智通财经APP获悉，香港联交所最新资料显示，9月22日，瑞银增持龙蟠科技(02465)31.45万股，每股均 价11.7657港元，总金额约为370.03万港元。增持后最新持股数目为849.05万股，最新持股比例为 7.08%。 ...

香港联交所最新资料显示，9月22日，瑞银增持龙蟠科技（603906）(02465)31.45万股，每股均价 11.7657港元，总金额约为370.03万港元。增持后最新持股数目为849.05万股，最新持股比例为7.08%。 ...

Market Overview - The battery sector experienced a decline of 2.31% on the previous trading day, with Naconor leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers in the battery sector included: - Fangyuan Co., Ltd. (688148) with a closing price of 6.71, up 20.04% [1] - Huazi Technology (300490) at 12.56, up 15.44% [1] - Tianji Co., Ltd. (002759) at 16.30, up 9.99% [1] - Conversely, Naconor (832522) saw a significant decline of 7.66%, closing at 65.71 [2] - Other notable decliners included Honggong Technology (301662) down 7.47% and Kuoguli (301487) down 6.91% [2] Trading Volume and Capital Flow - The battery sector saw a net outflow of 4.296 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.169 billion yuan [2][3] - The trading volume for Fangyuan Co., Ltd. reached 326,400 shares, with a transaction value of 214 million yuan [1] - Huazi Technology had a trading volume of 1,035,900 shares, with a transaction value of 1.273 billion yuan [1] Capital Inflow Analysis - Tianji Co., Ltd. (002759) had a net inflow of 478 million yuan from institutional investors, representing 30.17% of its total trading [3] - Shanshan Co., Ltd. (600884) saw a net inflow of 256 million yuan, accounting for 12.87% [3] - Conversely, Naconor experienced a net outflow of 740 million yuan from institutional investors [3]

中化新网讯 9月16日，江苏龙蟠科技集团股份有限公司发布公告称，其控股孙公司锂源亚太与宁德时代 新能源科技股份有限公司签署了磷酸铁锂正极材料采购合作协议，将自2026年第二季度起至2031年向宁 德时代海外工厂合计供应15.75万吨磷酸铁锂正极材料。以当前市场价格估算，该合同总销售金额预计 超过60亿元。 公告显示，此次签订的协议为双方意向性协议，预测需求量将随宁德时代海外项目进度调整更新。龙蟠 科技签订该协议有助于与下游合作伙伴建立长期稳定的关系，抢占海外市场。 目前，龙蟠科技在国内拥有江苏金坛、天津宝坻、四川蓬溪、山东菏泽和湖北襄阳5个磷酸铁锂正极材 料生产基地。海外市场方面，龙蟠科技在印度尼西亚拥有磷酸铁锂正极材料生产基地，一期3万吨/年磷 酸铁锂正极材料项目已于2025年开始批量生产，并稳定供应目标市场，二期9万吨/年磷酸铁锂项目正在 积极建设中。 ...

Group 1 - Barclays PLC increased its stake in Longpan Technology (603906) (02465) by acquiring 12,499,500 shares at a price of HKD 12.2608 per share, totaling approximately HKD 153 million [1] - After the acquisition, Barclays PLC's total shareholding in Longpan Technology reached 10,503,000 shares, representing an ownership percentage of 8.75% [1]

Group 1 - Barclays PLC increased its stake in Longpan Technology (02465) by 12,499,500 shares at a price of HKD 12.2608 per share, totaling approximately HKD 153 million [1] - After the increase, Barclays PLC's total shareholding in Longpan Technology reached 10,503,000 shares, representing an ownership percentage of 8.75% [1]

