Core Viewpoint - The Hong Kong stock market is witnessing a rise in energy storage concept stocks, indicating positive investor sentiment in this sector [1] Company Performance - Longpan Technology (02465.HK) increased by 12.88%, reaching HKD 14.99 [1] - Ruipulan Jun (00666.HK) rose by 7.47%, trading at HKD 16.26 [1] - Zhongchuang Xinhang (03931.HK) saw a gain of 5.14%, priced at HKD 33.98 [1] - Zhengli New Energy (03677.HK) experienced a 2.92% increase, with a share price of HKD 9.86 [1]

Core Viewpoint - Longpan Technology's stock rose by 5.1% to 20.62 CNY per share, with a trading volume of 710 million CNY and a turnover rate of 6.25%, resulting in a total market capitalization of 14.126 billion CNY [1] Company Overview - Longpan Technology, established on March 11, 2003, and listed on April 10, 2017, is located in Nanjing Economic and Technological Development Zone, Jiangsu Province, China [1] - The company primarily engages in the sales of automotive fine chemicals and lithium iron phosphate (LFP) cathode materials, operating through three business segments [1] - The revenue composition is as follows: LFP cathode materials sales account for 65.14%, automotive fine chemicals sales for 26.40%, lithium carbonate and raw material processing for 7.81%, and other businesses for 0.66% [1] Fund Holdings - Tianzhi Fund has a significant holding in Longpan Technology, with its Tianzhi Research-Driven Mixed A Fund (350009) holding 27,000 shares, representing 1.96% of the fund's net value, making it the fourth-largest holding [2] - The fund has generated a floating profit of approximately 27,000 CNY today [2] Fund Manager Information - The fund manager of Tianzhi Research-Driven Mixed A Fund is Liang Li, who has been in the position for 4 years and 214 days [3] - The total asset size of the fund is 64.314 million CNY, with the best return during Liang Li's tenure being 30.95% and the worst being -64.36% [3]

Core Viewpoint - Energy storage concept stocks are rising against the market trend, driven by the significant increase in lithium hexafluorophosphate prices and supportive government policies for renewable energy consumption [1] Group 1: Stock Performance - Longpan Technology (603906) increased by 12.88%, trading at 14.99 HKD - Ruipu Lanjun (00666) rose by 7.47%, trading at 16.26 HKD - Zhongchuang Xinhang (03931) gained 5.14%, trading at 33.98 HKD - Zhengli New Energy (03677) saw a 2.92% increase, trading at 9.86 HKD [1] Group 2: Price Trends - Lithium hexafluorophosphate is experiencing a "daily pricing" trend, with some market quotes reaching 150,000 CNY per ton, and mainstream transaction prices have doubled since mid-October [1] - The price increase is spreading throughout the lithium battery supply chain, affecting electrolyte additives such as VC (Vinylene Carbonate) and FEC (Fluoroethylene Carbonate) [1] Group 3: Government Policies - On November 10, the National Development and Reform Commission and the National Energy Administration released guidelines to promote renewable energy consumption and regulation [1] - Guotai Junan's research report indicates that the future nationwide promotion of capacity pricing mechanisms may enhance the economic viability of energy storage in more provinces, leading to significant growth in the sector [1] - The introduction of discharge compensation for energy storage in Inner Mongolia is expected to greatly stimulate energy storage demand by 2026 [1]

Group 1 - The solid-state battery sector in Hong Kong stocks is experiencing a significant rally, with Longpan Technology rising over 10% [1] - Ruipu Lanjun, Ganfeng Lithium, and Tianqi Lithium have all seen increases of over 6% [1] - Zhongchuang Xinhang has also reported a rise of over 4% [1]

证券代码：603906 证券简称：龙蟠科技 公告编号：2025-141 江苏龙蟠科技集团股份有限公司 关于 2025 年第三季度业绩说明会召开情况的公告 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个别及连带责任。 江苏龙蟠科技集团股份有限公司（以下简称"公司"）于 2025 年 11 月 12 日 下 午 13:00-14:00 在 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/）召开了 2025 年第三季度业绩说明会，就公司经营业 绩及未来发展规划等具体情况与投资者进行了交流与沟通。现将说明会召开情况 公告如下： 一、本次业绩说明会召开情况 在说明会上，公司与投资者进行互动交流和沟通，对投资者提出的问题给予 了回答，具体情况如下： 1、投资者问：公司在持续向新能源、新材料领域进行战略转型。请具体说 明，在 2025 年第三季度，包括磷酸铁锂正极材料、冷却液等新能源产品线的产 能利用率、出货量及盈利贡献情况如何？ 回答：尊敬的投资者，您好！公司各产品的出货 ...

