超450亿元！603906，锂电大单

Core Viewpoint - Longpan Technology has revised its total sales amount with Chuangneng New Energy from over 5 billion to over 45 billion RMB, indicating a significant increase in expected revenue from this partnership [2][9]. Group 1: Contract Details - Longpan Technology's subsidiaries signed a supplementary agreement with Chuangneng New Energy, which modifies the previous procurement agreement [5][7]. - The original agreement stipulated the sale of 150,000 tons of lithium iron phosphate cathode materials from April 30, 2025, to April 30, 2030, while the new agreement extends this to a total of 1.3 million tons until December 31, 2030 [8][9]. Group 2: Financial Impact - The total sales amount from the original and supplementary agreements is expected to exceed 45 billion RMB, with the final amount to be settled based on actual sales orders [9]. - The signing of the supplementary agreement is not expected to have a significant impact on Longpan Technology's performance in 2025, but it will help establish long-term stable relationships with downstream partners [9]. Group 3: Industry Context - Lithium iron phosphate is the most widely used cathode material in lithium batteries, and Longpan Technology's domestic clients include leading battery manufacturers such as CATL and A123 Systems [10]. - In the first ten months of 2025, Chuangneng New Energy ranked 13th in domestic power battery installation volume, with a total of 4.24 GWh [10][11].