Core Viewpoint - The stock of Shandong Fengyuan Chemical Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over two consecutive trading days [2]. Group 1: Stock Trading Abnormality - The company's stock price increased significantly, leading to a situation classified as abnormal trading fluctuation according to Shenzhen Stock Exchange rules [2]. - The abnormal trading occurred on November 13 and November 14, 2025 [2]. Group 2: Company Verification and Situation - The company's board of directors conducted a verification process regarding the stock price fluctuation and confirmed that there were no corrections or supplements needed for previously disclosed information [3]. - No significant undisclosed information that could impact the stock price was found in recent media reports [3]. - The company's operational situation remains normal, with no expected significant changes in the internal or external business environment [3]. - There are no undisclosed significant matters related to the company by the controlling shareholders or actual controllers during the abnormal trading period [3]. Group 3: Disclosure Compliance - The board confirmed that there are no undisclosed matters that should be reported according to the Shenzhen Stock Exchange's listing rules [4]. - The company has not identified any information that could significantly affect the trading price of its stock that has not been disclosed [4]. Group 4: Risk Reminder - The company emphasizes that it has not violated any fair disclosure regulations and urges investors to be cautious due to the recent stock price volatility [5]. - Investors are reminded to make rational investment decisions and to refer to designated media for official disclosures [5].

Core Insights - The price of lithium iron phosphate (LFP) has rebounded, increasing approximately 10% since early October, driven by strong demand from automotive manufacturers and battery producers, as well as a surge in global energy storage needs [2][3] - Major companies in the LFP sector are experiencing high order volumes, with production lines operating at full capacity, indicating a robust market environment [3][5] - The development of high-pressure compact LFP technology is prompting material companies to upgrade their technology and adjust production capacity structures [2][6] Price Trends - As of November 14, the average price of LFP reached approximately 38,400 yuan per ton, reflecting a cumulative increase of 3,300 yuan per ton since early October, which corresponds to a 10% rise [3] - Leading LFP producers have initiated a new round of price negotiations, increasing prices by 1,000 to 2,000 yuan per ton for certain customers, signaling a potential bottoming out of prices [3] Demand and Production - The domestic power battery installation volume in China reached 84.1 GWh in October, marking a year-on-year increase of 42.1%, with LFP battery installations at 67.5 GWh, up 43.7%, capturing an 80.3% market share [4] - Companies such as Hunan Youneng and Deyang Nano are reporting full order books and continuous full-capacity production, with LFP orders extending into the first half of next year [5][6] Technological Advancements - The shift towards high-pressure compact LFP technology is changing the competitive landscape, with leading firms holding technological advantages in advanced product iterations [6][7] - Companies are actively innovating and iterating their products, with Hunan Youneng's new series of high-pressure compact LFP products gaining market traction [6][7]

Core Viewpoint - Fengyuan Co., Ltd. announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over two consecutive trading days (November 13 and 14, 2025) [2] Company Information - The company confirmed that there are no corrections or supplements needed for previously disclosed information [2] - Recent operational conditions of the company are normal, and there have been no significant changes in the internal and external operating environment [2] - The company's controlling shareholder and actual controller have no undisclosed significant matters related to the company [2] - The company is not in violation of information fair disclosure regulations [2]

证券代码：002805 证券简称：丰元股份 公告编号：2025-057 山东丰元化学股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 山东丰元化学股份有限公司（证券名称：丰元股份，证券代码：002805，以 下简称"公司"或者"本公司")股票连续两个交易日（2025 年 11 月 13 日、11 月 14 日）收盘价格涨幅偏离值累计超过 20%。根据《深圳证券交易所交易规则》 的相关规定，属于股票交易异常波动的情况。 二、公司关注、核实情况说明 针对公司股票交易异常波动，公司董事会对有关事项进行了核查，并通过函 询的方式对公司控股股东、实际控制人进行了核实，现将有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 未披露的、对本公司股票及其衍生品种交易价格产生较大影响的信息；公司前期 披露的信息不存在需要更正、补充之处。 四、上市公司认为必要的风险提示 1、经自查，公司确认不存在违反信息公平披露的情形。 2、近期公司股价波动幅度较大，公司特别提醒投资者，注意投资风险，理 性决策， ...

