每经AI快讯，1月4日，龙蟠科技公告，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。 ...

Core Viewpoint - The company Longpan Technology announces that its subsidiary Changzhou Liyuan plans to sign cooperation agreements for a high-performance lithium battery cathode material project, which includes the establishment of a research and development center and a production base with an annual capacity of 240,000 tons of high-pressure lithium iron phosphate [1] Group 1 - The project will be located in the Jiangsu Province Jintan Hualuogeng High-tech Industrial Development Zone [1] - The total planned investment for the project is not to exceed 2 billion yuan, funded by the company's own or self-raised funds [1] - The production base will be implemented in two phases, with the first phase planned to construct 120,000 tons, and the second phase will be initiated based on market conditions [1]

龙蟠科技公告，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。 ...

Core Viewpoint - The domestic lithium iron phosphate cathode material industry is preparing for a collective action to raise processing fees starting January 1, 2026, in response to rising raw material costs and strong downstream demand [1][3][4]. Industry Response - Multiple leading cathode material producers, including Longpan Technology and Wanrun New Energy, are signaling plans to increase processing fees by 3,000 yuan per ton, reflecting a necessary adjustment after three years of price declines [3][6]. - The increase in processing fees is a strategic move to convey that cost pressures are stemming from manufacturing rather than raw material prices, which are subject to market fluctuations [4][11]. Raw Material Price Surge - As of December 31, 2025, the benchmark price for battery-grade lithium carbonate reached 120,400 yuan per ton, a significant increase from around 100,000 yuan per ton earlier in December, marking a rise of over 20% in just one month [4][9]. - The rising cost of lithium carbonate has made it imperative for cathode material producers to adjust their pricing structures to avoid losses, as the cost of lithium carbonate directly impacts production costs [6][11]. Market Demand Dynamics - There is a structural demand for high-performance lithium iron phosphate products, particularly in energy storage and high-density battery applications, which is driving the need for price adjustments [12][13]. - The demand for high-end lithium iron phosphate is expected to remain strong, with orders extending into the first quarter of 2026, indicating a shift towards premium products [13][14]. Industry Reflection and Future Outlook - The collective price increase is seen as a response to the industry's reflection on the detrimental effects of prolonged price wars, which have led to significant financial losses across the sector [11][14]. - Analysts suggest that the current price adjustments may signal a shift towards a more sustainable industry model, focusing on reasonable profit margins to support research and development [14][18]. - The ongoing negotiations between cathode material producers and downstream battery manufacturers will determine the effectiveness and sustainability of these price increases [18][19].

Core Viewpoint - The lithium iron phosphate (LFP) cathode material industry is experiencing a collective price increase in processing fees due to rising raw material costs, particularly lithium carbonate, and strong downstream demand, marking a necessary response to restore profitability after a prolonged price downturn [4][6][12]. Industry Response - Multiple leading LFP manufacturers, including Longpan Technology and Wanrun New Energy, are planning to raise processing fees starting January 1, 2026, as a reaction to the significant increase in lithium carbonate prices and structural demand in the market [4][11]. - The decision to raise processing fees rather than the total price reflects the industry's pricing practices, where raw material costs fluctuate while processing fees can be adjusted more flexibly to convey cost pressures to clients [4][12]. Raw Material Price Surge - As of December 31, 2025, the benchmark price for battery-grade lithium carbonate reached 120,400 yuan per ton, having surged over 20% in just one month, significantly exceeding the cost tolerance of downstream material sectors [5][11]. - The increase in lithium carbonate prices has directly impacted the cost structure of LFP production, with each 10,000 yuan increase in lithium carbonate raising material costs by approximately 2,500 yuan per ton [7][13]. Market Demand Dynamics - There is a robust demand for high-performance LFP products, particularly in energy storage and high-density battery applications, which supports the rationale for price increases [8][15]. - The market is not experiencing a general recovery but rather a concentration of demand towards leading companies and high-end products, enhancing their pricing power [15][16]. Historical Context and Industry Reflection - The industry has faced significant price declines, with LFP material prices dropping from 173,000 yuan per ton at the end of 2022 to 34,000 yuan per ton by mid-2025, leading to over 36 months of continuous losses [12][16]. - The recent price increases are seen as a collective response to the detrimental effects of prolonged price wars, with industry stakeholders recognizing the need for sustainable profit margins to invest in research and development [16][19]. Future Outlook - Analysts predict that the price increase trend starting in January 2026 will likely continue, driven by persistent cost pressures and a tight supply of high-end products [18][19]. - The ability of LFP manufacturers to successfully pass on these cost increases to downstream battery manufacturers remains a critical factor for the sustainability of this price recovery [19][20].

