Core Viewpoint - The announcement highlights a procurement framework agreement between Hunan Bobang Shanhua New Materials Co., Ltd. and Ganfeng Technology, with a total expected value of up to 117.5 million yuan (including tax) for lithium battery anode materials [1][3]. Group 1 - The agreement involves the purchase of lithium iron phosphate battery anode materials and ternary lithium battery anode materials by Ganfeng Technology from Bobang Shanhua [1]. - The transaction is characterized as a routine business operation, with fair pricing and compliance with relevant regulations, ensuring no impact on the company's independence or shareholder interests [3]. - Bobang Shanhua, established in 2018, focuses on the research, production, and sales of artificial graphite anode materials, with applications in power batteries, energy storage, and digital products [3]. Group 2 - Bobang Shanhua's products exhibit high capacity, high pressure, low expansion, and fast charging/discharging characteristics, with some products achieving a specific capacity exceeding 355 mAh/g and a first-cycle efficiency above 93% [3].

Core Viewpoint - The partnership between Hunan Bobang Shanhua New Materials Co., Ltd. and Ganfeng Technology aims to secure a supply of lithium battery anode materials, with a total contract value not exceeding 117.5 million yuan, indicating a strategic move to support future production capacity [2][5]. Group 1: Procurement Agreement - Hunan Bobang plans to supply lithium battery anode materials, including lithium iron phosphate and ternary lithium battery anodes, to Ganfeng Technology under a procurement framework agreement [2]. - The average price for lithium anode materials is approximately 28,000 yuan per ton, with a procurement volume of around 4,200 tons, which will meet the production capacity needs for approximately 3.1 GWh of batteries [4]. Group 2: Company Positioning - Ganfeng Technology ranks 8th in overseas market power battery installations and 3rd in power battery exports, maintaining a strong position in the global soft-pack power battery market [5]. - The company has been a leader in soft-pack power battery installations in China for eight consecutive years and ranks 6th in domestic ternary battery installations with a market share of 2.40% [5]. Group 3: Production Capacity and Technology - Hunan Bobang has established a large-scale production base in Guizhou, with a total investment of 5 billion yuan, aiming for an annual production capacity of 150,000 tons of integrated lithium battery anode materials and graphite [7]. - The project is divided into two phases, with the first phase involving an investment of 2 billion yuan for a production line of 50,000 tons of anode materials, and the second phase involving an investment of 3 billion yuan for a production line of 100,000 tons of ultra-purified graphite [7]. - The company is focused on developing a proprietary continuous graphitization method for artificial graphite anodes, becoming the first in the industry to achieve a fully "dual-continuous" production process [8]. Group 4: Market Impact - The partnership with Ganfeng Technology is expected to boost Hunan Bobang's anode material shipments and enhance its market share as production capacity in Guizhou comes online [10].

Core Viewpoint - The company, Shanhe Intelligent (002097.SZ), announced a procurement framework agreement between its subsidiary, Hunan Bobang Shanhe New Materials Co., Ltd., and its related party, Ganfeng Technology (Ganzhou) Co., Ltd., for the supply of lithium iron phosphate battery anode materials and ternary lithium battery anode materials, with a total estimated amount not exceeding 117.5 million yuan [1] Group 1 - Shanhe Intelligent's subsidiary, Hunan Bobang Shanhe New Materials Co., Ltd., is entering into a procurement framework agreement [1] - The agreement involves the procurement of lithium iron phosphate and ternary lithium battery anode materials [1] - The total estimated amount of the agreement is expected to be no more than 117.5 million yuan [1]