9月26日，科达利盘中下跌2.06%，截至10:39，报173.79元/股，成交4.12亿元，换手率1.18%，总市值 475.47亿元。 分红方面，科达利A股上市后累计派现13.12亿元。近三年，累计派现10.22亿元。 机构持仓方面，截止2025年6月30日，科达利十大流通股东中，泉果旭源三年持有期混合A（016709） 位居第二大流通股东，持股1069.84万股，相比上期增加46.62万股。香港中央结算有限公司位居第三大 流通股东，持股664.35万股，相比上期减少466.80万股。东方新能源汽车主题混合（400015）位居第五 大流通股东，持股475.48万股，持股数量较上期不变。华夏能源革新股票A（003834）位居第七大流通 股东，持股303.44万股，持股数量较上期不变。农银新能源混合A（002190）位居第八大流通股东，持 股297.69万股，持股数量较上期不变。南方中证500ETF（510500）位居第九大流通股东，持股282.04万 股，相比上期增加39.67万股。国投瑞银新能源混合A（007689）位居第十大流通股东，持股196.20万 股，相比上期减少26.95万股。 资金流向方面，主 ...

Group 1 - The core viewpoint of the news is that Fulin Technology's stock has shown significant performance, with a year-to-date increase of 79.40% and a market capitalization of 25.432 billion yuan [1] - As of September 26, Fulin Technology's stock price was 20.81 yuan per share, with a trading volume of 84.0351 million yuan and a turnover rate of 0.33% [1] - The company has seen a net inflow of main funds amounting to 2.6097 million yuan, with large orders contributing significantly to the buying activity [1] Group 2 - For the first half of 2025, Fulin Technology reported operating revenue of 4.353 billion yuan, a year-on-year decrease of 37.58%, while the net profit attributable to shareholders was -162 million yuan, an increase of 14.92% year-on-year [2] - The number of shareholders as of June 30 was 25,900, a decrease of 1.24% from the previous period, with an average of 47,119 circulating shares per person, an increase of 1.25% [2] Group 3 - Fulin Technology specializes in the research, production, and sales of lithium-ion power batteries for new energy vehicles, with 96.47% of its revenue coming from power battery systems [1] - The company is categorized under the electric equipment industry, specifically in the battery sector, and is involved in various concepts such as solid-state batteries, ternary lithium, lithium iron phosphate, battery recycling, and sodium batteries [1]

格隆汇9月25日丨赣锋锂业(002460.SZ)公布，为提升赣锋锂电的综合实力，助力公司锂生态上下游一体 化战略布局，赣锋锂电拟引入投资人，共同对赣锋锂电以货币方式进行增资，增资价格为人民币3元/1 元注册资本，增资金额合计不超过人民币250,000万元。因投资人内部审批决策流程及进度不同，最终 投资主体将在其内部审批决策通过后，与公司在董事会审议通过的增资额度内协商确定。 ...

智通财经APP讯，赣锋锂业(002460.SZ)公告，公司控股子公司江西赣锋锂电科技股份有限公司(简称"赣 锋锂电")拟引入投资人以货币方式进行增资，增资金额合计不超过25亿元。公司放弃本次增资的优先认 购权，以及后续可能的优先购买权。本次交易有利于提升赣锋锂电资金实力，降低资产负债率，促进其 可持续高质量发展，助力公司锂生态上下游一体化战略布局。 ...

Core Viewpoint - Ganfeng Lithium plans to raise up to 2.5 billion yuan through capital increase by introducing investors, which will enhance the financial strength of its subsidiary, Ganfeng Lithium Battery Technology Co., Ltd, and support its sustainable high-quality development [1] Group 1 - The capital increase amount is not to exceed 2.5 billion yuan [1] - The company will waive its preferential subscription rights for this capital increase and any potential future rights [1] - This transaction aims to improve the financial position and reduce the debt-to-asset ratio of Ganfeng Lithium Battery [1] Group 2 - The capital increase is part of the company's strategy to promote the integration of its lithium ecosystem across upstream and downstream operations [1]

