智通财经6月17日电，龙蟠科技在互动平台表示，龙蟠科技目前是苏超联赛的战略合作伙伴。龙蟠科技 将依托自身品牌实力与创新精神，为"苏超联赛"提供有力支持，并在赛事推广、品牌联动、球迷互动等 多维度展开深度协作。 龙蟠科技：目前是苏超联赛的战略合作伙伴 ...

Core Viewpoint - Jiangsu Lopal Tech. Co., Ltd. has entered into a capital increase agreement with Changzhou Lithium Source, a non-wholly owned subsidiary, and the valuation report indicates that the valuation is based on the income approach, which constitutes a profit forecast under the listing rules [1][2]. Valuation Report Summary - The valuation report outlines that the assessment of the total equity value of shareholders is based on three fundamental methods: income approach, market approach, and asset-based approach [3][5]. - The income approach focuses on the future earning capacity of the assessed unit, converting expected future earnings into present value using an appropriate discount rate [6][18]. - The market approach involves analyzing comparable companies and transaction prices to determine the enterprise value, utilizing market multiples such as price-to-earnings and price-to-book ratios [8][19]. Financial Performance and Forecast - Changzhou Lithium Source was profitable in 2022, but due to significant fluctuations in lithium carbonate prices, it is expected to incur losses in 2023 and 2024. However, management anticipates a return to positive gross margins starting in 2025 as high-cost inventory is depleted [5][21]. - The projected compound annual growth rate (CAGR) for operating revenue from 2024 to 2029 is estimated at 9.3%, with a stable sales price expected due to the stabilization of lithium carbonate prices [21][22]. - The total equity value of Changzhou Lithium Source is assessed at approximately RMB 4.84 billion (approximately USD 0.66 billion) based on the income approach, while the market approach yields a value of approximately RMB 4.58 billion (approximately USD 0.64 billion) [19][20]. Industry Context - The lithium iron phosphate (LFP) cathode material is crucial for lithium batteries, with a projected increase in demand as the market for new energy and energy storage continues to expand. In 2024, China's lithium battery shipments are expected to reach 1,175 GWh, a year-on-year increase of 32.6% [20][21]. - The industry is currently facing price adjustments, but the long-term outlook remains positive due to the growing market for renewable energy and energy storage solutions [20][21].

江蘇龍蟠科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2465） 進一步公告 關連交易 增資協議 茲提述江蘇龍蟠科技股份有限公司（「本公司」）日期為2025年5月29日之公告（「該公 告」），內容有關與常州鋰源（本公司的一家非全資附屬公司）及常州鋰源股東訂立增 資協議。除另有界定外，本公告所用詞彙與該公告所界定者具有相同涵義。 遵照上市規則 誠如該公告所披露，由於估值報告採用收益法，該等估值構成上市規則第14.61條項 下的盈利預測（「盈利預測」）。本公告載列上市規則第14.60A條就盈利預測所規定的 相關資料。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Jiangsu Lopal Tech. Co., Ltd. 估值報告 估值報告之進一步詳情載於該公告附錄一。 – 1 – 盈利預測 — 確認 根據上市規則第14.60A(2)條規定，本公司已聘請大華馬施雲會計師事務所有限公 司擔任申報會計師（「申報會計師」）對估值報 ...

Core Insights - The 17th International Automotive Powertrain Technology Conference (TMC2025) was held in Nantong, focusing on technological innovation and strategy in five core areas [1] - Longpan Technology's Director of R&D presented on magnesium alloy electric drive system cooling fluids, highlighting industry interest [1][3] Group 1: Magnesium Alloy Cooling Solutions - The demand for lightweight materials in cooling systems for electric vehicles is increasing, with magnesium alloys being a focal point due to their low density and high strength [3] - Longpan has developed a low electrical conductivity cooling fluid specifically for magnesium alloys, which suppresses pitting and corrosion [5] - This cooling fluid meets the latest GB 29743.2 standards and has passed durability tests by domestic electric drive manufacturers, filling a gap in the market [8] Group 2: Advanced Lubricants and Products - Longpan showcased new ultra-low viscosity synthetic gasoline engine oils, AX 0W-8 and 0W-12, designed for modern low-emission, high-efficiency internal combustion engines [9] - The company also presented a range of high-end products, including hybrid automatic transmission oils and ethanol windshield washer fluid, attracting significant attention at the conference [11] - Longpan's participation at TMC2025 demonstrates its technical strength and deep commitment to the new energy vehicle technology ecosystem [11]

