每经AI快讯，1月5日，盐湖提锂板块震荡走高，藏格矿业盘中创新高，盐湖股份涨停，倍杰特、亿纬 锂能、川恒股份、富临精工、盛新锂能跟涨。 （文章来源：每日经济新闻） ...

2025 年第二次临时股东大会的法律意见书 北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.: 010-50867666 传真/Fax: 010-56916450 网址/Website: www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于富临精工股份有限公司 康达股会字【2025】第 0562 号 致：富临精工股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股东会规 则》"）以及《富临精工股份有限公司章程》（以下简称"《公司章程》"）的规定，北 京市康达律师事务所（以下简称"本所"）接受富临精工股份 ...

2025年第二次临时股东大会决议公告 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。 特别提示： 1、本次股东大会没有否决、增加或变更议案的情况发生； 证券代码：300432 证券简称：富临精工 公告编号：2025-088 富临精工股份有限公司 2、本次股东大会不涉及变更前次股东大会决议的情况； 3、本次股东大会采用现场投票与网络投票表决相结合的方式表决。 一、会议召开和出席情况 （一）会议召开情况 2025年12月16日，富临精工股份有限公司（以下简称"公司"）董事会以公 告形式通知召开公司2025年第二次临时股东大会。详见中国证监会指定的创业板 信息披露网站上的公告。本次会议具体召开情况如下： 1、会议召集人：公司董事会。 2、会议召开方式：采取现场投票与网络投票相结合的方式。 （1）现场会议时间：2025年12月31日（星期三）下午14:30； （2）网络投票时间：2025年12月31日； 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年12 月31日上午9:15-9:25，上午9:30-11:30和下午13:00-15:00；通过深 ...

Core Viewpoint - CATL's renewed investment enthusiasm in upstream resources is driven by the industry's recovery, particularly through its significant stake acquisition in Jiangxi Shenghua, which enhances its supply chain security and prepares for upcoming capacity expansions [3][14]. Investment in Jiangxi Shenghua - CATL and Fulin Precision jointly invested in Jiangxi Shenghua, with CATL contributing approximately 2.56338 billion yuan, resulting in a 51% ownership stake for CATL and 47.4096% for Fulin Precision [4]. - CATL's interest in Jiangxi Shenghua has been substantial this year, with multiple rounds of investment, including an initial stake acquisition in March and a prepayment of 500 million yuan in June to support project construction [5][6]. Technological Advantages - Jiangxi Shenghua employs a solid-phase method combined with oxalic acid iron technology, which is considered a leading domestic technique for high-pressure lithium iron phosphate production, offering advantages such as lower energy consumption and reduced carbon footprint [7]. Market Dynamics - The industry is experiencing a trend of production cuts by several companies, which is leading battery manufacturers to secure orders in advance to mitigate price increases. This reflects a continued effort to stabilize the lithium iron phosphate market [9]. - Long-term contracts provide market security but may also hinder price transmission, indicating a complex market environment [10]. Investment Strategy Changes - CATL's investment strategy has diversified since 2018, with significant investments in upstream lithium resources, but it has also seen a trend of divestment in response to declining lithium carbonate prices [12][13]. - Recent investments in Jiangxi Shenghua indicate a shift in CATL's perspective on upstream resources, suggesting a readiness to capitalize on industry recovery [13][14].

1、本次股东股份解除质押基本情况 | 股东名称 | 是否为控股 股东及其一 致行动人 | 本次解除质押 股份数量（股） | 占其所 持股份 比例 | 占公司 总股本 比例 | | 起始日 | | | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 7,980,000 | 1.54% | 0.47% | 2025 | 年 1 月 | 14 日 | 2025 年 | 12 月 26 日 | 中信证券股份有 | | 四川富临实 | | | | | | | | | | 限公司 | | 业集团有限 公司 | 是 | 3,430,000 | 0.66% | 0.20% | 2025 | 年 4 月 | 16 日 | 2025 年 | 12 月 26 日 | 中信证券股份有 限公司 | | | | 2,280,000 | 0.44% | 0.13% | 2025 | 年 4 月 | 16 日 | 2025 年 | 12 月 29 日 | 中信证券股份有 限公司 | | | 合计 | 13,690,0 ...

截至12月30日收盘，汽车热管理概念上涨1.43%，位居概念板块涨幅第5，板块内，44股上涨，三花智 控、ST八菱等涨停，恒勃股份、硕贝德、三协电机等涨幅居前，分别上涨11.95%、10.71%、9.13%。跌 幅居前的有超捷股份、银邦股份、朗进科技等，分别下跌7.97%、6.66%、2.38%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 减速器 | 2.86 | 海南自贸区 | -4.06 | | 人形机器人 | 1.94 | 免税店 | -2.74 | | PEEK材料 | 1.82 | 自由贸易港 | -2.04 | | 同花顺果指数 | 1.64 | BC电池 | -1.84 | | 汽车热管理 | 1.43 | 钙钛矿电池 | -1.63 | | 特斯拉概念 | 1.40 | 信托概念 | -1.57 | | 中国AI 50 | 1.37 | HJT电池 | -1.47 | | 快手概念 | 1.22 | 房屋检测 | -1.35 | | 工业母机 | 1.21 | 建筑节能 | -1.31 ...

