1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The price of the lithium carbonate futures 2511 contract rose 0.93% to 73,920 yuan/ton yesterday. The average price of battery - grade lithium carbonate decreased by 50 yuan/ton to 73,550 yuan/ton, and the average price of industrial - grade lithium carbonate dropped by 50 yuan/ton to 71,300 yuan/ton. The price of battery - grade lithium hydroxide (coarse particles) fell by 150 yuan/ton to 73,730 yuan/ton. The warehouse receipt inventory increased by 790 tons to 41,119 tons [3]. - Due to the suspension of raw material supply from Ningde Times' Yichun lithium mine, the joint - venture company Longpan Times of Ningde Times and Longpan Technology stopped production on September 25. It is expected to resume production in November. Longpan Technology is actively expanding procurement sources [3]. - On the supply side, the weekly output increased by 153 tons to 20,516 tons. On the demand side, the weekly output of ternary materials increased by 113 tons to 16,762 tons, and the inventory increased by 351 tons to 17,896 tons; the weekly output of lithium iron phosphate increased by 1,680 tons to 79,823 tons, and the inventory increased by 2,069 tons to 98,286 tons. The weekly inventory decreased by 706 tons to 136,825 tons, mainly due to downstream restocking [3]. - Approaching the National Day, the peak demand season, lithium carbonate destocking, and firm lithium ore prices still support the price. However, the pre - holiday stocking demand may gradually weaken, and there is an expectation of project resumption after the holiday, but there is still some uncertainty. Position management is necessary [3]. 3. Summary According to Relevant Catalogs 3.1 Research View - **Price Changes**: The lithium carbonate futures 2511 contract price increased by 0.93% to 73,920 yuan/ton. Battery - grade lithium carbonate, industrial - grade lithium carbonate, and battery - grade lithium hydroxide prices declined, while the warehouse receipt inventory increased by 790 tons to 41,119 tons [3]. - **News**: Longpan Times stopped production on September 25 due to raw material supply issues and is expected to resume in November. The company is actively seeking new procurement sources [3]. - **Supply and Demand**: Supply increased by 153 tons to 20,516 tons, with different changes in various production methods. Demand for ternary materials and lithium iron phosphate increased in both production and inventory. The overall inventory decreased by 706 tons to 136,825 tons [3]. - **Price Outlook**: Near the National Day, price support exists, but pre - holiday demand may weaken, and post - holiday project resumption has uncertainties [3]. 3.2 Daily Data Monitoring - **Futures and Lithium Ore**: The main and continuous contract closing prices of lithium carbonate futures increased. The price of lithium spodumene concentrate rose by 1 US dollar/ton, while other lithium ore prices remained unchanged [5]. - **Lithium Salts**: The prices of battery - grade lithium carbonate, industrial - grade lithium carbonate, and various types of lithium hydroxide decreased, except for the unchanged price of battery - grade lithium hydroxide (CIF China, Japan, and South Korea). The price of lithium hexafluorophosphate increased by 2,000 yuan/ton [5]. - **Price Spreads**: The price spread between battery - grade and industrial - grade lithium carbonate remained unchanged, while the spread between battery - grade lithium hydroxide and battery - grade lithium carbonate decreased by 100 yuan/ton [5]. - **Precursors and Cathode Materials**: The prices of ternary precursors and cathode materials mostly increased, while the prices of lithium iron phosphate decreased slightly, and the prices of manganese acid lithium remained unchanged. The price of cobalt acid lithium increased by 16,000 yuan/ton [5]. - **Cells and Batteries**: The price of 523 square ternary cells increased slightly, and the price of cobalt acid lithium cells increased by 0.3 yuan/Ah, while other cell and battery prices remained unchanged [5]. 3.3 Chart Analysis - **Ore Prices**: Charts show the price trends of lithium spodumene concentrate, lithium mica, and other ores from 2024 to 2025 [6][8]. - **Lithium and Lithium Salt Prices**: Charts display the price trends of metallic lithium, battery - grade and industrial - grade lithium carbonate, lithium hydroxide, and lithium hexafluorophosphate from 2024 to 2025 [11][13][15]. - **Price Spreads**: Charts present the price spreads between battery - grade lithium hydroxide and battery - grade lithium carbonate, battery - grade and industrial - grade lithium carbonate, and other spreads from 2024 to 2025 [18][20][21]. - **Precursors and Cathode Materials**: Charts show the price trends of ternary precursors, ternary materials, lithium iron phosphate, manganese acid lithium, and cobalt acid lithium from 2024 to 2025 [25][28][30]. - **Lithium Battery Prices**: Charts display the price trends of 523 square ternary cells, square lithium iron phosphate cells, cobalt acid lithium cells, and square lithium iron phosphate batteries from 2024 to 2025 [32][35]. - **Inventory**: Charts show the inventory trends of downstream, smelters, and other links from 2025 [39][41]. - **Production Cost**: The chart presents the production profit trends of lithium carbonate from different raw materials from 2024 to 2025 [45]. 3.4 Research Team Introduction - Zhan Dapeng, a science master, is the director of the non - ferrous research department at Everbright Futures Research Institute, with rich experience and many honors [47]. - Wang Heng, a finance master from the University of Adelaide, Australia, focuses on aluminum and silicon research [48]. - Zhu Xi, a science master from the University of Warwick, UK, mainly studies lithium and nickel [48].

