LOPAL(SH:603906) Ge Long Hui·2025-09-16 12:05Core Viewpoint - Longpan Technology has signed a significant procurement cooperation agreement with CATL for lithium iron phosphate cathode materials, which is expected to drive growth in the company's stock prices and market position [1] Company Summary - Longpan Technology's subsidiary, Lithium Source (Asia Pacific), has entered into a procurement cooperation agreement with CATL, covering the period from Q2 2026 to 2031 [1] - Following the announcement, Longpan Technology's A-shares hit the daily limit, closing at 17.07 yuan, while H-shares surged nearly 40% at one point, closing at 12.80 HKD, up 27.62% with a turnover rate of 141.68% [1] - The company's Indonesian lithium iron phosphate factory is currently the only one outside of China, having secured nearly 10 billion yuan in orders from LG Energy Solution last year [1] - Longpan Technology has a strong reputation and market share in lithium battery materials, focusing on R&D and production of lithium iron phosphate cathode materials [1] - The company is actively expanding its production capacity to meet the rapidly growing market demand, with plans to raise up to 2 billion yuan for high-performance phosphate cathode material projects in Shandong and Hubei [1] - Longpan Technology has secured sales contracts with BlueOval and EveEnergy, positioning itself to capitalize on the overseas demand for lithium iron phosphate [1] Industry Summary - The lithium iron phosphate battery market is experiencing robust growth, with expectations that China's lithium iron phosphate battery shipments will exceed 100 GWh by the end of the year [1] - The market for lithium iron phosphate batteries and their upstream materials is entering a rapid growth phase, driven by increasing demand in the domestic energy storage sector and the growth of lithium iron phosphate power batteries [1] - Longpan Technology's deep technical accumulation and market advantages in lithium iron phosphate cathode materials position it well to capture market opportunities during this favorable period [1] - Industry reports indicate that Longpan Technology's overseas capacity construction is ahead of competitors, and its deep ties with major clients enhance the certainty of capacity digestion [1]