Group 1: Photovoltaic Industry - The National Development and Reform Commission (NDRC) held a meeting to address issues of price disorder in the photovoltaic industry and to establish cost recognition standards [1] - The NDRC aims to combat price disorder and maintain a healthy market price order, which will help the photovoltaic industry achieve sustainable development [1] - Key focus areas include: 1) Supply-side reform leading to price increases, with attention on Tongwei Co., Longi Green Energy, JA Solar, JinkoSolar, and Trina Solar; 2) Long-term growth opportunities from new technologies, focusing on Mibet, Aiko Solar, and Juhua Materials; 3) Industrialization opportunities from perovskite GW-level layouts, focusing on Jinjing Technology, Wanrun Co., Jiejia Weichuang, Dier Laser, Jing Shan Light Machine, Delong Laser, and Manston [1] Group 2: Wind Power and Grid - Denmark's Energy Agency announced the launch of a tender for at least 2.8GW of offshore wind projects, with a total budget cap of 55.2 billion Danish Kroner (approximately 60.63 billion RMB) [2] - The State Grid Corporation of China initiated the fifth round of preliminary service bidding for projects including Qinggui DC and Nantong-Suzhou DC, with various technical specifications [2] - Key companies to watch include: Goldwind Technology, Yunda Co., Mingyang Smart Energy, and Sany Heavy Energy for wind turbine segments; Dongfang Cable, Zhongtian Technology, and Hengtong Optic-Electric for submarine cable and flexible DC technology [2] Group 3: Hydrogen Energy - Premier Li Qiang stated that China has built the world's largest renewable energy system and has cooperated with over 100 countries on green energy [3] - China has contributed to a reduction of approximately 4.1 billion tons of carbon emissions through wind and solar products over the past five years [3] - Recommended companies include: Shuangliang Eco-Energy, Huadian Heavy Industries, Shenghui Technology, and Huaguang Huaneng for quality equipment; Kaysun, Ice Wheel Environment, and Snowman for hydrogen compressors [3] Group 4: Energy Storage - The bidding price range for the W3 energy storage system project in November 2025 is between 0.456 RMB/Wh and 0.6664 RMB/Wh [3] - The average bidding price for W3 EPC is between 0.727 RMB/Wh and 1.6641 RMB/Wh [3] - Companies to focus on include: Sungrow Power Supply, Canadian Solar, Haibo Technology, and Sunking Electric for high-growth energy storage sectors [3] Group 5: New Energy Vehicles - Longpan Technology signed a supply agreement for 1.3 million tons of lithium iron phosphate, corresponding to nearly 600GWh of battery demand, with a total estimated value exceeding 45 billion RMB [4] - The agreement indicates a strong demand for battery materials, with expectations of over 300GWh of effective capacity by the end of 2026 [4] - Other partnerships include agreements with Tianci Materials and Nord Materials for significant procurement of electrolyte and copper foil [4]

江苏龙蟠科技集团股份有限公司 2025年第六次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 证券代码：603906 证券简称：龙蟠科技 公告编号：2026-001 (一)股东会召开的时间：2025 年 12 月 31 日 (二)股东会召开的地点：南京经济技术开发区恒通大道 6 号江苏龙蟠科技集团股 份有限公司二楼大会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 626 | | --- | --- | | 股股东人数 其中：A | 625 | | 境外上市外资股股东人数（H 股） | 1 | | 2、出席会议的股东所持有表决权的股份总数（股） | 275,315,786 | | 其中：A 股股东持有股份总数 | 249,306,972 | | 股） 境外上市外资股股东持有股份总数（H | 26,008,814 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 ...

