证券代码：002460 证券简称：赣锋锂业 编号：临2025-125 江西赣锋锂业集团股份有限公司 第六届董事会第九次会议决议公告 二、会议以 11 票赞成，0 票反对，0 票弃权，审议通过《关于调 整商品期货期权套期保值业务的议案》。 考虑到公司锂电池及储能业务的快速发展，以及降低含锂原材料 价格波动对公司锂电池及储能业务带来的不利影响，根据生产经营及 业务需求情况，公司拟增加商品期货期权套期保值业务额度和交易品 种。同意公司及控股子公司开展商品期货期权套期保值业务，交易保 证金和权利金上限（包括为交易而提供的担保物价值、预计占用的金 融机构授信额度、为应急措施所预留的保证金等）调整为不超过人民 币 75,000 万元，且任一交易日持有的最高合约价值调整为不超过（含） 人民币 250,000 万元。公司开展商品期货期权套期保值业务的品种仅 限于与公司生产经营有直接关系的锂盐产品、锂电池原材料、锂原料 等。 赣锋锂业《关于调整商品期货期权套期保值业务的公告》（公告 编 号 ： 2025-127 ） 刊 登 于 同 日 《 证 券 日 报 》 和 巨 潮 资 讯 网 http://www.cninfo.com. ...

Core Viewpoint - Ganfeng Lithium reported significant growth in revenue and net profit for Q3 2025, indicating strong performance in the lithium industry [1] Financial Performance - In Q3 2025, the company achieved operating revenue of 6.249 billion yuan, representing a year-on-year increase of 44.10% [1] - The net profit attributable to shareholders reached 557 million yuan, showing a remarkable year-on-year growth of 364.02% [1] - Basic earnings per share for Q3 2025 were 0.28 yuan [1] Year-to-Date Performance - For the first three quarters of 2025, Ganfeng Lithium reported total operating revenue of 14.625 billion yuan, which is a 5.02% increase compared to the same period last year [1] - The net profit attributable to shareholders for the first three quarters was 25.52 million yuan, reflecting a year-on-year growth of 103.99% [1] - Basic earnings per share for the first three quarters were 0.01 yuan [1]

Core Insights - Ganfeng Lithium reported a third-quarter revenue of 6.249 billion yuan, representing a year-on-year increase of 44.10% [1] - The net profit for the third quarter was 557 million yuan, showing a significant year-on-year growth of 364.02% [1] - For the first three quarters, the total revenue reached 14.625 billion yuan, which is a 5.02% increase compared to the same period last year [1] - The net profit for the first three quarters was 25.52 million yuan, reflecting a year-on-year growth of 103.99% [1]

证券代码：002460 证券简称：赣锋锂业 编号：临2025-128 江西赣锋锂业集团股份有限公司 关于调整公司部分高级管理人员的公告 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、误导性陈述或重大遗漏。 一、高级管理人员调整情况 江西赣锋锂业集团股份有限公司（以下简称"公司"）董事会收 到公司副总裁徐建华先生、罗光华先生及王彬先生递交的书面辞职报 告。为持续优化公司治理结构，深化板块专业化管理，公司于近期对 组织架构进行了系统性优化和调整。基于本次调整和公司未来经营发 展的需要，徐建华先生、罗光华先生及王彬先生不再担任公司副总裁 职务，将工作重心转移至公司先进材料业务板块相关业务的经营与管 理。此次职责调整已经公司董事会认可，其辞职报告自送达董事会之 日起正式生效。 公司治理结构成熟完备，本次职责调整系公司正常的管理优化， 不会对公司治理可持续及日常生产经营产生重大影响。调整后，公司 高级管理人员团队架构更为精干高效，权责更为清晰，有利于提升公 司整体决策效率与管理效能。 截至本公告披露日，徐建华先生持有公司股份 602,000 股，王彬 先生持有公司股份 1,100 股，罗光华先生 ...

