认购的投资者提供财务资助或补偿事宜的公告 | 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 | | --- | | 误导性陈述或重大遗漏。 | | 富临精工股份有限公司（以下简称"公司"）于2026年1月13日召开了第五 | 届董事会第三十次会议，审议通过了公司向特定对象发行股票（以下简称"本次 发行"）相关议案。 证券代码：300432 证券简称：富临精工 公告编号：2026-009 富临精工股份有限公司 关于本次向特定对象发行股票不存在直接或通过利益相关方向参与 根据相关要求，现就本次发行过程中公司不存在直接或通过利益相关方向参 与认购的投资者提供财务资助或补偿事宜承诺如下： 公司不存在向参与认购的投资者作出保底保收益或变相保底保收益的承诺 的情形，也不存在直接或通过利益相关方向参与认购的投资者提供财务资助或补 偿的情形。 特此公告。 富临精工股份有限公司 董事会 2026 年 1 月 13 日 ...

富临精工股份有限公司 截至 2025 年9月 30 日止 前次募集资金使用情况报告 及鉴证报告 您可使用手机"扫一扫"或进入"注册会计师行业练一些管卖互电具有执业许可的会计师事务所出具 = (ht 报告编码:沪26RD6RVL8F AMP ټﯾﻨﻪ | | 目 录 | | | --- | --- | --- | | | | 页 次 | | - | 前次募集资金使用情况报告的鉴证报告 | 1-2 | | ﺍ ۱ ﻤﺴ | 前次募集资金使用情况报告 | 1-4 | 立信会计师事务所(特殊普通合伙) BDO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP 关于富临精工股份有限公司 截至2025年9月30日止 前次募集资金使用情况报告的鉴证报告 信会师报字[2026]第ZA10020号 富临精工股份有限公司全体股东: 我们接受委托,对后附的富临精工股份有限公司(以下简称"富 临精工"或"公司")截至2025年9月30日止前次募集资金使用情况报 告(以下简称"前次募集资金使用情况报告")执行了合理保证的鉴 证业务。 一、管理层的责任 富临精工管理层的责任是按照中国证 ...

Group 1 - The core viewpoint of the report is that global lithium battery demand is expected to grow at a rate of 26% year-on-year by 2026, driven by both power storage and electric vehicle sectors [1][4] - In the electric vehicle sector, the registration of global electric vehicles reached 17.1 million units from January to October 2025, representing a year-on-year increase of 25.5%, primarily due to the resumption of subsidies in Europe and vehicle replacement policies in China [1][4] - The global energy storage battery shipments reached 428 GWh from January to September 2025, showing a significant year-on-year increase of 90.7%, supported by the scaling of independent storage projects in China and market demand in the U.S. [1][4] Group 2 - The lithium battery materials supply side is undergoing optimization due to previous overcapacity leading to low-price competition, resulting in many companies facing continuous losses and high debt levels [2][3] - Companies are focusing on improving existing production efficiency and cost optimization rather than blind expansion, leading to a significant weakening of expansion capabilities and intentions among lithium battery material companies [2][3] - The tightening of environmental policies and energy consumption controls is raising industry entry barriers, causing smaller companies to exit the market, thus enhancing the rigidity of supply constraints [2][3] Group 3 - Technological upgrades are driving supply-side optimization, with advancements in high-pressure lithium iron phosphate and high-strength separators, which require higher production precision and R&D investment [3][4] - Leading companies are leveraging continuous R&D investment to scale up high-end product capacity, while smaller firms struggle to upgrade their products and processes, leading to market elimination [3][4] - The supply structure is evolving towards a "few but excellent" model, with resources concentrating on leading enterprises, which is expected to restore market share and profitability for these companies [3][4] Group 4 - The report indicates a strong certainty of profit recovery in lithium battery materials, driven by supply-side constraints, high demand growth, and industry restructuring [4] - The consensus among companies to scientifically release capacity has led to a continued limitation of supply over the next 1-2 years, while demand is experiencing rapid growth from both power storage and electric vehicle sectors [4] - Core material prices, such as lithium hexafluorophosphate, have started to rebound, and the overall capacity utilization rate in the industry is expected to continue its upward trend in 2026 [4] Group 5 - Investment recommendations suggest prioritizing attention on lithium hexafluorophosphate and lithium iron phosphate sectors, with specific companies like Tianqi Materials and Hunan Youneng being highlighted [5] - Other companies to watch include Duofu Technology, Fulian Precision, Longpan Technology, Defang Nano, Tianji Co., Shida Shenghua, and Wanrun New Energy, particularly in the context of price recovery [5] - For long-cycle, heavy-asset sectors like copper foil and separators, companies such as Enjie, Xingyuan Materials, Fusheng Technology, Defu Technology, Jiayuan Technology, and Nord are recommended for attention [5]

证券日报网讯1月12日，富临精工（300432）在互动平台回答投资者提问时表示，公司的网站可以正常 访问。 ...

