The company, which trades under the ticker symbol FOIL, solidified its market standing by securing a net profit of RMB 134.5 million in the first quarter of 2026. This turnaround from previous losses follows a 113.71% revenue surge to RMB 4.07 billion. As the world's largest supplier of lithium-ion battery copper foil by volume in 2025, Londian Wason serves a client roster that includes industry giants such as CATL, LG Energy Solution, and Panasonic.
Londian Wason Debuts on NYSE as Global Battery Supply Demand Surges
Shares of Londian Wason jumped 18.18% on their New York Stock Exchange debut Tuesday, opening at $26.00 after the company priced 4.3 million American Depositary Shares at $22.00 each. The listing marks a rare move for a Chinese industrial firm, positioning the copper foil manufacturer to accelerate its global expansion.
Chairman and Co-CEO Wang Guanran emphasized that the capital raised will fund production upgrades and the development of high-end product lines, including ultra-thin battery foils and HVLP specifications for printed circuit boards. While the company maintains deep roots in China, it has cultivated a cross-border operational model involving South Korean and Japanese shareholders. With backing from cornerstone investors like Harvest Global Capital Investments and Hithium Global, the firm aims to leverage its new public status to scale operations across international markets.
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