富临精工（300432）公告，公司副总经理杜俊波因工作调整需要，申请辞去副总经理职务。杜俊波辞职 后将继续在公司控股子公司任职。截至公告披露日，杜俊波持有公司股份56.7万股，占公司总股本的 0.03%。杜俊波辞职不会对公司正常运作及经营管理产生影响。 ...

富临精工股份有限公司 富临精工股份有限公司 关于公司副总经理辞职的公告 董事会 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。 富临精工股份有限公司（以下简称"公司"）董事会于近日收到公司副总 经理杜俊波先生的书面辞职报告。杜俊波先生因工作调整需要，申请辞去公司 副总经理职务。辞职后杜俊波先生将继续在公司控股子公司任职，其辞职不会 对公司的正常运作及经营管理产生影响。根据《公司法》《公司章程》及有关 法律法规的规定，杜俊波先生的辞职报告自送达公司董事会之日起生效。 证券代码：300432 证券简称：富临精工 公告编号：2025-039 截至本公告披露日，杜俊波先生持有公司股份567,000股，占公司总股本的 0.03%。杜俊波先生离任后将继续遵守《证券法》《公司章程》《深圳证券交易 所上市公司自律监管指引第2号——创业板上市公司规范运作》等法律、法规的 规定，对所持公司股份进行管理。 公司董事会对杜俊波先生在任职期间为公司所做出的贡献表示衷心感谢！ 特此公告。 2025 年 6 月 20 日 ...

Core Viewpoint - The article highlights significant developments in the lithium battery industry, including major supply agreements, production expansions, and market price trends for key materials [3][4][5][6]. Group 1: Major Supply Agreements - LG Energy Solution has signed a six-year supply agreement with Chery Automobile for 8 GWh of 46-series cylindrical batteries, marking the first such contract between a Korean battery manufacturer and a Chinese automaker [3]. - Farasis Energy has begun supplying its 4680 cylindrical batteries to BMW for its global electric vehicle platform, with plans for increased production capacity at its facilities [4]. Group 2: Production and Investment Developments - Ruipai New Energy is nearing the completion of a project to produce 50,000 tons of lithium iron phosphate cathode materials, with the first production line expected to start by the end of June [5]. - Foshan Fospower Technology Group is acquiring Hebei Jinli New Energy Technology, with a total transaction value of 5.08 billion yuan [6]. Group 3: Lithium Material Market Conditions - The domestic lithium carbonate market price is hovering around 60,000 yuan per ton, with expectations of slight downward adjustments due to increased production and inventory digestion by downstream manufacturers [8][9]. - The price of ternary materials remains stable but may face reductions in July if new orders do not materialize [9][10]. - Phosphate lithium prices are stable, with significant production increases expected from companies like Fulin Precision Engineering [10][11]. Group 4: Battery and Electric Vehicle Market Trends - In June, domestic battery manufacturers are maintaining good production levels, with expectations for a slight decline in overall operating rates if no new projects arise [16]. - The sales of passenger vehicles reached 450,000 units, with new energy vehicle sales at 245,000 units, reflecting a year-on-year increase of 37.88% [18]. - Recent policy discussions in Hunan regarding energy storage pricing indicate a potential decline in competitive pricing for new projects [19].

