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 ...

证券代码：603906 证券简称：龙蟠科技 公告编号：2025-156 江苏龙蟠科技集团股份有限公司 董事会薪酬与考核委员会关于 2025 年股票期权激励计划 激励对象名单的公示情况说明及核查意见 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，审议通过了《关于<江苏龙蟠科技集团股份有限公司 2025 年股票期权激励计 划（草案）>及其摘要的议案》等相关议案。根据《上市公司股权激励管理办法》 （以下简称"《管理办法》"）等法律、法规及规范性文件的规定，对《江苏龙蟠 科技集团股份有限公司 2025 年股票期权激励计划（草案）》（以下简称"激励计 划"或"本激励计划"）中确定的激励对象名单在公司内部进行了公示。根据《管 理办法》及公司章程的规定，公司董事会薪酬与考核委员会结合公示情况对激励 对象名单进行了核查，相关公示情况及核查情况如下： 一、公示情况 1、公示内容：2025 年股票期权激励计划授予激励对象名单； 2、公示时间：2025 年 10 月 28 日至 2025 年 11 月 6 日，公示期已满 ...

证券代码：603906 证券简称：龙蟠科技 公告编号：2025-155 江苏龙蟠科技集团股份有限公司 第四届董事会第四十六次会议决议公告 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。 一、董事会会议召开情况 江苏龙蟠科技集团股份有限公司（以下简称"公司"）第四届董事会第四十 六次会议（以下简称"本次董事会会议"）通知于 2025 年 12 月 19 日以电子邮件 和口头方式通知公司全体董事和高级管理人员。公司本次董事会会议于 2025 年 12 月 24 日以现场结合通讯表决方式召开。公司本次董事会会议应到董事 10 人， 实到董事 10 人；公司的全体高级管理人员列席了本次董事会会议。 公司本次董事会会议由公司董事长石俊峰先生召集和主持。公司本次董事会 会议的召集程序、召开程序以及表决的董事人数符合《中华人民共和国公司法》 《公司章程》《公司董事会议事规则》等相关规定。 二、董事会会议审议情况 公司董事就提交董事会审议的事项进行了充分审议，并通过如下议案： 1、审议通过《关于变更部分募集资金投资项目建设内容的议案》 公司 ...

Core Viewpoint - Lithium prices have reached new highs, with carbonate lithium prices continuing to rise, indicating strong demand and cost pressures in the lithium battery supply chain [3][4]. Price Trends - As of December 22, the CIF price of spodumene concentrate (SC6) is between $1,250 and $1,330 per ton, averaging $1,290, which is a nearly 20% increase (17.3%) from two weeks prior [3]. - The spot price of battery-grade lithium carbonate is between 95,000 and 102,000 yuan per ton, averaging approximately 98,000 yuan, reflecting an 8% increase from two weeks ago [3]. Cost Impact on Phosphate Iron Lithium - A rise of 10,000 yuan per ton in lithium carbonate increases the cost of phosphate iron lithium cathode materials by approximately 2,300 to 2,500 yuan per ton [4]. - The current lithium carbonate prices exceed the tolerable range for downstream material companies, prompting major phosphate iron lithium manufacturers to raise processing fees starting January 2026 [4]. Price Negotiations and Market Dynamics - Domestic phosphate iron lithium manufacturers are engaged in price negotiations with downstream battery cell manufacturers, with the first round of negotiations yet to conclude for many material suppliers [4]. - The recent price increase in phosphate iron lithium is attributed to rising upstream material costs, a recovery in market demand in the second half of the year, and a structural shortage of high-end products [5]. Demand Drivers - The demand for phosphate iron lithium products is significantly increasing, particularly from the energy storage market, driven by technological advancements and supportive policies [5]. - Companies like Hunan Youneng and Wanrun New Energy report strong demand from energy storage and power battery sectors [5]. Competitive Landscape - The phosphate iron lithium industry has faced prolonged low-price competition, leading to some manufacturers accepting lower prices to secure orders from battery factories [6]. - The average price of phosphate iron lithium materials fell from 173,000 yuan per ton at the end of 2022 to 34,000 yuan per ton by August 2025, marking an 80.2% decline [6]. Industry Cost Structure - The China Chemical and Physical Power Industry Association has established an average cost range for the industry between 15,714.8 yuan and 16,439.3 yuan per ton, urging member companies to avoid low-price sales that breach cost lines [7]. - The association's recommendations aim to mitigate the adverse effects of irrational competition and ensure sustainable industry development [7]. Future Production Strategies - Phosphate iron lithium companies are adopting a cautious approach to capacity expansion, with many firms indicating a slowdown in production growth due to previous losses [8]. - Companies are focusing on technological innovation and comprehensive strength in the supply chain as key factors for future competitive dynamics [9].

