HK Stock Market Move | Jiangsu Lopal Tech. (02465) rose more than 17% to a new high again. The company will announce its performance tomorrow. The new contract signed by LG will benefit the company's performance release.

Jiangsu Lopal Tech. (02465) surged more than 17% in the afternoon, reaching a high of 10.55 Hong Kong dollars, hitting a new high for the listing. As of the time of publication, it rose 14%, closing at 10.18 Hong Kong dollars, with a turnover of 319 million Hong Kong dollars. On the news front, Jiangsu Lopal Tech. will hold a board meeting on August 20 to approve the mid-term performance. The company previously announced that it expects to achieve a net loss attributable to shareholders of the listed company of 79.43 million to 98.30 million yuan in the first half of 2025, a decrease in losses compared to the same period last year. In addition, LG New Energy recently signed a 5.94 trillion won energy storage lithium iron phosphate battery order. Guosheng Securities pointed out that in December 2024, Jiangsu Lopal Tech.'s third-tier holding subsidiary Asia Pacific Lithium Resources signed an agreement with LG New Energy, stipulating that Jiangsu Lopal Tech.'s subsidiary Changzhou Lithium Resources will sell 260,000 tons of lithium iron phosphate cathode materials to LG New Energy from 2024 to 2028. Therefore, the signing of the LG agreement will be beneficial for the performance release of Jiangsu Lopal Tech.