Core Viewpoint - The lithium iron phosphate (LFP) industry is facing significant operational pressure due to rising raw material costs and challenges in passing price increases to downstream battery manufacturers, leading to collective production cuts among major companies in the sector [2][4]. Group 1: Production Cuts - Five major LFP companies, including Wanrun New Energy and Hunan Youneng, announced production cuts scheduled for January 2026, with reductions ranging from 35% to 50% [2][3]. - Long-term contracts ("long orders") provide some market security for LFP companies, but challenges remain in transmitting raw material price increases [2][4]. - The collective production cuts are seen as a necessary measure to support pricing amid unfavorable market conditions [4][5]. Group 2: Market Dynamics - The average market price for LFP in November was 14,704.8 yuan per ton, while production costs ranged from 16,798.2 yuan to 17,216.3 yuan per ton, indicating a widening gap between costs and prices [5]. - Despite high demand and increased operational rates, most LFP companies are still operating at a loss, with only a few exceptions like Hunan Youneng and Fulian Precision [5][6]. - The industry is characterized as being in a "sandwich" position, squeezed by rising raw material costs and resistance from downstream customers to accept price hikes [2][5]. Group 3: Expansion Trends - A new wave of capacity expansion is emerging in the LFP sector, with companies like Ningde Times and Wanhua Chemical investing heavily in new production projects [7][8]. - Ningde Times' subsidiary, Bangpu Recycling, launched a new LFP project with an annual capacity of 450,000 tons, while Wanhua Chemical plans to build a 650,000-ton LFP project in Shandong [7][8]. - The influx of new entrants and expansion by existing players raises concerns about potential oversupply in the market, especially as the industry has not fully recovered from previous losses [7][8].

Core Viewpoint - Longpan Technology (603906) announced that its subsidiary, Changzhou Lithium Source New Energy Technology Co., Ltd., will undergo a planned production reduction and maintenance for its lithium iron phosphate production line starting January 1, 2026, to ensure safe and stable operations [1] Group 1 - The lithium iron phosphate production line at Changzhou Lithium Source has been operating beyond capacity since Q4 2025 [1] - The maintenance is expected to last for one month and will reduce the production capacity by approximately 5,000 tons [1] - The company anticipates that this maintenance will not have a significant impact on its operating performance in 2026 [1]

本次部分产线减产检修系为保障磷酸铁锂生产线的持续稳定运转，本次检修预计减少常州锂源磷酸铁锂 产量5000吨左右，预计不会对公司2026年经营业绩产生重大影响。 智通财经APP讯，龙蟠科技(02465)发布公告，2025年四季度以来，公司控股子公司常州锂源新能源科技 有限公司(常州锂源)磷酸铁锂产线已超负荷运转，为确保磷酸铁锂生产线安全、稳定、高效运行，自 2026年1月1日起，常州锂源将对部分产线按照预定计划进行减产检修，预计检修时间为期一个月。 ...

据悉，本次部分产线减产检修系为保障磷酸铁锂生产线的持续稳定运转，本次检修预计减少常州锂源磷 酸铁锂产量5,000吨左右，预计不会对公司2026年经营业绩产生重大影响。 智通财经APP讯，龙蟠科技(603906.SH)公告，2025年四季度以来，公司控股子公司常州锂源新能源科 技有限公司("常州锂源")磷酸铁锂产线已超负荷运转，为确保磷酸铁锂生产线安全、稳定、高效运行， 自2026年1月1日起，常州锂源将对部分产线按照预定计划进行减产检修，预计检修时间为期一个月。 ...

Group 1 - The core point of the news is that several companies are making significant announcements regarding their business operations, including product development, investments, and acquisitions [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26] Group 2 - Company Upwind New Materials is still in the product development stage for its embodied intelligent robot business and has not achieved mass production or large-scale sales, which is expected to have no positive impact on its 2025 performance [2] - Longpan Technology's subsidiary will reduce production of lithium iron phosphate by approximately 5,000 tons due to maintenance, which is not expected to significantly impact the company's 2026 performance [8] - Spring Airlines plans to purchase 30 Airbus A320neo aircraft, with a total transaction value not exceeding $4.128 billion [17] - Longbai Group's subsidiary will introduce strategic investors and implement a capital increase of 2 billion yuan, primarily to repay bank loans [2] - Xiamen Tungsten's subsidiary plans to acquire 100% of German Mimatic Tool Company for a base price of 10 million euros [3] - Huahan Co. will invest 68.25 million yuan to establish a private equity fund focused on commercial aerospace [4] - Limin Co. has received a production license for "Fluopyram" from Jiangsu Province, which is expected to positively impact future operations [5] - Yinlun Co. plans to increase capital in its subsidiaries for the construction of production bases in Mexico and Sichuan [6] - New Jinlu's subsidiary plans to invest in mining and smelting projects with an estimated total investment of 496 million yuan [8] - Guiguan Electric Power intends to acquire 100% of Datang Tibet Energy Development Co. and China Datang Group ZDN Clean Energy Development Co. for 2.025 billion yuan [8] - Macro Micro Technology has signed a strategic cooperation agreement with a leading domestic company to jointly research GaN power semiconductor devices [9] - Tianqi Co. plans to raise up to 977 million yuan for the development of intelligent systems for the automotive industry [9] - Nanchin Technology intends to sign an agreement with a related party for the development of IP [9] - New Phoenix Ming plans to participate in the auction for a 35% stake in the Dushan Port Development Company for a base price of 259 million yuan [10] - Yonghui Supermarket plans to publicly transfer 28.095% of its stake in Yonghui Yunjin Technology [11] - Financial Securities has received approval from the CSRC to publicly issue bonds totaling up to 15 billion yuan [12] - Guangdong Yuedian's Dapu Power Plant Phase II project has been put into commercial operation with a total investment of 8.122 billion yuan [12] - Huaxin Environmental Protection's subsidiary plans to invest in a bonded remanufacturing project in Hainan with an estimated total investment of 350 million yuan [13] - Baodi Mining intends to purchase 87% of Congling Energy for 685 million yuan [13] - Tianjian Technology has signed a price adjustment agreement for military products, expecting a negative impact on net profit of approximately 209 million yuan [14] - Acolyte has successfully validated and begun bulk supply of a new product for the optical lens field [14] - Huayi Co. has terminated the acquisition of 51% of Zhongke Huilian due to a lack of consensus on key terms [15][16] - Ningbo Huaxiang's subsidiary has signed a strategic cooperation agreement with Qianxing Future to strengthen collaboration in the field of embodied intelligent robots [17] - Tianpu Co. has clarified that it has no plans to engage in AI-related business [17] - Chang'an Automobile plans to raise up to 6 billion yuan for the development of new energy vehicles and smart platforms [20] - Sijia Technology intends to acquire 20% of Guangcai Xincheng for 275 million yuan [21][22] - Wukuang Development plans to purchase shares of Wukuang Mining and Luzhong Mining, with its stock suspended from trading [22] - Guizhou Moutai's major shareholder has completed its shareholding increase plan, acquiring approximately 2.0714 million shares [23] - ST Dongtong's stock will resume trading and enter a delisting period [24] - ST Dongyi has completed the capital increase and will resume trading [25]