Industry Investment Rating - The industry investment rating is maintained at "Outperform the Market" [1] Core Viewpoints - The report highlights that the recent Congo export policy for cobalt is expected to drive prices upward, with a significant reduction in export quotas leading to increased demand for replenishment from downstream enterprises [6] - The report suggests a bullish outlook for precious metals following the recent FOMC meeting, despite some market adjustments, indicating a potential slow bull market for gold [4] - Copper prices are anticipated to break through key resistance levels, supported by seasonal demand increases in China [5] - The aluminum market is expected to see price increases due to rising downstream consumption as the National Day holiday approaches [5] - Lithium demand is projected to grow significantly, driven by a major contract signed by CATL for lithium iron phosphate materials, indicating a strong outlook for lithium prices [7] - Uranium prices are expected to rise due to potential export restrictions from Russia, which could significantly impact global supply [8] Summary by Sections Industry Overview - The closing index for the industry is at 6522.39, with a weekly high of 6795.38 and a low of 3912.76 [1] Price Movements - Basic metals saw declines: copper down 1.19%, aluminum down 1.33%, zinc down 2.88%, lead down 0.17%, and tin down 1.53%. Precious metals had mixed results with gold down 0.22% and silver up 1.13% [21] Inventory Levels - Global visible inventories increased for copper by 7945 tons, aluminum by 8010 tons, and zinc by 2724 tons, while lead saw a decrease of 4085 tons [29]

Investment Rating - The report maintains an "Outperform" rating for the electric equipment and new energy industry [1] Core Insights - The report highlights the acceleration of solid-state battery commercialization, driven by new model releases and the upcoming sales peak for new energy vehicles, with expectations for domestic sales to maintain high growth through 2025, boosting demand for batteries and materials [1] - In the photovoltaic sector, the report emphasizes a "anti-involution" strategy as the main investment theme, with rising prices for upstream materials such as silicon, wafers, and batteries, and a focus on the economic viability of photovoltaic power stations [1] - The report notes a high demand for energy storage, with a target of 180 million kilowatts of new energy storage capacity by 2027, suggesting a focus on large-scale integrated storage manufacturers [1] - In the hydrogen energy sector, the report mentions ongoing projects for green liquid fuel technology and the establishment of integrated hydrogen and ammonia projects, indicating potential premium pricing for green fuels in the early stages of development [1] Summary by Sections New Energy Vehicles - The report anticipates continued high growth in domestic new energy vehicle sales, driven by new model releases and seasonal sales peaks, which will increase demand for batteries and materials [1] Photovoltaic Industry - The report maintains that the photovoltaic investment theme is centered around "anti-involution," with rising prices for upstream materials and a focus on the economic aspects of photovoltaic power generation [1] - The report discusses the impact of new national standards on silicon and germanium energy consumption, which may lead to a contraction in upstream capacity [1] Energy Storage - The report outlines a clear target for new energy storage capacity to reach 180 million kilowatts by 2027, indicating sustained high demand in the sector [1] - It suggests focusing on large-scale integrated storage manufacturers due to the expected growth in storage needs [1] Hydrogen Energy - The report highlights the development of green liquid fuel technology and integrated hydrogen projects, indicating a potential for premium pricing in the early stages of the green fuel market [1]

Group 1 - Hong Kong Stock Exchange data shows that on September 19, Longpan Technology (603906)(02465) shareholders transferred stocks from Hong Kong Stock Connect (Shanghai) to Hong Kong Stock Connect (Shenzhen), with a transfer market value of 81.912 million HKD, accounting for 5.69% [1] - Longpan Technology announced that the average sales prices of its main products for the first half of 2025 decreased compared to the same period last year: lubricating oil by 7.20%, diesel engine exhaust treatment fluid by 8.45%, coolant by 0.19%, and lithium iron phosphate cathode materials by 16.70% [1]

江蘇龍蟠科技集團股份有限公司 JIANGSU LOPAL TECH. GROUP CO., LTD （於中華人民共和國註冊成立的股份有限公司） 股份代號: 2465 中期報告 | 目錄 | 公司資料 | 2 | | --- | --- | --- | | | 定義 | 4 | | | 財務概要 | 8 | | | 管理層討論與分析 | 9 | | | 其他資料 | 24 | | | 中期簡明合併損益及其他全面收益表 | 32 | | | 中期簡明合併財務狀況表 | 33 | | | 中期簡明合併權益變動表 | 35 | | | 中期簡明合併現金流量表 | 37 | | | 中期簡明合併財務報表附註 | 39 | 戰略委員會 石俊峰先生 （主席） 張羿先生 李慶文先生 公司資料 | 中國註冊辦事處及總部 | 中國 | | --- | --- | | | 南京經濟技術開發區 | | | 恆通大道6號 | | 香港主要營業地點 | 香港 | | | 灣仔 | | | 皇后大道東183號 | | | 合和中心46樓 | | 公司網站 | www.lopal.com.cn | | 董事會 | | | 執行董事 | 石俊 ...