FULIN. PM(SZ:300432) Chang Jiang Shang Bao·2026-01-06 23:49Core Viewpoint - The lithium iron phosphate (LFP) industry is experiencing increased demand, prompting leading company Fulin Precision (300432.SZ) to expand its production capacity significantly [1] Group 1: Investment Announcements - Fulin Precision announced two major investment projects through its subsidiary Jiangxi Shenghua New Materials, with a total investment of 8.7 billion yuan, focusing on high-end energy storage lithium iron phosphate and precursor materials [1][2] - The company plans to build a 500,000-ton annual production capacity for high-end energy storage lithium iron phosphate in Yijinhuoluo, with an investment of 6 billion yuan [2] - Two precursor material projects are also planned, with a total investment of 2.7 billion yuan, ensuring self-sufficiency in core raw materials [2] Group 2: Financial Performance - In the first three quarters of 2025, Fulin Precision achieved a revenue of 9.085 billion yuan, marking a year-on-year increase of 54.43% [5] - The net profit attributable to shareholders reached 325 million yuan, up 4.63% year-on-year [5] - The company's contract liabilities increased by 127.93% to 368 million yuan, indicating strong future revenue support [5] Group 3: Research and Development - Fulin Precision has invested a total of 922 million yuan in research and development over the past five years, with annual R&D expenses increasing steadily [6] - The company holds 334 authorized patents, including 91 invention patents, and has established over 600 enterprise standards [6] Group 4: Strategic Partnerships - Fulin Precision is collaborating with CATL to increase capital in Jiangxi Shenghua, with planned investments of 1 billion yuan and 2.563 billion yuan from both companies, respectively [4] - This partnership is expected to lead to a significant asset restructuring and enhance the company's market position [4]