Core Viewpoint - Longpan Technology plans to increase the production capacity of its "New Energy Vehicle Power and Energy Storage Battery Cathode Material Scale Production Project" from the originally planned 62,500 tons/year to 100,000 tons/year, reflecting a strong response to growing market demand and supporting its expansion strategy [2][4]. Group 1: Production Capacity and Expansion Plans - The project originally aimed for a total capacity of 150,000 tons/year of lithium iron phosphate cathode materials, with the first two phases (25,000 tons/year and 62,500 tons/year) already completed, bringing the current total capacity to 87,500 tons/year [2]. - The total capacity of the project will be raised to 187,500 tons/year after the adjustment, with an expected completion date in May 2026 and a total investment of approximately 910 million yuan [4]. - Longpan Technology has secured multiple long-term supply agreements, including a partnership with Ford Group's Blue Oval for 2026-2030 and a supply agreement worth over 5 billion yuan with EVE Energy [2][3]. Group 2: Market Trends and Demand - The lithium battery industry is entering a fourth upward cycle, with the cathode materials market experiencing a supply-demand imbalance [5]. - The global energy storage battery shipment is expected to exceed 650 GWh this year, with a year-on-year growth rate of over 80% [3]. - Chinese companies have received over 260 GWh of overseas energy storage orders in the first eleven months of this year, indicating a strong demand across multiple regions [3]. Group 3: Strategic Positioning and Technological Development - Longpan Technology is building a "vertical integration + horizontal globalization" strategy, focusing on lithium refining, cathode materials, and battery recycling to create a complete industrial loop [5]. - The company plans to significantly expand production capacity by the end of next year, focusing on high-voltage lithium iron phosphate, which is a mainstream product in market demand [5]. - Longpan Technology aims to collaborate with downstream customers to advance the research and development of cathode materials, addressing key technological directions such as high energy density and long cycle life [5].

为缓解当前交付压力，满足下游客户需求，今年磷酸铁锂领域 "拿单大户"再度扩充产能。 12 月 25 日晚间，龙蟠科技发布公告，宣布调整其 2021 年定增募投项目的建设规划。根据公告，公司将把位于四川遂宁的 " 新能源汽车 动力与储能电池正极材料规模化生产项目 " 的第三期年产能，从原计划的 6.25 万吨提升至 10 万吨，以更好地满足下游市场的快速增长需 求。 三期产能提升后，该项目磷酸铁锂总产能将达 18.75 万吨 / 年。 该项目由公司控股孙公司四川锂源新材料有限公司负责实施，总体规划为总投资 12.9 亿元，分三期建设年产 15 万吨磷酸铁锂正极材料。截 至 2025 年 11 月 30 日，项目已累计使用募集资金约 7.33 亿元。 此前，公司已于 2025 年 3 月将项目整体达到预定可使用状态的时间，从原计划的 2025 年 5 月延期至 2026 年 5 月。目前，一期（年产 2.5 万吨）与二期（年产 6.25 万吨）已建成投产。 公告指出，此次产能上调是基于对市场前景的审慎判断。近年来，全球新能源汽车与储能产业高速发展，带动磷酸铁锂作为主流正极材料的需 求持续攀升。公司表示， 当前磷酸 ...

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：企业公告 12 月24日，龙蟠科技召开董事会，审议通过了《关于变更部分募集资金投资项目建设内容的议案》，同 意公司将" 新能源汽车动力与储能电池正极材料规模化生产项目" 三期产能由6.25万吨/年提升至10万 吨/年 ，并同意提请股东会授权经营管理层全权办理与本次变更相关的事项。 预订电话：18964001371（微信同） 从建设进度来看，该募投项目分三期在四川遂宁推进， 一期2.5万吨/年、二期6.25万吨/年产能已顺利投 产 ，三期产能原为6.25万吨/年，同时 龙蟠科技 董事会、监事会在今年3月审议通过相关议案， 同意将 该项目达到预定可使用状态的时间由原定2025年5月延长至2026年5月。 鑫椤报告预售： 2025-2029年中国磷酸铁锂运行趋势及竞争策略研究报告 鑫椤会议： 会议主办：鑫椤资讯 会议时间：2026年3月19-20日 会议地点：江苏·常州 会议咨询： 13248122922(微信同） END ...

