Core Viewpoint - The high-pressure dense lithium iron phosphate (LFP) sector is experiencing significant activity, with major companies like CATL and Fulin Precision Engineering making strategic moves to expand their capabilities in this area [1][2]. Group 1: Company Developments - Fulin Precision Engineering announced plans to invest in a new project for high-pressure dense LFP with an annual production capacity of 350,000 tons, in response to the recovering market and increasing demand for high-end products [1]. - The company is collaborating with CATL, which plans to invest 2.563 billion yuan in Fulin's subsidiary, Jiangxi Shenghua New Materials, to enhance its control over the supply chain [1]. - Chuanfa Longmang has signed an investment cooperation agreement with Jiangxi Shenghua to establish a joint venture with a registered capital of 660 million yuan, targeting a production capacity of 175,000 tons per year using the oxalic acid ferrous process [1][2]. Group 2: Market Trends - The oxalic acid ferrous route for producing high-pressure dense LFP is gaining traction as a mainstream technology, with increasing market penetration and recognition [2]. - The development of high-pressure dense LFP materials is expected to have a promising market outlook, as indicated by advancements from companies like Defang Nano and Changsheng Technology in high-performance LFP materials [5].

证券代码：002312 证券简称：川发龙蟒 公告编号：2025-063 四川发展龙蟒股份有限公司 第七届董事会第十四次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 四川发展龙蟒股份有限公司（以下简称"公司"）第七届董事会第十四次会议 通知于 2025 年 10 月 24 日以邮件形式发出，会议于 2025 年 10 月 28 日上午 10:00 以通讯表决的方式召开。会议应出席董事 7 名，实际出席董事 7 名。本次会议由 董事长朱全芳先生主持，公司全体监事和高级管理人员列席了本次会议。会议的 召集、召开程序符合《公司法》和《公司章程》的有关规定，会议表决合法有效。 二、董事会会议审议情况 经与会董事审议并记名投票表决，会议通过了如下议案： （一）审议通过了《关于全资子公司德阳川发龙蟒新材料有限公司合作建设 17.5 万吨/年高压密磷酸铁锂项目暨设立合资公司的议案》 董事会认为全资子公司德阳川发龙蟒新材料有限公司（以下简称"德阳川发 龙蟒"）投资合作建设 17.5 万吨/年高压密磷酸铁锂暨设立合资公司项目符合公 司"稀缺资 ...

Company Overview - Chuanfa Longmang (SZ 002312) announced on October 28 that its 7th Board of Directors held a meeting via telecommunication to discuss the proposal for a joint venture to construct a 175,000 tons/year high-pressure lithium iron phosphate project through its wholly-owned subsidiary Deyang Chuanfa Longmang New Materials Co., Ltd [1] Financial Performance - For the first half of 2025, the revenue composition of Chuanfa Longmang was as follows: Phosphate chemicals accounted for 80.81%, other segments 9.04%, trading 8.44%, and new energy materials 1.71% [1] Market Position - As of the report date, Chuanfa Longmang's market capitalization stood at 20.4 billion yuan [1]

Core Viewpoint - The announcement highlights a strategic partnership between Chuanfa Longmang and Fujilin Precision Engineering to establish a joint venture focused on lithium iron phosphate production, indicating a significant investment in the new energy materials sector [1] Group 1: Investment Details - Chuanfa Longmang's wholly-owned subsidiary, Deyang Chuanfa Longmang, has signed an investment cooperation agreement with Jiangxi Shenghua New Materials, a subsidiary of Fujilin Precision Engineering [1] - The registered capital for the joint venture, named Fujilin Longmang New Materials Co., Ltd., is set at 660 million yuan, with Jiangxi Shenghua contributing 337 million yuan (51%) and Deyang Chuanfa Longmang contributing 323 million yuan (49%) [1] - The joint venture will focus on a project with an annual capacity of 175,000 tons of high-pressure lithium iron phosphate, with a total projected investment of 1.961 billion yuan [1]

Core Viewpoint - Chuanfa Longmang (002312.SZ) announced a partnership with Fulin Precision (300432) to establish a joint venture, Fulin Longmang New Materials Co., Ltd., focusing on lithium iron phosphate production [1] Group 1: Investment Details - The joint venture will have a registered capital of 660 million yuan [1] - The total investment for the lithium iron phosphate project is expected to be 1.961 billion yuan [1] - The project aims to produce 175,000 tons per year of lithium iron phosphate [1] Group 2: Strategic Objectives - The investment is intended to optimize the capacity layout of lithium battery materials [1] - The goal is to achieve the best performance and cost optimization for end products [1]

证券代码：002312 证券简称：川发龙蟒 公告编号：2025-064 司"），合资公司设立时的注册资本金为人民币 66,000 万元，其中，江西升华出 资 33,660 万元，占合资公司注册资本的 51%，德阳川发龙蟒出资 32,340 万元， 占合资公司注册资本的 49%；并以合资公司为主体开展 17.5 万吨/年高压密磷酸 铁锂项目的投资、建设和运营，本项目预计总投资金额 19.61 亿元，资金来源为 合资公司自有及自筹。本次设立合资公司事项，不影响公司合并报表范围。 本次投资事项在公司董事会审批权限范围内，无需提交股东大会审议。本次 投资事项不涉及关联交易，不构成《上市公司重大资产重组管理办法》规定的重 大资产重组。公司将根据后续具体推进情况，严格按照《深圳证券交易所股票上 市规则》及《公司章程》等有关规定，及时履行相应审批程序及信息披露义务。 四川发展龙蟒股份有限公司 关于全资子公司德阳川发龙蟒新材料有限公司合作建设 17.5 万吨/年高压密磷酸铁锂项目暨设立合资公司的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 一、对外投资基本情况 （一）投 ...

