Shang Hai Zheng Quan Bao·2025-09-29 12:33Group 1 - The core point of the article is that Fulin Precision (富临精工) and CATL (宁德时代) are jointly increasing capital in Fulin's subsidiary, Jiangxi Shenghua New Materials (江西升华), with Fulin investing 1 billion yuan and CATL investing 2.56 billion yuan, resulting in CATL holding a 51% stake in Jiangxi Shenghua and Fulin holding 47.4096% [2][3][5] - The capital increase aims to enhance the strategic partnership between Fulin and CATL, accelerate the development of high-quality lithium iron phosphate products, and improve Jiangxi Shenghua's competitiveness and profitability [3][4][6] - Jiangxi Shenghua is recognized as a national high-tech enterprise with extensive experience in the research, production, and sales of high-pressure dense lithium iron phosphate cathode materials, and it is a pioneer in the oxalic acid iron technology route [4][6] Group 2 - The transaction is expected to constitute a significant asset restructuring under the regulations of the Management Measures for Major Asset Restructuring of Listed Companies, requiring board and shareholder approval, as well as regulatory approval [4] - The high-pressure dense lithium iron phosphate market is experiencing rapid growth, with GGII data indicating that by the first half of 2025, the installation volume of lithium iron phosphate batteries is projected to reach 81.4% of the total installation volume [6][7] - Jiangxi Shenghua's production process utilizes a solid-phase method combined with the oxalic acid iron route, which is more energy-efficient and simpler compared to traditional methods, giving it a competitive edge in the market [7]