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].

Event Overview - The 2025 Solid-State Battery Industry Conference and the Golden Ding Award Ceremony will take place on November 8, 2025, in Guangzhou [3][4]. - The event aims to focus on new technologies and build a new ecosystem in the solid-state battery industry [3][6]. Forum Scale and Participants - The forum is expected to host over 1000 participants, with major sponsors including Ru Tian Technology [2]. - Notable companies participating include CATL, BYD, Ganfeng Lithium, and many others from the solid-state battery and related sectors [2]. Agenda Highlights - The main forum will feature a series of presentations and discussions on advancements in solid-state battery technology, including the release of a global industry white paper [5][6]. - Key topics will cover solid-state electrolyte technologies, manufacturing processes, and innovations in battery materials [5][6]. Awards and Recognition - The event will also include the 2025 Golden Ding Awards, recognizing achievements in various categories such as innovation in solid-state battery materials and technology [6]. - Specific awards include the Pioneer Award for solid-state battery industrialization and the Most Investable Award in the solid-state battery sector [6]. Registration and Participation - Registration fees for attending the conference are set at 1688 RMB per person, which includes access to the event, meals, and the award ceremony [9]. - Various sponsorship and exhibition options are available, with prices ranging from 15,000 RMB for a standard booth to 48,000 RMB for a larger custom space [9].

Core Viewpoint - Recently, two companies, Shenzhen Taiji Energy Technology Co., Ltd. and Shenzhen Hengdong Carbon Fiber Energy Technology Co., Ltd., were established, both led by Shi Lei and focusing on emerging energy technologies and manufacturing related equipment [1] Group 1: Company Overview - Both companies are involved in the research and development of emerging energy technologies, manufacturing of new energy driving equipment, and sales of photovoltaic equipment and components [1] - Both companies are wholly owned subsidiaries of Ganfeng Lithium Co., Ltd. through Shenzhen Yichu Energy Technology Co., Ltd. [1]