来源：上海证券报·中国证券网 上证报中国证券网讯（记者 王玉晴）12月30日，中国化学与物理电源行业协会（简称"协会"）发布 《关于维护磷酸铁锂材料行业健康有序发展的倡议》。 协会称，近年来，全球能源转型加速推进，新能源汽车、储能等战略性新兴产业蓬勃发展，作为关键正 极材料的磷酸铁锂（LFP）市场需求持续攀升，产业规模实现跨越式增长。截至2025年底，我国磷酸铁 锂材料产能占全球总产能比重已超95%，在全球产业链中占据核心地位。 然而，在行业高速发展的同时，也逐渐暴露出一些亟待解决的问题，包括多数企业持续亏损、锂资源价 格波动剧烈、行业整体产能利用率偏低以及低水平重复建设现象频发等。这些问题不仅损害了企业自身 利益，更对产业链的可持续发展和国际竞争力构成了严峻挑战。 为推动行业走向更高质量、更有效率、更可持续的发展路径，构建健康、稳定、公平的市场环境，依据 《中华人民共和国价格法》《中华人民共和国招标投标法》《中华人民共和国反不正当竞争法》《中华 人民共和国反垄断法》等，杜绝违法违规行为，维护良好行业形象，联合发出倡议： 一、坚决抵制恶性价格竞争，维护市场公平秩序 建议行业内各企业严格遵守国家法律法规，坚决杜 ...

"近期，有头部企业明确磷酸铁锂加工费统一上调。" "碳酸锂价格再次突破10万元/吨。" 年末岁尾，磷酸铁锂行业密集释放的提价信号，让整个新能源汽车产业链感受到明显震动。作为动 力电池与储能领域的核心正极材料，此轮涨价正在引发下游产业链的连锁反应与深度调整。 此轮或提价5%～10% 磷酸铁锂凭借高安全性、长循环寿命及高性价比优势，已成为支撑全球新能源汽车产业链的关键材 料。我国凭借产业先发优势，构建起完整且富有竞争力的供应链体系。然而，自2022年以来，磷酸铁锂 材料行业进入了持续的价格下行周期，成本与售价之间的矛盾日益凸显。已成为锂电产业链利润压力最 大的环节之一。持续近两年的价格战，使"反内卷"呼声高涨。 近期，在原材料价格上涨和市场供应紧张的双重推动下，磷酸铁锂行业集体提出涨价的诉求。湖南 裕能宣布，自2026年1月1日起，全系列铁锂产品加工费在现有基础上上调3000元/吨（未税价）；后续 若市场或原材料价格发生重大波动，产品价格再重新进行商议。该公司还表示，涨价主要基于产品供不 应求（尤其是新产品系列），以及原材料价格上涨带来的成本压力，目前与客户的涨价谈判已取得积极 进展。 安达科技也同步通知，自20 ...

Core Viewpoint - The price of lithium iron phosphate (LFP), a key material in the new energy industry, has risen significantly, indicating a shift in the market dynamics and prompting widespread attention [2] Supply and Demand Dynamics - The LFP industry is currently experiencing tight supply and demand, with many companies operating at full capacity, which supports their pricing actions [3] - LFP materials account for nearly 74% of the cathode material shipments in lithium-ion batteries and 99.9% in energy storage batteries, making them crucial for the entire industry chain [3] - Despite a projected production capacity of nearly 4.7 million tons in 2024, the actual output is only around 2.3 million tons, resulting in a utilization rate of less than 50% [3] - From the end of 2022 to August 2025, LFP prices have fluctuated dramatically, dropping from 173,000 yuan/ton to 34,000 yuan/ton, a decline of 80%, leading to over 36 months of continuous losses for the industry [3] Recent Price Trends - As of December 16, the mainstream market price for power-type LFP has increased from 31,800 yuan/ton at the end of June to 41,200 yuan/ton, with a recent monthly increase of 2,600 yuan/ton [4] - Companies are actively communicating with downstream customers about price increases, with some reporting price hikes of 1,500 to 2,000 yuan per ton since early November [4] Cost Pressures - The primary driver of the recent price surge in the LFP industry is the rapid increase in raw material costs, with the average price of phosphoric acid rising by 0.9% in November compared to October [5] - The costs of key raw materials such as phosphoric acid, monoammonium phosphate, and ferrous sulfate have increased by 6.9%, 8.5%, and 3.1%, respectively, contributing to higher production costs for LFP [5][6] Market Outlook - LFP is becoming a mainstream technology in global power and energy storage batteries due to its safety, long cycle life, and cost advantages, indicating significant growth potential [7] - The demand for lithium-ion batteries is expected to push the industry value towards 3 trillion yuan this year, driven by a surge in the new energy vehicle market and a 60% year-on-year increase in energy storage installations [7] - The industry may face a temporary supply shortage if production expansion does not keep pace with demand growth, as external financing for expansion has largely dried up [7] Industry Challenges and Opportunities - Despite the price recovery, LFP remains below production costs, indicating ongoing financial difficulties for the industry [8] - Continuous research and development investments are necessary for technological upgrades, as the industry transitions from second and third-generation products to fourth-generation high-density products [8][9] - Positive signals include a potential narrowing of losses for companies and significant procurement agreements, such as a long-term supply contract between a subsidiary of Longpan Technology and Sunwoda [8][9]