Core Viewpoint - Longpan Technology has shown remarkable performance in the capital market since Q2, with a significant stock price increase driven by strong business expansion and the popularity of solid-state battery concepts [1][2]. Group 1: Business Expansion and Orders - Longpan Technology has secured multiple large orders in the lithium iron phosphate market, including contracts with major companies like Ford Battery Plant and CATL, totaling over 27 billion in contract value in the past six months [2]. - The company has introduced advanced technologies, including the fourth-generation high-pressure lithium iron phosphate material (S526), which has achieved breakthroughs in performance and cost [2][3]. - The competitive landscape in the lithium iron phosphate market is shifting, with leading companies like Longpan expected to gain more market share as less competitive capacities are phased out [2][3]. Group 2: Solid-State Battery Development - Longpan Technology is making significant strides in solid-state battery materials, collaborating with leading universities and battery manufacturers to enhance product stability and safety [3][4]. - The company is one of the few globally that has mastered the technology for solid-state battery additives, positioning itself well for future market growth as solid-state batteries gain traction [3][4]. - The anticipated mass production of solid-state batteries by 2027 could provide Longpan with substantial growth opportunities as the market evolves [4]. Group 3: Brand Promotion through Sports Marketing - Longpan Technology has become the official strategic partner of the Jiangsu Super League, which is expected to significantly enhance its brand visibility and recognition [4][5]. - The partnership aligns with the company's diverse product offerings, which include consumer-facing items, thereby strengthening its brand presence in the market [4][5]. - The Jiangsu Super League has garnered substantial viewership, with over 42 billion views on Douyin and 6.5 million reads on Weibo, indicating a strong promotional platform for Longpan [5]. Group 4: Market Outlook and Investment Potential - The capital market is increasingly optimistic about the valuation recovery of Chinese assets, particularly in the technology sector, which is expected to benefit companies like Longpan Technology [6]. - International investors are showing heightened interest in diversifying their portfolios with Chinese assets, suggesting significant potential for future capital inflows into the market [6]. - Longpan Technology's unique position in the lithium battery industry, combined with its growth potential and technological advancements, makes it a compelling investment opportunity in the current market environment [6].

本文来源：企业公告 2025（第三届）中国固态电池 技 术 发 展 与 市 场 展 望 高 峰 论 坛 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ -广告- 会议主办： 鑫椤资讯 会议时间： 2025年7月8-9日（8号报到） 会议地点： 中国·上海 6月2日晚间， 龙蟠科技 公告，控股孙公司 LBMNEWENERGY(AP)PTE.LTD.(简称"锂源(亚太 )")与 EveEnergyMalaysiaSdn.Bhd.（简 称"EveEnergy"）签署《生产定价协议》， 预计自2026至2030年间 向EveEnergy及其关联企业销售15.2万吨磷酸铁锂正极材料，合同总销售金额预计超50亿元。 Eve Energy是头部 电池 企业之一 亿纬锂能 的海外子公司 ， 主要生产制造圆柱形锂离子电动工具、两 轮车和清洁工具电池。今年2月，亿纬锂能马来西亚工厂首颗电池下线，标志着亿纬锂能首个海外工厂开 始生产运营。 据悉，龙蟠科技是国内首家赴海外建厂生产磷酸铁锂的企业，其海外工厂建设主要集中在印尼。2021年， 龙蟠科技 宣布将在印尼建立磷酸铁锂生产基地，总规划建 ...

