（二）是否构成关联交易 证券代码：920809 证券简称：安达科技 公告编号：2025-119 贵州安达科技能源股份有限公司 关于为全资子公司提供担保的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、担保情况概述 （一）担保基本情况 为满足贵州安达科技能源股份有限公司（以下简称"公司"）全资子公司贵 州安达新能源材料有限公司（以下简称"安达新材"）"45 万吨/年磷酸铁锂前驱 体项目—A 区 30 万吨/年"建设及后期生产经营需要，安达新材拟向中国工商银 行股份有限公司开阳支行（以下简称"工商银行"）及相关银行申请总额 9 亿元 的项目融资支持（其中包括工商银行 3 亿元项目前期专项贷款）。为促成上述事 项，公司为该贷款提供相应担保，担保总额度不超过 90,000 万元。 本次交易不构成关联交易。 （三）决策与审议程序 2025 年 12 月 30 日，公司第四届董事会第二十二次会议审议通过了《关于 全资子公司申请银行贷款暨公司提供担保的议案》，表决情况：同意 9 票、反对 0 票、弃权 0 ...

证券代码：920809 证券简称：安达科技 公告编号：2025-121 贵州安达科技能源股份有限公司 2025 年第三次临时股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 12 月 30 日 2.会议召开地点：贵州省贵阳市开阳县硒城街道办白安营村安达科技行政楼 会议室 （二）会议出席情况 出席和授权出席本次股东会的股东共 9 人，持有表决权的股份总数 139,094,690 股，占公司有表决权股份总数的 23.22%。 其中通过网络投票参与本次股东会的股东共 2 人，持有表决权的股份总数 118,988 股，占公司有表决权股份总数的 0.02%。 （三）公司董事、高级管理人员出席或列席股东会情况 1.公司在任董事 9 人，出席 5 人，董事袁飏、殷雪灵、廖信理和曹斌因个人 原因缺席； 2.公司董事会秘书出席会议； 3.会议召开方式：现场投票和网络投票相结合 4.会议召集人：董事会 5.会议主持人：刘建波先生 6. ...

北京市通商律师事务所 关于贵州安达科技能源股份有限公司 2025 年第三次临时股东会的 法律意见书 二〇二五年十二月 中国北京建国门外大街 1 号国贸写字楼 2 座 12-14 层 100004 12-14th Floor, China World Office 2, No. 1 Jianguomenwai Avenue, Beijing 100004, China 电话 Tel: +86 10 6563 7181 传真 Fax: +86 10 6569 3838 北京市通商律师事务所 关于贵州安达科技能源股份有限公司 2025 年第三次临时股东会的 法律意见书 致：贵州安达科技能源股份有限公司 北京市通商律师事务所（以下简称"本所"）受贵州安达科技能源股份有限 公司（以下简称"公司"或"安达科技"）委托，指派律师出席公司于 2025 年 12 月 30 日召开的 2025 年第三次临时股东会（以下简称"本次股东会"）。本 所律师根据《中华人民共和国证券法》《中华人民共和国公司法》《上市公司股 东会规则》及《北京证券交易所股票上市规则》等法律、法规和规范性文件和《贵 州安达科技能源股份有限公司章程》（以下简称 ...

本次会议为 2026 年第一次临时股东会。 （二）召集人 证券代码：920809 证券简称：安达科技 公告编号：2025-120 贵州安达科技能源股份有限公司 关于召开 2026 年第一次临时股东会通知公告（提供网络投票） 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开基本情况 （一）股东会届次 本次股东会的召集人为董事会。 （三）会议召开的合法合规性 本次会议的议案已于 2025 年 12 月 30 日经公司第四届董事会第二十二次会 议审议通过。本次股东会的召开时间、召开方式及召集人符合《中华人民共和国 公司法》《贵州安达科技能源股份有限公司章程》等有关规定，无需其他相关部 门批准或履行必要程序。 （四）会议召开方式 本次会议采用现场投票和网络投票相结合方式召开。 公司同一股东只能选择现场投票、网络投票的一种方式，如果同一表决权 出现重复投票表决的，以第一次投票表决结果为准。 （五）会议召开日期和时间 1、现场会议召开时间：2026 年 1 月 14 日 14:30。 2、网络投票起止时 ...

