炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 这家上市公司董事长，上任两个月即被留置！什么情况？ 每经编辑|杜宇 一则深夜公告，让本已深陷治理僵局的长园科技集团股份有限公司（以下简称ST长园（维权），600525.SH）再添新风波：公司董事长兼法定代表人乔文健 因涉嫌职务违法被实施留置。 11月25日，ST长园发布公告称，公司于11月24日收到惠州市惠阳区监察委员会签发的关于公司董事长兼法定代表人乔文健的《留置通知书》，其因涉嫌职 务违法被实施留置。 公告还称，截至目前，公司未收到有权机关对公司的任何调查或者配合调查文件，暂未知悉留置调查的进展及结论。 公告中明确，公司其他董事、监事和高级管理人员均正常履职，生产经营管理情况正常。 值得注意的是，此时离乔文健当选为董事长仅2个月。 图片来源：公司公告 今年9月12日，公司收到时任董事长吴启权提交的书面辞职报告，吴启权因个人原因申请辞去公司董事长、董事职务及董事会战略委员会委员职务。离任 后，吴启权不在公司及公司下属子公司担任任何职务。 9月27日，公司第九届董事会第十一次会议选举乔文健为公司董事长。表决结果显示：7票同意，2票反对， ...

【环球网财经报道 记者 陈超】在新能源汽车飞驰与储能电站林立的宏大图景背后，作为核心动力源的 磷酸铁锂材料行业，正经历一场前所未有的"冰火两重天"。 来源：环球网 （图说： 研讨会现场） 价格倒挂与成本之困：产业链博弈下的生存挤压 "现在每生产一吨产品，就要贴着成本线甚至低于成本线走，长期下去企业根本没有资金搞研发、保产 能。" 研讨会上，一位企业代表的直言，道出了行业普遍困境。 一方面，市场需求如火如荼。据中国化学与物理电源行业协会数据，2025年1—9月，我国锂离子电池出 口额达553.8亿美元，同比增长26.75%；国内新能源汽车渗透率突破45%，储能装机量激增60%。磷酸铁 锂已占据正极材料近74%的出货量，是动力与储能电池的绝对主力。其中，在国内储能电池领域，其地 位更是难以撼动，以约99%的占比形成巨大优势。旺盛的需求已直接传导至生产端，头部企业订单排期 至2026年，产线持续满负荷运转。 为打破这一僵局，中国化学与物理电源行业协会开展了《磷酸铁锂材料行业成本研究》。协会副秘书长 汤雁指出，当前困境与过往的结构性矛盾密切相关：2024年国内磷酸铁锂正极材料产能就已逼近470万 吨，而实际产量仅23 ...

Core Viewpoint - The lithium iron phosphate (LFP) industry is facing significant challenges, including continuous losses for over three years, rising raw material costs, and pressure from downstream battery manufacturers, leading to a critical need for resolution in the industry [2][3][4]. Industry Challenges - The LFP material prices have plummeted from 173,000 yuan/ton to 34,000 yuan/ton from the end of 2022 to August 2025, a decline of over 80%, while the average debt ratio of six listed companies in the sector is 67.8% [3][4]. - The industry is experiencing a dual squeeze, with upstream raw material prices rising while downstream battery manufacturers refuse to accept price increases, creating a situation where companies face losses regardless of whether they accept orders or not [8][10]. Demand Growth - The core application scenarios for LFP are expanding, with the penetration rate of new energy vehicles exceeding 45% in China, and a projected demand increase of over 30% for LFP materials in the coming year [6][8]. - The energy storage sector is expected to see a 60% year-on-year increase in installed capacity by 2025, with global energy storage battery shipments predicted to grow by 30% in 2026 [6][8]. Competitive Landscape - Chinese LFP products hold a dominant position in the global market due to technological, cost, and supply chain advantages, despite attempts by other countries to reduce reliance on Chinese products [7][8]. - The average cost of LFP production is around 15,600 to 16,200 yuan/ton, while the current market price is approximately 14,770 yuan/ton, leading to losses of nearly 1,000 yuan for every ton sold [9][10]. Industry Response - The establishment of the LFP Materials Subcommittee aims to address industry challenges by auditing costs and providing transparent pricing data to help companies set reasonable prices and curb destructive competition [13][14]. - Companies are exploring collective price increases to counteract the pressure from battery manufacturers, with some firms already controlling production capacity to stabilize prices [14][15]. Future Outlook - The anticipated demand from both domestic and international markets suggests that LFP prices are likely to rise, with projections indicating potential price increases by the end of this year and into the first half of next year [15].