证券代码：002460 证券简称：赣锋锂业 编号：临2025-129 江西赣锋锂业集团股份有限公司 关于为控股子公司提供担保的进展公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，无 虚假记载、误导性陈述或者重大遗漏。 一、担保情况概述 1、江西赣锋锂业集团股份有限公司(以下简称"公司") 于 2025 年 3 月 28 日召开的第五届董事会第九十一次会议、于 2025 年 6 月 25 日召开 2024 年年度股东大会审议通过了《关于 2025 年度公司及 子公司对外担保额度预计的议案》，为满足公司及子公司的发展和生 产经营需要，同意公司向子公司提供连带责任保证担保额度合计人民 币 2,521,000 万元，同意子公司向子公司提供连带责任保证担保额度 人民币 1,114,000 万元，两项合计担保总额人民币 3,635,000 万元（包 括新增担保和原有担保的展期或续保）。其中公司及子公司向资产负 债率 70%以上的子公司提供总额不超过人民币 1,501,000 万元，向资 产负债率 70%以下的子公司（含新设立暂无财务数据的子公司）提供 总额不超过人民币 2,134,000 万元。本次担保额度在 ...

江西赣锋锂业集团股份有限公司 关于调整商品套期保值业务的可行性分析报告 一、公司调整商品期货期权套期保值业务的背景 江西赣锋锂业集团股份有限公司（以下简称"公司"）在锂行 业深耕二十余年，有成熟且稳定的团队，可以对锂行业动态保持 时刻关注，敏锐地感知锂行业走势。近年来，锂盐产品、锂电池原 材料、锂原料等相关产品价格波动明显，为降低产品价格波动给公 司经营带来的不利影响，公司及控股子公司决定根据生产经营计划 择机开展商品期货期权套期保值业务，充分利用期货期权工具的避 险保值功能，提升公司整体抵御风险能力，保障公司生产经营持续 稳定。 二、开展商品期货期权套期保值业务的必要性和可行性 公司及控股子公司利用自有资金开展商品期货期权套期保值 业务。 四、开展商品期货期权套期保值业务的风险分析 公司与控股子公司开展商品期货期权套期保值业务将以正常 的生产经营为基础，与公司实际业务相匹配，主要目的是降低锂 盐产品、锂电池原材料、锂原料等相关产品价格波动对公司经营 带来的不利影响。公司在锂行业深耕二十余年，有成熟且稳定的 团队，可以对锂行业动态保持时刻关注，敏锐地感知锂行业走势。 公司制定了《期货及衍生品交易管理制度》，组 ...