国浩律师（上海）事务所 法律意见书 上海市静安区山西北路 99 号苏河湾中心 MT 25-28 层 邮编：200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China 电话/Tel: (+86)(21) 5234 1668 传真/Fax: (+86)(21) 5234 1670 网址/Website:http://www.grandall.com.cn 关于江苏龙蟠科技集团股份有限公司 2025年第六次临时股东会的法律意见书 致：江苏龙蟠科技集团股份有限公司 国浩律师（上海）事务所（简称"本所"）接受江苏龙蟠科技集团股份有限 公司（简称"公司"）委托，指派本所律师出席公司 2025 年第六次临时股东会 （简称"本次股东会"），并根据《中华人民共和国证券法》（简称"《证券法》"）、 《中华人民共和国公司法》（简称"《公司法》"）、《上市公司股东会规则》 （简称"《股东会规则》"）以及《江苏龙蟠科技集团股份有限公司章程》（简 称"《公司章程》"）的规定出具本法律意见书。 本所律师依据本法律意见书出具日之前已 ...

证券代码：603906 证券简称：龙蟠科技 公告编号：2026-002 江苏龙蟠科技集团股份有限公司 关于公司 2025 年股票期权激励计划内幕信息知情人 及激励对象买卖公司股票情况的自查报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 认，并由中国结算出具了查询证明。 二、核查对象买卖公司股票的情况说明 根据中国结算出具的《信息披露义务人持股及股份变更查询证明》及《股东 股份变更明细清单》，在本激励计划自查期间，有 67 名核查对象（非公司董事、 高级管理人员）存在买卖公司股票的行为，其余核查对象均不存在买卖公司股票 的行为。 经公司核查并根据上述人员出具的书面说明，上述 67 名核查对象在自查期 间买卖公司股票时并未参与本激励计划方案的制定，是基于对股票二级市场行情 及个人判断做出的独立投资决策，不存在利用本激励计划内幕信息进行股票交易 的情形。 江苏龙蟠科技集团股份有限公司（以下简称"公司"）于 2025 年 10 月 22 日 召开了第四届董事会第四十三次会议、第四届董事会薪酬与考核委员会第七次会 议，审议通 ...

Core Viewpoint - Jiangsu Longpan Technology Group Co., Ltd. announced a planned production reduction for its subsidiary Changzhou Liyuan New Energy Technology Co., Ltd. to ensure the stable operation of its lithium iron phosphate production line, with a reduction of approximately 5,000 tons expected during a one-month maintenance period starting January 1, 2026 [1] Group 1 - The production line of Changzhou Liyuan has been operating at full capacity since Q4 2025, and the maintenance is scheduled for January due to the later timing of the Spring Festival this year [2] - Other lithium iron phosphate companies, including Hunan Youneng New Energy Battery Materials Co., Ltd. and Guizhou Anda Technology Energy Co., Ltd., have also announced production reductions ranging from 3,000 tons to 35,000 tons, with maintenance concentrated in January 2026 [1][2] - Longpan Technology is simultaneously advancing its capacity expansion for lithium iron phosphate, planning to increase the production capacity of its project from 62,500 tons per year to 100,000 tons per year, with the total planned capacity rising to 187,500 tons per year [2] Group 2 - Longpan Technology plans to raise up to 2 billion yuan through a specific stock issuance to fund high-performance phosphate-based cathode material projects and to supplement working capital [3] - The company emphasizes that developing high-performance products and having a well-structured capacity will provide a competitive edge in a phase of intensified industry competition [3] - The strategy of simultaneous maintenance and expansion is seen as a key move to navigate the industry's cyclical turning point, aiming to stabilize prices in the short term while expanding capacity to meet future demand [3]