据周波介绍，研究发现，磷酸铁锂材料成本结构呈现"主材占比最高、能耗与直接费用并重"特征，主材 成本占比35%—40%(核心波动因素)，耗能成本、直接费用各占约19%，期间费用占16%，辅料成本仅 5%—6%，清晰勾勒成本构成脉络。 但是，产业发展面临的结构性矛盾不容忽视，自2022年以来，磷酸铁锂材料行业深陷产能过剩、同质化 竞争泥潭，成本与价格矛盾突出，已成为锂电产业链利润承压最为严重的环节。 针对这些痛点，汤雁发出协同行动倡议：以成本指数为"度量衡"，重建市场定价逻辑，遏制"内卷式"恶 性竞争；以创新升级为"突破口"，开辟价值增长新赛道，推动行业从"规模竞争"向"质量竞争"跨越；以 供需平衡为"着力点"，构建协同发展生态，引导产能有序释放。 在研讨会上，中国化学与物理电源行业协会磷酸铁锂材料分会秘书长周波发布《磷酸铁锂材料行业成本 研究》并作解读。据悉，《磷酸铁锂材料行业成本研究》基于2025年1月份至9月份一次烧结工艺(二次 烧结成本会更高)、压实密度2.4—2.55g/cm(主流应用规格)的磷酸铁锂材料，选用平均法与市场份额加权 法得出15714.8元/吨—16439.3元/吨(未税价格)为行业平均成 ...

作为动力电池与储能电池的核心材料，磷酸铁锂以高安全性、长循环寿命及成本优势，支撑全球锂电产 业链运转。我国构建起全球最完整、最具竞争力的供应链体系。 面对连年来"增产不增收"的困境，磷酸铁锂材料行业协会和头部企业正在积极探索破局之道。 11月18日，以"合规筑基创新降本共生破局"为主题的《磷酸铁锂材料行业成本研究》研讨会召开。湖南 裕能(301358.SZ)、安达科技(920809.BJ)、德方纳米(300769.SZ)、万润新能(688275.SH)、丰元锂能 (002805.SZ)等磷酸铁锂行业企业表示，目前正承受来自上下游的双重挤压。当前磷酸铁锂行业前端的 各项化工原料正处于紧缺和价格快速上涨阶段，整个行业扩产动作明显放缓，如何应对明年下游的客户 需求值得思考。 中国化学与物理电源行业协会副秘书长汤雁在研讨会上表示，磷酸铁锂材料行业已成为锂电产业链中竞 争最激烈、利润承压最严重的环节。全行业连续亏损超36个月，6家上市企业平均负债率达67.81%。内 卷式竞争消耗的是宝贵资源，透支的是整个产业的创新活力。 中国化学与物理电源行业协会发出协同行动倡议：以成本指数为"度量衡"，重建市场定价逻辑，遏 制"内卷 ...

当前磷酸铁锂行业扩产动作明显放缓 面对连年来"增产不增收"的困境，磷酸铁锂材料行业协会和头部企业正在积极探索破局之道。 随着下游需求持续增长，磷酸铁锂行业三季度起明显回暖，景气度持续提升。 汤雁谈到，尽管2025年以来，受下游新能源汽车和储能市场快速增长带动，磷酸铁锂材料需求大增，头 部企业订单已排至2026年，产能满产，但磷酸铁锂材料成本压力仍未根本缓解，无序竞争叠加产业链利 润分配不合理，正不断消减我国来之不易的全球供应链优势。 11月18日，以"合规筑基 创新降本 共生破局"为主题的《磷酸铁锂材料行业成本研究》研讨会召开。湖 南裕能(301358.SZ)、安达科技(920809.BJ)、德方纳米(300769.SZ)、万润新能(688275.SH)、丰元锂能 (002805.SZ)等磷酸铁锂行业企业表示，目前正承受来自上下游的双重挤压。当前磷酸铁锂行业前端的 各项化工原料正处于紧缺和价格快速上涨阶段，整个行业扩产动作明显放缓，如何应对明年下游的客户 需求值得思考。 中国化学与物理电源行业协会副秘书长汤雁在研讨会上表示，磷酸铁锂材料行业已成为锂电产业链中竞 争最激烈、利润承压最严重的环节。全行业连续亏损超 ...

