每经AI快讯，1月4日，龙蟠科技公告，公司控股子公司常州锂源新能源科技有限公司拟与江苏省金坛 华罗庚高新技术产业开发区管理委员会签署合作协议，投资建设高性能锂电池正极材料项目。项目计划 总投资不超过20亿元，资金来源为公司自有资金或自筹资金。项目分为两期实施，其中一期计划建设12 万吨，预计建设周期为9个月。项目产品主要为磷酸铁锂，公司承诺项目于2026年一季度启动建设， 2026年三季度竣工投产，一期项目建成后产能不低于12万吨/年。 ...

Core Viewpoint - The company Longpan Technology announces that its subsidiary Changzhou Liyuan plans to sign cooperation agreements for a high-performance lithium battery cathode material project, which includes the establishment of a research and development center and a production base with an annual capacity of 240,000 tons of high-pressure lithium iron phosphate [1] Group 1 - The project will be located in the Jiangsu Province Jintan Hualuogeng High-tech Industrial Development Zone [1] - The total planned investment for the project is not to exceed 2 billion yuan, funded by the company's own or self-raised funds [1] - The production base will be implemented in two phases, with the first phase planned to construct 120,000 tons, and the second phase will be initiated based on market conditions [1]

龙蟠科技公告，公司控股子公司常州锂源新能源科技有限公司拟与江苏省金坛华罗庚高新技术产业开发 区管理委员会签署合作协议，投资建设高性能锂电池正极材料项目。项目计划总投资不超过20亿元，资 金来源为公司自有资金或自筹资金。项目分为两期实施，其中一期计划建设12万吨，预计建设周期为9 个月。项目产品主要为磷酸铁锂，公司承诺项目于2026年一季度启动建设，2026年三季度竣工投产，一 期项目建成后产能不低于12万吨/年。 ...

Core Viewpoint - The domestic lithium iron phosphate cathode material industry is preparing for a collective action to raise processing fees starting January 1, 2026, in response to rising raw material costs and strong downstream demand [1][3][4]. Industry Response - Multiple leading cathode material producers, including Longpan Technology and Wanrun New Energy, are signaling plans to increase processing fees by 3,000 yuan per ton, reflecting a necessary adjustment after three years of price declines [3][6]. - The increase in processing fees is a strategic move to convey that cost pressures are stemming from manufacturing rather than raw material prices, which are subject to market fluctuations [4][11]. Raw Material Price Surge - As of December 31, 2025, the benchmark price for battery-grade lithium carbonate reached 120,400 yuan per ton, a significant increase from around 100,000 yuan per ton earlier in December, marking a rise of over 20% in just one month [4][9]. - The rising cost of lithium carbonate has made it imperative for cathode material producers to adjust their pricing structures to avoid losses, as the cost of lithium carbonate directly impacts production costs [6][11]. Market Demand Dynamics - There is a structural demand for high-performance lithium iron phosphate products, particularly in energy storage and high-density battery applications, which is driving the need for price adjustments [12][13]. - The demand for high-end lithium iron phosphate is expected to remain strong, with orders extending into the first quarter of 2026, indicating a shift towards premium products [13][14]. Industry Reflection and Future Outlook - The collective price increase is seen as a response to the industry's reflection on the detrimental effects of prolonged price wars, which have led to significant financial losses across the sector [11][14]. - Analysts suggest that the current price adjustments may signal a shift towards a more sustainable industry model, focusing on reasonable profit margins to support research and development [14][18]. - The ongoing negotiations between cathode material producers and downstream battery manufacturers will determine the effectiveness and sustainability of these price increases [18][19].

Core Viewpoint - The lithium iron phosphate (LFP) cathode material industry is experiencing a collective price increase in processing fees due to rising raw material costs, particularly lithium carbonate, and strong downstream demand, marking a necessary response to restore profitability after a prolonged price downturn [4][6][12]. Industry Response - Multiple leading LFP manufacturers, including Longpan Technology and Wanrun New Energy, are planning to raise processing fees starting January 1, 2026, as a reaction to the significant increase in lithium carbonate prices and structural demand in the market [4][11]. - The decision to raise processing fees rather than the total price reflects the industry's pricing practices, where raw material costs fluctuate while processing fees can be adjusted more flexibly to convey cost pressures to clients [4][12]. Raw Material Price Surge - As of December 31, 2025, the benchmark price for battery-grade lithium carbonate reached 120,400 yuan per ton, having surged over 20% in just one month, significantly exceeding the cost tolerance of downstream material sectors [5][11]. - The increase in lithium carbonate prices has directly impacted the cost structure of LFP production, with each 10,000 yuan increase in lithium carbonate raising material costs by approximately 2,500 yuan per ton [7][13]. Market Demand Dynamics - There is a robust demand for high-performance LFP products, particularly in energy storage and high-density battery applications, which supports the rationale for price increases [8][15]. - The market is not experiencing a general recovery but rather a concentration of demand towards leading companies and high-end products, enhancing their pricing power [15][16]. Historical Context and Industry Reflection - The industry has faced significant price declines, with LFP material prices dropping from 173,000 yuan per ton at the end of 2022 to 34,000 yuan per ton by mid-2025, leading to over 36 months of continuous losses [12][16]. - The recent price increases are seen as a collective response to the detrimental effects of prolonged price wars, with industry stakeholders recognizing the need for sustainable profit margins to invest in research and development [16][19]. Future Outlook - Analysts predict that the price increase trend starting in January 2026 will likely continue, driven by persistent cost pressures and a tight supply of high-end products [18][19]. - The ability of LFP manufacturers to successfully pass on these cost increases to downstream battery manufacturers remains a critical factor for the sustainability of this price recovery [19][20].

