Shang Hai Zheng Quan Bao·2026-01-13 22:59Core Viewpoint - The company Fulin Precision announced the termination of a capital increase and major asset restructuring for its subsidiary Jiangxi Shenghua New Materials, shifting to a comprehensive strategic cooperation with CATL, which is expected to enhance collaboration in lithium iron phosphate materials and other emerging industries [3][4]. Group 1: Fundraising and Projects - Fulin Precision plans to raise a total of 3.175 billion yuan through a private placement, which will be used for projects including an annual production of 500,000 tons of high-end lithium iron phosphate for energy storage, key components for electric drive systems in new energy vehicles, and other advanced technology projects [3]. - After the completion of this issuance, CATL is expected to hold over 5% of Fulin Precision's shares, marking a significant strategic investment [3]. Group 2: Supplier Relationship and Market Demand - Fulin Precision has received multiple large orders from CATL in recent years and has been awarded the Excellent Supplier Award for 2024 and 2025, indicating a strong supplier relationship [3]. - The demand for high-pressure dense lithium iron phosphate products is expected to surge, leading to increased procurement from CATL, which will further integrate Fulin Precision's products into various battery projects [3]. Group 3: Strategic Collaboration and Resource Support - CATL will leverage its advantages to assist Fulin Precision in lithium material precursors, smart electric control for new energy vehicles, energy storage thermal management, and robotics, exploring additional business cooperation opportunities [4]. - A key agreement includes ensuring stable supply of lithium salt for Fulin Precision, which is crucial given the current tight balance in lithium carbonate supply and rising futures prices [4]. Group 4: Emerging Industry Cooperation - Both companies plan to advance cooperation in emerging industries, including the application of Fulin Precision's robotic products in CATL's manufacturing processes [6].