Ge Long Hui A P P·2026-01-07 08:44Core Viewpoint - The report from Huaxin Securities indicates that Fulian Precision's lithium iron phosphate production capacity is accelerating, with a significant increase in shipment scale expected. The company is deeply tied to CATL, having signed major contracts for 2025. Additionally, it is focusing on robotic joint modules to create a new growth curve [1] Group 1: Production and Contracts - Fulian Precision's lithium iron phosphate production capacity is expanding rapidly, which is expected to lead to a substantial increase in shipment volume [1] - The company has established a strong partnership with CATL, signing significant contracts for the year 2025 [1] Group 2: New Growth Areas - The company is focusing on electric joint module products for humanoid robots and robotic dogs, with production lines already operational and deliveries underway [1] - A joint venture with Zhiyuan is being developed to enhance the company's robotic components business, which is anticipated to become a new growth area [1] Group 3: Financial Outlook - The lithium iron phosphate business is expected to achieve both volume and profit growth, while the focus on robotic joints is set to create a new growth trajectory [1] - The investment rating for the company is set at "Buy" [1]