Core Insights - Nearly 59% of A-share companies reported a year-on-year increase in net profit for the third quarter, with significant growth observed in sectors such as construction materials, steel, electronics, and non-bank financials [1][5] Financial Performance - Out of 1311 companies that disclosed their Q3 reports, 635 companies had a net profit growth exceeding 10%, while 437 companies saw an increase of over 30%, and 183 companies reported a growth exceeding 100% [2] - Notable companies like Baofeng Energy and Tonghuashun reported net profit growth exceeding 50% for the first three quarters of 2025 [2][3] Sector Performance - Industries such as construction materials, steel, electronics, and non-ferrous metals showed remarkable profit growth, with some sectors exceeding 50% year-on-year [5] - Conversely, sectors like real estate, beauty care, media, light manufacturing, coal, and automotive experienced a decline in net profit [6] Sub-sector Highlights - Specific sub-sectors such as rebar, fisheries, animal health, and optical electronics reported net profit growth exceeding 100% [7] - The semiconductor and food processing sectors also demonstrated strong performance [7] Institutional Interest - Following the Q3 reports, several companies attracted significant institutional research interest, focusing on the reasons behind their profit growth and future market prospects [8] - Companies like Chengdu Tianyi and Huagong Technology reported substantial revenue and profit increases, with a focus on enhancing product competitiveness and expanding global operations [9]

Group 1 - The core point of the article is that ST Changyuan announced the convening of its eighth meeting of the ninth board of directors on August 6, 2025, to discuss the proposal for the re-election of independent directors [2] - For the fiscal year 2024, ST Changyuan's revenue composition is as follows: 66.8% from the power industry, 31.46% from consumer electronics and other smart devices, 0.99% from lithium iron phosphate materials, and 0.75% from other businesses [2]

Group 1 - The revenue composition of ST Changyuan for the year 2024 is as follows: 66.8% from the power industry, 31.46% from consumer electronics and other smart devices, 0.99% from lithium iron phosphate materials, and 0.75% from other businesses [1] Group 2 - ST Changyuan announced on August 6 that the total external guarantees provided by the company and its subsidiaries amount to approximately 6.556 billion yuan, which is 160.45% of the company's most recent audited net assets and 42.12% of the total audited assets [3] - The balance of external guarantees is approximately 3.681 billion yuan, representing 90.09% of the company's most recent audited net assets and 23.65% of the total audited assets [3]

Core Viewpoint - The article discusses the upcoming 2025 Fifth Start Two-Wheeled Vehicle Battery Swap Conference and Lightweight Power Battery Technology Summit, highlighting the growth and developments in the lithium iron phosphate (LFP) battery sector, particularly focusing on Guizhou Anda Technology's expansion in LFP precursor production capacity [1][14]. Group 1: Event Details - The conference will take place on July 10-11, 2025, at the International Hall of the Dingshi Road International Hotel in Bao'an, Shenzhen [1]. - Major sponsors and participants include leading companies in the battery and electric vehicle sectors, such as Yadi Technology Group, Tailling Group, and others [1]. Group 2: Anda Technology's Expansion - Guizhou Anda New Energy Materials Co., Ltd. is advancing its 450,000 tons/year LFP precursor project, with an environmental impact assessment recently publicized [3]. - The project consists of two phases: Area A with a capacity of 300,000 tons and Area B with 150,000 tons, with total investments of 14 billion and 10 billion yuan respectively [3]. Group 3: Financial Performance - Anda Technology reported a revenue of 1.511 billion yuan in 2024, a decrease of 49.02% year-on-year, with a net loss of 679.9 million yuan [5]. - The revenue from LFP and its related products accounted for over 81% of total revenue, with specific revenues of 983 million yuan and 245 million yuan respectively [6]. Group 4: Technological Advancements - Anda Technology has achieved a new generation of LFP production methods and plans to launch the fourth generation of LFP products in 2025 [7]. Group 5: Market Position and Competition - As of the end of 2024, Anda Technology's production capacity includes 150,000 tons/year of LFP and 150,000 tons/year of LFP precursor, with ongoing projects expected to increase total production capacity significantly [9][10]. - The company maintains partnerships with major clients like BYD and is working to diversify its customer base, although it faces challenges in expanding its overseas market presence [10][11]. - The demand for LFP materials in China is projected to grow, with a forecasted increase of 36.3% in shipments to reach 3.3 million tons in 2025, favoring companies with technological and overseas production advantages [11].