Core Viewpoint - The lithium iron phosphate (LFP) market is experiencing a downward price trend while witnessing a surge in large orders from major companies like Longpan Technology, Wanrun New Energy, and Fulian Precision Engineering, with industry giants such as CATL and BYD actively expanding their positions in the market [1][3]. Group 1: Market Dynamics - The recent large orders are driven by strong market demand and the current low prices of lithium iron phosphate, which highlight cost advantages [3]. - From January to May this year, the cumulative installation of power batteries in China increased by 50.4%, with LFP batteries accounting for 81.4% of the total [3]. - In 2024, LFP batteries are expected to represent 92.5% of global energy storage batteries [3]. Group 2: Company Collaborations - Fulian Precision Engineering's subsidiary signed a supplementary agreement with CATL, where CATL prepaid 500 million yuan to support capacity construction, and Jiangxi Shenghua committed to prioritize CATL's needs from 2025 to 2029, with a promise to purchase no less than 80% of the committed capacity annually [3]. - Wanrun New Energy will supply approximately 1.3231 million tons of lithium iron phosphate to CATL from May 2025 to May 2030, with a total transaction amount exceeding 40 billion yuan [3]. - Longpan Technology signed a supply agreement for 150,000 tons with Chuangneng New Energy in May, with an expected amount exceeding 5 billion yuan, and another sales agreement exceeding 5 billion yuan with EVE Energy's overseas subsidiary [3]. Group 3: Product Development and Industry Trends - The collaboration between Wanrun New Energy and CATL aims to advance the iteration and mass production of high-voltage dense lithium iron phosphate products [4]. - Longpan Technology's fourth-generation high-voltage dense lithium iron phosphate cathode material is expected to gradually ramp up production in the second half of the year, with a price premium of 2,000 to 3,000 yuan per ton compared to standard third-generation products [4]. - Industry experts predict that while LFP prices may remain weak in the short term, the industry will shift from price competition to value competition, leading to the accelerated exit of outdated production capacities [4].

Group 1: Electric Vehicles - The report anticipates a 22% year-on-year increase in domestic new energy vehicle sales in 2025, driven by policies such as trade-in incentives, new model releases, and price reductions [2][16][22] - In Europe, the electric vehicle market is expected to grow by 22% in 2025, supported by carbon emission regulations and ongoing subsidies [2][18][22] - The global demand for power batteries is projected to grow at a rate of 25% in 2025, with a significant increase in battery capacity requirements due to enhanced vehicle range [22][24] Group 2: Wind Power - The domestic wind power market is expected to see a significant increase in installed capacity, with new installations projected at 100 GW for land-based and 12 GW for offshore wind in 2025, representing year-on-year growth of 23% and 114% respectively [3][4] - Internationally, the wind power market is forecasted to grow at a CAGR of 16.7% from 2025 to 2030, driven by increased policy support [3] - The report highlights opportunities in offshore wind and related supply chains, including wind turbines, piles, and submarine cables [3] Group 3: Photovoltaics - The report expects global photovoltaic installations to reach 530-560 GW in 2025, with a year-on-year growth of 0-6%, influenced by domestic demand and emerging markets [4] - Supply-side reforms are anticipated to play a crucial role in reshaping the industry, with a key window for these reforms expected between the second half of 2025 and the first quarter of 2026 [4] - New technologies such as bifacial cells and metallization processes are highlighted as areas of interest for future growth [4] Group 4: Energy Storage - The domestic energy storage market is projected to grow by 17% year-on-year in 2025, supported by strong bidding data and the advancement of market-oriented electricity pricing [5] - In the U.S., energy storage installations are expected to increase by 23% in 2025, despite concerns over subsidy reductions [5] - The European market is forecasted to see a 36% increase in energy storage installations in 2025, with significant contributions from large-scale commercial storage [5] Group 5: Industrial Control - The industrial control sector is experiencing a recovery, with growth expected in 2025 due to increased demand from traditional and new energy industries [9] - The report emphasizes the potential of humanoid robots and AIDC (Automatic Identification and Data Capture) technologies as key areas for investment [9] - Companies involved in high-value components and new technologies, such as PEEK materials and disc motors, are recommended for attention [9]

