格隆汇9月15日丨龙蟠科技(603906.SH)公布，公司控股孙公司LBM NEW ENERGY (AP) PTE. LTD.（以 下简称"锂源（亚太）"）与宁德时代新能源科技股份有限公司（以下简称"宁德时代"）签署了《磷酸铁 锂正极材料采购合作协议》（以下简称"协议"）。协议约定，预计将由锂源（亚太）及其独资或合资子 公司自2026年第二季度至2031年间合计向宁德时代海外工厂销售15.75万吨符合双方约定规格的磷酸铁 锂正极材料（以上需求量将随宁德时代海外项目进度与预测需求量的调整更新，最终采购量通过双方后 续签订框架性、年度性的或者单笔采购合同落实），具体单价由双方协商确定。如按照预计数量及市场 价格估算，合同总销售金额超人民币60亿元（最终根据销售订单据实结算），达到《上海证券交易所股 票上市规则》规定的披露标准。 ...

根据协议约定，自2026年第二季度至2031年间，亚太锂源及其独资或合资公司将向宁德时代海外工厂共 计供应15.75万吨高性能磷酸铁锂正极材料。此次合作不仅为龙蟠科技未来五年产能消化提供了坚实保 障，也显著提升了其在海外市场的品牌影响力。 宁德时代作为全球动力电池领域的领军企业，对供应商的选择极为严格。此次与亚太锂源的合作，充分 表明龙蟠科技的锂电材料产品品质与技术实力获得了全球头部客户的认可。这一合作将有助于龙蟠科技 进一步巩固其在新能源核心材料领域的市场地位。 9月15日，龙蟠科技旗下孙公司亚太锂源与全球动力电池领军企业宁德时代成功签署《磷酸铁锂正极材 料采购合作协议》，标志着龙蟠科技在国际化战略上迈出了重要一步。 近年来，龙蟠科技持续深化全球化布局，通过建设印尼生产基地、推进港股上市等举措，不断拓展海外 市场。此次与宁德时代的合作，将进一步加速龙蟠科技的"出海"步伐，推动其在全球新能源市场的影响 力。 ...

（文章来源：每日经济新闻） 每经AI快讯，9月17日，龙蟠科技涨停走出2连板，2天累计涨幅达21.01%。 ...

公告显示，本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，率先抢占海外市场。若合同能顺利履行， 将对公司未来业绩产生积极影响。 今年以来，龙蟠科技磷酸铁锂正极材料业务频传捷报。今年上半年，公司在已与LG Energy Solution， Ltd.（以下简称"LG新能源"）签订长期供货协议的基础上，又与多家电池制造商锁定长期供应协议，市 场领先优势进一步扩大。 具体来看，今年1月份，公司控股孙公司与Blue Oval成功签订供应协议，约定由公司控股孙公司自2026 年至2030年期间提供磷酸铁锂正极材料；同月，公司与宁德时代签订磷酸铁锂正极材料年度采购协议， 2025年度采购上限设为70亿元；5月份，龙蟠科技旗下公司与楚能新能源股份有限公司旗下公司签署了 生产材料采购战略合作协议及补充协议，合同总销售金额超50亿元；6月初，公司控股孙公司锂源亚太 与EveEnergy Malaysia Sdn.Bhd.签署了生产定价协议，合同总销售金额超50亿元。 本报记者曹卫新 江苏龙蟠科技集团股份有限公司（以下简称"龙蟠科技"）磷酸铁锂 ...

Core Viewpoint - Longpan Technology (龙蟠科技) has experienced a significant stock price surge following the announcement of a major procurement agreement with CATL (宁德时代), which is expected to generate over 6 billion RMB in sales from 2026 to 2031 [1][2]. Group 1: Company Developments - Longpan Technology's subsidiary, Lithium Source (亚太), signed a procurement cooperation agreement with CATL for the supply of 157,500 tons of lithium iron phosphate cathode materials [2]. - The agreement is part of Longpan's strategy to deepen its global presence, with its Indonesian production base having commenced operations earlier this year [2]. - The company aims to establish long-term stable relationships with downstream partners and capture overseas market opportunities through this agreement [2]. Group 2: Market Trends - The demand for lithium iron phosphate (LFP) batteries has surged, particularly in the electric vehicle sector, due to their cost-effectiveness and safety [5]. - Longpan Technology has been proactive in this trend, launching advanced products like the fourth-generation high-pressure product "S501" and the "S526" with reduced energy consumption and production cycles [5]. - Industry experts predict that the market share of LFP batteries will continue to grow, especially in overseas markets where penetration rates remain low [6]. Group 3: Financial Performance - Longpan Technology's H-shares have increased by over 170% this year, while its A-shares have risen by more than 64% [6].