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） 臨時股東會由張羿先生主持。全體董事已親身或透過電子方式出席臨時股東會。 1. 召開臨時股東會 於臨時股東會記錄日期，本公司已發行股份（「股份」）總數為685,078,903股（包 括565,078,903股A股和120,000,000股H股），其中，賦予股東權利出席臨時股東 會並就於大會上提呈的決議案投票的股份數目為682,996,503股（不包括本公司 回購證券賬戶中的2,082,400股A股（「庫存A股」））。於臨時股東會上，概無行使 庫存A股的表決權，而除庫存A股外，本公司概無回購任何有待註銷且不計入臨 時股東會股份總數的股份。 – 1 – 出席臨時股東會的股東及股東受委代表數目為626名。出席臨時股東會的股東 及股東受委代表合共持有275,315,78 ...

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。 董事長 石俊峰 中國‧南京 二零二五年十二月三十一日 於本公告日期，董事會包括執行董事石俊峰先生、呂振亞先生、秦建先生、沈志勇 先生及張羿先生；非執行董事朱香蘭女士；及獨立非執行董事李慶文先生、葉新先 生、耿成軒女士以及康錦里先生。 国浩律师（上海）事务所 法律意见书 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《國浩律師（上海）事務所關於江蘇龍蟠科技集團 股份有限公司2025年第六次臨時股東會的法律意見書》如下，僅供參閱 ...

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 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《關於公司2025年股票期權激勵計畫內幕信息知 情人及激勵對象買賣公司股票情況的自查報告》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 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2465） 证券代码：603906 证券简称：龙蟠科技 公告编号：2026-002 江苏龙蟠科技集团股份有限公司 关于公司 2025 年股票期权激励计划内幕信息知情人 及激励对象买卖公司股票情况的自查报告 本公司董事会及全体董事保证本公告内容不 ...

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 江蘇龍蟠科技集團股份有限公司 董事長 石俊峰 中國‧南京 二零二五年十二月三十一日 （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《2025年第六次臨時股東會決議公告》如下，僅 供參閱。 承董事會命 於本公告日期，董事會包括執行董事石俊峰先生、呂振亞先生、秦建先生、沈志勇 先生及張羿先生；非執行董事朱香蘭女士；及獨立非執行董事李慶文先生、葉新先 生、耿成軒女士以及康錦里先生。 证券代码：603906 证券简称：龙蟠科技 公告 ...

Group 1: Photovoltaic Industry - The National Development and Reform Commission (NDRC) held a meeting to address issues of price disorder in the photovoltaic industry and to establish cost recognition standards [1] - The NDRC aims to combat price disorder and maintain a healthy market price order, which will help the photovoltaic industry achieve sustainable development [1] - Key focus areas include: 1) Supply-side reform leading to price increases, with attention on Tongwei Co., Longi Green Energy, JA Solar, JinkoSolar, and Trina Solar; 2) Long-term growth opportunities from new technologies, focusing on Mibet, Aiko Solar, and Juhua Materials; 3) Industrialization opportunities from perovskite GW-level layouts, focusing on Jinjing Technology, Wanrun Co., Jiejia Weichuang, Dier Laser, Jing Shan Light Machine, Delong Laser, and Manston [1] Group 2: Wind Power and Grid - Denmark's Energy Agency announced the launch of a tender for at least 2.8GW of offshore wind projects, with a total budget cap of 55.2 billion Danish Kroner (approximately 60.63 billion RMB) [2] - The State Grid Corporation of China initiated the fifth round of preliminary service bidding for projects including Qinggui DC and Nantong-Suzhou DC, with various technical specifications [2] - Key companies to watch include: Goldwind Technology, Yunda Co., Mingyang Smart Energy, and Sany Heavy Energy for wind turbine segments; Dongfang Cable, Zhongtian Technology, and Hengtong Optic-Electric for submarine cable and flexible DC technology [2] Group 3: Hydrogen Energy - Premier Li Qiang stated that China has built the world's largest renewable energy system and has cooperated with over 100 countries on green energy [3] - China has contributed to a reduction of approximately 4.1 billion tons of carbon emissions through wind and solar products over the past five years [3] - Recommended companies include: Shuangliang Eco-Energy, Huadian Heavy Industries, Shenghui Technology, and Huaguang Huaneng for quality equipment; Kaysun, Ice Wheel Environment, and Snowman for hydrogen compressors [3] Group 4: Energy Storage - The bidding price range for the W3 energy storage system project in November 2025 is between 0.456 RMB/Wh and 0.6664 RMB/Wh [3] - The average bidding price for W3 EPC is between 0.727 RMB/Wh and 1.6641 RMB/Wh [3] - Companies to focus on include: Sungrow Power Supply, Canadian Solar, Haibo Technology, and Sunking Electric for high-growth energy storage sectors [3] Group 5: New Energy Vehicles - Longpan Technology signed a supply agreement for 1.3 million tons of lithium iron phosphate, corresponding to nearly 600GWh of battery demand, with a total estimated value exceeding 45 billion RMB [4] - The agreement indicates a strong demand for battery materials, with expectations of over 300GWh of effective capacity by the end of 2026 [4] - Other partnerships include agreements with Tianci Materials and Nord Materials for significant procurement of electrolyte and copper foil [4]