Core Transaction Highlights - Capital Increase Scale: The controlling subsidiary Ganfeng Lithium plans to introduce investors for a capital increase, with a total amount not exceeding 250,000 million yuan [1] - Capital Increase Price: 3 yuan per 1 yuan of registered capital [1] - Investment Method: Monetary capital increase, with the final investment entity to be determined after internal approval [1] - Control: After the capital increase, Ganfeng Lithium will remain a controlling subsidiary of the company, not affecting the scope of consolidated financial statements [1] Financial Status of the Target Company - Equity Ratio: The company holds an 81.65% stake in Ganfeng Lithium [1] - Asset-Liability Ratio: As of June 30, 2025, the asset-liability ratio is 68.02% [1] - Operating Conditions: For the first half of 2025, the operating revenue is 2.599 billion yuan, with a total profit loss of 62.7176 million yuan [1] - Assessment Value: As of June 30, 2025, the assessed value of total shareholders' equity is 75.3 billion yuan [1] Exit Arrangements - Profit Distribution: When performance targets are met, profits will be distributed according to the actual paid-in capital ratio, with an investor dividend rate of 5.5% [1] - Exit Methods: Includes various methods such as capital market exit, priority purchase rights for controlling shareholders, special transfer exit, and targeted capital reduction exit [1] - Exit Timeline: Related exit mechanisms can be initiated within 36 months from the date of delivery [1]

人民财讯9月25日电，赣锋锂业（002460）9月25日公告，公司控股子公司江西赣锋锂电科技股份有限公 司(简称"赣锋锂电")拟引入投资人，共同对赣锋锂电以货币方式进行增资，增资价格为3元/1元注册资 本，增资金额合计不超过25亿元。增资完成后，赣锋锂电仍是公司的控股子公司。 ...

格隆汇9月25日｜江西赣锋锂业集团股份有限公司控股子公司江西赣锋锂电科技股份有限公司拟引入投 资人以货币方式进行增资，增资金额合计不超过人民币250,000万元。本次交易事项未构成关联交易， 亦不构成重大资产重组。本次增资事项符合公司的发展需要，不存在损害公司和全体股东利益的情形， 将对公司长期财务及经营状况产生积极影响。 ...

Core Viewpoint - The announcement from Shengyang Co., Ltd. indicates that a portion of the funds in the bank accounts of its subsidiary, Shandong Shengyang Lithium Technology New Energy Co., Ltd., has been frozen due to a lawsuit filed by Tianli Lithium Energy (Rights Protection) Group Co., Ltd. regarding a sales contract dispute, involving a total amount of 371,000 yuan. The company has reached a settlement with Tianli Lithium Energy and has submitted an application to withdraw the lawsuit and lift the asset preservation measures. This incident is stated to have no significant impact on the company's daily operations [1]. Financial Impact - The frozen amount due to the court's action is 371,000 yuan, which is approximately 0.057 million dollars [1]. Legal Proceedings - The freezing of funds is a result of a lawsuit related to a sales contract dispute initiated by Tianli Lithium Energy, which has been resolved through a settlement [1]. Operational Impact - The company asserts that this legal issue will not have a major effect on its daily business operations [1].

Core Viewpoint - The demand for high-pressure lithium iron phosphate (LFP) is increasing due to the performance improvements in energy storage and power batteries, while the supply is constrained by the complexity of production processes and the limited number of companies capable of mass production [1][2][4]. Group 1: Market Demand and Supply Dynamics - High-pressure LFP is in high demand due to the scaling of large-capacity, high-energy, and fast-charging batteries [1]. - The production of high-pressure LFP requires strict raw material purity and particle size distribution, with only a few companies mastering mass production technology [1][2]. - The pricing mechanism for LFP has shifted to a model based on "raw material market price + processing fee," with high-pressure LFP commanding an additional processing fee of 2000-5000 yuan per ton compared to standard products [1]. Group 2: Competitive Landscape - The production capacity for fourth-generation high-pressure LFP (≥2.6g/cm³) is concentrated among leading companies such as Fulin Precision, Hunan Youneng, Longpan Technology, and Defang Nano, which limits the survival space for smaller firms [2]. - Despite the capacity of leading firms, actual production and future capacity ramp-up will take time, leading to a significant demand gap in the short term [2][4]. - The market for fourth-generation LFP is expected to see concentrated supply once leading companies complete their capacity expansions, potentially altering the competitive landscape [2]. Group 3: Industry Trends and Innovations - The performance of energy storage batteries is improving, with average capacity utilization rates for leading battery companies reaching 70%-80%, and some even exceeding 80% [5][6]. - The domestic energy storage market saw a cumulative installed capacity of 23.03 GW/56.12 GWh in the first half of 2025, a year-on-year increase of 68% [6]. - The mainstream density for LFP materials is currently between 2.5-2.55 g/cm³, with ongoing technological iterations pushing for larger capacities and longer cycle lives [6]. Group 4: Strategic Moves by Companies - Leading LFP companies are accelerating their fourth-generation product layouts, with Fulin Precision's subsidiary signing a prepayment agreement with CATL to enhance high-pressure LFP supply [10][11]. - Hunan Youneng has introduced its fourth-generation LFP products, achieving batch supply after important customer certifications [11]. - Smaller firms are also making moves, with companies like Pengbo New Materials and Wanhua Chemical planning to invest in high-pressure LFP production projects [13].