Core Viewpoint - The company, Fengyuan Co., Ltd. (002805), is focused on enhancing its core competitiveness and differentiation in response to industry dynamics and customer feedback [1] Group 1 - The company will closely monitor industry trends and continuously strengthen its core competitive advantages [1] - The company aims to improve its differentiated competitive edge by engaging in proactive business negotiations with customers [1] - Factors influencing pricing decisions include customer demand feedback and fluctuations in raw material prices [1]

人民财讯11月15日电，丰元股份（002805）11月14日在投资者电话交流会表示，截至目前，公司已建成 的磷酸铁锂产能共计22.5万吨，总体产能规划达30万吨，剩余7.5万吨产能处于在建阶段。公司也会根据 行业的发展趋势和下游客户的需求变化，在产能建设实施过程中进行实时调整。2025年第四季度以来， 受益于下游需求的持续增长，公司产品的有效产能利用率保持在较高水平。 ...

Core Viewpoint - Shandong Fengyuan Chemical Co., Ltd. is actively expanding its lithium iron phosphate production capacity and focusing on product differentiation to meet market demands, while maintaining a strong emphasis on customer collaboration and operational efficiency [1][2]. Group 1: Production Capacity - The company has established a total lithium iron phosphate production capacity of 225,000 tons, with an additional 75,000 tons currently under construction, aiming for a total planned capacity of 300,000 tons [1]. - The production utilization rate has remained high since Q4 2025, driven by sustained growth in downstream demand [1]. Group 2: Product Development and Customer Collaboration - The company is advancing new product development focused on differentiated customer needs, particularly high-pressure dense products [1]. - It is strengthening long-term partnerships with existing core customers through joint technical research and improving service response efficiency, while also actively seeking collaborations with other leading enterprises in the downstream sector [1]. Group 3: Pricing Strategy and Performance Expectations - The company plans to adjust product prices based on market dynamics, customer feedback, and raw material price trends, engaging in proactive negotiations to ensure mutual benefits for supply and demand [1]. - The global market for power batteries and energy storage batteries is expected to grow significantly, providing ample development opportunities for the lithium battery cathode materials industry [2].

格隆汇11月14日｜丰元股份(002805.SZ)发布投资者关系活动记录表，截至目前，公司已建成的磷酸铁 锂产能共计22.5万吨，总体产能规划达30万吨，剩余7.5万吨产能处于在建阶段。2025年第四季度以来， 受益于下游需求的持续增长，公司产品的有效产能利用率保持在较高水平。公司针对客户对产品差异化 需求研发的高压实密度产品目前已经进入量产阶段。 ...

Group 1: Production Capacity and Utilization - The company has established a lithium iron phosphate production capacity of 225,000 tons, with a total planned capacity of 300,000 tons, and 75,000 tons currently under construction [2] - Since Q4 2025, the effective capacity utilization rate has remained high due to sustained growth in downstream demand [2] Group 2: Product Development and Innovation - The company has successfully entered mass production of high-pressure dense products in response to differentiated customer needs [3] - Continuous tracking of industry technology trends and market demand is emphasized for proactive product development [3] Group 3: Customer Cooperation and Market Strategy - The company strengthens long-term partnerships with core customers through joint R&D and product innovation, while also optimizing customer structure by collaborating with other leading enterprises [3] - Active business negotiations are conducted to ensure long-term win-win scenarios based on industry dynamics and customer feedback [3] Group 4: Performance Expectations and Market Outlook - The global market for power batteries and energy storage batteries is expected to grow, providing significant opportunities for the lithium battery cathode materials industry [3] - The company aims to enhance overall operational efficiency and profitability through deepened cooperation, cost reduction, and improved management [3] Group 5: Compliance and Risk Disclosure - The company adhered to information disclosure regulations during the investor communication, ensuring no undisclosed material information was leaked [3] - Any forecasts or strategic plans mentioned should not be interpreted as commitments or guarantees regarding the company's future performance [3]

Group 1 - The battery chemicals sector experienced a significant surge, with companies such as Fengyuan Co. and Shida Shenghua hitting the daily limit up [1] - Huasheng Lithium Battery and Haike New Source saw increases of over 10% [1] - Other companies including Tianli Lithium Energy, Xinde New Materials, Xiangfenghua, Wukuang New Energy, and Defang Nano also showed positive performance [1]