Core Viewpoint - The rapid growth in demand for lithium iron phosphate (LFP) is expected to drive significant increases in production and sales through 2026, benefiting companies like Longpan Technology [1] Industry Summary - According to Zeyan Consulting, China's LFP production is projected to reach 244.5 million tons in 2024 and 306 million tons in the first ten months of 2025, representing year-on-year growth of 54% and 59% respectively [1] - In October, LFP and iron phosphate production reached 40 million tons and 33.5 million tons, with capacity utilization rates of 75.9% and 76.7% [1] - The demand for LFP is expected to continue increasing due to the rapid growth in energy storage needs, making LFP a significant driver of demand for phosphate rock in China [1] Company Summary - Longpan Technology's stock rose over 3% and was trading at 13.3 HKD with a transaction volume of 1.09 billion HKD [1] - The company reported approximately 5.825 billion CNY in revenue for the first three quarters of 2025, a year-on-year increase of 2.91% [1] - Longpan Technology's net loss attributable to shareholders was approximately 110 million CNY, narrowing by 63.53% year-on-year, with a basic loss per share of 0.16 CNY [1]

Core Viewpoint - Longpan Technology's stock has shown significant growth this year, with a 94.11% increase, indicating strong market performance and investor interest [1][3]. Company Overview - Longpan Technology, established on March 11, 2003, and listed on April 10, 2017, is based in Nanjing, Jiangsu Province, and specializes in automotive fine chemicals and lithium iron phosphate (LFP) cathode materials [2]. - The company's revenue composition includes 65.14% from LFP cathode materials, 26.40% from automotive fine chemicals, 7.81% from lithium carbonate and raw material processing, and 0.66% from other businesses [2]. Financial Performance - For the period from January to September 2025, Longpan Technology reported a revenue of 58.25 billion yuan, reflecting a year-on-year growth of 2.91%, while the net profit attributable to shareholders was -1.10 billion yuan, showing a significant year-on-year increase of 63.52% [3]. - The company has distributed a total of 2.56 billion yuan in dividends since its A-share listing, with no dividends paid in the last three years [4]. Shareholder Information - As of September 30, 2025, Longpan Technology had 85,800 shareholders, a decrease of 15.35% from the previous period, with an average of 6,589 circulating shares per shareholder, an increase of 18.14% [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 5.3494 million shares, an increase of 1.7157 million shares compared to the previous period [4].

Core Viewpoint - The 2025 (15th) High-tech Lithium Battery Annual Conference will be held from November 18 to 20 in Shenzhen, focusing on the lithium battery industry's new journey and attracting over 1,500 executives from more than 1,000 companies in the lithium battery supply chain [3][4]. Event Details - The conference will last for three days and feature 12 specialized forums [3]. - The latest agenda and participation strategies are available for attendees [4]. - A list of confirmed attendees includes over 100 leaders from various equipment and battery companies, such as Ningde Times and Yiwei Lithium Energy [4][5]. Keynote Speakers - Notable speakers include: - Zeng Yuqun, Chairman of Ningde Times - Liu Jincheng, Chairman of Yiwei Lithium Energy - Wang Mingwang, Founder of Xinwanda - Feng Xiao, Chairman of Xingheng Power [5][6]. Sponsorship and Support - Major sponsors include Hai Moxing Laser, Dazhu Lithium Battery, and Karol Weide, among others [6]. - Various companies will also present at the conference, showcasing their latest innovations and developments [7]. Awards and Recognition - The conference will feature the announcement of the High-tech Golden Ball Awards, with several companies already listed for recognition, including Yiwei Lithium Energy and Xinwanda [7][8]. - The awards will highlight achievements in the lithium battery sector, with ongoing updates on nominees [8].

证券代码：603906 证券简称：龙蟠科技 公告编号：2025-140 江苏龙蟠科技集团股份有限公司 关于使用闲置募集资金购买理财产品的进展公告 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： 基本情况 | 投资金额 | 万元 30,400 | | --- | --- | | 投资种类 | 银行理财 | | 资金来源 | 募集资金 | 已履行的审议程序 江苏龙蟠科技集团股份有限公司（以下简称"公司"）于 2025 年 3 月 28 日 召开第四届董事会第三十四次会议与第四届监事会第二十六次会议，审议通过了 《关于公司使用部分闲置募集资金进行现金管理的议案》，公司（含下属公司） 拟使用闲置非公开发行股票募集资金不超过人民币 6 亿元进行现金管理。 特别风险提示 尽管公司投资安全性高、流动性好的现金管理产品，总体风险可控，但金融 市场受宏观经济的影响较大，不排除该项投资受到市场波动的影响，存在一定的 系统性风险。公司将根据经济形势以及金融市场的变化适时适量地介入，降低市 场波动引起的投资风险。 序号 受托方 产品类 ...

Core Viewpoint - Longpan Technology's stock price has experienced significant fluctuations, with a year-to-date increase of 91.41% and a recent decline of 2.03% on November 10, 2023, indicating volatility in investor sentiment and market conditions [1]. Company Overview - Longpan Technology, established on March 11, 2003, and listed on April 10, 2017, is based in Nanjing, Jiangsu Province, China. The company specializes in the sales of automotive fine chemicals and lithium iron phosphate (LFP) cathode materials [2]. - The company's revenue composition includes 65.14% from LFP cathode materials, 26.40% from automotive fine chemicals, 7.81% from lithium carbonate and raw material processing, and 0.66% from other businesses [2]. - Longpan Technology operates in the electric equipment industry, specifically in battery and battery chemicals, and is involved in sectors such as energy conservation, solid-state batteries, energy storage, hydrogen energy, and battery recycling [2]. Financial Performance - As of September 30, 2025, Longpan Technology reported a revenue of 58.25 billion yuan, reflecting a year-on-year growth of 2.91%. However, the net profit attributable to shareholders was -1.10 billion yuan, showing a significant increase of 63.52% compared to the previous period [3]. - The company has distributed a total of 2.56 billion yuan in dividends since its A-share listing, with no dividends paid in the last three years [4]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 15.35% to 85,800, while the average circulating shares per person increased by 18.14% to 6,589 shares [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 5.3494 million shares, an increase of 1.7157 million shares from the previous period [4].