（编辑 袁冠琳） 证券日报网讯 1月5日，龙蟠科技在互动平台回答投资者提问时表示，公司使用闲置募集资金购买理财 产品是在确保不影响募投项目建设的前提下，为提高资金使用效率而进行的现金管理，符合股东利益最 大化原则。关于定增事项，公司是基于战略发展规划和业务需求，旨在增强资本实力和提升盈利能力， 符合全体股东利益。公司股价波动受多种因素影响，目前不存在应披未披信息。 ...

（文章来源：证券日报） 证券日报网讯 1月5日，龙蟠科技在互动平台回答投资者提问时表示，截至2025年9月30日，公司普通股 股东总数为85759户。 ...

证券日报网讯 1月5日，龙蟠科技在互动平台回答投资者提问时表示，公司高度重视舆情管理工作，严 格按照《江苏龙蟠科技集团股份有限公司舆情管理制度》进行监测和处置。对于网络不实信息，公司会 及时调查核实，若属重大负面舆情将启动工作组机制，通过官方渠道澄清并做好投资者沟通工作。当前 公司经营一切正常，相关信息请以公司公告为准。 （编辑 任世碧） ...

Core Viewpoint - Longpan Technology (603906.SH) has approved a plan to invest up to 2 billion yuan in a high-performance lithium battery cathode material project, which will be implemented by its wholly-owned subsidiary, Liyuan (Jiangsu) Technology Co., Ltd. [1][8] Investment Project - The project will be constructed in two phases, with the first phase aiming for a production capacity of 120,000 tons of lithium iron phosphate, expected to start construction in Q1 2026 and be completed in Q3 2026. The company will initiate the second phase based on market conditions [2][9] - This new capacity will increase the total planned capacity from a previous 62,500 tons per year to 100,000 tons per year, further solidifying its position in the lithium iron phosphate cathode material sector [2][9] Company Overview - Longpan Technology, established in 2003, initially focused on lubricants but has expanded into three main sectors: lithium materials, automotive chemicals, and hydrogen energy. The company has undergone significant transformations, including the acquisition of the lithium iron phosphate cathode material business from BETTERI in 2021 [3][10] - The company went public on the Hong Kong Stock Exchange in 2024, becoming a dual-listed entity, and has a current A-share market capitalization of approximately 14 billion yuan [3][10] - Longpan Technology has established a strong position in the lithium iron phosphate cathode material market, with stable partnerships with major global lithium battery manufacturers, and ranks among the top in domestic shipments [3][10] Financial Performance - Longpan Technology is currently in a transformation phase, with net losses of 1.233 billion yuan and 636 million yuan expected for 2023 and 2024, respectively [5][11] - In the first three quarters of 2025, the company reported revenue of 5.825 billion yuan, a slight increase of 2.91% year-on-year, with a net loss of approximately 110 million yuan, a significant reduction of 63.53% compared to the same period last year [5][11] - The automotive fine chemicals segment performed well, generating 2.64 billion yuan in revenue, a profit increase of 35.2% to 124 million yuan, while the lithium iron phosphate cathode material segment saw a revenue decline of 6.3% to 2.359 billion yuan, but its losses narrowed by 36.7% to 186 million yuan [12][11] Major Orders and Investments - In addition to the 2 billion yuan investment project, Longpan Technology has secured significant customer orders, including a deal to supply 1.3 million tons of lithium iron phosphate cathode materials from 2025 to 2030, estimated to exceed 45 billion yuan in total sales [6][12] - The company also signed a long-term procurement agreement with a subsidiary of XINWANDA in Thailand to supply a total of 106,800 tons of lithium iron phosphate cathode materials from 2026 to 2030, with an estimated contract value of 4.5 billion to 5.5 billion yuan [6][13]

