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"）接受富临精工股份有限公司（以下简称"公司"） 的委托，指派律师出席公司 2025 年第一次临时股东大会（以下简称"本次股东大会""本 次会议"）。 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 ...

证券代码：300432 证券简称：富临精工 公告编号：2025-076 富临精工股份有限公司 2025年第一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； 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10月29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年第一次临时股东大会。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。 3、会议召开日期和时间： 通过现场和网络投票的股东 1,223 人，代表股份 694,991,715 股，占公司有 表决权股份总数的 40.6485％。 其中：通过现场投票的股东 11 人，代表股份 677,385,020 股，占公司有表 决权股份总数的 39.6187％。 （1） ...

Group 1 - The phosphate chemical concept index rose by 4.25%, ranking fifth among concept sectors, with 51 stocks increasing in value [1][2] - Notable gainers included Taihe Technology, which hit the daily limit up at 20%, and Hunan Yuno, Fulin Precision, and Anda Technology, which rose by 13.32%, 11.11%, and 10.50% respectively [1][2] - The sector saw a net inflow of 2.563 billion yuan from main funds, with 34 stocks receiving net inflows, and 8 stocks exceeding 100 million yuan in net inflow [2][3] Group 2 - The leading stock in terms of net inflow was Huayou Cobalt, with a net inflow of 509 million yuan, followed by Fulin Precision, Luoyang Molybdenum, and Hebang Bio, with net inflows of 387 million yuan, 349 million yuan, and 291 million yuan respectively [2][3] - The stocks with the highest net inflow ratios included Hebang Bio, Weiling Co., and Taihe Technology, with net inflow ratios of 17.01%, 12.79%, and 12.68% respectively [3][4] - The overall market performance showed a mixed trend, with some stocks like Wansheng Co. and Jiankong Repair experiencing declines of 1.72% and 0.14% respectively [1][5]

Core Viewpoint - The lithium iron phosphate (LFP) industry is experiencing a significant recovery starting from Q3 2025, driven by strong downstream demand and improved capacity utilization across the sector [2][5]. Group 1: Industry Performance - In the first nine months of the year, Hunan Youneng reported LFP sales of 784,900 tons, a year-on-year increase of 64.86% [2]. - The overall capacity utilization in the LFP industry has improved, with major companies operating at high loads due to strong market demand [3][5]. - The cumulative installed capacity of power batteries in China reached 578 GWh from January to October, with LFP batteries accounting for 470.2 GWh, representing 81.3% of the total and a year-on-year growth of 59.7% [4]. Group 2: Market Dynamics - The LFP market is witnessing a "volume and price increase" trend, with companies like Andar Technology reporting a robust operational status and saturated orders [3]. - The demand for LFP batteries is being driven by the growth in the electric vehicle market and the acceleration of energy storage projects, particularly in renewable energy [4][5]. - The industry is expected to maintain high levels of prosperity until 2026, supported by policy incentives and strong market confidence [5]. Group 3: Financial Performance - Hunan Youneng achieved a net profit of 340 million yuan in Q3, a year-on-year increase of 235.31% [7]. - Companies like Wanrun New Energy and Longpan Technology have significantly reduced their losses, indicating an improvement in financial health [7]. - The overall profitability of LFP companies is expected to improve in 2026, as the industry moves towards a more balanced supply-demand structure [9]. Group 4: Future Outlook - Analysts predict that the LFP industry will see a reduction in losses and a return to profitability by mid-2026, as high-end capacity is gradually released to meet growing demand [9]. - The ongoing upgrade to high-pressure LFP technology is expected to enhance performance and broaden application scenarios, further supporting demand growth [5][6].

Group 1 - The Shenzhen Growth 40 Index has shown strong performance, with a 2.50% increase, and key stocks such as Upstream Electric and Zhongcai Technology have risen significantly, indicating a robust growth trend in the market [1][3] - The top three industries represented in the Shenzhen Growth 40 Index are Power Equipment and New Energy (31.10%), Basic Chemicals (13.74%), and Communications (12.51%), highlighting the sectors driving growth [1] - Domestic power battery installation volume reached 578 GWh from January to October this year, a year-on-year increase of 42.4%, while global energy storage battery shipments grew by 90.7% in the same period, indicating a strong upward trend in the battery industry [1] Group 2 - Citic Securities predicts that global energy storage installations will reach approximately 290 GWh by 2025 and could reach 1.17 TWh by 2030, showcasing significant growth potential in the energy storage sector [2] - The domestic energy storage industry chain is gaining a competitive edge, with increasing global market share in battery cells and storage systems, supported by favorable policies that are accelerating marketization [2] - The basic chemicals sector is expected to experience a cyclical recovery driven by profit improvements, with factors such as capacity cycle recovery and policy support contributing to this trend [2] Group 3 - The top ten weighted stocks in the Shenzhen Growth 40 Index account for 69.02% of the index, with leading companies including CATL and Xinyu Technology, indicating concentrated investment in key growth firms [3]

