Core Viewpoint - The lithium battery industry is experiencing a significant investment boom, driven by increasing demand for energy storage and stable growth in power battery installations, leading to a tight supply-demand balance in 2026 [4][6]. Group 1: Company Expansion Plans - Longpan Technology plans to invest up to 2 billion yuan to build a new production base for 240,000 tons of high-pressure lithium iron phosphate annually, as existing capacity cannot meet customer demand [1][2]. - In addition to Longpan Technology, several companies, including Fulin Precision, Dongfang Zirconium, and Xinzhou Bang, have announced investment plans for lithium battery projects, continuing the expansion trend from 2025 [1][2]. - Longpan Technology has previously raised funds to build projects with capacities of 110,000 tons and 85,000 tons of high-performance phosphate-based cathode materials, with ongoing capacity expansion efforts [2]. Group 2: Industry Investment Trends - Since 2025, over 282 investment projects in the lithium battery industry chain have been announced in China, with a total investment exceeding 820 billion yuan, marking a year-on-year increase of over 74% [2]. - The investment trend is not only domestic but also expanding internationally, with companies like Xinzhou Bang planning to invest approximately 260 million USD in a lithium-ion battery materials project in Saudi Arabia [3]. Group 3: Market Dynamics - The surge in lithium battery investments is attributed to multiple factors, including the explosive growth in energy storage demand, steady increases in power battery installations, and rapid technological advancements [4][5]. - The industry has transitioned from a state of oversupply to a tight balance since mid-2025, with expectations of continued investment momentum into 2026 due to strong demand growth [6][7]. - Companies are increasingly adopting a rational approach to expansion, focusing on "order capacity" to avoid blind investments and ensure sustainable growth [6][7].

Core Viewpoint - The lithium battery industry is experiencing a significant investment boom, driven by increasing demand for energy storage and stable growth in power battery installations, leading to a tight supply-demand balance in 2026 [3][4][6]. Group 1: Company Expansion Plans - 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 [1]. - In addition to the new project, Longpan Technology has previously raised funds to establish projects with annual capacities of 110,000 tons and 85,000 tons of high-performance phosphate-based cathode materials [2]. - The company is also increasing the planned capacity of its Sichuan Suining Phase III project from 62,500 tons per year to 100,000 tons per year, indicating a rapid pace of expansion [2]. Group 2: Industry Investment Trends - Since 2025, the domestic lithium battery industry has seen over 282 publicly announced investment projects, with a total investment exceeding 820 billion yuan, marking a year-on-year increase of over 74% [2]. - The investment trend is not limited to domestic projects; companies like New Zobang are also expanding overseas, with a planned investment of approximately 260 million USD in Saudi Arabia for lithium-ion battery materials [3]. - Major players in the industry, such as Ningde Times and Yiwei Lithium Energy, are establishing operations in countries like Thailand, Spain, and Portugal, further localizing the supply chain [3]. Group 3: Market Dynamics and Future Outlook - The investment surge in the lithium battery sector is attributed to multiple factors, including the explosive growth in energy storage demand, steady increases in power battery installations, and a shift towards a balanced supply-demand relationship [4][6]. - The industry has transitioned from a period of oversupply and price declines to a phase of high capacity utilization and recovery in material prices since the second half of 2025 [4]. - Analysts predict that the supply-demand balance will remain tight in 2026, with potential shortages expected by 2027, as new capacity takes time to come online [6][7].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Jiangsu Lopal Tech. Group Co., Ltd. 江蘇龍蟠科技集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2465） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條刊發。 茲 載 列 江 蘇 龍 蟠 科 技 集 團 股 份 有 限 公 司（「本 公 司」）在 上 海 證 券 交 易 所 網 站(https://www.sse.com.cn/)刊發的《關於對外擔保的進展公告》如下，僅供參閱。 承董事會命 江蘇龍蟠科技集團股份有限公司 证券代码：603906 证券简称：龙蟠科技 公告编号：2026-008 江苏龙蟠科技集团股份有限公司 关于对外担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 董事長 石俊峰 中國‧南京 二零二六年 ...

