HK Stock Market Move | Jiangsu Lopal Tech. (02465) fell more than 4%, its wholly-owned subsidiary is involved in the development of solid-state battery ternary precursors, which is still in the research and development trial stage.

Jiangsu Lopal Tech. (02465) fell more than 4%, after rising by 20% in the previous three trading days. As of the time of publication, it is down 4.46%, at HKD 6.85, with a turnover of HKD 199 million. On the news front, Jiangsu Lopal Tech. issued a statement yesterday regarding abnormal fluctuations in its stock trading. The company's stock prices have deviated by over 20% from the closing prices on June 23, June 24, and June 25, 2025 for three consecutive trading days, which is considered abnormal under the trading rules of the Shanghai Stock Exchange. Following a self-check by the company and written inquiries made to the controlling shareholder and actual controller, it has been confirmed that there is no significant undisclosed information that should have been disclosed. Jiangsu Lopal Tech. pointed out that the recent high market attention towards solid-state batteries concept. Currently, the company's wholly-owned subsidiary, Jiangsu Sanjin Lithium Battery Technology Co., Ltd., is involved in the development of solid-state battery ternary precursor materials, which is still in the R&D trial stage. Some precursor materials have been sent in small batches for testing to leading companies, but have not yet generated revenue from external sales, which does not have a significant impact on the overall performance of the company. Due to factors such as macroeconomic conditions, industry policies, and changes in market environment, there are risks of the development project not meeting expectations in terms of industrialization and commercialization.