Core Viewpoint - The recent increase in registered capital of Fulin Precision Engineering Co., Ltd. from approximately 1.2 billion RMB to about 1.7 billion RMB, a 40% increase, indicates shareholder confidence in the company's future prospects [2][3]. Group 1: Company Overview - Fulin Precision was established in November 1997 and is primarily involved in the research, production, and sales of automotive engine components, intelligent electric control for new energy vehicles, lithium battery cathode materials, and robotics [2]. - The increase in registered capital suggests that the company is planning to expand its business scale, with a focus on high-pressure lithium iron phosphate and robotics [3]. Group 2: High-Pressure Lithium Iron Phosphate Market - High-pressure lithium iron phosphate has become a key direction in the "fast charging competition" among battery companies, with demand projected to reach 730,000 tons by 2025 [5]. - The current production methods for high-pressure lithium iron phosphate mainly include the phosphoric acid method and the oxalic acid iron method, with the latter being led by Fulin Precision [7]. Group 3: Production Capacity and Technology - Fulin Precision's subsidiary, Jiangxi Shenghua, currently has a production capacity of 215,000 tons of high-density lithium iron phosphate cathode materials, which is expected to increase to 300,000 tons within the year [7][8]. - The oxalic acid iron method offers advantages such as finer and more uniform particles, improved material density, and lower energy consumption compared to traditional methods, despite being 2,000 RMB per ton more expensive [7].

Core Viewpoint - The recent capital increase of 富临精工股份有限公司 aims to optimize the company's capital structure and support future business expansion, reflecting a strategic move to enhance its operational capabilities and market position [1]. Group 1: Company Overview - 富临精工 was established in 1997 and went public on the Shenzhen Stock Exchange in 2015, focusing initially on automotive parts and later diversifying into lithium battery cathode materials and robotics [1]. - The company has formed a dual business model of "automotive parts + lithium battery cathode materials" and is actively expanding into the robotics sector [1]. Group 2: Lithium Iron Phosphate Cathode Business - 富临精工's subsidiary, 江西升华, has become a leading enterprise in high-pressure dense lithium iron phosphate, with a significant partnership with 宁德时代 [2]. - In 2024, the revenue from high-pressure dense lithium iron phosphate products is projected to reach 48.29 billion RMB, marking a year-on-year growth of 71.99%, with a gross margin of 3.89%, an increase of 20.76 percentage points [3]. - 江西升华 plans to introduce strategic investor 宁德时代 through a capital increase, with 宁德时代 investing 400 million RMB for an 18.7387% stake, while maintaining 江西升华 as a subsidiary [4]. - A recent agreement between 江西升华 and 宁德时代 has doubled the production capacity to 160,000 tons and extended the cooperation period from three to five years [4]. Group 3: Production Capacity and Market Demand - 江西升华 currently has a production capacity of 215,000 tons of high-pressure dense lithium iron phosphate, expected to increase to 300,000 tons within the year [5]. - The company achieved profitability in Q1 2025, with a net profit growth of 211.85% to 124 million RMB, and has delivered nearly 40,000 tons of products from January to May, with projected revenue exceeding 1.5 billion RMB for the first half of the year [5]. - The company is focusing on expanding its product line and enhancing performance to meet the high-end market demands [5]. Group 4: Robotics Sector Development - In 2023, the company proactively entered the humanoid robotics sector, targeting the joint module assembly market, which has significant growth potential [7]. - A joint venture for humanoid robotics was established with 智元机器人, and an investment agreement was signed to build a research and production base for intelligent robotic joints in 四川 [8]. - The company has begun small-scale production of related products, with expectations for mass supply in 2025, positioning itself as a core component supplier for domestic robot manufacturers [9]. Group 5: Future Growth Potential - The expansion of high-pressure dense lithium iron phosphate products is expected to drive market share growth, with improved profitability through economies of scale and integrated raw material sourcing [6]. - The company has established a broad customer base in the new energy vehicle sector, including major players like 比亚迪, 华为, 吉利, and others, indicating a strong market presence [6].

