Investment Rating - The report does not provide specific investment ratings for the industry segments [2]. Core Insights - The overall strategy emphasizes the evolution of the supply side in the new energy sector, focusing on innovation and avoiding "involution" in the market [3][5]. - The new energy vehicle supply chain is entering a new cycle, with companies like CATL benefiting from collaborations with tech giants like Xiaomi and Huawei [3][21]. - The lithium battery sector is expected to see a positive outlook, with production forecasted to exceed 130 GWh in July, marking a nearly 40% year-on-year increase [4][35]. - The photovoltaic industry is facing challenges due to overcapacity and competition, but recent government measures aim to optimize supply and stabilize the market [5][25]. Summary by Sections New Energy Vehicle Supply Chain - The downstream landscape is evolving, with companies like CATL collaborating with automakers to enhance production efficiency and shorten delivery times [3][27]. - The launch of Xiaomi's YU7 has exceeded expectations, indicating a shift in consumer behavior towards valuing emotional and intelligent experiences in vehicles [21][22]. Lithium Battery Sector - The lithium battery production is projected to grow, with significant investments in high-end products and solid-state technologies [4][35]. - Companies like Fulin Precision and Enjie are expanding their production capabilities, focusing on high-performance lithium iron phosphate and solid-state battery materials [4][31]. Photovoltaic Industry - The photovoltaic sector is expected to confirm a mid-term bottom as supply-side optimization measures are implemented [5][25]. - Major glass manufacturers in the photovoltaic industry plan to reduce production by 30% starting in July to address overcapacity issues [5][25]. Offshore Market Opportunities - Leading companies like EVE Energy are investing in overseas projects, such as a new energy storage project in Malaysia worth up to 8.654 billion yuan [4][22]. - The establishment of independent pricing systems and production capacities in overseas markets is seen as a strategy to enhance profitability [4][22]. AI and New Energy Integration - The integration of AI with new energy sectors is highlighted, with companies exploring innovative applications and market breakthroughs [8][21]. - The report notes the acceleration of controlled nuclear fusion technology, with companies like CFS partnering with Google for future energy supply [8][34].

Core Viewpoint - The collaboration between Sichuan Development Longmang Co., Ltd. and Fulian Precision Co., Ltd. is seen as a strong alliance between two leading companies in their respective fields, aiming for complementary advantages and mutual benefits [2][3]. Group 1: Partnership Details - Both companies signed a Cooperation Framework Agreement to collaborate in equity and capital, as well as in lithium iron phosphate projects and precursor projects [2]. - They plan to establish a joint venture where Fulian Precision or its designated party will hold 51% and Sichuan Development Longmang or its designated party will hold 49%, to invest in a new 100,000 tons/year high-pressure dense lithium iron phosphate project [2]. - Another joint venture will be formed with Fulian Precision or its designated party holding 49% and Sichuan Development Longmang or its designated party holding 51%, to build a 100,000 tons/year lithium dihydrogen phosphate precursor project [2]. Group 2: Strategic Advantages - Sichuan Development Longmang is recognized as a leading company in the domestic phosphate chemical sector, with a focus on lithium iron phosphate and other new energy materials, creating a dual-driven industrial pattern [3]. - Fulian Precision is a core supplier of intelligent electric control and incremental components for new energy vehicles, known for its advanced high-pressure dense lithium iron phosphate materials with significant technical and performance advantages [3]. - The partnership is expected to enhance both companies' core competitiveness in the new energy materials sector and optimize their resource integration capabilities within a green circular economy industry chain [3].

Group 1 - Ganfeng Lithium has completed the acquisition of 100% equity in Mali Lithium, marking a significant step in its lithium resource layout in Africa [1] - The Goulamina lithium spodumene project, with an annual production capacity of 506,000 tons of lithium concentrate, has officially commenced production, indicating a transition to substantial output [1] - This acquisition strengthens Ganfeng Lithium's position in the global lithium market and lays a solid foundation for future growth, contributing to the stability of its global lithium supply chain [1] Group 2 - Tianci Materials' subsidiary has filed a lawsuit for trade secret infringement against several companies, with an expected economic loss of 887 million yuan and legal fees of 1.15 million yuan [2] - The lawsuit is anticipated to have no direct negative impact on the company's current profits, but the case's outcome will be determined by the court [2] - The significant amount involved in the lawsuit may affect investor sentiment, and the market will closely monitor the case's progress and its long-term implications for the company [2] Group 3 - Fulian Precision has signed a cooperation framework agreement with Sichuan Development Longmang to establish a joint venture for high-pressure dense lithium iron phosphate cathode materials and precursor projects [3] - The joint venture aims to build a 100,000 tons/year high-pressure lithium iron phosphate project and a 100,000 tons/year lithium dihydrogen phosphate precursor project, enhancing Fulian Precision's capacity in the lithium battery materials sector [3] - This collaboration reinforces Fulian Precision's position in the core supply chain of new energy vehicle components and is expected to contribute to regional economic development [3]