Core Viewpoint - The Chinese lubricating oil industry is guided by a series of government policies aimed at promoting high-end lubricating oil development and large-scale industrial growth, with a focus on green development and resource recycling. Policy History - The policy history indicates a continuous effort to guide the lubricating oil industry, emphasizing the development of synthetic base oils and recycling technologies during the "12th Five-Year Plan" period, encouraging low-temperature Fischer-Tropsch synthesis oil production during the "13th Five-Year Plan," and promoting high-quality development of the petrochemical industry in the "14th Five-Year Plan" [1]. National Policy Summary and Interpretation - The management of the lubricating oil industry is primarily reflected in the formulation of industrial policies, strategic planning, and optimization of the development environment, focusing on green development and supporting business operations [4]. Policy Details - A summary of key policies includes: - **2024.11**: Encouragement for high-end chemical manufacturing [5] - **2024.09**: Guidelines for agricultural machinery maintenance [5] - **2024.05**: Suspension of certain tariff reductions on lubricating oil products from Taiwan [5] - **2023.10**: Guidance on promoting green innovation in the refining industry [5] - **2022.08**: Establishment of a carbon emission accounting system [6] - **2021.11**: Promotion of clean production audits across various industries [6] Provincial Policy Summary - Various provinces are focusing on high-end lubricating oil development, with some also promoting high-end lubricating oil additives and foundational industries to enhance the entire lubricating oil supply chain towards high-end and green development [13]. Industrial Green Development Planning - The "14th Five-Year Plan for Industrial Green Development" aims for a 13.5% reduction in energy consumption per unit of industrial added value by 2025, with significant improvements in resource utilization and pollution reduction [10][11]. Energy Efficiency Standards - The 2023 version of the energy efficiency benchmark levels expands the scope of energy efficiency constraints, adding 11 new sectors, including the petrochemical industry, which accounts for approximately 80% of the total energy consumption in the industry [9]. Conclusion - The policies and plans outlined reflect a comprehensive approach to enhancing the lubricating oil industry in China, focusing on sustainability, innovation, and high-quality development, which are crucial for future growth and competitiveness in the global market [12][13].

Core Viewpoint - The global expansion of Chinese lithium battery companies has entered a new phase characterized by "capacity landing" since 2025, focusing on establishing overseas production bases to drive a systematic global layout across the entire industry chain [1][7]. Group 1: Industry Trends - The trend of "capacity landing" is particularly evident in Southeast Asia, with Indonesia serving as a clear example, highlighted by the successful production of a 30,000-ton lithium iron phosphate (LFP) factory by Longpan Technology [1][2]. - Longpan's new five-year supply agreement worth over 5 billion RMB with battery manufacturer EVE Energy reflects the recognition of its established production capacity [2]. - The establishment of local production capabilities for key materials such as cathodes and separators in Southeast Asia marks the initial formation of industry collaboration [4]. Group 2: European Expansion - The lithium battery layout in Europe is accelerating, with companies like Tianci Materials planning to invest approximately 2 billion RMB in Morocco to build an integrated base for electrolyte and key raw materials [4][6]. - Hungary is emerging as a lithium battery industry hub, with companies like Tian Technology and Kunlun New Materials planning significant investments in production facilities [5]. Group 3: Market Dynamics - The shift from "announcement" to "landing" in 2025 is driven by the demand from downstream battery manufacturers, which are entering a capacity release phase [7]. - The competitive environment in the domestic market, particularly in the cathode materials sector, has led to a decline in average gross margins to around 3%, pushing companies to seek new profit growth points overseas [8]. Group 4: Strategic Collaborations - Wanhu Chemical's strategy in Europe illustrates a mature approach, transitioning from technical cooperation to becoming a core supplier for European battery manufacturers [9][10]. - The successful signing of new overseas orders by equipment manufacturers like Haimeixing Laser indicates a robust demand for established equipment in overseas battery factories, ensuring construction speed and production efficiency [11]. Group 5: Industry Ecosystem - A highly efficient lithium battery industry cluster is forming in regions like Southeast Asia and Hungary, characterized by close collaboration between battery manufacturers and local material suppliers [12]. - The comprehensive output of technology, standards, management, and ecosystem from Chinese enterprises signifies a shift in the global lithium battery landscape, moving beyond mere capital outflow and capacity replication [12].