证券代码：603906 证券简称：龙蟠科技 公告编号：2026-008 江苏龙蟠科技集团股份有限公司 关于对外担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 被担保人：江苏龙蟠新材料科技有限公司（以下简称"龙蟠新材料"）、 锂源（江苏）科技有限公司（以下简称"江苏锂源"）、山东锂源科技有限公司 （以下简称"山东锂源"）、湖北锂源新能源科技有限公司（以下简称"湖北锂 源"）、南京锂源纳米科技有限公司（以下简称"南京锂源"）和江苏可兰素环 保科技有限公司（以下简称"江苏可兰素"）均为江苏龙蟠科技集团股份有限公 司（以下简称"公司"或"龙蟠科技"或"保证人"）并表范围内的下属公司。 本次担保情况：由公司为上述公司合计向银行申请综合授信提供 84,970.52万元人民币的连带责任担保，江苏锂源、山东锂源、湖北锂源和南京锂 源为公司控股孙公司，其余股东未同比例提供担保，公司对其生产经营、财务管 理等方面具有充分控制权，担保风险处于公司可控范围内。 本次担保无反担保。 截至目前，公司及其下属公司（含本次担保 ...

Core Viewpoint - The lithium iron phosphate (LFP) industry is experiencing a new wave of expansion with significant investments announced despite recent challenging years [1] Group 1: Project Announcements - Bangpu Times is set to launch a new generation lithium iron phosphate project with an annual capacity of 450,000 tons by December 29, 2025, involving a total investment of 5.6 billion yuan and an expected annual output value of 14.5 billion yuan [2] - Fulin Precision plans to establish a high-end energy storage lithium iron phosphate project with an annual capacity of 500,000 tons in Inner Mongolia, with a total investment of 6 billion yuan, aimed at meeting the growing demand for high-performance lithium iron phosphate batteries [3] - Longpan Technology intends to build a production base for high-density lithium iron phosphate with an annual capacity of 240,000 tons in Jiangsu, with a planned investment of no more than 2 billion yuan [4] Group 2: Strategic Importance - The projects announced by Bangpu Times and Fulin Precision are strategically aligned with the increasing demand for high-performance lithium iron phosphate batteries in the energy storage market, which is expected to enhance their market position and production capacity [2][3] - Longpan Technology's investment in high-density lithium iron phosphate production is also aimed at optimizing its product offerings and expanding its market reach [4]

| | | FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 江蘇龍蟠科技集團股份有限公司 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02465 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 120,000,000 | RMB | | 1 | RMB | | 120,000,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 120,000,000 | RMB | | 1 | RMB | | 120,000,00 ...

Core Viewpoint - The article suggests that 2026 is expected to mark the beginning of a new healthy and orderly development cycle for China's lithium battery new energy industry [3][19]. Investment Overview - In 2025, over 282 public investment projects related to the lithium battery industry chain in China are anticipated, with a total investment exceeding 820 billion yuan, representing a year-on-year growth of over 74% [4]. - The investment projects are primarily concentrated in East and Central China, with regions like Fujian, Shandong, and Jiangsu leading in lithium battery and material manufacturing due to their rich chemical resources and strategic enterprise layouts [6]. Regional Distribution - The Southwest region, particularly Sichuan, is expected to dominate the investment in lithium battery positive materials, accounting for 59% of the projects, with a significant production capacity of over 350 GWh [11]. - Negative materials investment is more evenly distributed, with North and Northwest China favored due to lower electricity costs [11]. - The electrolyte projects are mainly concentrated in East China, benefiting from a robust industrial chain and proximity to downstream markets [11]. Overseas Expansion - Chinese lithium battery companies are increasingly focusing on overseas markets, with significant investments in Thailand, Spain, and Portugal, driven by favorable geopolitical conditions and local demand [7]. - Notable projects include the establishment of a zero-carbon AI super factory in Portugal and a joint venture factory in Spain by CATL and Stellantis [7]. Solid-State and Sodium Battery Development - In 2025, solid-state battery projects are expected to be concentrated in East China, with planned capacities of 74 GWh and total investments of 28 billion yuan [15]. - The sodium battery sector is projected to see significant growth, with planned capacities of 81 GWh and total investments of 32.2 billion yuan, primarily in the Southwest region [15]. Market Outlook - The lithium new energy industry is emerging from a challenging period characterized by supply-demand imbalances and declining prices, with positive signals indicating a recovery starting in 2025 [18]. - The demand for solid-state batteries and sodium batteries is expected to accelerate, with the latter projected to achieve a 100% increase in shipments by 2026 [19].