Group 1 - Guangqi Technology's controlling shareholder proposed a share buyback of 50 million to 100 million yuan for employee stock ownership plans or equity incentives [1] - Xingyuan Zhuomai received a supplier designation from a domestic electric vehicle manufacturer to develop and supply reducer shell components, with expected sales of approximately 575 million yuan over four years from 2027 to 2030 [2] - Weigao Bio's application for clinical trials of subcutaneous human immunoglobulin has been accepted by the National Medical Products Administration, targeting primary immunodeficiency diseases [3] Group 2 - Hongda Electronics disclosed uncertainty regarding the IPO progress of its associate Jiangsu Zhanxin, in which it holds a 13.79% stake [4] - Kangchen Pharmaceutical received FDA approval to conduct clinical trials for its KC1086 project, aimed at treating advanced recurrent or metastatic solid tumors [5] - Kweichow Moutai adjusted its share buyback price ceiling to 1863.67 yuan per share, effective from December 19, 2025 [6] Group 3 - Mousse Co. announced that its controlling shareholder and actual controllers committed not to reduce their holdings within one year [7] - Tongxingbao's subsidiary signed a business contract worth 43.166 million yuan for a cloud expansion project [8] - Kaifa Electric announced plans for three shareholders to collectively reduce their holdings by 0.6999% [9] Group 4 - Longpan Technology plans to increase the production capacity of lithium iron phosphate cathode materials from 62,500 tons per year to 100,000 tons per year [10] - Zhuhai Guanyu announced plans for two shareholders to reduce their holdings by up to 3% [11] - Jiaheng Home Textiles is planning a change in control, leading to a temporary suspension of its stock [12] Group 5 - Kehua Bio's subsidiary received a medical device registration certificate for a gene polymorphism detection kit [13] - Saitex New Materials' actual controller plans to reduce holdings by up to 3% [14] - Sanhui Electric announced a shareholder's plan to reduce holdings by up to 2% [15] Group 6 - Binhua Co. plans to establish a venture capital fund with a total scale of 400 million yuan, focusing on strategic emerging industries [16] - Jindun Co. announced plans for two shareholders to reduce their holdings by up to 4% [17] - Hengdian East Magnetic's controlling shareholder plans to reduce holdings by up to 1% [18][19] Group 7 - Luxin Investment's controlling shareholder plans to reduce holdings by up to 1% [20] - Huakang Clean announced a joint bid for a hospital procurement project worth 157 million yuan [21] - Xuedilong plans to reduce its repurchased shares by up to 488,560 shares [22] Group 8 - Enhua Pharmaceutical's subsidiary signed an exclusive commercial cooperation agreement for three long-acting antipsychotic products [23] - Aier Eye Hospital plans to acquire partial equity in 39 institutions for a total of 963 million yuan [24] - Gaozheng Mining plans to acquire 100% equity of Overseas Explosives for 510 million yuan [25] Group 9 - Donghong Co. plans to repurchase shares worth 30 million to 60 million yuan for employee stock ownership plans [26] - Bear Electric's controlling shareholder plans to reduce holdings by up to 0.64% [27] - *ST Zhengping announced the initiation of pre-restructuring by the Xining Intermediate Court [28][29] Group 10 - Caesar Travel's shareholder plans to reduce holdings by up to 3% [30] - Lianchuang Electronics announced a change in controlling shareholder to Jiangxi State-owned Assets Supervision and Administration Commission [31] - Beixin Road and Bridge plans to transfer 5.33% equity in Henan Yuhang for 243 million yuan [32] Group 11 - Fenglong Co. is planning a change in control, with stock resuming trading [33]

