经核查独立董事黄浩钧先生、徐建章先生、徐光华先生、王金本 先生的任职经历以及签署的相关自查文件，公司董事会认为上述人员 未在公司担任除独立董事及董事会专门委员会委员以外的任何职务， 未持有公司股份，也未在公司主要股东单位任职，与公司以及主要股 东之间不存在可能妨碍其进行独立客观判断的关系，不存在影响独立 董事独立性的情况。因此，公司独立董事符合《上市公司独立董事管 理办法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》等对独立董事独立性的相关要求。 江西赣锋锂业集团股份有限公司 董事会关于独立董事独立性的专项意见 根据《上市公司独立董事管理办法》《深圳证券交易所股票上市 规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市 公司规范运作》等相关规定，结合独立董事出具的《独立董事关于独 立性自查情况的报告》，江西赣锋锂业集团股份有限公司（以下简称 "公司"）董事会就公司在任独立董事黄浩钧先生、徐建章先生、徐 光华先生、王金本先生的独立性情况进行评估并出具如下专项意见： 江西赣锋锂业集团股份有限公司 董事会 2026 年 3 月 31 日 ...

江西赣锋锂业集团股份有限公司 独立董事 2025 年度述职报告 各位股东： 本人于 2020 年 3 月 24 日当选为江西赣锋锂业集团股份有限公司 （以下简称"公司"）董事会独立董事，2025 年度本人严格按照《公司 法》、《证券法》、《上市公司独立董事管理办法》等有关法律、法 规之规定，忠实履行职责，积极参加董事会各专业委员会的工作，切 实维护公司的整体利益和全体股东尤其是中小股东的合法权益。现将 本人在 2025 年度任职期间的履职情况报告如下： 一、基本情况 （一）个人工作履历、专业背景及兼职情况 独立董事徐光华，1981 年出生，法学博士、博士后，现任华东政 法大学刑事法学院教授、博士生导师，兼任中国刑法学研究会理事、 江西省犯罪学研究会理事、南昌仲裁委员会仲裁员、美国密苏里大学 堪萨斯分校访问学者、澳门科技大学客座教授。 （二）独立性说明 在担任公司独立董事期间，本人未在公司担任除独立董事以外的 任何职务，也未在公司主要股东公司担任任何职务，与公司以及主要 股东之间不存在利害关系或其他可能妨碍本人进行独立客观判断的关 系，本人任职符合《上市公司独立董事管理办法》等规定的独立性要 求，不存在影响独立 ...

Core Viewpoint - Ganfeng Lithium is projected to achieve a revenue of 23.08 billion RMB in 2025, representing a year-on-year growth of 22.08%, and a net profit of 1.61 billion RMB, reflecting a significant year-on-year increase of 177.77% [1] Financial Performance - Revenue forecast for 2025 is 23.08 billion RMB, indicating a growth of 22.08% compared to previous periods [1] - Net profit is expected to reach 1.61 billion RMB, which is a remarkable increase of 177.77% year-on-year [1]

江西赣锋锂业集团股份有限公司 2025 年年度报告全文 江西赣锋锂业集团股份有限公司 2025 年年度报告 2026 年 3 月 31 日 1 江西赣锋锂业集团股份有限公司 2025 年年度报告全文 2025 年年度报告 第一节重要提示、目录和释义 公司董事会及董事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责 任。 公司负责人李良彬、主管会计工作负责人黄婷及会计机构负责人（会计 主管人员）宋洁瑕声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 1、锂行业市场变化风险 公司受到锂行业的市场变化影响，包括目前及预期锂的可用资源、锂行 业的竞争格局、锂产品终端市场需求、科技发展、政府政策以及全球及地区 经济状况等，锂需求取决于终端市场锂的使用情况以及整体经济状况。近年 来，锂需求增加主要由电动汽车电池及储能电池的需求迅速增长所推动，各 国政府大力发展新能源汽车产业，推出优惠政策鼓励购买电动汽车。目前， 新能源汽车销量对政府补贴、充电网络建设、汽车上牌政策等仍有一定依赖 性，如果未来相关政策进行调整或政 ...

格隆汇3月30日丨赣锋锂业(002460.SZ)公布，为提升控股子公司江西赣锋锂电科技股份有限公司（简 称"赣锋锂电"）综合实力，拓展业务发展，同意公司以人民币3元/每元注册资本的价格，对赣锋锂电增 资不超过人民币10亿元。授权公司经营层全权办理本次交易相关事宜，签署相关法律文件并办理工商变 更登记。 ...