Core Insights - The article highlights the participation of EVE Energy (亿纬锂能) in the Solar & Storage Live UK 2025 event, showcasing its flagship Mr series products and comprehensive energy storage solutions, demonstrating the company's capabilities in large cell technology commercialization [1] - EVE Energy has signed a strategic cooperation agreement with Polish smart photovoltaic system provider CommVOLT for a 500MWh project, aimed at advancing energy transition in Europe [1] Company Highlights - EVE Energy showcased its Mr flagship series and energy storage solutions at a prominent industry event [1] - The strategic partnership with CommVOLT signifies EVE Energy's commitment to expanding its footprint in the European energy market [1] Industry Context - The collaboration with CommVOLT is part of a broader trend in the energy sector focusing on renewable energy and energy storage solutions, which are critical for the transition to sustainable energy systems in Europe [1]

Core Viewpoint - The article discusses the strategic capital increase and shareholding restructuring between Fulin Precision and CATL, aimed at enhancing the competitive edge and capital strength of Jiangxi Shenghua New Materials [1]. Group 1: Investment and Shareholding Structure - Fulin Precision plans to invest RMB 1 billion, while CATL will invest RMB 2.563 billion in Jiangxi Shenghua, resulting in CATL holding a 51% stake and Fulin Precision holding 47.4096% [1]. - This transaction is expected to constitute a significant asset restructuring, with the company's stock remaining listed during the planning phase [1]. Group 2: Strategic Cooperation and Market Development - The capital increase is part of a broader strategic partnership between Fulin Precision and CATL, focusing on equity and capital collaboration [1]. - The investment aims to accelerate the development of high-performance lithium iron phosphate products, international expansion, supply chain upgrades, and growth in the energy storage market for Jiangxi Shenghua [1].

Core Viewpoint - The signing of the investment agreement for the Chuangneng Xiangyang Lithium Battery Industrial Park marks a significant milestone in Xiangyang's development of a billion-level new energy industry cluster, aligning with the province's strategic goals [5][7]. Group 1: Project Overview - The Chuangneng Xiangyang Lithium Battery Industrial Park is planned to have an annual production capacity of 70 GWh, focusing on the research and manufacturing of energy storage batteries, power batteries, packs, and prefabricated cabins [3]. - The project aims to become a leading scale and technologically advanced new energy industry hub, effectively promoting the transformation and upgrading of Xiangyang and Hubei's new energy industry [3][5]. Group 2: Strategic Importance - The project is a key part of Chuangneng's strategy to achieve a trillion-yuan industry goal, expected to bring significant economic and social benefits upon completion [7]. - Chuangneng plans to establish a collaborative industrial community with its other facilities in Xiaogan, Wuhan, and Yichang, creating a comprehensive lithium battery ecosystem that covers research innovation, large-scale manufacturing, and high-end applications [7]. Group 3: Government Support - The Xiangyang municipal government is committed to optimizing the business environment and providing full support to ensure the project is completed and operational as soon as possible [5]. - The local government views the partnership with Chuangneng as highly compatible with Xiangyang's industrial layout and development needs, emphasizing the potential for significant market opportunities [5].