2025 年四季度以来，江苏龙蟠科技集团股份有限公司（以下简称"公司"） 控股子公司常州锂源新能源科技有限公司（以下简称"常州锂源"）磷酸铁锂产 线已超负荷运转，为确保磷酸铁锂生产线安全、稳定、高效运行，自 2026 年 1 月 1 日起，常州锂源将对部分产线按照预定计划进行减产检修，预计检修时间为 期一个月。 本次部分产线减产检修系为保障磷酸铁锂生产线的持续稳定运转，本次检修 预计减少常州锂源磷酸铁锂产量 5,000 吨左右，预计不会对公司 2026 年经营业 绩产生重大影响。公司将根据相关规定持续关注本次减产检修的进展情况，及时 履行信息披露义务，敬请广大投资者注意投资风险。 证券代码：603906 证券简称：龙蟠科技 公告编号：2025-158 江苏龙蟠科技集团股份有限公司 关于控股子公司部分产线减产检修的公告 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董事会 2025 年 12 月 30 日 特此公告。 ...

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到期赎回的公告 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法律责任。 重要内容提示： 基本情况 | 赎回金额 | 22,700 万元 | | --- | --- | | 投资种类 | 银行理财 | | 资金来源 | 募集资金 | 已履行的审议程序 证券代码：603906 证券简称：龙蟠科技 公告编号：2025-157 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 产品类型 产品名称 认购金额 （万元） 赎回日期 赎回本金 （万元） 实际收益 （元） 1 中国银行 结构性存款 中国银行公司客户 结构性存款 4,214 2025/12/23 4,214 41,562.74 2 中国银行 结构性存款 中国银行公司客户 结构性存款 3,978 2025/12/24 3,978 1 ...

每经AI快讯，12月29日，龙蟠科技(603906.SH)公告称，公司控股子公司常州锂源磷酸铁锂产线已超负 荷运转，为确保生产线安全稳定高效运行，自2026年1月1日起，将对部分产线进行减产检修，预计检修 时间一个月，预计减少磷酸铁锂产量5,000吨左右，预计不会对公司2026年经营业绩产生重大影响。 ...

人民财讯12月29日电，龙蟠科技（603906）12月29日公告，控股子公司常州锂源磷酸铁锂产线已超负荷 运转，为确保生产线安全稳定高效运行，自2026年1月1日起，将对部分产线进行减产检修，预计检修时 间一个月，预计减少磷酸铁锂产量5000吨左右，预计不会对公司2026年经营业绩产生重大影响。 ...

长江商报消息 ●长江商报记者 沈右荣 超170万吨，按照5年计算，年均34万吨。龙蟠科技的产能缺口明显。 2023年以来，受市场波动、产品价格下跌影响，龙蟠科技持续亏损，陷入盈利困境，这也导致公司资金 不足。截至2025年9月末，公司有息负债约95亿元。 市场回暖，产能不足，资金不足，龙蟠科技极速扩产，需要警惕风险。 170万吨订单与产能不足 困境反转，订单潮涌，龙蟠科技（603906.SH）正承受着产能不足的烦恼。 12月24日晚，龙蟠科技发布变更部分募集资金投资项目建设内容公告，拟将"新能源汽车动力与储能电 池正极材料规模化生产项目"三期项目的产能由6.25万吨/年，调整为10万吨/年，预计2026年5月建设完 成。 12月18日，龙蟠科技披露定增说明书（申报稿），公司拟募资20亿元，建设19.5万吨高性能磷酸盐型正 极材料项目，建设期18个月。 截至2025年9月，龙蟠科技的磷酸盐型正极材料产能在20万吨左右。这远远不能满足订单需求。 2025年，龙蟠科技相继与楚能新能源、宁德时代、亿纬锂能、欣旺达等签订了合计超过170万吨的锂电 正极材料供货协议，订单总额约为675亿元。 龙蟠科技频频签下订单，但公司 ...