证券代码：002805 证券简称：丰元股份 山东丰元化学股份有限公司 投资者关系活动记录表 编号：2025-011 | 投资者关系 | □特定对象调研 □分析师会议 □业绩说明会 | | --- | --- | | 活动类别 | □媒体采访 □新闻发布会 √路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 中邮证券、银华基金、华宝基金、诺德基金 | | 及人员姓名 | | | 时间 | 2025 年 11 月 21 日 | | 地点 | 上海 | | 上市公司接待 | 倪雯琴（董事会秘书） | | 人员姓名 | | | | 本次交流会中，互动问答的主要内容（口头交流内容表述 | | | 可能存在误差，如与正式公告内容冲突，请以正式公告披露内 | | | 容为准）如下： | | | 1、能否介绍公司磷酸铁锂的产能布局规划、建设推进进度， | | | 以及当前产能利用率情况？ | | 投资者关系活动 | 截至目前，公司已建成的磷酸铁锂产能共计 22.5 万吨， | | 7.5 主要内容介绍 | 万吨产能处于在建阶段，公司也会根据行业的发展趋势和 | | | 下游客户的需求变化，在产能建设实施过程 ...

| 投资者关系 | √特定对象调研 □分析师会议 □业绩说明会 | | --- | --- | | 活动类别 | □媒体采访 □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 易方达基金、华夏基金、博时基金 | | 及人员姓名 | | | 时间 | 2025 年 11 月 20 日 | | 地点 | 深圳 | | 上市公司接待 | 庞林（总经理/财务总监） | | 人员姓名 | | | | 本次交流会中，互动问答的主要内容（口头交流内容表述 | | | 可能存在误差，如与正式公告内容冲突，请以正式公告披露内 | | | 容为准）如下： | | | 1、请问公司磷酸铁锂产能的布局规划、建设推进节奏，以及 | | | 目前产能利用率处于什么水平？ | | 投资者关系活动 | 截至目前，公司已建成的磷酸铁锂产能共计 22.5 万吨， | | 主要内容介绍 | 7.5 万吨产能处于在建阶段，产能分布在公司枣庄、玉溪、安 | | | 庆的三个基地。公司也会根据行业的发展趋势和下游客户的需 | | | 求变化，在产能建设实施过程中进行实时调整。 | | | 从 2025 年第四季度开始， ...

Core Viewpoint - Shandong Fengyuan Chemical Co., Ltd. held a roadshow on November 17, 2025, to discuss its core business progress, capacity layout, and future development plans with six institutional investors [1][2]. Group 1: Core Business and Development Plans - The company has established a total production capacity of 100,000 tons per year for oxalic acid, utilizing a modified carbohydrate oxidation method that offers high yield, low energy consumption, strong economic recovery of exhaust gases, and a short process flow, enhancing its competitive edge [3]. - In the lithium iron phosphate business, the company has built a capacity of 225,000 tons, with a high effective capacity utilization rate, indicating strong market demand for its products [4]. Group 2: Product Pricing Strategy - The company plans to dynamically adjust product prices by closely monitoring industry trends and engaging in active negotiations with customers, considering factors such as downstream customer demand and raw material price fluctuations to achieve long-term mutual benefits [5]. Group 3: Performance Expectations - The company anticipates significant growth in the global power battery and energy storage battery markets, which will create vast development opportunities for the lithium battery cathode material industry. It aims to enhance overall operational efficiency and profitability by focusing on cost reduction, efficiency improvement, and management enhancement [6].