Core Viewpoint - Longpan Technology plans to increase the production capacity of its lithium iron phosphate project from 62,500 tons/year to 100,000 tons/year, aiming to enhance operational efficiency and align with market demand [1][6]. Group 1: Project Details - The project originally aimed for a total production capacity of 150,000 tons of lithium iron phosphate, divided into three phases: Phase 1 (25,000 tons/year) and Phase 2 (62,500 tons/year) have been completed, while the increased Phase 3 will bring total capacity to 187,500 tons/year [1][6]. - The investment for the Phase 3 capacity expansion is approximately 910 million yuan, with equipment investment accounting for 789 million yuan and working capital of 66.74 million yuan [3][8]. - The internal rate of return for the project is estimated at 12.59%, with a payback period of 7.64 years [3][8]. Group 2: Market Context - The demand for lithium iron phosphate batteries is rising due to the rapid growth of the electric vehicle and energy storage sectors, making lithium iron phosphate the most widely used cathode material in new energy batteries [3][8]. - Longpan Technology has established partnerships with major lithium-ion battery manufacturers, including CATL and LG Energy, to meet the increasing demand for lithium iron phosphate [3][8]. - Competitors in the industry, such as Hunan Youneng and Wanhu Chemical, are also expanding their production capacities, indicating a competitive market landscape [3][10]. Group 3: Financial Progress - As of November 30, 2022, the cumulative investment in the lithium iron phosphate project was 733 million yuan, representing 56.85% of the total committed investment of 1.29 billion yuan [2][7]. - Other projects funded by the 2.176 billion yuan raised in May 2022 have exceeded 100% of their investment progress, highlighting the company's focus on the lithium iron phosphate project [2][7]. Group 4: Regulatory and Approval Status - The Phase 3 project has completed administrative approvals but still requires environmental and energy assessments before full implementation [3][8].

Group 1: Overseas News - US stock market has seen five consecutive days of gains, with the Dow Jones up 0.6%, Nasdaq up 0.22%, and S&P 500 up 0.32%. Major tech companies like Apple, Meta, Microsoft, and Amazon saw increases of up to 0.53%, while Tesla, Google A, and Nvidia experienced declines of up to 0.32% [1] - Nvidia denied reports of a $200 million acquisition of AI chip startup Groq, stating that only a licensing agreement for inference technology was reached [1] - Samsung and SK Hynix are reportedly raising HBM3E prices by nearly 20% for next year [1] - Sanofi plans to acquire US vaccine company Dynavax for $2.2 billion to enhance its adult vaccine portfolio [1] Group 2: Domestic Major Events - The People's Bank of China and eight other departments issued opinions to support the construction of the Western Land-Sea New Corridor, exploring cross-border payment trials for digital RMB with Singapore [2][5] Group 3: Market Strategy Insights - Everbright Securities noted that the Shanghai Composite Index has shown strong performance with six consecutive days of gains, indicating a recovery in market sentiment and potential continued inflow of funds, particularly favoring technology growth stocks [3] Group 4: Real Estate Policy Changes - Beijing's new real estate policy, effective December 24, 2025, includes four main aspects: relaxing social security requirements for non-Beijing residents, supporting multi-child families in housing needs, optimizing commercial loan interest rates, and lowering the down payment ratio for second homes [4][5] Group 5: Digital Currency Developments - The digital RMB aims to address inefficiencies and high costs in traditional cross-border payments, with optimistic projections for transaction volumes reaching 162.4 trillion yuan by 2030 [6]