Group 1 - The company, Fulin Precision Engineering Co., Ltd., has applied for a patent for a "damping control solenoid valve with a normally open main valve" [1] - The patent application was filed on April 2025, and the publication number is CN120140506A [1] - The solenoid valve design features a structure that allows for lower oil pressure at the inlet, enhancing its hydraulic characteristics [1] Group 2 - Fulin Precision Engineering Co., Ltd. was established in 1997 and is located in Mianyang, primarily engaged in the automotive manufacturing industry [2] - The company has a registered capital of 1.220861316 billion RMB [2] - Fulin has invested in 14 companies and participated in 84 bidding projects, holding 461 patents and 18 trademark registrations [2]

Group 1: Battery Industry Developments - Shenzhen has initiated the development of local standards for heavy-duty truck battery swapping systems, requiring completion by December 31, 2026, to promote standardization and interoperability in new energy commercial vehicle infrastructure [3] - Source Energy has signed an agreement to establish a solid-state battery industrial base in Hangzhou with a total investment of 2.5 billion yuan, aiming for an annual output value of 5 billion yuan upon reaching full production [4] - Tianhong New Materials has achieved full production capacity of its lithium battery separator production lines, reaching an annual capacity of 650 million square meters, with a focus on ultra-thin and semi-solid battery separators [7] Group 2: Material Supply Agreements - Fulin Precision has signed a supplementary agreement with CATL for a 500 million yuan advance payment to support its production facilities, ensuring that 100% of its capacity from 2025 to 2029 will prioritize materials for CATL [10] - Guangdong Dongdao has received approval for its application to list on the New Third Board, with a total of 60,190,287 shares to be publicly traded, focusing on lithium-ion battery anode materials [12] Group 3: International Collaborations - Wanhua Chemical has signed a memorandum of cooperation with European lithium iron phosphate battery manufacturer ElevenEs to supply key battery materials and support its production base in Serbia, marking a significant step in Wanhua's global strategy [14]

Core Viewpoint - The cooperation between Fulin Precision (富临精工) and CATL (宁德时代) has significantly expanded, with a focus on increasing lithium iron phosphate (磷酸铁锂) production capacity and extending the cooperation period, which is expected to enhance the company's financial performance and market position [1][2][3]. Group 1: Cooperation Agreement - Fulin Precision's subsidiary, Jiangxi Shenghua, signed a supplementary agreement with CATL, increasing the annual production capacity from 7.5 million tons to 16 million tons at the Jiangxi base and adding 20 million tons at the Sichuan phase three [2][3]. - CATL will pay a prepayment of 500 million yuan to support the capacity expansion, with a commitment to complete the Jiangxi base construction by April 30, 2025, and achieve an annual production capacity of 80,000 tons by June 30, 2025 [2][3]. - The cooperation period has been extended from three years (2025-2027) to five years (2025-2029), with annual procurement quantities adjusted to be no less than 80% of the promised capacity [2][3]. Group 2: Financial Performance - In Q1 2025, Fulin Precision's lithium iron phosphate business turned profitable, achieving a net profit of 124 million yuan, a year-on-year increase of 211.85% [1][5]. - The company's total revenue for 2024 reached 8.47 billion yuan, a year-on-year growth of 47.02%, with a net profit of 397 million yuan, recovering from a loss of 543 million yuan in 2023 [5]. - The net profit has shown a continuous doubling trend over three consecutive quarters, with significant increases of 326.4% and 161.23% in Q3 and Q4 of 2024, respectively [5]. Group 3: Market Position and R&D Investment - Fulin Precision's revenue from automotive parts has steadily increased from 1.788 billion yuan in 2020 to 3.641 billion yuan in 2024, more than doubling over four years [4]. - The company has consistently increased its R&D investment, with expenditures rising from 181 million yuan in 2022 to 220 million yuan in 2024, totaling 605 million yuan over three years [4]. - As of June 6, 2025, Fulin Precision's stock price reached 13.14 yuan per share, approximately 1.7 times higher than a year ago, with a total market value of 22.466 billion yuan [5].