Core Insights - The lithium iron phosphate (LFP) materials industry is experiencing strong market demand but is simultaneously facing widespread losses across the sector [1][3][5] - Major companies are adjusting product prices in response to rising raw material costs and prolonged industry losses [1][3][6] - The industry is exploring sustainable development paths through standardization and cautious capacity expansion [2][7][8] Industry Overview - The LFP materials sector has been in a state of loss for three consecutive years, prompting companies to seek price adjustments to recover profitability [1][3][5] - Key raw materials, including sulfur and sulfuric acid, have seen significant price increases, contributing to the overall cost pressures faced by LFP manufacturers [3][4][6] - Despite high demand in the energy storage and electric vehicle markets, the industry is grappling with structural overcapacity and high debt levels among leading firms [4][6][7] Price Adjustments - A wave of price increases is occurring, with major manufacturers notifying clients of upcoming price hikes, including a unified processing fee increase starting in 2026 [3][4] - As of December 1, the average spot price for power-type LFP reached 39,950 yuan per ton, while energy storage-type LFP was at 36,950 yuan per ton [3][4] Demand Dynamics - The energy storage market has exceeded expectations in the second half of the year, driving demand alongside a steady increase in electric vehicle sales [4][6] - China's lithium-ion battery exports reached $55.38 billion from January to September 2025, marking a 26.75% year-on-year increase, with domestic new energy vehicle penetration surpassing 45% [4][6] Industry Standards and Regulations - The China Chemical and Physical Power Industry Association plans to establish a comprehensive standard system by 2026 to set technical barriers and guide industry development [1][7][8] - The association aims to create a technical roadmap and conduct surveys to assess actual production capacity and technological status [1][8] Capacity Expansion and Market Order - Companies are adopting a cautious approach to capacity expansion, emphasizing the need to maintain market order and avoid destructive low-price contracts [9] - The industry is calling for a unified technical standard to regulate market competition and guide investment towards advanced products rather than exacerbating overcapacity in existing technologies [8][9]

Core Viewpoint - The lithium iron phosphate (LFP) materials industry is experiencing a paradox of strong market demand but widespread losses among companies, prompting price adjustments and a search for sustainable development paths [3][4][5]. Group 1: Industry Challenges - The LFP industry has faced three consecutive years of losses, leading major companies to adjust product prices in an effort to recover profitability [4][6]. - Key raw materials for LFP production are in short supply and experiencing rapid price increases, causing companies to slow down expansion efforts [4][8]. - The industry is characterized by structural overcapacity, with many companies suffering from high debt levels and low profit margins, making the current situation unsustainable [9][11]. Group 2: Price Adjustments and Market Dynamics - A wave of price increases is occurring, with major manufacturers notifying clients of price hikes for LFP products starting in 2026 [7][8]. - As of December 1, the average spot price for power-type LFP reached 39,950 yuan/ton, while energy storage-type LFP reached 36,950 yuan/ton, driven by rising upstream raw material costs [7][8]. - The demand for energy storage and electric vehicles has surged, with significant growth in lithium-ion battery exports and a domestic new energy vehicle penetration rate exceeding 45% [8][9]. Group 3: Regulatory and Standardization Efforts - The Ministry of Industry and Information Technology (MIIT) has signaled the need for regulatory measures to address irrational competition in the battery industry [13][14]. - The China Chemical and Physical Power Industry Association plans to establish a comprehensive standard system for the LFP industry by 2026, focusing on production capacity, technology, and environmental standards [12][15]. - There is a consensus among industry representatives on the importance of establishing unified technical standards to guide investment and production towards advanced products, thereby avoiding exacerbation of overcapacity in lower-tier products [15][16].