证券代码：002460 证券简称：赣锋锂业 编号：临2026-033 江西赣锋锂业集团股份有限公司（以下简称"公司"或"赣锋锂 业"）于 2026 年 3 月 30 日召开的第六届董事会第十四次会议审议通 过了《关于公司向赣锋锂电增资涉及关联交易的议案》，为提升控股 子公司江西赣锋锂电科技股份有限公司（以下简称"赣锋锂电"）综 合实力，拓展业务发展，同意公司以人民币 3 元/每元注册资本的价 格，对赣锋锂电增资不超过人民币 100,000 万元。授权公司经营层全 权办理本次交易相关事宜，签署相关法律文件并办理工商变更登记。 因公司董事、高级管理人员及公司实际控制人参与了赣锋锂电 2020 年增资扩股及员工持股的事项，本次增资涉及关联方共同投资， 亦构成关联交易，关联董事已回避表决。本次交易不构成《上市公司 重大资产重组管理办法》规定的重大资产重组，无需提交公司股东会 审议。 二、交易标的的基本情况 1、基本情况 江西赣锋锂业集团股份有限公司 关于公司向赣锋锂电增资涉及关联交易的公告 本公司及其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、误导性陈述或重大遗漏。 一、本次交易概述 公司名称：江西 ...

Investment Rating - The industry investment rating is "Outperform the Market" [4] Core Views - Lithium supply disturbances are intensifying while demand continues to exceed expectations. As of the latest week, the spot price of lithium carbonate is 158,000 CNY/ton, and the 2605 contract closing price is 168,440 CNY/ton. Weekly inventory has shifted from depletion to accumulation, with an increase of 616 tons as of March 26, due to higher operating rates at lithium salt plants post-Spring Festival and concentrated arrivals from Chile. This accumulation is expected to ease by mid-April [12][13]. - Supply-side disruptions are worsening, with delays in the resumption of mining operations in Jiangxi and ongoing negotiation issues in Zimbabwe affecting exports. Additionally, there are risks of diesel shortages in Australia impacting future mining production. Starting from late April, there may be risks of raw material shortages in domestic mining due to import shipping schedules [12][13]. - Demand is exceeding expectations, driven by the logic of new energy alternatives amid high oil prices. Although domestic vehicle sales showed negative growth in Q1, the increase in battery capacity per vehicle has completely offset this. Furthermore, the performance of heavy trucks and exports remains strong. With international oil prices remaining high, the penetration rate of new energy vehicles is expected to increase further, and the economic viability of solar storage is becoming more prominent, potentially leading to long-term demand growth beyond expectations [12][13]. - The report maintains a positive outlook on the profitability and valuation of lithium mining stocks, anticipating a "Davis Double" effect. The performance of lithium mining companies in Q1 and Q2 is expected to continue to deliver results, and the report remains optimistic about this sector [12][13]. Summary by Sections Lithium - Supply disturbances are increasing, and demand remains strong. The current spot price of lithium carbonate is 158,000 CNY/ton, with a contract price of 168,440 CNY/ton. Inventory has shifted to accumulation, with 616 tons added as of March 26, due to increased production rates and arrivals from Chile. Supply disruptions include delays in Jiangxi mining operations and issues in Zimbabwe affecting exports. There are also risks of diesel shortages in Australia impacting production. Demand is exceeding expectations, with strong performance in heavy trucks and exports, and the penetration of new energy vehicles is expected to rise further [12][13]. Gold - The situation is changing with ongoing chaos in pricing due to the US-Iran conflict. Oil prices have risen above 100 USD, and gold prices are expected to trend upwards in the medium to long term due to inflation and geopolitical tensions. Short-term liquidity issues may still pressure gold prices, but the mid-term inflation risks have improved the outlook for gold [13]. Aluminum - Supply disturbances in the Middle East are escalating, with production capacity being damaged. The Iranian Revolutionary Guard has attacked key aluminum plants in the UAE and Bahrain, leading to significant production losses. The ongoing blockade of the Strait of Hormuz poses further risks to aluminum production. As seasonal consumption recovers, the risk of rising aluminum prices is significant, and the report highlights the attractiveness of aluminum stocks [14].