Core Viewpoint - The article discusses the transformation of the lithium battery industry towards a new phase characterized by "capacity landing" since 2025, emphasizing the establishment of localized production capabilities in Southeast Asia and Europe, driven by the demand from downstream battery manufacturers [3][10][15]. Group 1: Industry Trends - The globalization of Chinese lithium battery companies has entered a new stage focused on establishing overseas production bases, particularly in Southeast Asia, with Indonesia serving as a key example [3]. - Dragon Power Technology's lithium iron phosphate (LFP) factory in Indonesia, with a capacity of 30,000 tons, has successfully commenced production, marking a significant milestone in localizing supply chains [3][4]. - The establishment of long-term supply agreements, such as the five-year contract worth over 5 billion RMB with Yiwei Lithium Energy, highlights the recognition of the value of localized production [4]. Group 2: Regional Developments - In Malaysia, Yiwei Lithium Energy's first overseas factory began production in January, and another project by Xingyuan Material is set to launch in June, indicating a trend of local production capabilities for key lithium battery materials [7]. - European expansion is also accelerating, with companies like Tianci Materials planning a 2 billion RMB investment in Morocco for an integrated base producing 150,000 tons of electrolyte and key raw materials [9]. - Hungary is emerging as a lithium battery industry hub, with significant investments from membrane manufacturers and other key players [8]. Group 3: Market Dynamics - The shift from "announcement" to "landing" in 2025 is driven by the need for efficient local supply chains to support the new capacities being released by battery manufacturers like CATL and Yiwei Lithium Energy [10]. - The competitive environment in the domestic market, particularly in the cathode materials sector, has led to a decline in average gross margins, pushing companies to seek new profit growth points overseas [11][12]. - Companies like Wanhua Chemical are strategically positioning themselves in Europe, transitioning from technology partners to core suppliers in the supply chain [13]. Group 4: Ecosystem Development - The integration of equipment suppliers, such as Haimeixing Laser, into the global supply chain is crucial for ensuring the efficiency and consistency of overseas production [14]. - The formation of efficient lithium battery industry clusters in regions like Southeast Asia and Hungary allows for rapid response to supply needs and fosters innovation through close collaboration [15]. - The article concludes that the globalization of the lithium battery industry is evolving beyond mere capital outflow and capacity replication to encompass comprehensive technology, standards, management, and ecosystem exports [15].

证券代码：603906 证券简称：龙蟠科技 公告编号：2025-080 江苏龙蟠科技股份有限公司 关于提前归还暂时补充流动资金的闲置募集资金的公告 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。 2025年3月28日，江苏龙蟠科技股份有限公司（以下简称"公司"）召开了 第四届董事会第三十四次会议，审议通过了《关于公司使用部分闲置募集资金暂 时补充流动资金的议案》，同意公司使用总额不超过人民币5亿元的非公开发行 股票闲置募集资金暂时补充流动资金，使用期限自董事会审议通过之日起不超过 12个月，到期后公司将及时、足额将该部分资金归还至募集资金专户。具体情况 详见公司于2025年3月29日披露在上海证券交易所网站（www.sse.com.cn）及公 司指定媒体上的《江苏龙蟠科技股份有限公司关于使用部分闲置募集资金暂时补 充流动资金的公告》（公告编号：2025-042）。 截至本公告披露日，公司已将用于临时补充流动资金的募集资金5亿元全部 归还至募集资金专用账户。同时，公司已将上述募集资金的归还情况及时通知了 公司的持续督导机构及保荐 ...