Core Viewpoint - Longpan Technology has signed a significant procurement cooperation agreement with CATL for lithium iron phosphate cathode materials, which is expected to drive growth in the company's stock prices and market position [1] Company Summary - Longpan Technology's subsidiary, Lithium Source (Asia Pacific), has entered into a procurement cooperation agreement with CATL, covering the period from Q2 2026 to 2031 [1] - Following the announcement, Longpan Technology's A-shares hit the daily limit, closing at 17.07 yuan, while H-shares surged nearly 40% at one point, closing at 12.80 HKD, up 27.62% with a turnover rate of 141.68% [1] - The company's Indonesian lithium iron phosphate factory is currently the only one outside of China, having secured nearly 10 billion yuan in orders from LG Energy Solution last year [1] - Longpan Technology has a strong reputation and market share in lithium battery materials, focusing on R&D and production of lithium iron phosphate cathode materials [1] - The company is actively expanding its production capacity to meet the rapidly growing market demand, with plans to raise up to 2 billion yuan for high-performance phosphate cathode material projects in Shandong and Hubei [1] - Longpan Technology has secured sales contracts with BlueOval and EveEnergy, positioning itself to capitalize on the overseas demand for lithium iron phosphate [1] Industry Summary - The lithium iron phosphate battery market is experiencing robust growth, with expectations that China's lithium iron phosphate battery shipments will exceed 100 GWh by the end of the year [1] - The market for lithium iron phosphate batteries and their upstream materials is entering a rapid growth phase, driven by increasing demand in the domestic energy storage sector and the growth of lithium iron phosphate power batteries [1] - Longpan Technology's deep technical accumulation and market advantages in lithium iron phosphate cathode materials position it well to capture market opportunities during this favorable period [1] - Industry reports indicate that Longpan Technology's overseas capacity construction is ahead of competitors, and its deep ties with major clients enhance the certainty of capacity digestion [1]

Core Viewpoint - Longpan Technology has signed a significant procurement cooperation agreement with CATL for the supply of 157,500 tons of lithium iron phosphate cathode materials, with a total contract value exceeding 6 billion yuan, enhancing its position in the overseas market [1][2]. Group 1: Company Developments - Longpan Technology's subsidiary, Lithium Source (Asia Pacific), is the only lithium iron phosphate cathode material factory outside China, having secured nearly 10 billion yuan in orders from LG Energy last year [2]. - The company has been recognized for its "12,000 tons LFP cathode material industry project" in Indonesia, which was included in the 2025 BRICS countries' industrial cooperation case list [2]. - Longpan Technology is actively expanding its production capacity, planning to raise up to 2 billion yuan for two high-performance phosphate projects, adding a total annual capacity of 195,000 tons [4]. Group 2: Market Trends - The lithium iron phosphate battery market is experiencing rapid growth, with expectations that China's lithium iron phosphate battery shipments will exceed 1.3 TWh by the end of the year, driving upstream phosphate cathode material shipments to over 3.5 million tons, a year-on-year increase of over 45% [2]. - The company is focusing on research and development in cutting-edge technologies, including solid-state batteries and advanced cathode materials, to secure a competitive edge in the market [3]. - Longpan Technology's new high-density lithium iron phosphate materials are expected to significantly improve production efficiency and reduce manufacturing costs, potentially becoming a new growth point for sales and profits [3].