Core Insights - The lithium iron phosphate (LFP) materials industry is experiencing strong market demand but is simultaneously facing widespread losses across the sector [1][6][7] Group 1: Industry Dynamics - Major companies in the LFP sector are adjusting product prices in response to three consecutive years of losses, with firms like Hunan Youneng and Wanrun New Energy indicating a cautious approach to capacity expansion [2][4] - The industry is currently facing a shortage of upstream chemical raw materials, leading to a slowdown in production expansion [2][4] - The China Chemical and Physical Power Industry Association plans to establish a complete standard system by 2026 to set technical barriers for the industry [2][9] Group 2: Pricing Trends - A wave of price increases is occurring in the LFP industry, with the average price of power-type LFP reaching 39,950 yuan/ton and energy storage-type LFP at 36,950 yuan/ton as of December 1 [4][5] - The price hikes are driven by rising costs of key raw materials such as sulfur and sulfuric acid, with expectations that this trend will continue into the next year [4][5] Group 3: Market Demand - The demand for energy storage has unexpectedly surged in the second half of the year, contributing to the overall growth in the electric vehicle market [5] - Data shows that from January to September 2025, China's lithium-ion battery exports reached $55.38 billion, a year-on-year increase of 26.75%, with domestic new energy vehicle penetration exceeding 45% [5] Group 4: Financial Performance - Most companies in the LFP sector have reported losses in recent years, with average debt-to-asset ratios reaching 67.81% across six listed companies [8][7] - Specific companies like Wanrun New Energy and Defang Nano reported net losses of 15.04 billion yuan and 16.36 billion yuan respectively for 2023 [8] Group 5: Regulatory and Standardization Efforts - The Ministry of Industry and Information Technology has emphasized the need to regulate competition in the battery industry and to promote high-quality development [9][10] - The industry association is working on a comprehensive report to guide government policy and encourage rational investment in the sector [10][11]

Core Insights - The article emphasizes the integration of technological innovation and industrial transformation, highlighting how companies are leveraging AI and automation to enhance production efficiency and reduce costs [1][2][3] Group 1: Smart Manufacturing - Companies like Nanjing Steel are utilizing digital twin technology to create interactive 3D models of production lines, leading to increased efficiency and reduced costs [1] - Langbo Technology is enhancing its profitability by investing in automation equipment, which improves production processes and product quality traceability [1] Group 2: Green Transformation - Haiyang Technology has implemented intelligent production lines to address high energy consumption and labor intensity issues, achieving a fully automated manufacturing process that reduces resource consumption and emissions [2] - GCL-Poly Energy's subsidiary, GCL Lithium, focuses on green manufacturing, achieving approximately 50% reductions in investment costs, energy consumption, and overall process costs through innovative production methods [2] Group 3: Technological Innovation - Aviation engine manufacturing is highlighted as a complex system requiring advanced materials and manufacturing techniques, with companies like Hangya Technology developing barriers in precision processing and special treatments [3] - The development of R5-grade mooring chains by Yaxing Anchor Chain demonstrates the importance of understanding downstream demands and collaborating with research institutions to meet industry needs [3] Group 4: Balancing Technology and Market Needs - Companies must adapt to customer application scenarios and maintain competitive costs while ensuring product efficiency and ease of use [4] - Successful technology firms need to excel not only in technical capabilities but also in commercializing their innovations into valuable products for customers [4]

