Core Viewpoint - The "Golden Award" annual outstanding company selection by Gelonghui highlights ten companies recognized for their investment value in the small and mid-cap category, emphasizing their revenue and net profit growth, as well as their overall business capabilities [1][2]. Group 1: Award Winners - Ten companies received the "Annual Investment Value Award (Small and Mid-Cap)" including: - Baiao Family Interaction (02100.HK) - Honghua Smart Energy (01083.HK) - Guichuang Tongqiao (02190.HK) - Laikai Pharmaceutical-B (02105.HK) - Longpan Technology (603906.SH/02465.HK) - Shoucheng Holdings (00697.HK) - Tiangong International (00826.HK) - Tuhu-W (09690.HK) - Yaoshibang (09885.HK) - Youran Agriculture (09858.HK) - The ranking is in alphabetical order and does not imply any priority [1]. Group 2: Evaluation Criteria - The award focuses on evaluating listed companies based on revenue and net profit growth, considering factors such as company size, business model, management capability, and innovation ability [1]. - The selection process involved quantitative data analysis and an expert review panel to determine the final results [1]. Group 3: Event Purpose - Gelonghui aims to create a reference value ranking for listed companies and unicorns with a global perspective on investing in China, covering all listed companies on major exchanges including HKEX, SSE, SZSE, NYSE, and NASDAQ [2].

Group 1 - The core viewpoint of the news is that Longpan Technology has shown significant stock performance, with an 85.91% increase in stock price year-to-date and a market capitalization of 13.195 billion yuan [1] - As of December 22, the stock price reached 19.26 yuan per share, with a trading volume of 173 million yuan and a turnover rate of 1.61% [1] - The company has experienced a net inflow of main funds amounting to 4.8354 million yuan, with large orders contributing significantly to both buying and selling activities [1] Group 2 - Longpan Technology, established on March 11, 2003, and listed on April 10, 2017, is primarily engaged in the sales of automotive fine chemicals and lithium iron phosphate 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] - The company operates in the electric equipment industry, specifically in battery and battery chemicals, and is associated with concepts such as liquid cooling, CATL, National VI, BYD, and fuel cells [2] Group 3 - As of September 30, the number of shareholders for Longpan Technology was 85,800, a decrease of 15.35% from the previous period, while the average circulating shares per person increased by 18.14% to 6,589 shares [3] - For the period from January to September 2025, Longpan Technology reported a revenue of 5.825 billion yuan, reflecting a year-on-year growth of 2.91%, while the net profit attributable to shareholders was -110 million yuan, showing a significant increase of 63.52% year-on-year [3] Group 4 - Longpan Technology has distributed a total of 256 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [4] - As of September 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 5.3494 million shares, an increase of 1.7157 million shares from the previous period [4]

Market Background - The penetration rate of lithium iron phosphate (LFP) batteries in the new energy vehicle sector is continuously increasing as major overseas automakers and battery giants accelerate their shift towards LFP technology [1] - The global energy storage market is experiencing significant growth, leading to unprecedented demand for LFP materials [1] - In 2025, domestic LFP material companies have secured numerous large long-term orders, characterized by "large scale, long cycle, and high value" [1] Order Analysis - In 2025, five representative companies disclosed a total of 11 major orders, amounting to over 321.94 million tons, with an estimated total value exceeding 112.3 billion yuan [1] - Dragon Power Technology leads with six orders covering five customers, with a total order scale of 171.63 million tons and a total value of approximately 67.5 billion yuan [3] - Wanrun New Energy has one significant order of 132.31 million tons from CATL, covering the period from 2025 to 2030 [3] - Fengyuan Co. has two orders, including a three-year agreement to supply 10,000 tons to Chuangneng New Energy [3] Demand Side Concentration - CATL is the largest buyer, with total orders from Dragon Power Technology, Wanrun New Energy, and Jiangxi Shenghua amounting to 148.06 million tons, valued at over 55.6 billion yuan [6] - Chuangneng New Energy has orders totaling approximately 140 million tons from Dragon Power Technology and Fengyuan Co., valued at around 45 billion yuan [7] - Other clients like BYD, Eve Energy, and Sunwoda have relatively limited disclosed order quantities and scales [8] International Expansion - The international recognition of LFP materials is increasing, with three orders from overseas battery plants or Chinese companies' overseas factories, totaling over 25.88 million tons and an estimated value exceeding 10 billion yuan [9] - Lithium Source (Asia Pacific), a subsidiary of Dragon Power Technology, has established a 30,000-ton LFP production capacity in Indonesia, marking a significant transition from "product export" to "capacity export" for Chinese LFP material companies [10] Core Conclusions - The LFP materials order market in 2025 exhibits two main characteristics: high concentration and long-term binding [11] - On the supply side, Dragon Power Technology and Wanrun New Energy account for 94.4% of the total disclosed order scale [11] - On the demand side, CATL and Chuangneng New Energy together account for 89.5% of the total order scale [11] - Over 70% of the orders have a cooperation period extending from 2025 to 2030, reflecting the urgent need for supply chain stability and security among downstream battery companies [11]

本文作者可以追加内容哦 ! 公司本次向特定对象发行 A 股股票事项尚需经上交所审核通过，并获得中国证券监督管理委员会同意 注册的批复后方可实施，最终能否通过上交所审核，并获得中国证监会同意注册的批复尚存在不确定 性。追加内容 龙蟠科技(02465)公布，公司于 2025 年 12 月 19 日收到上海证券交易所出具的《关于受理江苏龙蟠科技 集团股份有限公司沪市主板上市公司发行证券申请的通知》(上证上审(再融资) [2025]414 号)。上交所依 据相关规定对公司报送的沪市主板上市公司发行证券的募集说明书及相关申请文件进行了核对，认为该 申请文件齐备，符合法定形式，决定予以受理并依法进行审核。 龙蟠科技(02465)公布，公司于 2025 年 12 月 19 日收到上海证券交易所出具的《关于受理江苏龙蟠科技 集团股份有限公司沪市主板上市公司发行证券申请的通知》(上证上审(再融资) [2025]414 号)。上交所依 据相关规定对公司报送的沪市主板上市公司发行证券的募集说明书及相关申请文件进行了核对，认为该 申请文件齐备，符合法定形式，决定予以受理并依法进行审核。 ...