富临精工表示，随着磷酸铁锂市场回暖及高端高压实密度磷酸铁锂需求规模扩大，公司控股子公司江西 升华磷酸铁锂正极材料的市场认可不断提高，市场需求持续放量，客户预期和产能订单需求亦随之上 升。双方本次合作依托江西升华的市场需求基础、技术优势以及川发龙蟒的资源优势，实现终端产品的 性能与成本最优化。 7月2日晚，川发龙蟒（002312）和富临精工（300432）同时发布公告，双方签署《合作框架协议》，将 开展股权与资本合作，共同投资设立合资公司，新建高压实密度磷酸铁锂正极材料项目与前驱体项目。 上述项目拟选址绵竹市德阳—阿坝生态经济产业园，合资公司将投资新建10万吨/年高压密磷酸铁锂项 目和10万吨/年磷酸二氢锂前驱体项目，并新建10万吨/年草酸亚铁项目。 富临精工和川发龙蟒均是国内磷化工细分领域龙头企业，近年来均延伸布局了磷酸铁、磷酸铁锂等新能 源材料领域。今年一季度，富临精工营业收入为26.97亿元，同比增长80.30%；归母净利润为1.24亿 元，同比增长211.85%。川发龙蟒一季度实现营业总收入20.84亿元，同比增长24.70%；归母净利润1.03 亿元，同比下降0.24%。 从合作机制来看，双方高层应定 ...

金十数据7月2日讯，富临精工公告，公司与四川发展龙蟒签署《合作框架协议》，双方将开展股权与资 本合作，共同投资设立合资公司，新建高压实密度磷酸铁锂正极材料项目与前驱体项目。富临精工作为 新能源汽车智能电控及增量零部件的核心供应商，与川发龙蟒合作将进一步提升其在锂电材料产业的产 能布局。合资公司拟新建10万吨/年高压密磷酸铁锂项目和10万吨/年磷酸二氢锂前驱体项目，选址于绵 竹市德阳—阿坝生态经济产业园。 富临精工：与川发龙蟒签署合作框架协议 ...

萃华珠宝（002731）6月5日披露投资者关系活动记录表显示，公司于6月4日召开电话会议，财通证券 （601108）、银华基金、大成基金等机构投资者参与本次活动。 萃华珠宝的产品主要以黄金饰品为主，包括古法金、足金饰品、3D硬金饰品、5G黄金饰品等，经营模 式为直营及加盟模式，"萃华珠宝"是公司主推的高端品牌。公司2025年第一季度营业收入12.31亿元， 同比增长4.12%；2024年营业收入44.38亿元，同比降低2.78%，2024年实现归母净利润2.17亿元，同比 增加25.46%。 截至2024年底，公司直营店有16家，加盟店有460家。公司店铺目前主要分布在东北地区、河南河北地 区、山东山西地区、湖南湖北地区、广东深圳地区等。 萃华珠宝曾于2022年11月11日早间公告，公司拟以现金6.12亿元收购交易对方陈思伟、思特瑞科技等持 有的思特瑞锂业51%股权。该次交易完成后，公司直接持有思特瑞锂业51%股权。思特瑞锂业是一家从 事锂盐产品的研发、生产与销售的企业，主要产品包括氢氧化锂(含无水氢氧化锂)、碳酸锂、磷酸二氢 锂等锂盐系列产品。 "公司目前实行双主业并行运营模式，两大业务板块协同发展、互为支 ...

当前，连续9年跻身全国百强县市的湖北省宜都市，正以科技创新的"关键变量"撬动高质量发展的"最大 增量"。2024年，宜都新增60家高新技术企业、16家省级专精特新中小企业。一家家科技型企业在这里 向新聚势，向绿攀高。 随着气温攀升，市场上的防晒产品被摆在货架显眼位置上。全球每5瓶防晒产品，就有1瓶采用宜都市华 阳化工有限责任公司生产的紫外线吸收剂。作为一家土生土长的宜都企业，该公司在近30年的不断耕耘 中，逐渐成长为全球领先的紫外线吸收剂生产企业，是诸多国际化妆品企业的重要供应商。 "瞄准全球高端市场，抢抓行业新风口，不断推出小而精、附加值高的产品，是我们坚守多年的发展战 略。"华阳化工总经理徐波表示，创新是企业长期以来不变的追求。几年前，公司投入上亿元进行技改 升级，并联合湖北大学、华中科技大学等高校科研力量，研发出三嗪类紫外线吸收剂，在高端市场站稳 脚跟。 "紫外线吸收剂是公司传统产品，这些年不断更新换代，目前三嗪类紫外线吸收剂成为主打产品，今年 又上了2条生产线，年产量达1100吨，可全面满足市场需要。"徐波介绍。 近年来，该公司又与全球化工行业50强企业比利时索尔维集团合作，向锂电池材料领域迈出关键一 ...