每经AI快讯，有投资者在投资者互动平台提问：请问公司目前还持有鹏辉能源多少股份？ 天力锂能（301152.SZ）9月29日在投资者互动平台表示，截至目前，公司未持有鹏辉能源股份。 （记者 王晓波） ...

Core Viewpoint - Ganfeng Lithium (002460)(01772) has seen a stock price increase of over 6%, currently trading at 42.04 HKD with a transaction volume of 868 million HKD, following the announcement of a capital increase plan for Ganfeng Lithium's subsidiary, Ganfeng Lithium Battery [1] Group 1: Capital Increase Announcement - Ganfeng Lithium Battery plans to introduce investors to enhance its overall strength and support the company's lithium ecosystem integration strategy [1] - The capital increase will be conducted at a price of 3 RMB per 1 RMB of registered capital, with a total amount not exceeding 250 million RMB [1] - The final investment entities will be determined after internal approval processes are completed [1] Group 2: Strategic Implications - The capital increase is expected to create favorable conditions for Ganfeng Lithium Battery's planned spin-off listing [1] - By bringing in external investors, Ganfeng Lithium Battery aims to optimize its equity structure and improve governance, laying a solid foundation for future independent listing [1] - Ganfeng Lithium Battery has previously gained recognition from the capital market, including investments from notable firms such as Xiaomi Industrial Investment and Jimo Venture Capital in 2022 [1] Group 3: Company Overview - Ganfeng Lithium Battery has a registered capital of 250.89 million RMB and its main business includes the research, production, and sales of lithium-ion power batteries, fuel cells, energy storage batteries, and related equipment [1] - Ganfeng Lithium holds an 81.65% stake in Ganfeng Lithium Battery [1]

9月30日，宁德时代盘中上涨2.02%，截至09:51，报405.40元/股，成交28.81亿元，换手率0.17%，总市 值18492.94亿元。 资金流向方面，主力资金净流入3454.47万元，特大单买入6.17亿元，占比21.42%，卖出7.06亿元，占比 24.50%；大单买入9.54亿元，占比33.11%，卖出8.31亿元，占比28.83%。 宁德时代今年以来股价涨56.38%，近5个交易日涨10.12%，近20日涨33.85%，近60日涨54.55%。 分红方面，宁德时代A股上市后累计派现611.05亿元。近三年，累计派现581.56亿元。 机构持仓方面，截止2025年6月30日，宁德时代十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股6.07亿股，相比上期增加5206.86万股。易方达创业板ETF（159915）位居第六大流通股 东，持股6401.77万股，相比上期减少164.97万股。华泰柏瑞沪深300ETF（510300）位居第八大流通股 东，持股4699.65万股，相比上期增加378.79万股。易方达沪深300ETF（510310）位居第十大流通股 东，持股3354.13万股， ...