Core Viewpoint - The report highlights the growth in China's phosphate rock production, indicating a positive trend in the industry with significant year-on-year increases in output [1]. Industry Summary - According to the National Bureau of Statistics, China's phosphate rock production (calculated as P2O5 content at 30%) reached 11.68 million tons in August 2025, representing an 8.1% year-on-year increase [1]. - From January to August 2025, the cumulative phosphate rock production was 80.183 million tons, showing a cumulative growth of 12.4% [1]. - The report includes a statistical chart of phosphate rock production in China from 2020 to August 2025, illustrating the upward trend in production [1]. Company Summary - Listed companies in the phosphate industry include Xingfa Group (600141), Hubei Yihua (000422), Yuntianhua (600096), Chuanfa Longmang (002312), Xinyangfeng (000902), and Yuntu Holdings (002539) [1].

2025 年 10 月 27 日 公司研究 业绩符合预期，拟投建年产 10 万吨磷酸二氢锂项目 ——川发龙蟒（002312.SZ）2025 年三季报点评 要点 磷化工维持高景气，天宝公司 Q3 正式并表。2025Q3，国内磷矿石价格仍然维 持在高位水平，行业整体仍保持高景气状态。根据百川盈孚数据，2025Q3 国内 30%品位磷矿石均价约为 1020 元/吨，相较于 2025Q2 基本持平。公司主营产 品方面，由于施用旺季的结束，2025Q3 工业级磷酸一铵价格小幅降低。根据 iFinD 数据，2025Q3 工业级磷酸一铵销售均价为 6041 元/吨，环比 2025Q2 下 降 7.7%。2025 年 6 月，公司完成对国内饲料级磷酸氢钙行业头部企业天宝公司 60%股份的收购，天宝公司纳入公司的合并报表范围。由于天宝公司的并表， 2025Q3 公司营收及利润出现较大幅度的增长。同时基于公司业务结构的优化， 2025Q3 公司毛利率环比提升 3.1pct 至 17.2%。 拟投建 10 万吨/年磷酸二氢锂项目，加码新能源材料布局。公司发布公告表示， 公司全资子公司德阳川发龙蟒新材料有限公司拟在四川省绵竹市德阳- ...

证券代码：002312 证券简称：川发龙蟒 公告编号：2025-062 四川发展龙蟒股份有限公司 关于召开 2025 年第二次临时股东大会的提示性公告 本公司及董事会全体成员保证公告信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或者重大遗漏。 四川发展龙蟒股份有限公司（以下简称"公司"）于 2025 年 9 月 30 日在《中国证券 报》《上海证券报》《证券时报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）上 披露了《关于召开 2025 年第二次临时股东大会的通知》。现发布本次股东大会提示性 公告，具体内容如下： 一、会议召开基本情况 (一) 会议届次：2025 年第二次临时股东大会 (二) 会议召集人：公司董事会 （1）现场投票：股东本人出席现场会议或者通过授权委托书（见附件二）委托他 人出席现场会议。 （2）网络投票：公司将通过深交所交易系统和互联网投票系统向全体股东提供网 络投票平台，股东可以在上述网络投票时间内通过上述系统行使表决权。 同一股份只能选择现场投票、网络投票中的一种表决方式。网络投票包含深交所交 易系统和互联网投票系统两种投票方式，同一股份只能选择其中一种方式 ...

Core Viewpoint - The company, Chuanfa Longmang, is experiencing stable growth driven by its dual strategy in phosphate chemicals and new energy materials, as evidenced by its financial performance in Q3 2025 [1][2]. Financial Performance - In Q3 2025, the company achieved an operating income of 2.686 billion yuan, representing a year-on-year increase of 32.54%, and a net profit attributable to shareholders of 198 million yuan, up 50.91% year-on-year [1][2]. - For the first three quarters of 2025, the company reported an operating income of 7.387 billion yuan, a year-on-year growth of 22.06%, and a net profit of 437 million yuan, reflecting a 2.81% increase year-on-year [1][2]. Investment and Project Development - The company plans to invest 366 million yuan in a new project to build a 100,000 tons/year lithium dihydrogen phosphate facility in the Deyang-Abazhou Ecological Economic Industrial Park in Sichuan Province [1][5]. - The company has also acquired a 10% stake in Sichuan Development Tiansheng Mining Co., which holds rich phosphate resources, with a total identified phosphate ore resource of 401 million tons and a designed production capacity of 5.5 million tons/year [2]. Financing Activities - The company has made significant progress in financing, with the approval to issue medium-term notes totaling up to 2.5 billion yuan, aimed at repaying debts, supplementing working capital, and funding project construction [3]. Collaborative Projects - The company has signed a cooperation framework agreement with Fulian Precision Engineering to jointly invest in a high-pressure dense lithium iron phosphate project and a precursor project, enhancing its collaborative efforts in the phosphate chemical sector [4].