Core Viewpoint - Longpan Technology's stock price has shown fluctuations, with a recent decline of 2.01% and a total market capitalization of 14.058 billion yuan as of January 7 [1] Company Overview - Longpan Technology, established on March 11, 2003, and listed on April 10, 2017, is based in Nanjing, Jiangsu Province, and primarily engages in the sales of automotive fine chemicals and lithium iron phosphate (LFP) cathode materials [2] - The company's revenue composition includes 65.14% from LFP cathode materials, 26.40% from automotive fine chemicals, 7.81% from lithium carbonate and raw material processing, and 0.66% from other businesses [2] - Longpan Technology operates in the electric equipment industry, specifically in battery and battery chemicals, and is associated with concepts such as lithium iron phosphate, solid-state batteries, battery recycling, and energy storage [2] Financial Performance - As of September 30, 2025, Longpan Technology reported a revenue of 5.825 billion yuan, reflecting a year-on-year growth of 2.91%, while the net profit attributable to shareholders was -110 million yuan, showing a significant increase of 63.52% year-on-year [3] - The company has distributed a total of 256 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [4] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 15.35% to 85,800, while the average circulating shares per person increased by 18.14% to 6,589 shares [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 5.3494 million shares, an increase of 1.7157 million shares compared to the previous period [4]

Core Viewpoint - Longpan Technology announced a collaboration with the Jiangsu Jintan Hua Luogeng High-tech Industrial Development Zone Management Committee to invest in a high-performance lithium battery cathode material project with a total investment cap of 2 billion yuan [1] Group 1: Project Details - The project will be implemented by Changzhou Liyuan's wholly-owned subsidiary, Liyuan (Jiangsu) Technology Co., Ltd. [1] - The project will be carried out in two phases, with the first phase planning to establish a production capacity of 120,000 tons of lithium iron phosphate [1] Group 2: Investment and Risks - The total investment cap for the project is set at 2 billion yuan [1] - The company has indicated potential risks during the project implementation, including project approval, construction progress, and changes in actual investment amounts [1]

Group 1 - The core business of Longpan Technology includes the sales of automotive fine chemicals and lithium iron phosphate cathode materials, with the revenue composition being 65.14% from LFP cathode materials, 26.40% from automotive fine chemicals, 7.81% from lithium carbonate and raw material processing, and 0.66% from other businesses [2] - As of September 30, 2025, Longpan Technology achieved a revenue of 5.825 billion yuan, representing a year-on-year growth of 2.91%, while the net profit attributable to shareholders was -110 million yuan, showing a significant year-on-year increase of 63.52% [2] - The company has a total of 85,800 shareholders as of September 30, 2025, which is a decrease of 15.35% compared to the previous period, with an average of 6,589 circulating shares per person, an increase of 18.14% [2] Group 2 - On January 6, Longpan Technology's stock rose by 2.70%, with a trading volume of 886 million yuan. The financing buy-in amount for the day was 93.499 million yuan, while the financing repayment was 103 million yuan, resulting in a net financing buy-in of -9.6566 million yuan [1] - The total balance of margin trading for Longpan Technology as of January 6 is 421 million yuan, accounting for 3.56% of the circulating market value, which is above the 90th percentile level over the past year [1] - In terms of securities lending, on January 6, the company repaid 600 shares and sold 1,600 shares, with a selling amount of 33,500 yuan based on the closing price of the day. The remaining securities lending volume is 14,300 shares, with a balance of 299,400 yuan, also exceeding the 90th percentile level over the past year [1][2]