证券代码：300477 证券简称：ST 合纵 合纵科技股份有限公司 投资者关系活动记录表 编号：20250919-01 | 投资者关系活动 | □特定对象调研 分析师会议 □ | | --- | --- | | 类别 □ | 媒体采访 业绩说明会 □ | | □ | 新闻发布会 路演活动 □ | | □ | 现场参观 | | ☑ | 其他：2025 年湖南辖区上市公司投资者网上集体接待日暨半 | | | 年度业绩说明会 | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 2025 | 年 月 日 (周五) 下午 9 19 15:30~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开业绩说明会 | | 上市公司接待人 | 1、财务总监 张晓杰 | | 员姓名 | 2、董事会秘书 王萍 | | | 3、证券事务代表 钱金峰 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、张总，贵司目前财务状况如何？是否有市值管理打算？ | | | 您好，感谢您对公司的关心和支持。 ...

Core Viewpoint - Hunan Youneng is leading the global lithium iron phosphate (LFP) market with a production capacity of 858,000 tons of phosphate cathode materials by June 2025, and is actively expanding its overseas projects [3][4]. Group 1: Overseas Expansion - Hunan Youneng is planning two major overseas project bases, one in Spain with an annual production capacity of 50,000 tons, targeting the European and American markets, with a total investment of approximately 982 million RMB (about 129 million euros) and a construction period of 15 months [4]. - The second project is in Malaysia, aiming for an annual production of 90,000 tons of lithium battery cathode materials, with a total investment of about 560 million Malaysian Ringgit (approximately 950 million RMB) [5]. - The company has established a project company in Spain and is in the substantive construction phase, with total investments expected to exceed 6 billion RMB [5]. Group 2: Market Position and Revenue - Hunan Youneng has maintained the highest global shipment volume of lithium iron phosphate since 2020, with a shipment volume of 480,800 tons in the first half of this year, representing a year-on-year increase of 55.38% [6]. - The company's revenue for the first half of the year reached 14.077 billion RMB, a year-on-year growth of 32.76%, with a gross profit margin of 6.97% [6]. - The majority of Hunan Youneng's revenue is concentrated in domestic markets, with 97.5% of revenue coming from East China, South China, Central China, and Southwest China, highlighting the importance of expanding into higher-margin overseas markets [5]. Group 3: Product Development and Profitability - Hunan Youneng is adjusting its product structure to enhance profitability, with new products like the CN-5 and YN-9 series contributing to approximately 40% of total sales, amounting to 193,400 tons [6]. - The company forecasts a total shipment of around 1 million tons of phosphate cathode materials for the entire year, which would represent a 40% increase compared to 710,600 tons in 2024 [6]. Group 4: Resource Control - Hunan Youneng is advancing its phosphate mining operations, which are expected to positively impact profits once production ramps up [7]. - The company controls mining rights for two major phosphate mines in Guizhou, with the Huangjiapo mine designed for an annual output of 1.2 million tons and the Dashichang mine expected to achieve large-scale production by the second half of 2025 [7][8].

Group 1 - The company has confirmed that composite copper foil and composite aluminum foil can be used in lithium batteries, which is considered a cutting-edge technology in the lithium battery materials field [2]

Group 1 - The company has raised 980 million yuan for the expansion of lithium battery cathode materials project [2] - The company is working on projects including ultra-high nickel ternary, NCA, and next-generation lithium cobalt oxide, with varying degrees of R&D progress [2] - Detailed information regarding the projects can be found in the company's regular reports [2]

格隆汇9月22日丨道氏技术(300409.SZ)在投资者互动平台表示，公司单壁碳纳米管已向多家电芯客户供 货，并向多家锂电池领域知名企业及海外客户送样进行测试，同步正在积极推进大规模量产工作；硅碳 负极产品布局覆盖消费电池、数码电池、动力电池及固态电池等多个领域，与行业内的众多企业开展评 测和送样合作，并已成功导入部分客户；硫化物和氧化物电解质正在积极与多家头部企业进行送样测 试，并且部分客户已经通过测试，从客户端反馈数据来看，各项性能指标优异，处于行业先进水平。 ...