Core Viewpoint - Four lithium iron phosphate companies, Hunan YN, Wanrun New Energy, Defang Nano, and Anda Technology, announced maintenance and production reduction plans, collectively covering about 50% of the market share, with reductions expected to significantly impact the supply-demand balance in January 2026 [1][4][8]. Group 1: Production Reduction Plans - Hunan YN plans maintenance starting January 1, 2026, for one month, expecting a reduction of 15,000 to 35,000 tons in lithium iron phosphate output, with no significant impact on 2026 performance [2][8]. - Wanrun New Energy will reduce production by 5,000 to 20,000 tons starting December 28, 2025, also for one month, with no major impact on operations [2][8]. - Defang Nano will conduct maintenance from January 1, 2026, for one month, with no significant impact on 2026 performance [3][8]. - Anda Technology will reduce output by 3,000 to 5,000 tons starting January 1, 2026, with no major impact on operations [3][8]. Group 2: Market Impact and Price Negotiations - The collective production reduction is expected to alter the current supply-demand dynamics in the lithium iron phosphate industry [4][9]. - The timing of the reductions coincides with negotiations for price increases with downstream battery manufacturers, indicating a strong intention from lithium iron phosphate companies to raise prices [9][10]. - Despite high operational rates, many lithium iron phosphate companies are still operating at a loss due to rising raw material costs, with average market prices in November at 14,704.8 yuan per ton, while costs ranged from 16,798.2 to 17,216.3 yuan per ton [10][12].

Core Viewpoint - Four lithium iron phosphate companies, Hunan YN, Wanrun New Energy, Defang Nano, and Anda Technology, announced maintenance and production reduction plans, collectively covering about 50% of the market share, with reductions expected to significantly impact the supply-demand balance in January 2026 [1][4][7]. Group 1: Production Reduction Plans - Hunan YN plans maintenance starting January 1, 2026, for one month, expecting a reduction of 15,000 to 35,000 tons in lithium iron phosphate output, with no significant impact on 2026 financial performance [2]. - Wanrun New Energy will reduce production by 5,000 to 20,000 tons starting December 28, 2025, also for one month, with no major impact on operations [2]. - Defang Nano will conduct maintenance from January 1, 2026, for one month, with no significant impact on 2026 financial performance [3]. - Anda Technology will also perform maintenance starting January 1, 2026, reducing output by 3,000 to 5,000 tons, with no major impact on operations [3]. Group 2: Market Impact and Price Negotiations - The collective production reduction is expected to alter the current supply-demand dynamics in the lithium iron phosphate industry [4]. - The timing of the maintenance coincides with negotiations for price increases with downstream battery manufacturers, indicating a strong intention among lithium iron phosphate companies to raise prices [8]. - Industry insiders suggest that the reduction is driven by rising costs of raw materials and ongoing losses, with companies facing pressure to negotiate higher prices [9]. Group 3: Financial Performance and Market Conditions - Despite high operating rates, many lithium iron phosphate companies are still operating at a loss, with average market prices in November at 14,704.8 yuan per ton, while costs ranged from 16,798.2 to 17,216.3 yuan per ton [10][11]. - The gap between selling prices and production costs has widened compared to October, indicating increasing financial pressure on companies [11]. - Third-quarter financial reports show that most lithium iron phosphate companies are in a loss-making state [13].

Core Insights - The lithium iron phosphate (LFP) industry is experiencing significant changes, with major companies announcing equipment maintenance and price disputes affecting market dynamics [2][5][6]. Group 1: Company Announcements - Hunan Youneng announced a one-month equipment maintenance starting January 1, 2026, which is expected to reduce its production of phosphate-based cathode materials by 15,000 to 35,000 tons [5][7]. - Tianqi Lithium announced it will no longer reference Shanghai Metals Market (SMM) prices for its product transactions starting January 1, 2026, opting instead for prices from Mysteel and the Guangzhou Futures Exchange [2][3]. - Other companies, including Wanrun New Energy and Defang Nano, also announced similar one-month maintenance periods, indicating a coordinated effort among LFP producers [2][5]. Group 2: Price Discrepancies - A significant price discrepancy exists between the spot and futures markets for lithium carbonate, with SMM reporting a price of 101,500 CNY/ton, while the futures market prices from the Guangzhou Futures Exchange and Shanghai Steel Union were reported at 121,000 CNY/ton and 116,000 CNY/ton, respectively [3][4]. - The CEO of SMM stated that their pricing reflects the actual market conditions, and most lithium battery companies use SMM prices for procurement and sales [3][4]. Group 3: Market Dynamics - The recent maintenance announcements by LFP producers are seen as a strategy to negotiate better prices with downstream battery manufacturers, particularly as negotiations with leading companies like BYD and CATL have been challenging [5][6]. - The overall production capacity of Hunan Youneng, Wanrun New Energy, and Defang Nano accounts for approximately 48% of the industry’s total capacity, indicating their significant influence on market supply [8]. - The anticipated production of lithium iron phosphate is projected to reach around 3.7 million tons by 2025, highlighting the growing demand in the industry [8].