Core Viewpoint - Long-term procurement agreement signed between Longpan Technology's subsidiary Lithium Source (Asia-Pacific) and CATL for lithium iron phosphate cathode materials, valued at over 6 billion yuan, marking a significant step in the company's global strategy [3][5][6]. Group 1: Agreement Details - The agreement stipulates the supply of a total of 157,500 tons of lithium iron phosphate cathode materials from 2026 Q2 to 2031, with a total contract value exceeding 6 billion yuan based on expected supply and current market prices [5]. - This partnership is expected to strengthen Longpan Technology's long-term order stability and enhance relationships with key downstream partners, solidifying its competitive edge in the overseas lithium iron phosphate market [5][6]. Group 2: Production Capacity and Orders - Longpan Technology's Indonesian factory has already secured multiple long-term contracts with major international automotive and battery companies, showcasing its competitive advantage in the overseas market [6][7]. - The Indonesian factory's first phase, with a capacity of 30,000 tons, is set to commence production in early 2025, while the second phase, with a capacity of 90,000 tons, is under construction and expected to be completed by the end of 2025 [6]. Group 3: Market Demand and Trends - The global demand for lithium iron phosphate is experiencing explosive growth, with a projected 53% year-on-year increase in China's total cathode material shipments in the first half of 2025, and a 68% increase in lithium iron phosphate shipments [9]. - Key drivers of this demand include the rapid expansion of end-use markets such as energy storage and power batteries, as well as a shift in overseas battery companies' attitudes towards actively engaging with lithium iron phosphate technology [9][10]. Group 4: Collaborative Opportunities - The trend of domestic leading battery manufacturers expanding globally provides collaborative opportunities for upstream material companies like Longpan Technology [12]. - The shift from "product export" to "capacity export" among Chinese battery manufacturers allows for better local supply responses and cost optimization, enhancing China's influence in the lithium iron phosphate market [13][14].

Group 1 - Longpan Technology has signed a procurement cooperation agreement with CATL for lithium iron phosphate cathode materials, with an estimated total sales amount exceeding 6 billion yuan [2] - The stock price of Longpan Technology rose by 9.99% to 17.07 yuan per share following the announcement [2] - The company’s subsidiary, Lithium Source Asia Pacific, is expected to supply over 2.6 million tons of lithium iron phosphate cathode materials annually to CATL from 2026 to 2031 [5] Group 2 - The global market is shifting towards lithium iron phosphate batteries, with a projected market share of 84% in China's power battery installations by mid-2025 [3] - Major Korean battery manufacturers are beginning to develop lithium iron phosphate battery projects in response to rising nickel and cobalt prices [3] - Longpan Technology has also signed a cooperation agreement with Eve Energy, estimating total sales exceeding 5 billion yuan for 15.2 million tons of lithium iron phosphate cathode materials from 2026 to 2030 [5][6] Group 3 - Longpan Technology's overseas production capacity for lithium iron phosphate cathode materials is currently limited, with only 30,000 tons available as of mid-2025 [6] - The company has initiated the construction of a second phase project in Indonesia, aiming for an additional 90,000 tons of capacity, expected to be operational by the end of this year or early next year [6] - The total planned overseas production capacity for lithium iron phosphate cathode materials from Longpan Technology is projected to reach 580,000 tons [6]

Market Overview - The Shanghai Composite Index rose by 0.04% on September 16, with 21 out of the 28 sectors experiencing gains, led by the comprehensive and machinery equipment sectors, which increased by 3.62% and 2.06% respectively [1] - The power equipment sector saw a modest increase of 0.29%, while the agriculture, forestry, animal husbandry, and fishery sectors, along with the banking sector, faced declines of 1.29% and 1.15% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 37.426 billion yuan, with 11 sectors experiencing net inflows. The machinery equipment sector led with a net inflow of 5.508 billion yuan, followed by the computer sector, which also saw a 2.06% increase and a net inflow of 4.945 billion yuan [1] - The sectors with the highest net capital outflows included non-ferrous metals, which saw an outflow of 10.335 billion yuan, and the power equipment sector, which had an outflow of 8.913 billion yuan. Other sectors with significant outflows included banking, non-bank financials, and pharmaceutical biology [1] Power Equipment Sector Performance - In the power equipment sector, 362 stocks were tracked, with 212 stocks rising and 145 stocks declining. Eight stocks hit the daily limit up [2] - The top three stocks with the highest net inflows included Tianji Co., which saw an inflow of 685 million yuan, followed by Sunshine Power and Ocean Electric, with inflows of 574 million yuan and 372 million yuan respectively [2] - Conversely, the stocks with the highest net outflows included Xian Dao Intelligent, with an outflow of 1.094 billion yuan, followed by Yiwei Lithium Energy and Wolong Electric Drive, with outflows of 716 million yuan and 568 million yuan respectively [3]