FENGYUAN(SZ:002805) Zheng Quan Shi Bao Wang·2025-10-20 12:35Core Viewpoint - The company has signed a framework agreement with Chunan New Energy for the supply of 100,000 tons of lithium iron phosphate cathode materials over three years, which is expected to enhance its market position and operational performance [1][4]. Group 1: Agreement Details - The agreement will commence on September 20, 2025, and run until December 31, 2028, with provisions for potential renewal based on cooperation outcomes [1]. - The pricing mechanism for the supplied products will be based on previously agreed prices or standards, with adjustments possible through supplementary agreements in case of significant market changes [1]. Group 2: Product and Market Context - The company’s existing lithium battery cathode materials include lithium iron phosphate and ternary materials, with applications in energy storage and power lithium batteries [2]. - The company reported a total revenue of 723 million yuan in the first half of 2025, but faced a net loss of 243 million yuan due to increased competition and operational challenges [3]. Group 3: Strategic Implications - The partnership with Chunan New Energy is seen as a recognition of the company's capabilities and is expected to foster a long-term, stable relationship that benefits both parties [4]. - Successful execution of this agreement is anticipated to strengthen the company's industry position, enhance competitiveness, and support sustainable development, aligning with long-term goals [4].