证券代码：920809 证券简称：安达科技 公告编号：2025-117 贵州安达科技能源股份有限公司 关于部分产线检修的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 2025 年四季度以来，贵州安达科技能源股份有限公司（以下简称"公司"） 磷酸铁锂产线已超负荷运转，为确保磷酸铁锂生产线安全、稳定、高效运行，自 2026 年 1 月 1 日起，公司将对部分产线按照预定计划进行检修，预计检修时间 为期一个月。 本次部分产线检修系为保障磷酸铁锂生产线的持续稳定运转，本次检修预计 减少公司磷酸铁锂产量 3,000 吨至 5,000 吨，预计对公司生产经营不会产生重大 影响，公司将根据相关规定持续关注本次检修的进展情况，及时履行信息披露义 务，敬请广大投资者注意投资风险。 特此公告。 贵州安达科技能源股份有限公司 董事会 2025 年 12 月 26 日 ...

Group 1 - The report highlights the performance of the North Exchange in 2025, indicating a significant rise in the North Index 50 to around 1400 points, with three distinct phases of market movement: rapid increase, oscillating rise, and a correction phase [2][12][15] - In the rapid increase phase (January 1 - March 11, 2025), the North Index 50 surged from 1,037.81 to 1,418.65 points, achieving a cumulative return of 36.70%, while the specialized index rose from 1,683.33 to 2,421.50 points, with a return of 43.85% [15][16] - The oscillating rise phase (April 7 - September 5, 2025) saw the North Index 50 increase from 1,044.07 to 1,647.01 points, yielding a cumulative return of 58.70%, and the specialized index from 1,759.64 to 2,806.39 points, with a return of 66.72% [16][17] Group 2 - The correction phase (September 15 - December 19, 2025) stabilized the North Index 50 and specialized index around 1400 and 2400 points, respectively, with the North Index 50 declining to 1,445.84 points and the specialized index to 2,440.21 points, resulting in cumulative returns of 39.32% and 44.96% [17][23] - The report emphasizes the performance of small-cap stocks, indicating that companies with market capitalizations of 0-20 billion, 20-40 billion, 40-80 billion, and above 80 billion had average returns of 54.08%, 38.60%, 18.26%, and 30.59%, respectively [26][31] - The report identifies that national and provincial-level "little giant" companies outperformed non-little giant firms, with average returns of 48.26%, 38.06%, and 39.19% for national, provincial, and non-little giants, respectively [27][29] Group 3 - The report highlights that national and provincial-level single champion companies achieved average returns of 59.27% compared to 39.61% for non-single champion companies [32][34] - In terms of industry performance, high-end equipment and new chemical materials sectors showed higher returns, with average returns of 50.20%, 28.67%, 48.49%, 40.43%, and 43.56% for high-end equipment, information technology, new chemical materials, consumer services, and biomedicine, respectively [34][36] - The report also notes that companies with new productive forces, ESG attributes, high scarcity, and high dividends had average returns of 50.49%, 48.44%, 49.14%, and 57.51%, respectively, indicating a strong performance in these categories [37][43]

Core Viewpoint - The lithium iron phosphate (LFP) materials industry is experiencing a paradox of strong market demand but widespread losses among companies, prompting price adjustments and a search for sustainable development paths [3][4][5]. Group 1: Industry Challenges - The LFP industry has faced three consecutive years of losses, leading major companies to adjust product prices in an effort to recover profitability [4][6]. - Key raw materials for LFP production are in short supply and experiencing rapid price increases, causing companies to slow down expansion efforts [4][8]. - The industry is characterized by structural overcapacity, with many companies suffering from high debt levels and low profit margins, making the current situation unsustainable [9][11]. Group 2: Price Adjustments and Market Dynamics - A wave of price increases is occurring, with major manufacturers notifying clients of price hikes for LFP products starting in 2026 [7][8]. - As of December 1, the average spot price for power-type LFP reached 39,950 yuan/ton, while energy storage-type LFP reached 36,950 yuan/ton, driven by rising upstream raw material costs [7][8]. - The demand for energy storage and electric vehicles has surged, with significant growth in lithium-ion battery exports and a domestic new energy vehicle penetration rate exceeding 45% [8][9]. Group 3: Regulatory and Standardization Efforts - The Ministry of Industry and Information Technology (MIIT) has signaled the need for regulatory measures to address irrational competition in the battery industry [13][14]. - The China Chemical and Physical Power Industry Association plans to establish a comprehensive standard system for the LFP industry by 2026, focusing on production capacity, technology, and environmental standards [12][15]. - There is a consensus among industry representatives on the importance of establishing unified technical standards to guide investment and production towards advanced products, thereby avoiding exacerbation of overcapacity in lower-tier products [15][16].