龙蟠科技公告，公司于2025年12月19日收到上海证券交易所出具的《关于受理江苏龙蟠科技集团股份有 限公司沪市主板上市公司发行证券申请的通知》。上交所对公司报送的沪市主板上市公司发行证券的募 集说明书及相关申请文件进行了核对，决定予以受理并依法进行审核。 ...

公司本次向特定对象发行 A 股股票事项尚需经上交所审核通过，并获得中国证券监督管理委员会同意 注册的批复后方可实施，最终能否通过上交所审核，并获得中国证监会同意注册的批复尚存在不确定 性。 智通财经APP讯，龙蟠科技(02465)公布，公司于 2025 年 12 月 19 日收到上海证券交易所出具的《关于 受理江苏龙蟠科技集团股份有限公司沪市主板上市公司发行证券申请的通知》(上证上审(再融资) [2025]414 号)。上交所依据相关规定对公司报送的沪市主板上市公司发行证券的募集说明书及相关申请 文件进行了核对，认为该申请文件齐备，符合法定形式，决定予以受理并依法进行审核。 ...

江苏龙蟠科技集团股份有限公司 2025 年度向特定对象发行 A 股股票 募集说明书 （南京经济技术开发区恒通大道 6 号） （申报稿） 保荐人（主承销商） 签署日期：二〇二五年十二月 股票简称：龙蟠科技 股票代码：603906 江苏龙蟠科技集团股份有限公司 2025 年度向特定对象发行 A 股股票募集说明书 声 明 本公司及控股股东、实际控制人、全体董事、审计委员会成员、高级管理人 员承诺募集说明书不存在任何虚假记载、误导性陈述或重大遗漏，并保证所披露 信息的真实、准确、完整。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计报告真实、完整。 证券监督管理机构及其他政府部门对本次发行所作的任何决定，均不表明其 对发行人所发行证券的价值或者投资人的收益作出实质性判断或者保证。任何与 之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责，由此变化引致的投资风险，由投资者自行负责。 1-1-1 江苏龙蟠科技集团股份有限公司 2025 年度向特定对象发行 A 股股票募集说明书 重大事项提示 公司特别提示投资者对下列重大风险给予充分关注 ...

特此公告。 证券代码：603906 证券简称：龙蟠科技 公告编号：2025-153 江苏龙蟠科技集团股份有限公司 关于向特定对象发行 A 股股票申请获得 上海证券交易所受理的公告 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 12 月 19 日收到上海证券交易所（以下简称"上交所"）出具的《关于受理江苏龙蟠科技 集团股份有限公司沪市主板上市公司发行证券申请的通知》（上证上审（再融资） [2025]414 号）。上交所依据相关规定对公司报送的沪市主板上市公司发行证券的 募集说明书及相关申请文件进行了核对，认为该申请文件齐备，符合法定形式， 决定予以受理并依法进行审核。 公司本次向特定对象发行 A 股股票事项尚需经上交所审核通过，并获得中 国证券监督管理委员会（以下简称"中国证监会"）同意注册的批复后方可实施， 最终能否通过上交所审核，并获得中国证监会同意注册的批复尚存在不确定性。 公司将根据事项的进展情况，按照相关法律法规要求及时履行信息披露义务，敬 请广 ...

国浩律师（上海）事务所 关于 江苏龙蟠科技集团股份有限公司 2025 年度向特定对象发行 A 股股票 之 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 167 网址/Website: http://www.grandall.com.cn 二〇二五年十二月 | 释 义 2 | | | --- | --- | | 第一节 8 | 引 言 | | 一、律师事务所及律师简介 8 | | | 二、出具法律意见书涉及的主要工作过程 9 | | | 三、律师应当声明的事项 10 | | | 第二节 12 | 正 文 | | 一、本次发行的批准与授权 12 | | | 二、本次发行的主体资格 12 | | | 三、本次发行的实质条件 13 | | | 四、发行人的设立 15 | | | 五、发行人的独立性 15 | | | ...

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 2025 年度向特定对象发行 A 股股票 之 上市保荐书 保荐人 二〇二五年十二月 保荐人出具的上市保荐书 保荐人及保荐代表人声明 中信建投证券股份有限公司及本项目保荐代表人周百川、史记威已根据《中 华人民共和国公司法》《中华人民共和国证券法》等法律法规和中国证监会及上 海证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则 和行业自律规范出具上市保荐书，并保证所出具文件真实、准确、完整。 3-2-1 | 释 义 3 | | --- | | 一、发行人基本情况 4 | | 二、发行人本次发行情况 9 | | 三、本次证券发行上市的保荐代表人、协办人及项目组其他成员情况、联系地 | | 址、电话和其他通讯方式 12 | | 四、关于保荐人是否存在可能影响公正履行保荐职责情形的说明 14 | | 五、保荐人按照有关规定应当承诺的事项 14 | | 六、保荐人关于发行人是否已就本次证券发行上市履行了《公司法》《证券法》 | | 和中国证监会及上交所规定的决策程序的说明 15 | | 七、保荐人关于发行人是否符合板块定位及国家产业政策所作出 ...