CNCEC(SH:601117) Zheng Quan Ri Bao Wang·2025-11-19 06:06Core Insights - The lithium battery industry is experiencing strong growth, with China's lithium-ion battery exports reaching $55.38 billion from January to September 2025, a year-on-year increase of 26.75% [1] - The domestic penetration rate of new energy vehicles has surpassed 45%, and energy storage installations have surged by 60% year-on-year, indicating a potential industry output value exceeding 3 trillion yuan [1] - However, the phosphoric iron lithium materials sector is facing structural challenges, including overcapacity and intense homogenization competition, leading to significant pressure on profits [1] Cost Structure Analysis - The average cost range for phosphoric iron lithium materials is estimated to be between 15,714.8 yuan/ton and 16,439.3 yuan/ton (excluding tax), based on a single sintering process and specific density parameters [2] - The cost structure reveals that the main material accounts for 35%-40% of total costs, with energy costs and direct expenses each contributing approximately 19%, while period expenses account for 16% and auxiliary material costs only 5%-6% [2] Strategies for Improvement - Industry participants discussed various strategies for cost reduction and innovation, including establishing long-term procurement partnerships with upstream suppliers and implementing centralized purchasing to lower main material costs [3] - Optimizing sintering processes to enhance energy efficiency and reduce production losses, as well as streamlining management structures to control period expenses, were highlighted as key areas for improvement [3] - Research into alternative materials for carbon sources and binders was suggested to further reduce costs while maintaining performance, addressing the high proportion of main material costs [3]