On August 21, Longpan Science and Technology issued a plan to issue A-share stocks to specific targets in 2025, raising a total of no more than 2 billion yuan (including this number). After deducting the relevant issuance fees, the net fund raised is intended to be used for 110000 tons of high-performance phosphate cathode materials projects, 85000 tons of high-performance phosphate cathode materials projects, and supplementary liquidity.
The 110,000-ton high-performance phosphate cathode material
project is located in Juancheng County, Heze City, Shandong Province. The construction content is to build a production line with an annual output of 110,000 tons of high-performance phosphate cathode material. The main operator of the
project is Shandong Liyuan, a subsidiary of Longpan Technology Holdings. After the fund raised is in place, the company intends to increase the capital and expand the shares of its holding subsidiary, Changzhou Liyuan, and then Changzhou Liyuan will increase the capital and expand the shares or borrow from its wholly-owned subsidiary, Shandong Liyuan.
As of the announcement date of this plan, the relevant filing and EIA approval procedures of this project are in the process of processing.
The 85,000-ton high-performance phosphate cathode material
project is located in Xiangcheng District, Xiangyang City, Hubei Province, and the construction content is to build a new production line with an annual output of 85,000-ton high-performance phosphate cathode material. The main operator of the
project is Hubei Liyuan, a subsidiary of Longpan Technology Holdings Co., Ltd. After the fund raised is in place, the company intends to increase the capital and expand the shares of its holding subsidiary, Changzhou Liyuan, and then increase the capital and expand the shares or borrow money from its wholly-owned subsidiary, Hubei Liyuan.
This project has obtained the Record Certificate of Fixed Assets Investment Project in Hubei Province (project code: 2508-420602 -04-01-538613) issued by the Development and Reform Bureau of Xiangcheng District, Xiangyang City, and the EIA approval procedures are being processed.
Longpan Technologies said that as a major global manufacturer of lithium iron phosphate cathode materials, the company has established good business contacts with famous lithium-ion battery manufacturers such as Ningde Times, LG New Energy, Ruipu Lanjun, Xinwangda, Chuneng New Energy and BlueOval. In order to cope with the continuous growth of downstream demand, the company needs to add advanced production capacity layout, further optimize product structure and upgrade product performance to respond to the national "energy revolution" goal, seize the opportunity of green energy transformation, and meet the growing and changing market demand for lithium iron phosphate cathode materials. Through this project,
the company plans to build a production line that gives priority to the production of the fourth generation of ultra-high energy density lithium iron phosphate cathode materials and is compatible with the production of various high-performance phosphate cathode materials.
In addition, in recent years, battery manufacturers represented by Ningde Times, BYD and Chuneng New Energy have continuously increased their capacity layout. In the process of supplier selection, downstream head battery enterprises focus on the technical ability and effective capacity of suppliers. Therefore, for lithium iron phosphate cathode material manufacturers, in addition to maintaining technological advantages, the first expansion of high-performance product capacity is a necessary condition to obtain new capacity orders from battery manufacturers.
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