Investment Rating - The industry rating is "Overweight" [6] Core Viewpoints - The adjustment of the battery export tax rebate is expected to boost exports in 2026 and optimize the industry structure, benefiting companies with overseas production capacity [1][2] - The reduction in export tax rates aims to curb low-price competition in the export market and promote the exit of outdated production capacity [2][3] - The battery export tax rebate will lead to two rounds of export rush before the end of 2026, tightening supply and demand across the lithium battery supply chain [3][4] Summary by Sections Export Tax Rebate Adjustment - The export tax rebate for battery products will be reduced from 9% to 6% starting April 1, 2026, and will be eliminated entirely from January 1, 2027 [1] - This policy is expected to drive a surge in battery exports in 2026, intensifying supply-demand tensions in lithium mining and lithium hexafluorophosphate [1][2] Supply Chain Impact - The reduction in export tax is anticipated to tighten the supply-demand balance in the lithium battery industry, with major lithium material utilization rates projected at 92% for lithium hexafluorophosphate and 81% for copper foil in 2026 [3] - The ongoing demand for energy storage and the increasing sales of new energy vehicles in Europe are expected to further support this tightening [3] Recommendations - Companies with established overseas production capacity, such as CATL and Yiwei Lithium Energy, are recommended for investment [1][4] - Other companies in the supply chain, including Tianqi Lithium, New Chemical Materials, and Shangtai Technology, are also highlighted as potential beneficiaries of the tightening supply-demand dynamics [4]

Core Viewpoint - The company Fulin Precision announced a significant investment of 6 billion yuan for a new lithium iron phosphate project, aiming to meet the growing demand in the energy storage market, while the industry faces a collective production cut from leading firms [1][2]. Group 1: Company Expansion Plans - Fulin Precision's subsidiary, Jiangxi Shenghua, is set to construct a 500,000-ton high-end lithium iron phosphate project with a total investment of 6 billion yuan, divided into two phases of 250,000 tons each, expected to be completed within 12 months [2]. - The company has previously announced another project in Deyang-Aba with an annual capacity of 350,000 tons of high-pressure dense lithium iron phosphate [1]. Group 2: Industry Context - Major players in the lithium iron phosphate sector, including Wanrun New Energy and Hunan Youneng, are implementing maintenance plans that could reduce production by up to 50% by early 2026, despite holding a significant market share [1]. - The average market price for lithium iron phosphate is reported at 14,704.8 yuan per ton, while production costs range from 16,798.2 yuan to 17,216.3 yuan per ton, indicating a price-cost mismatch [3]. Group 3: Financial Performance - For the first three quarters of 2025, Fulin Precision reported total revenue of 9.085 billion yuan, a year-on-year increase of 54.43%, but net profit attributable to shareholders was only 325 million yuan, with a modest growth of 4.63% [2]. - The company's net profit in the third quarter saw a decline of 15.83%, and its gross margin decreased from 12.91% to 11.23% compared to the previous year [2]. Group 4: Financing Challenges - Fulin Precision's financing channels appear constrained, with a planned convertible bond issuance of 1.25 billion yuan still pending approval after more than a year [3]. - The company plans to fund the 6 billion yuan lithium iron phosphate project through self-owned and self-raised funds, which may increase its financial leverage given its current debt ratio of 63.65% [3]. Group 5: Strategic Partnerships - Fulin Precision has a deep partnership with CATL, extending their supply agreement until 2029, with a commitment to supply at least 80% of the promised capacity [5]. - While this partnership provides stable orders, it also poses risks related to high customer concentration and potential delays in price adjustments [5].

Group 1 - The core viewpoint of the news highlights the performance of the chemical industry, particularly the active role of PEEK materials in aerospace and lithium battery projects announced by several listed companies in early 2026 [1][2] - The China Securities Subdivision Chemical Industry Theme Index (000813) shows mixed performance among its constituent stocks, with Jinfa Technology (600143) leading with a 9.99% increase, while Luxi Chemical (000830) experienced the largest decline [1] - The chemical ETF (159870) is closely tracking the China Securities Subdivision Chemical Industry Theme Index, which consists of seven sub-indices reflecting the overall performance of listed companies in related sectors [2] Group 2 - PEEK and its carbon fiber reinforced composite materials (CF/PEEK) are crucial in the aerospace sector, replacing metals in aircraft components to significantly reduce weight [1] - Specific applications of PEEK in aerospace include electrical harness clamps in the Airbus A350XWB, turbine engine seals, bearing retainers, and components in fuel systems, showcasing its ability to withstand high temperatures and complex stresses [1] - The top ten weighted stocks in the China Securities Subdivision Chemical Industry Theme Index as of December 31, 2025, include Wanhua Chemical (600309) and Yalv Co. (000792), collectively accounting for 45.31% of the index [2]

