Core Viewpoint - The company has not initiated the production of ultra-pure phosphorus products and has no current plans in the solid-state battery sector [1] Group 1: Company Operations - The company produces phosphoric acid products, including industrial-grade purified phosphoric acid and 40% phosphoric acid, which can be used as raw materials for the preparation of lithium iron phosphate battery cathode materials [1]

Core Insights - The 2025 Lishui Industrial Chain High-Quality Development Promotion Conference was held, featuring 37 projects with a total investment of approximately 16 billion yuan, focusing on sectors such as new energy, intelligent manufacturing equipment, new pharmaceuticals, and smart agriculture [1][2] Investment Projects - A total of 37 industrial investment projects were signed, with significant investments in various sectors, including a 1 billion yuan project for the Hong Kong Blanford terminal manufacturing base, which is expected to generate an annual output value of 1 billion yuan and tax revenue of 30 million yuan upon reaching full production [2] - The Yiyang Optical Materials and Touch Display Module R&D and Production Base project has an investment of 1 billion yuan, aiming for an annual production capacity of 1 million display modules [2] - The project for the recovery and R&D production base of 30,000 tons of lithium iron phosphate battery cathode materials has a planned investment of 500 million yuan, with an expected annual output value of 600 million yuan and tax revenue of 30 million yuan [2] - The Budatech Yangtze River Delta Semiconductor Packaging and Testing Production Center has a total investment of 120 million yuan, projected to achieve an output value of 150 million yuan and tax revenue of 4.5 million yuan upon reaching full production [2] Industrial Development Strategy - Lishui District is recognized as the only high-quality manufacturing development pilot area in the city, focusing on a modern industrial system characterized by "two new and two smart" industries, with 819 large-scale enterprises and an industrial output value exceeding 100 billion yuan [3] - The district has released 50 industrial cooperation opportunities to promote collaboration in new technologies and products, covering key industries such as new energy vehicles, intelligent manufacturing, and artificial intelligence [3] Investment Fund Initiatives - Lishui District is establishing a district-level state-owned enterprise investment fund, managed by Nanjing Zijin Venture Capital Fund Management Co., Ltd., targeting investments in "two new and two smart" industries to enhance project implementation efficiency [3] Future Development Vision - The district aims to create an optimal business environment by integrating resources and services, with a five-year development vision focused on becoming a hub for intelligent manufacturing and a culturally rich area [4] - A recent roadshow event titled "New Cooperation New Foundation" showcased four projects, allowing financial institutions to evaluate their feasibility and investment value, thereby facilitating capital alignment with local industrial upgrades [4]

Report Overview - Report Date: July 23, 2025 [2] - Researcher: Zhang Ping, Yu Feifei, Peng Jinglin [3] - Research Team: Non-ferrous Metals Research Team [4] Industry Investment Rating - Not provided Core Viewpoints - The lithium carbonate futures market rose due to the overnight announcement of Jiangte Motor's production line maintenance and the fermentation of the anti-involution logic. The spot market also slightly followed the increase. The downstream's willingness to accept the price was low, but the procurement intention improved marginally. The rising price of lithium carbonate drove the profit repair of the upstream resource end and salt factories, but the price performance was suppressed by the arbitrage space. However, under the current sentiment, lithium carbonate is expected to follow the upward trend [11]. Summary by Directory 1. Market Review and Operation Suggestions - The lithium carbonate futures opened higher. The main contract reached a maximum of 74,480 and closed at 72,880. The total position increased by 40,000 hands to 718,000 hands. The spot price of electric carbon rose by 1,100 to 69,100. The downstream's acceptance of the price was low, but the procurement intention improved. The price of Australian ore rose by 10 US dollars/ton to 767.5 US dollars/ton, and the price of lithium mica rose by 45 to 1,590 yuan/ton. The production profit of salt factories using purchased lithium spodumene expanded to 833 yuan/ton, and the production loss of salt factories using purchased lithium mica narrowed to 5,969 yuan/ton [11]. 2. Industry News - Argentina's CAMMESA's first-round battery energy storage system tender received 27 projects from 15 companies, totaling 1.3 GW of bidding plans, far exceeding the 500 MW tender capacity. The winning results are expected to be announced in August 2025, and the contracts will be signed in September [14]. - On the morning of July 17, Jiangsu Weili Energy Technology Co., Ltd. launched a project with a total investment of 500 million yuan to process 30,000 tons of lithium iron phosphate battery cathode materials per year. The first phase is expected to be put into production by the end of 2025, with an annual revenue of 550 million yuan and more than 200 new jobs [15].

Core Viewpoint - Jiangsu Weili Energy Technology Co., Ltd. is investing 500 million yuan to establish a headquarters project for the repair of lithium iron phosphate battery cathode materials, with an annual processing capacity of 30,000 tons [1] Group 1: Project Overview - The project is located in the Lishui Economic Development Zone and aims to meet the rapidly growing market demand for lithium iron phosphate battery materials [1] - The headquarters will include a production line for repaired lithium iron phosphate, a battery research and development center, and a testing center, serving as the core hub for technology research and large-scale production [1] Group 2: Financial and Employment Impact - The first phase of the project is expected to be operational by the end of 2025, with an anticipated annual revenue of 550 million yuan [1] - The project will create over 200 new jobs, contributing to local employment [1]