LOPAL(SH:603906) He Xun Wang·2025-06-02 23:46Core Viewpoint - Longpan Technology has disclosed a significant contract with EveEnergy, expecting sales to exceed 5 billion yuan from 2026 to 2030 through the supply of 152,000 tons of lithium iron phosphate cathode materials [1] Group 1: Contract Details - The contract is a product supply framework agreement between Longpan Technology's subsidiary, Liyuan (Asia Pacific), and EveEnergy, allowing for demand adjustments and quarterly pricing [1] - The total sales amount from the contract is projected to exceed 5 billion yuan [1] - The agreement is classified as a routine sales contract and does not require shareholder approval [1] Group 2: Company Performance and Market Context - Longpan Technology primarily engages in the production of lithium iron phosphate cathode materials and environmentally friendly fine chemicals for vehicles, serving the electric vehicle and energy storage battery sectors [1] - In 2024, Longpan Technology's revenue is projected to be 7.673 billion yuan, a year-on-year decrease of 12.10%, with a net loss of 636 million yuan [1] - The company reported a revenue of 1.592 billion yuan in Q1 2025, a year-on-year increase of 7.99%, with a net loss of 25.948 million yuan [1] Group 3: Industry Trends - The demand for lithium iron phosphate batteries is expected to grow globally due to the increasing installation capacity in the power and energy storage markets [1] - Longpan Technology has previously signed a five-year supply agreement with LGES for the sale of 260,000 tons of products from 2024 to 2028 [1] - Earlier in January, Liyuan (Asia Pacific) entered into a supply agreement with BlueOval for the sale of lithium iron phosphate materials from 2026 to 2030 [1]