证券代码：002460 证券简称：赣锋锂业 编号：临2025-127 江西赣锋锂业集团股份有限公司 关于调整商品期货期权套期保值业务的公告 本公司及其董事会全体成员保证公告内容真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏。 特别提示： 交易目的：为应对和控制江西赣锋锂业集团股份有限公司（以 下简称"公司"）锂盐产品、锂电池原材料、锂原料等相关市场价格 波动给公司带来的经营风险和影响，公司拟利用金融工具的套期保值 功能，对生产经营业务相关的产品风险敞口择机开展商品期货期权套 期保值业务。公司及控股子公司开展商品期货期权套期保值业务的品 种仅限于与公司生产经营有直接关系的锂盐产品、锂电池原材料、锂 原料等。 交易品种调整：公司开展商品期货期权套期保值业务的品种仅 限于与公司生产经营有直接关系的境内外期货交易所或其他合法经 营机构挂牌交易的期货期权品种。 交易金额调整：公司及控股子公司开展商品期货期权套期保值 业务的交易保证金和权利金上限（包括为交易而提供的担保物价值、 预计占用的金融机构授信额度、为应急措施所预留的保证金等）由不 超过人民币 20,000 万元调整为不超过人民币 75,000 万元，且任 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥6,248,702,034.26, representing a 44.10% increase year-over-year[5] - Net profit attributable to shareholders was ¥556,759,283.72, a significant increase of 364.02% compared to the same period last year[5] - The basic earnings per share (EPS) increased to ¥0.28, reflecting a growth of 366.67% year-over-year[5] - Total operating revenue for the period reached ¥14,624,798,503.34, an increase of 5.02% compared to ¥13,925,192,758.32 in the previous period[20] - The company's net profit margin was impacted by increased financial expenses, which rose to ¥1,027,554,167.65 from ¥526,803,201.03, a 95.01% increase[20] - The company reported a net loss of ¥416,039,177.02, compared to a net loss of ¥1,032,090,204.23 in the previous period, showing an improvement[21] - Operating profit (loss) was recorded at -¥457,563,085.39, a significant reduction from -¥937,191,361.65 year-over-year[21] - Total comprehensive income amounted to -¥842,309,093.14, compared to -¥1,381,196,744.89 in the prior period, indicating a narrowing loss[21] - The company reported a basic and diluted earnings per share of ¥0.01, compared to -¥0.32 in the previous period, indicating a recovery in earnings[21] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥110,199,405,691.80, up 9.29% from the end of the previous year[5] - Total assets reached ¥110,199,405,691.80, representing a growth of 9.36% from ¥100,832,297,997.29[19] - Total liabilities increased to ¥63,462,895,741.82, up 19.14% from ¥53,244,401,050.02[19] - The company's equity attributable to shareholders decreased slightly to ¥41,621,833,381.30 from ¥41,782,387,599.11[19] Cash Flow - The company reported a net cash flow from operating activities of -¥429,098,746.00, a decline of 110.45% compared to the previous year[9] - Cash flow from operating activities generated a net outflow of -¥429,098,746.00, a decline from a net inflow of ¥4,105,916,332.03 in the previous year[22] - Cash flow from investing activities resulted in a net outflow of -¥2,988,389,936.60, compared to -¥7,368,119,731.24 in the prior period, reflecting reduced investment losses[22] - Cash flow from financing activities yielded a net inflow of ¥5,797,127,506.28, up from ¥966,469,098.54 year-over-year, indicating improved financing conditions[23] - The company received cash from borrowings totaling ¥19,496,620,050.83, an increase from ¥12,135,029,700.28 in the previous period[23] - The ending cash and cash equivalents balance was ¥8,017,571,926.13, compared to ¥6,945,994,348.65 at the end of the previous period, showing an increase[23] - The company's cash and cash equivalents increased to ¥8,205,231,003.50 from ¥5,944,109,610.27, reflecting a growth of 38.51%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period was 372,468, including 372,428 A-share shareholders and 40 H-share shareholders[11] - The largest shareholder, HKSCC NOMINEES LIMITED, holds 21.56% of shares, totaling 443,526,046 shares[12] - Li Liangbin, a major shareholder, owns 18.41% of shares, amounting to 378,637,819 shares, with 94,770,000 shares pledged[12] Investments and Future Plans - The company plans to provide financial support of up to $130 million to LAR, secured by LAR's shares in the integrated Millennial company[14] - The company intends to issue convertible bonds totaling HKD 1,370 million and allocate 40,025,600 new H shares at a price of HKD 29.28 per share[14] - The company approved a capital increase for its subsidiary, Ganfeng Lithium, with a total investment not exceeding RMB 2.5 billion[15] - The company holds a 14.89% stake in the PPG lithium salt lake project, which will be integrated with LAR's projects[13] - The company completed the issuance of convertible bonds on September 2, 2025, totaling HKD 1,370 million[14] - The company is focused on enhancing its lithium ecosystem through upstream and downstream integration strategies[15] Operational Metrics - The company experienced a 445.12% increase in contract liabilities, reaching ¥950,055,656.52, primarily due to an increase in advance payments received[8] - Financial expenses surged by 95.05% to ¥1,027,554,167.65, mainly due to increased interest expenses and foreign exchange losses[9] - The company reported a significant increase in research and development expenses, totaling ¥729,018,200.96, compared to ¥684,977,174.12 in the previous period, reflecting a focus on innovation[20] - Total operating costs amounted to ¥15,627,903,268.82, up 6.31% from ¥14,698,265,770.07 in the prior period[20] - Accounts receivable rose to ¥4,814,417,677.67, a significant increase of 21.36% from ¥3,967,481,271.47[17] - Inventory levels increased to ¥10,623,446,592.93, up 23.29% from ¥8,613,142,724.73[17] Related Party Transactions - The company has not disclosed any related party relationships among the top ten shareholders[13]