Core Insights - Fulin Precision Engineering Co., Ltd. has evolved into a leading player in the automotive parts sector in China, focusing on precision hydraulic and electromagnetic drive components, with plans to enhance its technological capabilities in 2024 [1][2] Innovation and Development - The company has a strong research and development capability, evidenced by its advanced products and smart manufacturing processes that improve efficiency and reduce costs [1][2] - Fulin Precision has invested significantly in talent development, fostering a culture of excellence and innovation, which has led to a high retention rate of skilled employees [2][3] Financial Performance - In the first three quarters of the year, the company's revenue reached 9.085 billion yuan, reflecting its robust market position and operational efficiency [2] Strategic Investments - The company plans to invest 1.196 billion yuan from 2024 to 2026 to enhance its high-end and smart manufacturing capabilities, particularly in the automotive engine parts sector [2][3] Automation and Technology - Fulin Precision has implemented automation in its production processes since 2008, achieving significant cost savings of approximately 20 million yuan annually through its "smart transformation" initiatives [3] - The Variable Valve Timing (VVT) product line has been recognized as a "champion product" in the manufacturing sector, highlighting the company's technological advancements [3] Industry Collaboration - The company collaborates with universities and research institutions to drive technological breakthroughs and extend its industrial chain, particularly in the robotics sector [4] Local Economic Impact - Fulin Precision's operations contribute to the local economy, with about 30% of its suppliers being local, enhancing the regional industrial ecosystem [4]

Core Insights - Fulin Precision Engineering Co., Ltd. has evolved into a leading player in the domestic automotive parts sector, focusing on precision hydraulic and electromagnetic drive components, and is set to integrate AI technology into its operations by 2024 [1][2] Innovation Breakthrough - The company has transitioned from imitation to innovation, establishing a research center in 2000 and achieving an annual production capacity of 5 million units by 2003 [2] - Fulin Precision has grown from a small enterprise to a national high-tech company with over 4,000 employees, emphasizing a culture of hard work and excellence [2][3] - In the first eight months of this year, its subsidiary, Sichuan Xinzhi Thermal Control Technology Co., Ltd., achieved a revenue of 450 million yuan, marking a 23% year-on-year increase [2] Business Performance - For the first three quarters of this year, the company's revenue reached 9.085 billion yuan, reflecting a 54.43% year-on-year growth [3] Smart Manufacturing - The company plans to invest 1.196 billion yuan from 2024 to 2026 to enhance its capabilities in high-end and smart manufacturing, aiming to meet the high precision and reliability demands of new energy vehicle components [4] - The production efficiency and capacity in the reducer workshop have improved by approximately 25% after the implementation of three new production lines [4] Technological Advancements - Fulin Precision has developed a variable valve timing (VVT) system, recognized as a "champion product" in the manufacturing sector, and has successfully launched an electric VVT to reduce engine emissions [5] - The company has established partnerships with several universities to enhance its technological capabilities, resulting in 334 authorized patents and 23 software copyrights in the automotive parts sector as of September this year [5] Industry Chain Extension - The company is collaborating with academic institutions to develop intelligent electric joints for robots, which is a strategic move to extend its industrial chain [6] - The technology used in automotive reducers is being adapted for robotic applications, significantly reducing the time required for technical development by about 40% [6] Regional Development - Mianyang city is actively promoting its AI industry, with Fulin Precision positioned as a key player in this initiative, benefiting from local policies and financial support [7] - The company has a procurement budget of approximately 3 billion yuan annually, with about 30% of its suppliers being local, enhancing its influence within the regional industrial ecosystem [7]

Core Insights - Fulin Precision Engineering Co., Ltd. has evolved into a leading player in the automotive parts sector in China, focusing on precision hydraulic and electromagnetic drive components, and is set to integrate its technology into smart robotics by 2024 [2][5] - The company has demonstrated strong growth, with a reported revenue of 90.85 billion yuan in the first three quarters of the year, marking a 54.43% increase year-on-year [5] - Fulin Precision is investing 1.196 billion yuan from 2024 to 2026 to enhance its capabilities in high-end and intelligent manufacturing, particularly in the electric vehicle parts sector [6] Innovation and Development - The company has a history of overcoming technological challenges since establishing its R&D center in 2000, achieving an annual production capacity of 5 million units by 2003 [3] - Fulin Precision has cultivated a strong corporate culture focused on excellence and innovation, which has contributed to its growth from a small enterprise to a national high-tech company with over 4,000 employees [3][5] - The company has made significant advancements in automation and smart manufacturing, achieving a 25% increase in production efficiency and capacity in its newly upgraded production lines [6] Product and Market Position - Fulin Precision's variable valve timing (VVT) products are recognized as key components in hybrid and fuel vehicles, with the company achieving mass production in 2009 after overcoming technical barriers [7] - The company has secured 334 patents and 23 software copyrights in the automotive parts sector, reflecting its commitment to innovation and technological advancement [7] Strategic Expansion - Fulin Precision is extending its industrial chain by developing smart electric joints for robots, leveraging its existing technology in automotive components [8] - The company has established a research lab for robotic electric joints, employing over 70 researchers to enhance its product offerings [8] - The local government in Mianyang is actively supporting the development of the robotics industry, which aligns with Fulin Precision's strategic goals [9][10]