Group 1: Business Overview - The company has a total production capacity of 100,000 tons per year for industrial oxalic acid, refined oxalic acid, and oxalic acid derivatives, utilizing advanced processes with high yield and low energy consumption [2] - The current production capacity for lithium iron phosphate is 225,000 tons, with an additional 75,000 tons under construction [3] Group 2: Production and Utilization - The effective capacity utilization rate for lithium iron phosphate products remains high due to sustained growth in downstream demand since Q4 2025 [3] Group 3: Pricing and Market Strategy - The company is closely monitoring industry trends and engaging in negotiations with customers to adjust product prices based on various factors, including raw material price fluctuations [3] Group 4: Future Outlook - The global market for power batteries and energy storage batteries is showing clear growth, providing significant development opportunities for the lithium battery cathode materials industry [3] - The company aims to enhance overall operational efficiency and profitability through deepened cooperation, cost reduction, and improved management practices [3] Group 5: Investor Communication - The company ensured compliance with information disclosure regulations during investor communications, avoiding any leakage of undisclosed significant information [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 11月14日，山东丰元化学股份有限公司（以下简称"公司"）通过线上电话会议形式接待了中信证券、海 富通基金两家机构的调研，公司董事会秘书倪雯琴参与接待并就机构关注的产能布局、产品研发、客户 合作等问题进行了交流。 投资者关系活动基本信息活动类别：其他（投资者电话交流会）时间：2025年11月14日地点：线上电话 会议参与机构：中信证券、海富通基金接待人员：倪雯琴（董事会秘书） 调研核心要点：产能、研发与市场布局同步推进磷酸铁锂产能规模：22.5万吨已投产 7.5万吨在建 针对新产品研发进展，公司称正围绕客户对产品的差异化需求推进研发，重点开发高压实密度产品。在 客户合作方面，公司一方面通过与现有核心客户共同开展技术研发、提升服务响应效率、优化产品性能 与稳定性等方式巩固长期合作；另一方面积极拓展与下游其他头部企业的合作，持续优化客户结构，为 业务稳健可持续发展奠定基础。价格调整与业绩预期：以市场为导向 紧抓新能源机遇 对于产品价格调整计划，公司表示将密切关注行业动态，结合下游客户需求反馈、原材料价格波动趋势 等因素，与客户开展积极商务谈判，以保障供需双方长期共 ...

Group 1: Production Capacity and Utilization - The company has established a lithium iron phosphate production capacity of 225,000 tons, with a total planned capacity of 300,000 tons, and 75,000 tons currently under construction [2] - Since Q4 2025, the effective capacity utilization rate has remained high due to sustained growth in downstream demand [2] Group 2: Product Development and Innovation - The company has successfully entered mass production of high-pressure dense products in response to differentiated customer needs [3] - Continuous tracking of industry technology trends and market demand is emphasized for proactive product development [3] Group 3: Customer Cooperation and Market Strategy - The company strengthens long-term partnerships with core customers through joint R&D and product innovation, while also optimizing customer structure by collaborating with other leading enterprises [3] - Active business negotiations are conducted to ensure long-term win-win scenarios based on industry dynamics and customer feedback [3] Group 4: Performance Expectations and Market Outlook - The global market for power batteries and energy storage batteries is expected to grow, providing significant opportunities for the lithium battery cathode materials industry [3] - The company aims to enhance overall operational efficiency and profitability through deepened cooperation, cost reduction, and improved management [3] Group 5: Compliance and Risk Disclosure - The company adhered to information disclosure regulations during the investor communication, ensuring no undisclosed material information was leaked [3] - Any forecasts or strategic plans mentioned should not be interpreted as commitments or guarantees regarding the company's future performance [3]

Group 1: Production Capacity and Utilization - The company has established a lithium iron phosphate production capacity of 225,000 tons, with an additional 75,000 tons under construction. The current capacity utilization rate is high and shows a month-on-month increase due to sustained downstream demand growth [2] - The company plans to enhance capacity utilization through improving product competitiveness, deepening cooperation with existing customers, and actively expanding partnerships with other leading downstream enterprises [2] Group 2: Pricing and Market Dynamics - The company is closely monitoring industry trends and will engage in business negotiations based on downstream customer needs and raw material price trends, following an initiative from the industry association to promote healthy development in the lithium iron phosphate materials sector [3] - Recent developments indicate that the company is prepared to adjust product pricing in response to market conditions [3] Group 3: Strategic Developments in Solid-State Battery Materials - The company has initiated research and development in solid-state battery cathode materials and has invested in solid-state battery enterprises [3] Group 4: New Product Development - The company has successfully entered mass production of high-pressure dense products developed in response to customer needs, while continuously tracking industry technology trends and market demand changes [3] Group 5: Future Performance Outlook - The global market for power and energy storage is showing clear growth trends, with significant growth rates, indicating a broad development space for the lithium battery cathode materials industry. The company aims to seize opportunities in the new energy sector, focusing on lithium battery cathode materials, optimizing production and supply chain management to enhance overall operational efficiency and profitability [3] - The company emphasizes that any forecasts regarding industry trends or company development strategies should not be interpreted as commitments or guarantees from the management, urging investors to be aware of investment risks [3]