Core Viewpoint - The company, Fulin Precision, and CATL plan to jointly increase capital in their subsidiary, Jiangxi Shenghua New Materials, to enhance strategic cooperation and accelerate development in lithium iron phosphate products and energy storage markets [2][30]. Group 1: Transaction Overview - Fulin Precision intends to invest RMB 1 billion, acquiring RMB 813,008,130 of new registered capital in Jiangxi Shenghua, while CATL will invest RMB 2,563,380,110 for RMB 2,084,048,870 of new registered capital [2][30]. - Post-transaction, CATL will hold a 51% stake in Jiangxi Shenghua, while Fulin Precision will hold 47.4096% [2][30]. - The transaction is expected to constitute a major asset restructuring as per regulations, requiring board and shareholder approvals, as well as regulatory clearance [2][30][39]. Group 2: Financial and Corporate Structure - The total assessed value of Jiangxi Shenghua's equity is RMB 93,075 million, with a per capital valuation of RMB 1.1351 [8]. - The agreed subscription price for the new capital is RMB 1.23 per registered capital unit, reflecting a strategic valuation based on market conditions and future potential [8][30]. - The transaction will not involve the issuance of new shares by the listed company and will not alter the control of the company [2][30][39]. Group 3: Strategic Implications - The capital increase aims to strengthen the partnership with CATL, enhancing Jiangxi Shenghua's capabilities in product development and market expansion [30]. - The investment is expected to improve Jiangxi Shenghua's financial strength and competitive position in the lithium battery sector, potentially leading to higher profitability and returns for Fulin Precision [30]. - The restructuring will result in Jiangxi Shenghua becoming a subsidiary of CATL, impacting the consolidated financial statements of Fulin Precision [30].

本次交易前，安徽丰元的股权结构为丰元锂能持股71.44%，安徽金通持股15.01%，安庆皖江高科技投 资发展有限公司持股13.56%。交易完成后，丰元锂能的持股比例将上升至74.76%，安徽金通的持股比 例则降至11.68%。 公告明确指出，本次交易的对手方安徽金通因在过去十二个月内曾持有公司5%以上股份，根据《深圳 证券交易所股票上市规则》等相关规定，构成公司关联方，因此本次股权转让事项构成关联交易。 9月29日晚间，丰元股份（002805.SZ，股价14.18元，市值39.71亿元）发布公告披露，公司全资子公司 山东丰元锂能科技有限公司（以下简称"丰元锂能"）将以3000万元，收购其控股孙公司安徽丰元锂能科 技有限公司（下称"安徽丰元"）3.32%的少数股东权益。 交易对手方为在过去十二个月内曾持有丰元股份5%以上股份的安徽金通新能源汽车二期基金合伙企业 （有限合伙）（以下简称"安徽金通"）。本次交易完成后，丰元锂能对安徽丰元的持股比例将从71.44% 上升至74.76%，进一步巩固了公司对这一核心锂电资产的控制权。 《每日经济新闻》记者注意到，本次收购虽以资产评估报告为定价依据，溢价率为3.06%，但标 ...

今日（9月29日）三大指数震荡走强，深证成指、创业板指均涨超2%。盘面上，锂电池概念掀涨停潮，万润新能、易成新能、天赐材料等逾10多 股涨停；证券板块午后大涨，华泰证券、国盛金控涨停。 从今日主力资金情况来看，沪深两市全天主力资金净流出33.85亿元。11个行业主力资金净流入，非银金融、计算机行业主力资金净流入居前，金 额分别为50.99亿元、12.56亿元；电力设备、家用电器、汽车、钢铁行业主力资金净流入均超3亿元。 （原标题：主力资金丨5股尾盘获主力资金大幅抢筹） 20个主力资金净流出行业中，电子行业主力资金净流出金额居首，金额为26.12亿元；通信、国防军工、医药生物、传媒行业主力资金净流出金额 均超10亿元；机械设备、房地产、银行、农林牧渔行业主力资金净流出金额均超4亿元。 非银金融、计算机行业主力资金净流入居前。 5股获主力资金净流入 均超10亿元 从个股看，74股主力资金净流入均超2亿元，5股获主力资金净流入均超10亿元。 今日96股主力资金净流出均超1亿元，11股净流出金额均超3亿元。 其中，先导智能、沃尔核材主力资金净流出金额均超10亿元，和而泰、海光信息、中际旭创、赛力斯等热股净流出也居前。 ...