资料显示，江西升华磷酸铁锂正极材料采用固相法+草酸亚铁工艺路线，该技术以二价铁源为原料，与其他采用三价铁源的路线比较，草酸亚铁 工艺仅为一次烧结，不需要进行碳热还原反应，材料碳包覆均匀，制成工艺简单，能耗相对更低，生产设备占用相对更少。 公司现有高压实密 度磷酸铁锂产能30万吨。 江西升华凭借产品技术性能具有高压实密度，高比容量、长循环寿命等优势，高压密磷酸铁锂产品在市场中占据领先地位，是我国磷酸铁锂出货 量前十企业之一。 鑫椤报告预售： 关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤储能 资讯~ 12月26日，富临精工（300432）披露子公司江西升华新材料有限公司（以下简称"江西升华"）增资扩股暨筹划重大资产重组进展。 公告显示，富临精工与宁德时代（300750）拟共同对江西升华实施增资扩股， 其中，富临精工计划增资10亿元，认购江西升华新增注册资本 813,008,130元；宁德时代拟增资25.6338亿元，认购新增注册资本2,084,048,870元。本次交易完成后，宁德时代将持有江西升华51.0000% 的股权，富临精工的持股比例则为47.4096%。 本次增资，旨在 ...

Core Viewpoint - The lithium iron phosphate (LFP) industry is facing significant operational pressure due to rising raw material costs and challenges in passing price increases to downstream battery manufacturers, leading to collective production cuts among major companies in the sector [2][4]. Group 1: Production Cuts - Five major LFP companies, including Wanrun New Energy and Hunan Youneng, announced production cuts scheduled for January 2026, with reductions ranging from 35% to 50% [2][3]. - Long-term contracts ("long orders") provide some market security for LFP companies, but challenges remain in transmitting raw material price increases [2][4]. - The collective production cuts are seen as a necessary measure to support pricing amid unfavorable market conditions [4][5]. Group 2: Market Dynamics - The average market price for LFP in November was 14,704.8 yuan per ton, while production costs ranged from 16,798.2 yuan to 17,216.3 yuan per ton, indicating a widening gap between costs and prices [5]. - Despite high demand and increased operational rates, most LFP companies are still operating at a loss, with only a few exceptions like Hunan Youneng and Fulian Precision [5][6]. - The industry is characterized as being in a "sandwich" position, squeezed by rising raw material costs and resistance from downstream customers to accept price hikes [2][5]. Group 3: Expansion Trends - A new wave of capacity expansion is emerging in the LFP sector, with companies like Ningde Times and Wanhua Chemical investing heavily in new production projects [7][8]. - Ningde Times' subsidiary, Bangpu Recycling, launched a new LFP project with an annual capacity of 450,000 tons, while Wanhua Chemical plans to build a 650,000-ton LFP project in Shandong [7][8]. - The influx of new entrants and expansion by existing players raises concerns about potential oversupply in the market, especially as the industry has not fully recovered from previous losses [7][8].

证券代码：300432 证券简称：富临精工 公告编号：2025-086 富临精工股份有限公司 关于子公司增资扩股暨筹划重大资产重组的进展公告 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。 特别提示： 一、本次交易概述 为进一步提升公司与宁德时代的战略合作关系，加快推进江西升华在优质磷 酸铁锂产品研发与生产、国际化拓展、供应链升级及储能市场发展等方面进程， 进一步通过双方战略投资提升江西升华的资本实力和综合竞争力。公司与宁德时 代拟共同对公司子公司江西升华增资扩股，公司拟增资人民币1,000,000,000元， 1 认购江西升华新增注册资本人民币813,008,130元，宁德时代拟增资人民币 2,563,380,110元，认购江西升华新增注册资本人民币2,084,048,870元。本次交 易完成后，宁德时代持有江西升华的股权比例为51.0000%，公司持有江西升华的 股权比例为47.4096%。详见公司于2025年9月29日披露的《关于子公司增资扩股 暨筹划重大资产重组的提示性公告》（公告编号：2025-064）。 二、本次交易的进展情况 2025 年 10 ...

Core Insights - The report highlights a sustained high growth in electric vehicle (EV) sales across nine European countries in November 2025, with a total of 281,000 new energy vehicles sold, representing a year-on-year increase of 38.6% and a penetration rate of 34.3%, up by 9.0 percentage points [1][2]. Group 1: Sales Performance - In November 2025, battery electric vehicle (BEV) sales reached 190,000 units, marking a year-on-year increase of 40.5%, while plug-in hybrid electric vehicle (PHEV) sales totaled 91,000 units, up by 35.0% [1][2]. - Germany's BEV sales were 56,000 units, a significant year-on-year increase of 58.5%, and PHEV sales were 32,000 units, up by 57.4% [2][3]. - France's BEV sales reached 34,000 units, reflecting a year-on-year growth of 47.5%, with a penetration rate of 25.8%, an increase of 8.4 percentage points [3]. Group 2: Market Drivers - The implementation of subsidies in France and Italy has led to a rapid increase in BEV sales, with Italy experiencing a remarkable year-on-year growth of 131.4% in BEV sales, totaling 15,000 units [3]. - The UK has restarted EV subsidies and is under pressure from zero-emission vehicle (ZEV) targets, which is expected to sustain growth in EV sales in the coming months [2][3]. - Norway is anticipated to see a surge in electric vehicle purchases as the year-end approaches, driven by consumer demand [1][2]. Group 3: Future Outlook - The European Commission's proposal to adjust the 2035 emission reduction targets is not expected to hinder the long-term trend of electrification in Europe; instead, it may promote sales of small electric vehicles [4]. - New generations of pure electric models are set to be launched by various automakers from late 2025 to the first half of 2026, which is likely to boost the European EV market [4]. Group 4: Investment Recommendations - Investment recommendations include companies involved in lithium batteries, lithium materials, battery structural components, power/electric drive systems, automotive safety components, and charging infrastructure [4]. - Specific companies recommended for investment in lithium batteries include CATL, EVE Energy, and Xinwangda, while lithium material companies include Hunan Youneng and Tianci Materials [4].