Market Overview - On March 30, the four major indices closed mixed, with the Shanghai Composite Index rising by 0.24% to 3923.29 points, while the Shenzhen Component Index fell by 0.25% to 13726.19 points, the ChiNext Index decreased by 0.68% to 3273.36 points, and the Sci-Tech Innovation Index dropped by 0.18% to 1659.74 points [2][3]. Sector Performance - The precious metals, industrial metals, agriculture, and pharmaceutical commercial sectors saw significant gains, while the power, photovoltaic equipment, and oil and gas sectors experienced declines [2]. - The industrial metals sector witnessed a surge, with multiple stocks hitting the daily limit, including Liyuan Co., Minfa Aluminum, Chang Aluminum, and Nanshan Aluminum, all achieving gains of around 10% [2][4]. Notable Stocks - Top gainers in the industrial metals sector included: - Liyuan Co. (+10.27% to 2.04) - Minfa Aluminum (+10.08% to 4.26) - Chang Aluminum (+10.02% to 5.49) - Nanshan Aluminum (+10.00% to 6.49) [4]. - Conversely, the power sector faced significant declines, with stocks such as Jinkong Power and Huadian Liaoning Energy hitting the daily limit down, both falling by approximately 10% [5]. Trading Volume - The total trading volume in the Shanghai and Shenzhen markets reached 1.92 trillion yuan, an increase of 626 billion yuan compared to the previous trading day, with over 2800 stocks rising across the market [5]. Capital Flow - Main capital inflows were observed in the telecommunications, pharmaceutical, and agriculture sectors, while there were outflows from public utilities, electrical equipment, and oil and petrochemical sectors [8]. - Specific stocks with notable net inflows included Pingtan Development, Hengtong Optic-Electric, and Yongding Co., with inflows of 1.789 billion yuan, 936 million yuan, and 747 million yuan, respectively [9]. - Stocks experiencing significant net outflows included Sunshine Power, Luxshare Precision, and Ganfeng Lithium, with outflows of 1.713 billion yuan, 1.305 billion yuan, and 1.249 billion yuan, respectively [10]. Analyst Insights - Zhongtai Securities emphasized the defensive attributes of dividend assets and suggested positioning in recovery varieties following the reduction of geopolitical risks [11]. - CITIC Securities expressed optimism regarding investment opportunities in the aluminum sector due to ongoing supply disruptions [12]. - CITIC Jinpu highlighted the high growth in fiber demand driven by overseas telecommunications networks, AI, and drones, indicating that the industry is in a high prosperity cycle and continues to recommend the fiber sector [12].

Group 1 - The core viewpoint of the article is that Daiwa has upgraded Ganfeng Lithium's investment rating from "Underperform" to "Outperform" due to improvements in the global lithium supply-demand landscape [1] - Daiwa has significantly raised the target price for Ganfeng Lithium from 53 HKD to 85 HKD, marking a shift to a positive outlook for the first time after a pessimistic view for 2023 to 2025 [1] - The firm anticipates a global lithium supply shortage in 2026, primarily due to the early implementation of Zimbabwe's lithium mine export ban and slower-than-expected recovery of CATL's lithium mica mines [1] Group 2 - Daiwa has increased its earnings per share forecast for Ganfeng Lithium for 2026 to 2027 by 213% to 583%, reflecting the upward adjustment in lithium prices [1] - The target price-to-earnings ratio has been set at 17.3 times, which is lower than the 20 times for Ganfeng Lithium's A-shares, to account for the lower liquidity of H-shares [1] - The forecast for lithium prices in 2026 to 2027 is set at 130,000 to 145,000 CNY per ton, which is conservative compared to the market's optimistic expectation of 200,000 CNY, mainly due to concerns over rising production in Africa and China [1]

Group 1 - The core viewpoint of the article is that Daiwa has upgraded Ganfeng Lithium's investment rating from "underperform" to "outperform" due to improvements in the global lithium supply-demand landscape, with a target price increase from HKD 53 to HKD 85 [1] - Daiwa anticipates a global lithium supply shortage in 2026, primarily due to the early implementation of Zimbabwe's lithium export ban and slower-than-expected resumption of production at CATL's lithium mica mines [1] - The brokerage has raised its earnings per share forecast for Ganfeng Lithium for 2026-2027 by 213% to 583%, reflecting an increase in lithium prices and has adopted a price-to-earnings valuation method with a target P/E ratio of 17.3 times, lower than the 20 times for Ganfeng's A-shares [1] Group 2 - Daiwa's forecast for lithium prices in 2026-2027 is set at RMB 130,000 to RMB 145,000 per ton, which is more conservative compared to the market's optimistic expectation of RMB 200,000 per ton, mainly due to concerns over rising production in Africa and China [1]