值得一提的是，近期国际金价上涨对终端黄金首饰价格有一定传导效应，萃华珠宝黄金类产品售价随市 场行情动态调整。据悉，得益于品牌溢价、工艺附加值和多元化产品策略，公司黄金首饰销售保持稳 健，部分品类在消费升级趋势下呈现需求增长。公司将持续关注金价波动，通过灵活供应链管理及产品 创新平衡成本与市场竞争力。 萃华珠宝表示，面对黄金价格波动，公司在原材料采购和库存管理方面构建了立体化风险管理体系。采 购端，公司灵活运用"借金"模式，通过与金融机构合作优化资金使用效率，降低采购成本；同时借助黄 金T+D开展套期保值业务，提前锁定采购价格，规避价格大幅上涨风险。库存管理上，建立动态监测机 制，结合市场趋势与生产需求，科学调整黄金库存规模，既避免因价格下跌导致库存减值，也防止价格 剧烈波动影响生产供应，全方位保障公司经营稳定与成本可控。 2022年6月16日，萃华珠宝原控股股东翠艺投资与陈思伟签署《股份转让协议》，约定陈思伟通过协议 转让方式从翠艺投资处受让其持有的萃华珠宝3073.87万股股份。协议转让交割完成后，陈思伟持有的 上市公司股份占上市公司总股本的12%。同日，翠艺投资及其一致行动人郭英杰、郭裕春、郭琼雁与陈 思 ...

立信中联专复字[2022]D-0302 号 立信中联会计师事务所（特殊普通合伙） LixinZhonglian CPAs (SPECIAL GENERAL PARTNERSHIP) 关于对沈阳萃华金银珠宝股份有限公司 关注函的回复 立信中联专复字[2022]D-0302 号 深圳证券交易所上市公司管理一部： 根据贵所公司部关注函〔2022〕第 403 号《关于对沈阳萃华金银珠宝股份有 限公司的关注函》（以下简称"《关注函》"）之要求，我们作为沈阳萃华金银珠宝 股份有限公司（以下简称 "萃华"）委托审计四川思特瑞锂业公司（以下简称 "思特 瑞"或"标的公司"）的审计机构，就贵部《关注函》中与会计师相关问题的相关事项 逐项进行了认真检查。现就贵部提出的有关问题作如下回复，请贵部审核。 问题 2. 公告显示，2021 年度及 2022 年上半年，标的公司实现营业收入 2.53 亿元、6.79 亿元，实现净利润 0.82 亿元、2.80 亿元，经营活动现金流量净额-0.46 亿元、1.79 亿元，主要收入来源为碳酸锂、氢氧化锂、磷酸二氢锂等产品。根据审 计报告，标的公司预付款项余额 2.98 亿元，存货余额 4.09 ...

立信中联会计师事务所（特殊普通合伙） LixinZhonglian CPAs (SPECIAL GENERAL PARTNERSHIP) 关于对沈阳萃华金银珠宝股份有限公司 立信中联专复字[2023]D-0009 号 立信中联专复字[2023]D-0009 号 关注函的回复 深圳证券交易所上市公司管理一部： 根据贵所公司部关注函〔2022〕第 403 号《关于对沈阳萃华金银珠宝股份有 限公司的关注函》（以下简称"《关注函》"）之要求，我们作为沈阳萃华金银珠宝 股份有限公司（以下简称 "萃华"）委托审计四川思特瑞锂业公司（以下简称 "思特 瑞"或"标的公司"）的审计机构，就贵部《关注函》中与会计师相关问题的相关事项 逐项进行了认真检查。现就贵部提出的有关问题作如下回复，请贵部审核。 问题 2. 公告显示，2021 年度及 2022 年上半年，标的公司实现营业收入 2.53 亿元、6.79 亿元，实现净利润 0.82 亿元、2.80 亿元，经营活动现金流量净额-0.46 亿元、1.79 亿元，主要收入来源为碳酸锂、氢氧化锂、磷酸二氢锂等产品。根据审 计报告，标的公司预付款项余额 2.98 亿元，存货余额 4.09 ...