Xingfa Chem(SH:600141) Shang Hai Zheng Quan Bao·2025-12-04 20:14Core Viewpoint - The company has signed a processing agreement with Qinghai Fudi to produce 80,000 tons per year of lithium iron phosphate, which is expected to positively impact the company's performance [2][4][12] Group 1: Agreement Overview - The agreement is between Hubei Xingsheng New Materials Co., Ltd. and Qinghai Fudi Industrial Co., Ltd. for the processing of lithium iron phosphate [2][4] - The processing fee will be paid by Qinghai Fudi, and the agreement has a duration of two years with an option for a one-year extension [2][4] - This agreement does not require approval from the company's board or shareholders and is not classified as a related party transaction or a major asset restructuring [2][4] Group 2: Counterparty Information - Qinghai Fudi is a wholly-owned subsidiary of BYD Co., Ltd., established on July 20, 2016, with a registered capital of 100 million yuan [5][6] - The company specializes in battery manufacturing, electronic materials, and recycling of used batteries [5] Group 3: Impact on Company - The agreement is seen as a recognition of the company's lithium iron phosphate production technology and product quality, which will help in accumulating production experience and expanding customer resources [12] - The company's main business includes fine phosphorus chemical products, and it has recently entered the new energy sector, with the new energy segment accounting for approximately 3% of total revenue from January to September 2025 [12] - The execution of this agreement is expected to enhance the capacity of the new energy segment and positively influence the company's operational performance [12]