Group 1: Lithium Battery Industry - Longpan Technology has announced plans to build a new production base for high-pressure lithium iron phosphate with an annual capacity of 240,000 tons, with a total investment not exceeding 2 billion yuan, due to existing capacity being insufficient to meet customer demand [1] - Multiple companies, including Fulin Precision, Dongfang Zirconium, Zhongkuang Resources, and Xinzhoubang, have announced lithium battery project investments, continuing the expansion trend seen since 2025 [1] - Industry experts predict that the investment boom in the lithium battery sector will continue into 2026, driven by improving supply-demand dynamics [1] Group 2: Fund Sales and Regulations - The public fund industry is at a critical transformation point as the scale continues to reach new heights, with recent regulations aimed at reducing fund subscription and sales service fees to enhance investor experience [2] - The new regulations are designed to guide the fund industry back to long-term investment and strengthen investor satisfaction [2] Group 3: State-Owned Enterprise Restructuring - The restructuring of China Petroleum & Chemical Corporation and China Aviation Oil Group has been approved, aiming to reduce aviation fuel supply costs and enhance competitiveness in the aviation fuel industry [3] - This merger aligns with the trend of state-owned enterprise reform focused on optimizing capital layout and avoiding homogeneous competition [3] Group 4: H-Share Listings - Several A-share companies, including 聚辰股份 and 鹏辉能源, have announced plans for H-share listings, indicating a trend of companies seeking to capitalize on favorable policies and financing needs [4] - This "batch southward" movement is expected to reshape the Hong Kong stock market structure and enhance the global resource allocation capabilities of leading Chinese enterprises [4] Group 5: Commercial Aerospace - Several companies, dubbed "China's version of SpaceX," are vying to become the first commercial rocket stock, with valuations exceeding 10 billion yuan [6] - The commercial space race is intensifying, with significant capital influx and project competition, indicating a shrinking investment window [6] Group 6: Margin Trading in A-Shares - As the A-share market becomes more active, the margin trading balance has reached a historical high of 2.6047 trillion yuan, marking a significant increase [7] - The trading volume of margin transactions has also surged, with a notable increase in daily trading amounts [7] Group 7: Advanced Manufacturing in Guangzhou - Guangzhou's government has released a plan to accelerate the construction of an advanced manufacturing city, aiming for significant progress by 2030 [8] - The plan includes optimizing industrial structure and enhancing quality and efficiency, with a focus on creating world-class manufacturing clusters [8] Group 8: AI and Semiconductor Market - Beijing Zhiyu Huazhang Technology has become the first Hong Kong-listed company focused on original general models, with a market capitalization of 57.9 billion HKD [10] - The demand for AI computing power is driving a surge in storage chip prices, with significant increases noted in server memory costs due to structural supply-demand imbalances [10]

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在西南财经大学教授史代敏看来，研究院的成立搭建了连接学术与产业的枢纽，"期待其在协同攻 关、人才共育和生态共建方面发挥作用，将'绵阳经验'提炼为可推广的模式。" 活动现场，绵阳市商业银行发布了面向绵阳重点产业体系的科技金融产品矩阵，包括"科技融医 贷"、科技光子贷、科技机器人贷等系列产品，覆盖科创企业全生命周期；同时与天府产业技术研 究院、涪江实验室等多家创新平台达成战略合作，并与四川华丰科技、富临精工等链主企业现场 签署授信协议，总金额超50亿元。 本报讯（四川日报全媒体记者 任紫鑫）近日，全省首家由金融机构发起成立的科技金融研究院 ——绵阳市商业银行"中国（绵阳）科技城科技金融研究院"正式揭牌，标志着绵阳在推动科技、 产业与金融深度融合方面迈出关键一步。 绵阳市商业银行相关负责人介绍，该研究院锚定四大核心定位：聚焦绵阳重点产业链全生命周 期，打造"破圈入链"切入口；联动政企校研投多方资源，建设"融资+融智"赋能站；构筑科技金融 创新策源地，形成可复制推广的"绵阳模式"；设立银行转型试验田，推动从传统信贷服务商向企 业全生命周期综合金融服务商转型。 ...