Core Insights - Fulin Precision Engineering Co., Ltd. has evolved into a leading player in the domestic automotive parts sector, focusing on precision hydraulic and electromagnetic drive components, and is set to integrate AI technology into its operations by 2024 [1][4] - The company has demonstrated strong growth, with a reported revenue of 90.85 billion yuan in the first three quarters of the year, marking a 54.43% increase year-on-year [4] - Fulin Precision is investing 1.196 billion yuan from 2024 to 2026 to enhance its capabilities in high-end and intelligent manufacturing, particularly in the electric vehicle parts sector [5] Innovation and Development - The company has a history of overcoming technological challenges since establishing its R&D center in 2000, achieving an annual production capacity of 5 million units by 2003 [2] - Fulin Precision has cultivated a strong corporate culture focused on excellence and innovation, which has contributed to its growth from a small enterprise to a national high-tech company with over 4,000 employees [2][4] - The company has achieved significant production efficiency improvements, with a 25% increase in production capacity after upgrading its assembly lines [5] Product and Market Position - Fulin Precision's VVT (Variable Valve Timing) product line has been recognized as a "champion product" in the manufacturing sector, crucial for hybrid and fuel vehicles [6] - The company has secured 334 patents and 23 software copyrights in the automotive parts sector, reflecting its commitment to innovation and technology advancement [6] Strategic Expansion - Fulin Precision is extending its industrial chain by developing intelligent electric joints for robots, leveraging its existing technology in automotive components [7] - The company has established a dedicated R&D lab for robotic components, employing over 70 staff to enhance its product offerings in this new domain [7] - The local government in Mianyang is actively supporting the development of the AI industry, which aligns with Fulin Precision's strategic goals [8]

Core Viewpoint - The lithium iron phosphate (LFP) market is experiencing significant growth driven by strong demand in the electric vehicle and energy storage sectors, leading to increased competition among leading manufacturers for high-end production capacity [1][2][5]. Industry Demand and Growth - The demand for lithium iron phosphate in energy storage batteries is rising, with projections indicating that China's energy storage lithium battery shipments will reach 165 GWh in Q3 2025, a 65% year-on-year increase [2]. - In the first three quarters of this year, China's power battery cumulative installation reached 493.9 GWh, a 42.5% increase year-on-year, with LFP batteries accounting for 402.6 GWh, representing an 81.5% share and a 62.7% increase [2]. - The third quarter of this year showed strong demand for LFP, with companies reporting sufficient orders and high sales volumes [2][3]. Company Performance - Hunan Youneng reported Q3 revenue of 8.868 billion yuan, a 73.97% year-on-year increase, with net profit rising by 235.31% to 340 million yuan [3]. - Guizhou Anda Technology achieved Q3 revenue of 736 million yuan, a 79.63% increase, and a total revenue of 2.273 billion yuan for the first three quarters, up 109.02% year-on-year [3]. Supply Agreements and Contracts - Shandong Fengyuan Chemical announced a supply agreement to provide 100,000 tons of LFP materials to Chunan New Energy over the next three years [4]. - Hubei Wanrun secured a long-term order from CATL to supply 1.3231 million tons of LFP products from May 2025 to 2030 [4]. Market Trends and Innovations - The LFP industry is witnessing a strong trend in technological innovation, particularly in energy density, fast charging capabilities, and compaction density, leading to a structural boom in the market [6]. - High-end products with advanced features are in high demand, with companies like Hunan Youneng and Defang Nano reporting increased sales of their high-density LFP products [6]. Capacity Expansion and Globalization - Leading LFP manufacturers are initiating new rounds of capacity expansion, with companies like Fulin Precision Engineering planning to invest 4 billion yuan in a new high-density LFP project [7]. - Hunan Youneng is expanding its overseas production bases in Spain and Malaysia, with projects in the approval and preparation stages [8]. - The competitive landscape is shifting as leading companies leverage resource integration and scale advantages, while smaller firms face increasing challenges [8].