Group 1 - Fenglong Co., Ltd. announced that its controlling shareholder will change to UBTECH, and the stock will resume trading [12][13] - Victory Energy has experienced a continuous increase in stock price for nine consecutive trading days, with a cumulative increase of 135.86%, and may apply for a trading suspension if the price continues to rise [4] - Dongbai Group issued a stock price fluctuation announcement, indicating potential risks of significant price drops after recent increases [10] Group 2 - Enhua Pharmaceutical's wholly-owned subsidiary signed a $20 million exclusive commercial cooperation agreement with Green Leaf Pharmaceutical for three long-acting antipsychotic products in mainland China, with a sales target of at least 2.7 billion RMB from 2026 to 2035 [2] - Longpan Technology plans to increase the planned production capacity of lithium iron phosphate cathode materials from 62,500 tons per year to 100,000 tons per year [2] - Jiangsu Zhanchin, a company in which Hongda Electronics holds a 13.79% stake, has submitted an IPO application, but the progress remains uncertain [3] Group 3 - Jizhi Co., Ltd. intends to acquire at least 51% of Zhejing Pumai Technology to enhance its capabilities in the robotics sector [4] - Nanshan Aluminum established a wholly-owned subsidiary in Hainan with an investment of 5 million RMB to improve regional industrial layout and expand high-end aluminum product development [5] - Sany Heavy Energy plans to use up to 9.5 billion RMB of its own funds for entrusted wealth management in 2026 [9] Group 4 - Zongtai Automobile reached a settlement with two bank creditors to avoid large financial disputes and facilitate the release of frozen assets [11] - Tianji Co., Ltd. is pushing for the industrialization of lithium sulfide material preparation, but the project faces risks of underperformance [6] - Guangyang Co., Ltd. signed a strategic cooperation agreement with Konghui Automotive to advance its business layout in the intelligent driving sector [7]

Core Viewpoint - The company plans to increase the production capacity of its "New Energy Vehicle Power and Energy Storage Battery Cathode Material Large-Scale Production Project" from 62,500 tons per year to 100,000 tons per year, without changing the fundraising direction [1] Summary by Categories Project Capacity Expansion - The production capacity of the project will be raised to 100,000 tons per year [1] - The current capacity is 62,500 tons per year [1] Fund Utilization - As of November 30, 2025, the project has utilized 733 million yuan of the raised funds [1] - The cumulative investment progress stands at 56.85% [1] Timeline - The project is expected to reach its intended operational status by May 2026 [1]

一、变更募集资金投资项目建设内容的概述 （一）募集资金基本情况 中信建投证券股份有限公司 关于江苏龙蟠科技集团股份有限公司 变更部分募集资金投资项目建设内容的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐人"）作 为江苏龙蟠科技集团股份有限公司（以下简称"龙蟠科技"或"公司"）的持续 督导机构，承接龙蟠科技前次非公开发行股票的持续督导工作，根据《上海证券 交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范 运作》《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关规 定，对龙蟠科技变更部分募集资金投资项目建设内容进行了核查，具体核查情况 如下： 经中国证券监督管理委员会《关于核准江苏龙蟠科技股份有限公司非公开发 行股票的批复》（证监许可[2022]621号）核准，公司非公开发行人民币普通股（A 股）82,987,551股，每股面值为人民币1.00元，发行价格为人民币26.51元/股，募 集资金总额为人民币2,199,999,977.01元，保荐机构国泰君安证券股份有限公司 （现"国泰海通证券股份有限公司"）将扣除尚未支付的承销保荐费后的余额 2,1 ...

项目预计正常投产并产生收益的时间：不涉及调整达到预定可使用状 态日期，预计 2026 年 5 月达到预定可使用状态 证券代码：603906 证券简称：龙蟠科技 公告编号：2025-154 江苏龙蟠科技集团股份有限公司 关于变更部分募集资金投资项目建设内容的公告 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： 江苏龙蟠科技集团股份有限公司（以下简称"公司"）2021 年度非公 开发行股票募集资金投资项目"新能源汽车动力与储能电池正极材料规模化 生产项目"旨在由公司控股孙公司四川锂源新材料有限公司（以下简称"四 川锂源"）在四川遂宁分三期建设年产 15 万吨磷酸铁锂正极材料产能。截至 目前，一期项目 2.5 万吨/年产能和二期项目 6.25 万吨/年产能已建成投产，本 次变更建设内容的项目为三期项目，规划产能由 6.25 万吨/年提升至 10 万吨/ 年。 变更募集资金投向的金额：不涉及变更募集资金投向 一、变更募集资金投资项目建设内容的概述 （一） 募集资金基本情况 经中国证券监督管理委员会《关于核准江苏龙蟠科技 ...