2 起点锂电 \ 2 起点固态电池 先手检修减产，后手扩建产能， 龙蟠科技又要新建产能！ 1月4日龙蟠科技发布公告称，公司控股子公司常州锂源新能源科技有限公司拟与江苏省金坛华罗庚高新技术产业开发区管理委员会签署合作 协议，投资建设高性能锂电池正极材料项目。 项目计划总投资不超过20亿元，资金来源为公司自有资金或自筹资金。 项目分为两期实施，其中一期计划建设12万吨，预计建设周期为9个月。项目产品主要为磷酸铁锂，公司承诺项目于2026年一季度启动建 设，2026年三季度竣工投产，一期项目建成后产能不低于12万吨/年。 往 期 回 顾 | 01 | ｜ 全球第二递表港交所！斩获储能订单超69GWh | | --- | --- | | 02 | ｜ 20.8亿元！盛新锂能全资控股木绒锂矿 | | 03 | ｜ 央视聚焦！新能安"雪豹电池"已量产交付数十万套 | | 04 | ｜ 2026起点锂电两轮车换电大会暨轻型动力电池鲁班奖颁奖典礼定档2026年4月深圳 | | | 举办！ | 起点锂电&固态年度计划表 01月~02月 2026起点锂电&固态电池全国行 04月10日 2026 (第6届)起点锂电两轮车换电大会 ...

生意社01月05日讯龙蟠科技拟在江苏省金坛华罗庚高新技术产业开发区投建年产24万吨磷酸铁锂生产基 地。 PriceSeek评析 定价公式：结算价=生意社基准价×K＋C K：调整系数，包括账期成本等因素。 C：升贴水，包括物流成本、品牌价差、区域价差等因素。 生意社01月05日讯龙蟠科技拟在江苏省金坛华罗庚高新技术产业开发区投建年产24万吨磷酸铁锂生产基 地。 PriceSeek评析 磷酸铁锂，多空评分：-1 龙蟠科技计划在江苏省金坛华罗庚高新技术产业开发区投建年产24万吨磷酸铁锂生产基地，新增产能将 显著增加市场供应。当前电动车市场需求增长虽稳定，但供应扩张速度可能超过需求增速，导致现货价 格承压下行。该消息对磷酸铁锂现货市场构成一般利空影响，预计价格短期面临回调风险。 磷酸铁锂，多空评分：-1 龙蟠科技计划在江苏省金坛华罗庚高新技术产业开发区投建年产24万吨磷酸铁锂生产基地，新增产能将 显著增加市场供应。当前电动车市场需求增长虽稳定，但供应扩张速度可能超过需求增速，导致现货价 格承压下行。该消息对磷酸铁锂现货市场构成一般利空影响，预计价格短期面临回调风险。 【大宗商品公式定价原理】生意社基准价是基于价格大数 ...

Core Viewpoint - Longpan Technology plans to invest up to 2 billion yuan to build a 240,000-ton high-pressure lithium iron phosphate production base, with construction starting in Q1 2026 and production expected by Q3 2026 [1] Company Summary - Longpan Technology's subsidiary, Changzhou Liyuan, commits to a production capacity of no less than 120,000 tons per year after the first phase, while also planning to increase its existing capacity from 62,500 tons to 100,000 tons per year [1] - The company reported interest-bearing liabilities of 9.576 billion yuan as of mid-2025, a year-on-year increase of 6.90%, with an asset-liability ratio of 52.89% [1] - By the end of Q3 2025, the asset-liability ratio rose to 79.24%, up from 78.41% in mid-2025 [1] - Despite raising 1.846 billion yuan through financing activities, the company's cash balance can cover over 70% of short-term borrowings as of mid-2025 [1] Industry Summary - The lithium iron phosphate industry is facing unprecedented challenges, with average market prices at 14,704.8 yuan per ton in November 2025, while production costs range from 16,798.2 yuan to 17,216.3 yuan per ton, leading to losses of approximately 2,000 to 2,500 yuan per ton produced [2][3] - Major companies, including Longpan Technology, have announced production cuts scheduled for January 2026 due to these market pressures [2] - The industry has seen a significant increase in production, with a total output of 3.48 million tons from January to November 2025, a year-on-year increase of 57.9% [4] - Market forecasts suggest that global shipments of lithium iron phosphate cathode materials could reach 5.25 million tons in 2026, a 36% increase year-on-year [5]

Group 1 - The company Longpan Technology announced plans to invest up to 2 billion yuan in a high-performance lithium battery cathode material project through its subsidiary Changzhou Liyuan New Energy Technology Co., Ltd [2] - The project will involve the construction of a research and development center and a production base with an annual capacity of 240,000 tons of high-pressure lithium iron phosphate, to be built in two phases [2] - The first phase will have a capacity of 120,000 tons, with a construction period of 9 months, expected to start in Q1 2026 and be completed by Q3 2026 [2] Group 2 - The project will be located in the Huaguo Geng High-tech Industrial Development Zone in Jiangsu Province, with 160 acres of industrial land allocated for a 50-year usage period [2] - The management committee of the Huaguo Geng High-tech Zone will ensure the land meets the "seven connections and one leveling" standard and will cover all costs related to site preparation and municipal infrastructure [3] - The committee will provide a green channel for project implementation, assist in obtaining necessary permits, and coordinate favorable pricing for electricity and gas [3] Group 3 - The investment is a strategic move based on market demand and the company's current situation, aimed at expanding high-performance lithium iron phosphate capacity and enhancing overall competitiveness [3] - The company intends to leverage existing customer relationships and market structure to achieve reasonable business extension and synergistic effects [3]

