 5.5 yuan, issuing 100 million shares and raising a net amount of 495 million Hong Kong dollars. The opening price fell 7.6% from the issue price, and the closing price fell 13.64%, with a market capitalization of 3.159 billion Hong Kong dollars. Longpan Technology was already listed on the Shanghai Stock Exchange in April 2017, achieving an A+H share structure, but its A-share market capitalization of 5.651 billion yuan is much higher than its Hong Kong shares. Longpan Technology is a manufacturer of lithium iron phosphate cathode materials and automotive environmental fine chemicals. From 2021 to 2023, revenue fluctuated, with a 38% decline in revenue in 2023 and a net loss. In the first half of 2024, revenue was 3.569 billion yuan, down 6.4% year-on-year, with a loss of 260 million yuan during the period.