Group 1 - Lithium prices have reached new highs, with lithium carbonate prices increasing by nearly 20% in two weeks, averaging around 1290 USD per ton, while battery-grade lithium carbonate prices rose by 8% to approximately 98,000 CNY per ton [1] - The rising cost of lithium carbonate, a key raw material for lithium iron phosphate (LFP), has led to increased processing fees for LFP manufacturers, with companies like Hunan Youneng raising fees by 3000 CNY per ton [2][3] - The demand for LFP products is surging, particularly in the energy storage and power battery sectors, driven by technological advancements and supportive policies [4] Group 2 - The LFP industry has faced a prolonged period of low-price competition, with prices dropping from 173,000 CNY per ton to 34,000 CNY per ton, a decline of 80.2%, resulting in continuous losses for over 36 months [3][5] - The China Chemical and Physical Power Industry Association has set an average cost range for LFP materials between 15,714.8 CNY and 16,439.3 CNY per ton, urging member companies to avoid low-price sales and to be cautious with capacity expansion [5] - Future competition in the LFP industry will increasingly depend on companies' technological innovation capabilities and overall strength in the supply chain [5]

Core Viewpoint - The A-share liquid cooling concept stocks experienced significant activity on December 23, with multiple stocks reaching their daily limit up, indicating strong investor interest in this sector [1]. Group 1: Stock Performance - Tongfei Co., Ltd. (300990) saw a 20% increase, reaching a market capitalization of 15.9 billion [2]. - Yidong Electronics (301123) rose by 17.57%, with a total market value of 16.7 billion [2]. - Shenling Environment (301018) increased by 11.76%, with a market cap of 17.3 billion [2]. - Rongyi Precision (920223) gained 10.97%, valued at 4.295 billion [2]. - Chuanrun Co., Ltd. (002272) rose by 10.02%, with a market capitalization of 7.719 billion [2]. - Kuaike Intelligent (603203) increased by 10.01%, with a market cap of 9.063 billion [2]. - Yingweike (002837) saw a 10% rise, reaching a market value of 101.4 billion [2]. - Longpan Technology (603906) increased by 8.26%, with a market cap of 14.3 billion [2]. - Qiangrui Technology (301128) rose by 8.1%, valued at 9.827 billion [2]. - Shuguang Digital Innovation (920808) increased by 7.21%, with a market cap of 15.2 billion [2]. - Six other companies, including Siquan New Materials (301489) and Chuanhuan Technology (300547), also showed notable increases ranging from 6.16% to 6.83% [2]. Group 2: Year-to-Date Performance - Yidong Electronics (301123) has seen a year-to-date increase of 248.27% [2]. - Siquan New Materials (301489) has experienced a remarkable year-to-date growth of 318.22% [2]. - Rongyi Precision (920223) has a year-to-date increase of 184.48% [2]. - Yingweike (002837) has shown a year-to-date growth of 236.20% [2]. - Other companies like Chuanrun Co., Ltd. (002272) and Longpan Technology (603906) have also reported significant year-to-date increases of 61.62% and 101.16%, respectively [2].

