603906，又签大单

Core Viewpoint - Longpan Technology has signed a long-term procurement agreement with Sunwoda's subsidiary in Thailand, with expected sales amounting to between 4.5 billion and 5.5 billion yuan, which is anticipated to positively impact the company's future performance [1][5]. Group 1: Agreement Details - The long-term procurement agreement stipulates that from 2026 to 2030, Longpan's subsidiary LBM New Energy will supply 106,800 tons of lithium iron phosphate cathode materials to Sunwoda Automotive Energy Technology (Thailand) [5]. - The total sales amount from this agreement is estimated to be between 4.5 billion and 5.5 billion yuan, subject to actual sales orders [5]. Group 2: Company Performance - Longpan Technology's main business segments include lithium iron phosphate cathode materials and automotive environmental fine chemicals, with the former's shipment volume ranking among the industry leaders [5]. - The company's losses in the lithium iron phosphate cathode materials business have been decreasing, indicating a positive trend in overall financial performance [5]. - For the first three quarters of 2024, Longpan reported a net profit attributable to shareholders of -303 million yuan, compared to -110 million yuan in the same period of 2025, showing a reduction in losses [5][6]. Group 3: Industry Context - Major players in the battery industry, such as CATL, have been frequently signing long-term supply agreements with upstream material suppliers to ensure supply chain stability [9]. - The lithium battery industry is experiencing a recovery in market conditions, prompting battery manufacturers to secure long-term agreements with material suppliers [9].