长江商报消息 磷酸铁锂行业景气度提升，头部企业富临精工（300432.SZ）扩产不断。 1月5日晚间，富临精工发布两则重磅投资公告，子公司江西升华新材料有限公司（下称"江西升华"）将 在内蒙古鄂尔多斯市两地布局三大项目，总投资达87亿元，涵盖高端储能用磷酸铁锂及前驱体材料生 产，全面完善新能源产业链布局，抢抓储能市场发展机遇。 目前，富临精工主要布局锂电池正极材料和汽车零部件两大业务，营收占比分别为66%、31.6%。2025 年前三季度，公司的营业收入超90亿元，创出同期新高。 继续加码磷酸铁锂全产业链 近五年累投9.22亿研发费 资料显示，富临精工主要业务为汽车发动机零部件、新能源汽车智能电控和新能源锂电正极材料的研 发、生产和销售。2015年，公司登陆深交所上市。 与新能源锂电池正极材料业务随市场变化而波动不同的是，近年来，富临精工汽车零部件及配件制造业 务的收入较为稳定，2020年为17.88亿元，2024年增长至36.41亿元。 2025年前三季度，富临精工实现营业收入90.85亿元，同比增长54.43%，规模和增速均创三年来新高； 实现归母净利润为3.25亿元，同比增长4.63%。 富临精工继续布 ...

Core Viewpoint - The strategic partnership between Fulin Precision and CATL is deepening through the capital increase in their subsidiary, Jiangxi Shenghua, which will enhance its competitiveness in the lithium iron phosphate market [1][2][3] Group 1: Investment and Ownership Changes - Fulin Precision and CATL will invest 10 billion and 25.63 billion respectively in Jiangxi Shenghua, totaling 35.63 billion, resulting in CATL holding a 51% stake in the subsidiary [1][2] - Jiangxi Shenghua specializes in the R&D, production, and sales of high-density lithium iron phosphate cathode materials and is a pioneer in the domestic oxalic acid iron technology route [1][2] Group 2: Financial Performance - In the first half of 2025, Fulin Precision achieved a revenue of 58.13 billion, a year-on-year increase of 61.7%, marking a historical mid-year high [4] - The net profit attributable to shareholders for the same period was 1.74 billion, up 32.41% year-on-year [4] - The revenue from lithium iron phosphate cathode materials reached 38.37 billion, accounting for 66% of total revenue, with a significant year-on-year growth of 96.83% [3][4] Group 3: Strategic Collaborations and Future Prospects - The partnership with CATL is not new; previous collaborations include a 15 billion prepayment agreement for securing lithium iron phosphate supply [1][2] - The ongoing collaboration aims to enhance Jiangxi Shenghua's product development, international expansion, supply chain upgrades, and energy storage market growth [2][3] - Fulin Precision's R&D investment has been increasing, with 2025's R&D expenses growing by 22.75% to 1.23 billion, supporting its innovation and market competitiveness [4]

Core Viewpoint - The strategic cooperation agreement between Fulin Precision (富临精工) and CATL (宁德时代) aims to enhance collaboration in the lithium battery materials sector and expand into innovative fields such as automotive and robotics [1][2][4]. Group 1: Strategic Cooperation - Fulin Precision and its subsidiary Jiangxi Shenghua signed a strategic cooperation agreement with CATL, where CATL will invest RMB 400 million to acquire an 18.74% stake in Jiangxi Shenghua [1]. - The partnership builds on an existing long-term relationship in lithium battery materials, with Jiangxi Shenghua being a leader in the iron phosphate lithium battery sector [2]. - The agreement aims to leverage each party's expertise and resources to foster sustainable development and innovation within the new energy industry [4]. Group 2: Business Expansion - Fulin Precision's main business includes the research, production, and sales of automotive engine components, smart electric control for new energy vehicles, and lithium battery cathode materials [6]. - The company projects a net profit of RMB 370 million to RMB 450 million for 2024, a significant recovery from a loss of RMB 543 million in the previous year [6]. - Fulin Precision is actively expanding into the robotics sector, planning to establish a project company focused on robotic application systems and related services [6].