格隆汇12月23日｜A股液冷概念股今日集体活跃，其中，同飞股份20CM涨停，奕东电子涨超17%，申 菱环境涨超11%，荣亿精密涨近11%，川润股份、快克智能、英维克10CM涨停，龙蟠科技、强瑞技术 涨超8%，鸿富瀚、曙光数创涨超7%，思泉新材、川环科技、科创新源、英特科技涨超6%。 ...

Group 1 - Longpan Technology (02465) saw its stock price increase by 5.42% to HKD 14.58, with a trading volume of HKD 150 million [5] - The company announced that its application for a private placement of A-shares for the year 2025 has been accepted by the Shanghai Stock Exchange, aiming to raise up to RMB 2 billion for projects related to high-performance phosphate cathode materials and working capital [5] - Longpan Technology's subsidiary, Lithium Source Asia Pacific, signed a long-term procurement agreement to sell 106,800 tons of lithium iron phosphate cathode materials to Sunwoda from 2026 to 2030, with a total contract value estimated between RMB 4.5 billion and 5.5 billion [5] Group 2 - The company has secured over RMB 67.5 billion in orders this year [5]

Core Viewpoint - Longpan Technology (龙蟠科技) has seen a significant stock price increase following the announcement of its A-share issuance plan, indicating positive market sentiment towards the company's growth prospects and strategic initiatives [1] Group 1: Stock Performance - Longpan Technology's stock rose over 6% in the morning session, with a current increase of 5.86%, trading at HKD 14.64, with a transaction volume of HKD 136 million [1] Group 2: Fundraising Announcement - The company announced that its application for the issuance of A-shares to specific investors for the fiscal year 2025 has been accepted by the Shanghai Stock Exchange [1] - The total amount of funds to be raised is not expected to exceed RMB 2 billion, with the net proceeds intended for projects including an 110,000-ton high-performance phosphate-based cathode materials project and an 85,000-ton high-performance phosphate-based cathode materials project, as well as to supplement working capital [1] Group 3: Long-term Supply Agreement - Longpan Technology's subsidiary, Lithium Source Asia Pacific, has signed a long-term procurement agreement, expected to sell a total of 106,800 tons of lithium iron phosphate cathode materials to Sunwoda from 2026 to 2030, with a total contract sales amount ranging from RMB 4.5 billion to 5.5 billion [1] - The company has secured over RMB 67.5 billion in orders this year, reflecting strong demand for its products [1]

Core Viewpoint - Longpan Technology is advancing its fundraising and expansion plan, aiming to raise up to 2 billion yuan for the construction of high-performance phosphate-based cathode material production capacity and working capital supplementation [1][3]. Group 1: Fundraising and Expansion Plans - The company has received approval from the Shanghai Stock Exchange for its A-share issuance plan for 2025, targeting a total fundraising amount of no more than 2 billion yuan [1]. - The funds will be allocated to three main areas: 800 million yuan for an 110,000-ton high-performance phosphate-based cathode material project, 600 million yuan for an 85,000-ton project, and the remaining 600 million yuan for working capital [3]. - The two production capacity projects will add a total of 195,000 tons of high-performance phosphate-based cathode material capacity, significantly increasing the company's overall production capacity [3]. Group 2: Financial Performance and Market Position - In the first three quarters of 2025, the company achieved revenue of 5.825 billion yuan, a year-on-year increase of 2.91%, while the net profit attributable to shareholders showed a loss of 110 million yuan, reducing losses by 63.53% [2][5]. - The company has secured over 60 billion yuan in large orders since 2025, which are expected to support revenue growth through 2031, with key clients including CATL and EVE Energy [5]. - The overseas market is emerging as a new growth engine, with a gross margin of 40.30% in 2024, and the company is working on expanding its overseas operations with a production base in Indonesia [6]. Group 3: Research and Development - The company has invested a total of 2.106 billion yuan in R&D from 2021 to the first three quarters of 2025, reinforcing its technological barriers [2][6]. - As of mid-2025, the company holds 474 authorized patents, including 138 invention patents, highlighting its commitment to innovation in the new energy materials sector [6].