Core Viewpoint - The company has signed a three-year cooperation framework agreement with Chunan New Energy to supply 100,000 tons of lithium iron phosphate cathode materials, which is expected to enhance its market position and sales performance despite ongoing financial losses [1][2][3]. Group 1: Agreement Details - The agreement stipulates that from September 20, 2025, to December 31, 2028, the company will supply a total of 100,000 tons of lithium iron phosphate cathode materials to Chunan New Energy [1][2]. - Both parties aim to establish a stable and mutually beneficial partnership, with Chunan New Energy committing to prioritize the company's products under equal business conditions [2]. - The agreement includes provisions for product pricing adjustments based on market changes, ensuring flexibility in the partnership [2]. Group 2: Financial Performance - Despite the new supply agreement, the company continues to face significant financial challenges, reporting a net loss of 362 million yuan in 2024 and 243 million yuan in the first half of 2025 [1][4][5]. - The company's revenue for the first half of 2025 was 723 million yuan, reflecting a year-on-year increase of 21.23%, yet the losses have widened compared to the previous year [4][5]. - The losses are attributed to increased production capacity, depreciation costs, and a mismatch between new capacity and downstream demand, leading to underutilization of production [5]. Group 3: Industry Risks - The lithium battery cathode materials industry is facing multiple risks, including market volatility, raw material price fluctuations, and intensified competition [1][6]. - The company has highlighted the importance of monitoring industry trends and adjusting strategies accordingly to mitigate risks associated with economic and policy changes [6]. - The framework agreement is characterized as a strategic intent rather than a legally binding contract, indicating potential uncertainties in its implementation [6].

Group 1: Event Overview - The CINE2025 Solid-State Battery Exhibition and Industry Annual Conference will be held from November 6-8, 2025, at the Guangzhou Nansha International Convention Center, featuring over 200 exhibitors and 20,000 professional attendees [1] - The event will include the 2025 CINE Solid-State Battery Golden Award Ceremony and the SSBA Solid-State Battery Industry Alliance Council [1] Group 2: Industry Insights - In the first eight months of 2025, China's lithium battery ternary cathode shipment reached 456,000 tons, a year-on-year increase of 10.8%, driven by growth in power batteries and small power batteries [1] - The demand for nickel-rich materials is increasing, with Nantong Ruixiang maintaining the top position in the industry, followed by Rongbai Technology and Bamo Technology, which have also seen a recovery in overseas demand [2] Group 3: Company Rankings - The top companies in the lithium battery cathode materials sector include: 1. Nantong Ruixiang 2. Rongbai Technology 3. Bamo Technology 4. Guangdong Bangpu 5. Dongsheng Technology [3] Group 4: Technical Analysis - The white paper on the global lithium battery cathode materials industry outlines the definition and classification of lithium battery cathode materials, the development history and current status of the global lithium battery cathode industry, and a comparison of the performance of different lithium battery cathode materials [4]

Core Insights - The article highlights the production capacity and strategic initiatives of Hunan Youneng in the phosphate cathode materials sector, indicating a strong growth trajectory driven by both power and energy storage demands [1]. Group 1: Production Capacity and Projects - As of June 2025, Hunan Youneng has an established production capacity of 858,000 tons for phosphate cathode materials [1]. - The company is advancing the environmental assessment approval for a 50,000 tons per year lithium battery cathode materials project in Spain and is preparing for a 90,000 tons per year project in Malaysia [1]. Group 2: Market Dynamics and Challenges - The phosphate cathode materials industry is experiencing high growth in shipment volumes due to dual drivers from power and energy storage sectors, but it also faces challenges such as intensified competition, price fluctuations of lithium carbonate, and structural overcapacity [1]. Group 3: Product Development and Profitability - Hunan Youneng is focusing on differentiated development, with increased sales of new products like the CN-5 and YN-9 series, which cater to customer demands for fast charging, high capacity, long cycle life, and high safety batteries [1]. - The company is progressing with phosphate mining, which is expected to positively impact profits once production is achieved [1].