【环球网财经记者 田刚】当前，在新能源电池与储能行业需求持续推进的背景下，作为核心动力源的 磷酸铁锂材料行业，却正在经历一场前所未有的"冰火两重天"。公开数据显示，2022年底至2025年8 月，磷酸铁锂材料价格从17.3万元/吨暴跌至3.4万元/吨，跌幅达80.2%，全行业连续亏损超36个月，6家 磷酸铁锂材料行业上市企业平均资产负债率高达67.81%。 近日，由中国化学与物理电源行业协会主办的《磷酸铁锂材料行业成本研究》研讨会上披露的数据显 示，尽管下游需求旺盛，但磷酸铁锂材料行业已连续三年普遍亏损，平均资产负债率高企，成为锂电产 业链中利润承压最严重的环节，"增产不增收"的怪圈成为制约产业高质量发展的核心瓶颈。 在毛利率出现明显下降的背后，海辰储能的低价竞争策略则被业界所关注。公开数据显示，今年8月， 海辰储能联手沙特Alfanar Projects公司，拿下沙特电力公司总价26亿元、总容量1GW/4GWH的巨型储能 系统项目，据此计算，该项目单位安装成本仅为73至75美元，这一价格不仅创下中国以外的全球最低纪 录，还远低于美国和欧洲的平均价格。 与同行业公司对比来看，海辰储能在今年上半年出货量高达30 ...

Core Points - The chairman of ST Longyuan Technology Group Co., Ltd., Qiao Wenjian, has been placed under detention for suspected job-related violations just two months after taking office [1][2] - The company announced that other board members and senior management are continuing their duties normally, and the operational management situation remains stable [2] - Qiao Wenjian previously served as the vice president of the company and earned a salary of 1.6623 million yuan last year, holding 300,000 shares [6] Financial Performance - For the first three quarters of 2025, ST Longyuan reported a revenue of 5.438 billion yuan, a year-on-year decline of 1.34%, and a net loss attributable to shareholders of 328 million yuan, a significant year-on-year decrease of 567.01% [6] - As of November 25, the stock price of ST Longyuan was 3.76 yuan, reflecting a rise of 3.01%, with a market capitalization of 4.959 billion yuan [6]

Core Viewpoint - The lithium iron phosphate (LFP) materials industry is experiencing a dichotomy of booming demand and severe financial losses, with significant price drops and high debt levels among companies [1][2][5]. Group 1: Market Demand and Performance - China's lithium-ion battery exports reached $55.38 billion from January to September 2025, a year-on-year increase of 26.75%, with domestic new energy vehicle penetration exceeding 45% and energy storage installations surging by 60% [1]. - LFP materials accounted for nearly 74% of cathode material shipments, dominating both power and energy storage batteries, with a 99% market share in domestic energy storage [1]. - Major companies are operating at full capacity, with order backlogs extending to 2026 due to strong demand [1]. Group 2: Industry Challenges - LFP material prices plummeted from 173,000 yuan/ton to 34,000 yuan/ton between late 2022 and August 2025, representing an 80.2% decline, leading to over 36 months of continuous losses across the industry [1][2]. - The average debt-to-asset ratio of six listed companies in the sector rose to 67.81%, indicating financial strain [1]. - The industry faces a "production without profit" dilemma, with companies producing at or below cost, hindering their ability to invest in R&D and maintain production capacity [2][4]. Group 3: Cost and Pricing Issues - The industry is grappling with price inversions and cost pressures, with production costs driven up by rising prices of upstream raw materials like iron and phosphorus, while product prices lag in transmission to downstream customers [5][6]. - The average cost of LFP materials constitutes 35%-40% of total costs, making it a significant variable affecting profitability [5]. Group 4: Pathways to Resolution - The industry consensus emphasizes the need to shift from price wars to value reconstruction, advocating for a cost index as a pricing metric to curb harmful competition [6]. - Technological innovation is identified as a key direction for industry advancement, with high-end products like high-pressure lithium iron manganese phosphate gaining traction [6]. - Collaborative mechanisms among upstream and downstream players are essential to establish shared risks and benefits, moving away from isolated competitive practices [7]. Group 5: Future Outlook - Despite short-term challenges, the long-term growth potential of the LFP industry remains strong, driven by rapid growth in the energy storage market and increasing demand in the electric vehicle sector [8]. - China holds a unique position in the global LFP supply chain, being one of the few countries capable of industrial-scale production of LFP materials, with a technological lead of 1-2 years over competitors like South Korea and India [8]. - The industry must transition from isolated breakthroughs to comprehensive collaboration across the supply chain to enhance sustainable global competitiveness [8].