Xin Lang Cai Jing·2025-12-20 06:21Core Viewpoint - The lithium battery materials market is experiencing a surge in demand, leading companies to secure long-term contracts, known as "locking orders," to ensure supply stability and capitalize on rising prices [3][7][19]. Group 1: Company Developments - Shengxin Lithium Energy announced a framework agreement with Zhongchuang Xinhang to supply 200,000 tons of lithium salt products from 2026 to 2030, with an estimated contract value exceeding 20 billion yuan based on current lithium carbonate prices [3][13]. - The company has previously signed a similar agreement with Huayou Holding Group for the supply of 221,400 tons of lithium salt products over the same period [3][13]. - Shengxin Lithium Energy is also deepening relationships with core customers through a combination of product cooperation and equity binding, planning to raise up to 3.2 billion yuan to enhance liquidity and repay debts, with strategic investments from Huayou and Zhongchuang [5][15]. Group 2: Market Trends - The lithium battery industry is witnessing a "locking order" trend, where companies across the supply chain are securing long-term contracts to ensure material availability [7][17]. - Significant contracts have been signed in the industry, including a 10-year strategic cooperation agreement between Haibo Shichuang and CATL, with a procurement volume of no less than 200 GWh from 2026 to 2028 [8][18]. - The demand for lithium batteries is driven by the rapid growth of the electric vehicle and energy storage sectors, with global power battery installation reaching 811.7 GWh in the first three quarters of the year, a 34.7% increase year-on-year [19]. Group 3: Financial Performance - Shengxin Lithium Energy reported a significant recovery in Q3, achieving revenue of 1.481 billion yuan, a year-on-year increase of 61.07%, and a net profit of 88.719 million yuan, marking a turnaround from previous losses [6][16].