Last week, jiangsu lopal tech disclosed its prospectus after the hearing on the Hong Kong Stock Exchange, and is expected to be listed on the Hong Kong stock market in the near future. At that time, the company will become the first 'A+H' listed company in the domestic lithium iron phosphate industry, surpassing larger market share and revenue scale companies such as hunan Yuneng and shenzhen dynanonic. Why is jiangsu lopal tech so eager to list on the Hong Kong stock market? This is closely related to the strong cycle of expansion in the lithium iron phosphate industry over the past few years. In 2021, the company completed the acquisition of Btr's lithium iron phosphate cathode material business, and then driven by the surge in demand for lithium batteries, the company continued to invest a large amount of money to expand its production capacity. This has led to the company's debt-to-asset ratio increasing for four consecutive years, reaching a dangerous level of 76.7% by the end of June. In fact, jiangsu lopal tech originally planned to finance through the issuance of convertible bonds in the A-share market, but ultimately failed, forcing them to choose to raise funds by listing on the Hong Kong stock market. (21st Century Business Herald)