Core Viewpoint - The price of lithium iron phosphate (LFP), a key material in the new energy industry, has risen significantly, indicating a shift in the market dynamics and prompting widespread attention [2] Supply and Demand Dynamics - The LFP industry is currently experiencing tight supply and demand, with many companies operating at full capacity, which supports their pricing actions [3] - LFP materials account for nearly 74% of the cathode material shipments in lithium-ion batteries and 99.9% in energy storage batteries, making them crucial for the entire industry chain [3] - Despite a projected production capacity of nearly 4.7 million tons in 2024, the actual output is only around 2.3 million tons, resulting in a utilization rate of less than 50% [3] - From the end of 2022 to August 2025, LFP prices have fluctuated dramatically, dropping from 173,000 yuan/ton to 34,000 yuan/ton, a decline of 80%, leading to over 36 months of continuous losses for the industry [3] Recent Price Trends - As of December 16, the mainstream market price for power-type LFP has increased from 31,800 yuan/ton at the end of June to 41,200 yuan/ton, with a recent monthly increase of 2,600 yuan/ton [4] - Companies are actively communicating with downstream customers about price increases, with some reporting price hikes of 1,500 to 2,000 yuan per ton since early November [4] Cost Pressures - The primary driver of the recent price surge in the LFP industry is the rapid increase in raw material costs, with the average price of phosphoric acid rising by 0.9% in November compared to October [5] - The costs of key raw materials such as phosphoric acid, monoammonium phosphate, and ferrous sulfate have increased by 6.9%, 8.5%, and 3.1%, respectively, contributing to higher production costs for LFP [5][6] Market Outlook - LFP is becoming a mainstream technology in global power and energy storage batteries due to its safety, long cycle life, and cost advantages, indicating significant growth potential [7] - The demand for lithium-ion batteries is expected to push the industry value towards 3 trillion yuan this year, driven by a surge in the new energy vehicle market and a 60% year-on-year increase in energy storage installations [7] - The industry may face a temporary supply shortage if production expansion does not keep pace with demand growth, as external financing for expansion has largely dried up [7] Industry Challenges and Opportunities - Despite the price recovery, LFP remains below production costs, indicating ongoing financial difficulties for the industry [8] - Continuous research and development investments are necessary for technological upgrades, as the industry transitions from second and third-generation products to fourth-generation high-density products [8][9] - Positive signals include a potential narrowing of losses for companies and significant procurement agreements, such as a long-term supply contract between a subsidiary of Longpan Technology and Sunwoda [8][9]

Core Viewpoint - Longpan Technology (603906) possesses advanced core technologies such as high-power spherical LFP preparation and fourth-generation high-pressure products, which enhance its market competitiveness [1] Group 1: Technology and Product Advantages - The company's products feature high density, high capacity, and long cycle life, making them competitive in the market [1] - Continuous investment in R&D allows the company to adapt to market demand changes and drive product iteration and upgrades [1] Group 2: Market Position and Capacity - Longpan Technology is the only company with an overseas mass production base for lithium iron phosphate cathode materials, positioning it as a leader in the industry [1] - The overseas capacity will support the development of both overseas battery manufacturers and domestic battery manufacturers expanding internationally [1]

Group 1 - The company has released high-nickel ternary precursor products that address high-temperature decomposition and interface failure issues in solid-state battery cathode materials [1] - The high-nickel ternary precursor has been certified by leading battery manufacturers, and its performance has received high recognition [1] - The company's subsidiary, Sanjin Lithium Battery, has also received certification for low-altitude solid-state battery materials at the Suzhou Low Altitude Conference, supporting low-altitude flight [1]

证券日报网讯 12月17日，龙蟠科技在互动平台回答投资者提问时表示，公司全资子公司三金锂电专注 于固态电池前驱体的研发生产，目前已建成5000吨产能，高镍前驱体及富锂锰基前驱体已通过客户小试 认证，并与固态电池厂商及高校开展合作研发。公司将持续推动固态电池材料的技术升级，助力商业化 进程。 （编辑 姚尧） ...

Group 1 - The core viewpoint of the article is that Longpan Technology (603906) has disclosed its total number of ordinary shareholders as of September 30, 2025, which stands at 85,759 households [1] Group 2 - The company responded to investor inquiries on its interactive platform regarding its shareholder information [1] - The data is derived from the company's already disclosed "Q3 2025 Report" [1]

Core Viewpoint - Longpan Technology (603906) is actively pursuing a capital increase plan to fund high-performance phosphate-based cathode material projects, indicating a strategic focus on expanding production capacity and enhancing competitiveness in a challenging market environment [1] Group 1: Capital Increase and Project Plans - The company announced a plan on August 21 to issue A-shares to specific investors, with the aim of raising funds for two major projects: an 110,000-ton high-performance phosphate-based cathode material project in Shandong and an 85,000-ton project in Hubei [1] Group 2: Cost Control and Supply Chain Strategy - To manage costs, the company is implementing a vertical integration strategy, including a 40,000-ton lithium carbonate smelting project in Yichun, Jiangxi, to secure raw material supply [1] - The company is also adopting a demand-driven procurement strategy to minimize inventory impairment risks [1] Group 3: Market Position and Strategy - The industry is currently at the bottom of the cycle, and the company plans to enhance its competitiveness through internationalization strategies and product differentiation [1]

Core Viewpoint - Longpan Technology (603906) has introduced a third-generation low conductivity coolant to meet the growing thermal management needs of new energy vehicles, enhancing their thermal management efficiency [1] Group 1: New Energy Vehicle Sector - The company has developed a third-generation low conductivity coolant specifically designed for the thermal management of new energy vehicles, addressing increasing market demand [1] Group 2: Data Center Sector - Longpan Technology has created a series of high-performance cooling liquids for data centers, including the efficient coolant D4082 for cold plate designs and D4008 for immersion cooling applications [1] - These cooling products are recognized in the market for their excellent conductivity, superior metal corrosion protection, and compatibility with non-metal materials [1]

证券日报网讯12月17日，龙蟠科技（603906）在互动平台回答投资者提问时表示，龙蟠时代目前已按照 生产计划进行生产。公司的印尼工厂目前为满负荷生产。 ...

格隆汇12月17日丨龙蟠科技(603906.SH)在互动平台表示，龙蟠时代目前已按照生产计划进行生产。公 司的印尼工厂目前为满负荷生产。 ...

Core Viewpoint - Longpan Technology (603906.SH) has launched high-nickel ternary precursor products that address high-temperature decomposition and interface failure issues in solid-state battery cathode materials [1] Group 1: Product Development - The high-nickel ternary precursors have been certified by leading battery manufacturers, and their performance has received high recognition [1] - The company's subsidiary, Sanjin Lithium Battery, has also received certification for low-altitude solid-state battery materials at the Suzhou Low-altitude Conference, supporting low-altitude flight applications [1]