Report Industry Investment Rating - Not provided in the report Report's Core View - On September 19, the main contract of lithium carbonate futures fluctuated upward. The spot market trading was fair, and the basis changed from premium to discount. Considering cost, spodumene concentrate prices rose, as did mica prices. On the supply side, lithium carbonate production increased last week, with output from different raw materials rising. In terms of downstream demand, lithium iron phosphate production and ternary material production increased last week. In September, lithium cobaltate and lithium phosphate production schedules increased, and power battery production was basically flat last week. In terms of terminal demand, the year - on - year growth rate of new energy vehicle production slowed in August, 3C shipments were average, and energy - storage battery production increased in September. In terms of inventory, registered warehouse receipts increased by 130 tons to 39484 tons, social inventory decreased, with smelters and others destocking, and downstream restocking. Overall, the current supply and demand are both strong, upstream inventory pressure is not large, and as downstream lithium mine resumption is actively advancing, the expectation of supply contraction weakens. It is expected that lithium carbonate prices will fluctuate at a low level. One should be vigilant about the downstream restocking node and the deadline for Jiangxi mine - end reserve reports [1]. Summary by Relevant Catalogs Lithium Carbonate Futures Market - **Prices**: On September 19, the closing prices of the near - month contract, consecutive - one contract, consecutive - two contract, and consecutive - three contract were 73760 yuan/ton, 73960 yuan/ton, 74040 yuan/ton, and 73960 yuan/ton respectively, with changes of 1140 yuan/ton, 1100 yuan/ton, 1100 yuan/ton, and 1100 yuan/ton compared to the previous day [1]. - **Volume and Open Interest**: The trading volume of lithium carbonate futures was 370359 hands (- 131910), and the open interest was 281264 hands (- 147) [1]. - **Spreads**: The spread between the near - month and consecutive - one contracts was 160 yuan/ton, the spread between consecutive - one and consecutive - two contracts was - 20 yuan/ton, and the spread between consecutive - two and consecutive - three contracts was 0 yuan/ton [1]. - **Basis**: The basis (SMM battery - grade lithium carbonate average price - lithium carbonate active contract closing price) was 1290 yuan/ton [1]. Lithium Ore Prices - **Spodumene Concentrate**: The average price of spodumene concentrate (6%, CIF China) was 842 US dollars/ton [1]. - **Lithium Mica**: The average price of lithium mica (Li2O: 1.5% - 2.0%) was 1150 yuan/ton, and the average price of lithium mica (Li2O: 2.0% - 2.5%) was 1880 yuan/ton [1]. - **Phospho - lithium - aluminum Stone**: The average price of phospho - lithium - aluminum stone (Li2O: 6% - 7%) was 5770 yuan/ton, and the average price of phospho - lithium - aluminum stone (Li2O: 7% - 8%) was 7215 yuan/ton [1]. Lithium Salt Prices - **Lithium Carbonate**: The average price of battery - grade lithium carbonate (99.5%, domestic) was 73500 yuan/ton, and the average price of industrial - grade lithium carbonate (99.2%, domestic) was 71250 yuan/ton [1]. - **Lithium Hydroxide**: The average price of battery - grade lithium hydroxide (56.5%, CIF China, Japan, and South Korea) was 9.3 US dollars/kg, the average price of battery - grade lithium hydroxide (56.5%, coarse - particle, domestic) was 74050 yuan/ton, and the average price of battery - grade lithium hydroxide (56.5%, micron - powder type, domestic) was 78970 yuan/ton [1]. Other Battery Material Prices - **Lithium Iron Phosphate**: The average price of power - type lithium iron phosphate was 33630 yuan/ton, the average price of mid - to high - end energy - storage type lithium iron phosphate was 32235 yuan/ton, and the average price of low - end energy - storage type lithium iron phosphate was 29430 yuan/ton [1]. - **Lithium Cobaltate**: The average price of lithium cobaltate (60%, 4.35V, domestic) was 236500 yuan/ton [1]. - **Electrolyte**: The average price of electrolyte for ternary power batteries was 22250 yuan/ton, the average price of electrolyte for lithium iron phosphate batteries was 18250 yuan/ton, and the average price of electrolyte for lithium cobaltate batteries was 0 yuan/ton [1]. Inventory - **Registered Warehouse Receipts**: The registered warehouse receipts of lithium carbonate were 39484 tons (+ 130) [1]. - **SMM Lithium Carbonate Inventory**: The total SMM lithium carbonate inventory was 137531 tons, with smelters and others destocking and downstream restocking [1]. News and Information - Argentina exported 8099.95 tons of lithium carbonate in August, with 6528 tons exported to China [1]. - The president of the China Non - Ferrous Metals Industry Association stated that many domestic alumina enterprises' projects are accelerating, and lithium battery raw material enterprises should rationally judge the industry scale and supply - demand relationship [1]. Investment Strategy - It is recommended to wait and see [1].