Core Insights - The 2025 Jiangxi Top 100 Private Enterprises and Social Responsibility Report was released, highlighting the growth and characteristics of private enterprises in Jiangxi province [1][14]. Group 1: Rankings and Financial Performance - The threshold for entering the 2025 Jiangxi Top 100 Private Enterprises reached 4.818 billion yuan, an increase of 501 million yuan from the previous year [14]. - The total revenue of the top 100 private enterprises exceeded 100 billion yuan for 38 companies, with Jiangxi Shuangbaotai Holdings Co., Ltd. leading at 103.86846 billion yuan [14]. - The total assets of the top 100 private enterprises amounted to 890.862 billion yuan, reflecting a growth of 3.31% compared to the previous year [14]. Group 2: Industry Structure - Manufacturing remains the dominant sector among the top 100 private enterprises, with 73 companies contributing 78.49% of total revenue and employing 81.45% of the workforce [15]. - There are 38 enterprises engaged in non-ferrous metal smelting and rolling, indicating a strong presence in this industry [15]. Group 3: Innovation and R&D - 29 enterprises among the top 100 have R&D expenditure intensity exceeding 3%, with notable investments from companies like JinkoSolar and Jiangxi Fangda Steel Group [16]. - The integration of technology and innovation is emphasized, with many enterprises enhancing their R&D capabilities and collaborating with academic institutions [16]. Group 4: Social Responsibility - The 2025 Jiangxi Private Enterprise Social Responsibility Report outlines significant contributions to the economy, with the non-public economy generating a value-added of 2.14 trillion yuan, accounting for 62.4% of the province's GDP [16]. - Employment initiatives have been robust, with 440 enterprises participating in job creation efforts, providing over 24,500 job opportunities [17]. - The report highlights the active involvement of private enterprises in rural revitalization, with 3,522 enterprises participating in related projects, benefiting 3,246 villages [18].

Core Viewpoint - The article highlights the upcoming 2025 Solid-State Battery Industry Conference and the Solid-State Battery Golden Ding Award Ceremony, emphasizing the focus on new technologies and ecosystem building in the solid-state battery sector [4]. Industry Overview - The solid-state battery industry is experiencing significant growth, with major companies like CATL, BYD, and Gotion High-Tech actively expanding their production capacities to meet rising demand [7][9]. - The lithium battery market has seen a robust demand since the third quarter, leading to a rapid increase in the price of lithium hexafluorophosphate, which recently surged to an average price of 97,500 CNY per ton, marking a 74.4% increase from 55,900 CNY per ton on September 15 [5][6]. Supply and Demand Dynamics - The demand for lithium hexafluorophosphate is driven by a strong recovery in the market and tight supply conditions, with leading battery manufacturers operating at high capacity utilization rates [10]. - The supply side has been cautious due to previous market conditions, resulting in limited capacity expansion among producers, with current utilization rates nearing full capacity [10][11]. - The industry is characterized by high concentration, with major players like Tianqi Lithium and Molybdenum holding significant market shares [11]. Financial Performance - Companies in the lithium hexafluorophosphate sector are experiencing improved profitability due to rising prices, with firms like Molybdenum reporting a 407.74% year-on-year increase in net profit for the first three quarters of 2025 [12]. - The increase in production capacity and utilization rates is expected to enhance profitability further, as companies benefit from economies of scale during the price upcycle [12]. Future Outlook - The tight supply-demand balance is anticipated to persist in the short term, with limited effective supply increases expected, which may lead to further price increases [12]. - Industry experts suggest that the current expansion cycle may not last long, and companies should closely monitor supply-demand changes and raw material price trends to optimize their procurement and production strategies [12].