项目一期预计2026年一季度启动建设，2026年三季度竣工投产。 磷酸铁锂正极材料核心供应商龙蟠科技（603906.SH）再出扩产动作。 据该公司1月5日公告，为进一步扩大高性能磷酸铁锂产能，控股子公司常州锂源拟与江苏省金坛华罗庚 高新技术产业开发区管理委员会（下称"华罗庚高新区管委会"）签署合作协议，以自有资金及自筹资 金，总投资不超过20亿元投建高性能锂电池正极材料项目。 12万吨新产能拟三季度投产 龙蟠科技称，停产检修预计减少常州锂源磷酸铁锂产量约5000吨，预计不会对公司2026年经营业绩产生 重大影响。 业内分析，扩产的核心考量是抢占技术与市场先机以满足未来订单，而短期停产检修的核心目的是保障 生产安全和稳价格，而公司牺牲部分产量减产的另一原因是成本压力大。 项目于2026年一季度启动建设，2026年三季度竣工投产，一期项目建成后产能不低于12万吨/年。二期 建设将根据市场情况适时启动。 最新公告显示，华罗庚高新区管委会将为项目开通落地绿色通道，包括但不限于"四证两评"（土地使用 权证、用地规划许可证、建筑工程规划许可证、建筑工程施工许可证和环评报告批复、节能审查批 复）。负责协调项目公司生产用电、 ...

Market Overview - Major US stock indices showed mixed performance, with the S&P 500 rising by 0.19% and the Dow Jones increasing by 0.66%, while the Nasdaq fell by 0.03% [1] - Tesla shares dropped by 2.6%, influenced by software stocks offsetting gains in chip stocks, while Salesforce fell over 4% and Nvidia rose over 1% [1] - The White House's decision to delay tariffs on certain household goods led to an 8% increase in shares of RH [1] Semiconductor Sector - SanDisk surged nearly 16%, Micron Technology rose over 10%, ASML increased by over 8%, and TSMC hit a historical high with a rise of over 5% [2] - The semiconductor sector is expected to benefit from increased capital expenditure in 2026, with analysts projecting a tightening market for memory chips, leading to significant price increases [11] Chinese Tech Stocks - The China concept index rose over 4%, with Baidu increasing by 15% and Alibaba by over 6% [3] - Baidu announced plans to spin off Kunlun Chip for independent listing on the Hong Kong Stock Exchange, resulting in a 9% rise in its stock [10] Economic Policies and Initiatives - The State Council approved the draft of the Water Supply Regulations and the revised Drug Administration Law Implementation Regulations [4] - Shanghai's measures to accelerate the construction of low-altitude economic advanced manufacturing clusters include support for eVTOL and industrial-grade drones, with funding up to 50 million yuan [5] - The State Council issued a solid waste comprehensive governance action plan aiming for a 45 billion-ton annual comprehensive utilization of major solid waste by 2030 [5] IPO and Corporate Actions - Blue Arrow Aerospace's IPO application was accepted, aiming to raise 7.5 billion yuan for reusable rocket technology upgrades and capacity enhancement [12] - Multiple companies announced acquisitions, including Zhongwei Company planning to acquire a 64.69% stake in Hangzhou Zhonggui, and Meike Home proposing to buy 100% of Wande Technology [15][16] Lithium and Battery Materials - Tianqi Lithium forecasted a net profit of 1.1 to 1.6 billion yuan for 2025, driven by strong demand in the new energy vehicle and energy storage markets [29] - The lithium hexafluorophosphate market is expected to remain tight, with significant price increases anticipated due to strong demand and cautious supply expansion [13] Consumer Market Trends - Hainan's duty-free market saw a significant increase during the New Year holiday, with sales reaching 712 million yuan, a year-on-year growth of 128.9% [10][14]