消息面上，富临精工于9月18日发布公告，称其控股子公司江西升华与宁德时代签订《预付款协议》。 宁德时代将向江西升华支付供计15亿元的预付款，用于锁定磷酸铁锂供应量，并支持江西升华布局原材 料建设，协议有效期自签订之日起至2026年12月31日止。 21财经·南财快讯记者以投资者身份致电富临精工，相关人士回应，目前公司的高压实密度磷酸铁锂正 极材料相关产品受到高端客户青睐，主要客户为宁德时代。后续若预付款协议顺利履行，随着产能的持 续放量、销售订单扩大，产线的规模效应也会进一步显现，因此对锂电池材料业务产生积极影响。查看 原文：宁德时代15亿预付款锁定供应，富临精工一度大涨8%，公司回应刚刚 南方财经9月19日电，早盘富临精工（300432.SZ）股价一度大涨近8%，截至午间收盘，富临精工涨 19.5%，报16.17元/股。 ...

Core Viewpoint - Silicon Treasure Technology (硅宝科技) is advancing its production capabilities and market presence in the silicon-carbon anode materials sector for lithium batteries, with significant milestones achieved in production and sales growth [1] Group 1: Production and Development - In 2019, the company established a pilot production line with a capacity of 50 tons per year for silicon-carbon anodes, which was recognized as internationally advanced by the Sichuan Provincial Economic and Information Technology Department [1] - In 2021, the company founded "Silicon Treasure (Meishan) New Energy Materials Co., Ltd." to invest in a project for 50,000 tons per year of silicon-carbon anode materials and specialized adhesives [1] - By 2024, the company expects its 1,000 tons per year pilot line to be operating stably, achieving sales in the hundred-ton range, with new silicon-carbon products reaching a ton-level breakthrough [1] Group 2: Market Expansion and Sales Growth - In the first half of 2025, both the 1,000 tons per year pilot line and the 3,000 tons per year production line are anticipated to operate stably, leading to rapid sales growth of silicon-carbon anode materials due to strong product capabilities and deepening customer relationships [1] - The company is actively expanding its customer base, gradually increasing its market share [1] - The 50,000 tons per year project for silicon-carbon anode materials and specialized adhesives is progressing as planned, with a focus on deepening collaboration with strategic customers from R&D to mass production, accelerating the commercialization of silicon-carbon anodes in the high-end battery market [1]

富临精工(300432.SZ)公告，公司控股子公司江西升华新材料有限公司(简称"江西升华")此前已与宁德时 代签订《业务合作协议》及其补充协议。近日公司控股子公司江西升华于近日与宁德时代签订《预付款 协议》，约定宁德时代向江西升华支付共计人民币15亿元的预付款，用于锁定江西升华向宁德时代承诺 磷酸铁锂供应量，并支持江西升华布局更有竞争力的原材料建设。预付款项将分为两次支付，于2025年 9月支付5亿预付款，2025年11月支付10亿预付款。 ...

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：综合自采招网、 寻乌县人民政府网 8月20日， 寻乌县行政审批局收到赣州宏锂环保科技有限公司提交的《关于赣州宏锂环保科技寻乌县磷酸铁锂正极材料项目环境影响报告表的批复申请撤销的 函》， 同意撤销该项目环评批复 文件 。 自公告之日起该项目环评批复文件即行作废。 该项目位于江西省赣州市寻乌县文峰乡，占地面积80000平方米，总投资55000万元， 原计划年产10000吨磷酸铁锂正极材料， 副产硫酸钠。项目利用石湾 环球陶瓷二期标准厂房及空地，建设内容包括生产车间、原料库、环保设施等，并采用磨粉、浸出、烧结等工艺。 2024年4月，寻乌县正式作出环评批复决定。 2025年8月19日，赣州宏锂环保科技提交《关于撤销环评批复的函》， 明确因 经营战略调整 和 产品市场行情下滑 ，已建成生产线不再投入生产， 项目不 再产生排污及危险废物。 会议详情： 会议主办： 鑫椤资讯 会议时间： 2025年11月12-13日（12号报到） 会议地点： 中国·上海 会议咨询： 13248122922(微信同） END ...