Group 1 - The core point of the article is that Longpan Technology has secured a significant overseas order worth over 6 billion yuan from CATL for the supply of lithium iron phosphate cathode materials, accelerating its global expansion strategy [1][3][4] - Longpan Technology's subsidiary, Lithium Source (Asia Pacific), will supply a total of 157,500 tons of lithium iron phosphate cathode materials to CATL's overseas factories from Q2 2026 to 2031, with the contract amount exceeding 6 billion yuan based on current market prices [1][3] - The agreement is expected to strengthen Longpan Technology's long-term order stability and enhance its competitive position in the overseas lithium iron phosphate market [3][4] Group 2 - In the first half of 2025, Longpan Technology reported revenue of 3.622 billion yuan, a year-on-year increase of 1.49%, while net losses narrowed by 61.70% to 85 million yuan, despite challenges in the lithium carbonate market [2][6] - The company has been actively expanding its production capacity and has established multiple production bases for lithium iron phosphate cathode materials in China, with ongoing projects in Indonesia [5][6] - Longpan Technology plans to raise up to 2 billion yuan through a stock issuance to fund the construction of high-performance cathode material projects, aiming to enhance its production capabilities and meet market demand [5][6]

Group 1 - The core viewpoint of the news is that Longpan Technology has signed a procurement cooperation agreement with CATL for lithium iron phosphate cathode materials, with a total sales amount exceeding 6 billion yuan [1] - The agreement is expected to result in the sale of 157,500 tons of lithium iron phosphate cathode materials from Q2 2026 to 2031, helping the company establish long-term stable relationships with downstream partners and seize overseas market opportunities [1] - The agreement is described as a non-binding intention agreement, with demand forecasts subject to adjustments based on CATL's overseas project progress [1] Group 2 - The market demand for cathode materials is rapidly growing, with a projected 68% year-on-year increase in lithium battery shipments in China for the first half of 2025, reaching 776 GWh [2] - Longpan Technology plans to raise up to 2 billion yuan through a private placement to fund projects for high-performance phosphate cathode materials, enhancing its production capacity and market responsiveness [2] - The company aims to build production lines for fourth-generation high-energy-density lithium iron phosphate cathode materials, while also accommodating various high-performance phosphate cathode materials [2] Group 3 - In the first half of the year, Longpan Technology reported revenue of 3.622 billion yuan, a year-on-year increase of 1.49%, but incurred a net loss of 85 million yuan, a reduction of 61.70% compared to the previous year [3] - The company attributed the losses to a significant decline in lithium iron phosphate prices and inventory impairment losses, but managed to narrow the loss through cost reduction and efficiency improvement strategies [3] - The overall lithium battery industry is still at the bottom of the cycle, impacting the performance of leading companies [3]

每经头条（nbdtoutiao）——重大突破！中国这款新药，中美官方都认定有突破性疗效！世界肺癌大会 沸腾了 （记者 曾健辉） 每经AI快讯，龙蟠科技（SH 603906，收盘价：15.52元）9月15日晚间发布公告称，公司第四届第四十 二次董事会会议于2025年9月15日以现场结合通讯表决方式召开。会议审议了《关于与宁德时代新能源 科技股份有限公司签署持续关连交易协议的议案》等文件。 2024年1至12月份，龙蟠科技的营业收入构成为：磷酸铁锂正极材料占比75.13%，车用环保精细化学品 占比24.17%，其他业务占比0.7%。 截至发稿，龙蟠科技市值为106亿元。 ...

Group 1 - The stock price of Longpan Technology increased by 2.08% on September 12, reaching 15.71 yuan per share, with a total market capitalization of 10.763 billion yuan [1] - Year-to-date, Longpan Technology's stock price has risen by 51.64%, with a 3.08% increase in the last five trading days and a 20.38% increase over the last 60 days [1] - The company has appeared on the stock market's "龙虎榜" (top trading list) four times this year, with the most recent appearance on June 25 [1] Group 2 - Longpan Technology, established on March 11, 2003, and listed on April 10, 2017, is primarily engaged in the sales of automotive fine chemicals and lithium iron phosphate cathode materials [2] - The company's revenue composition includes 73.23% from lithium iron phosphate cathode materials, 23.93% from automotive environmental fine chemicals, and 2.14% from other products [2] - Longpan Technology operates in the electric equipment industry, specifically in battery and battery chemicals, and is associated with concepts such as solid-state batteries, energy storage, hydrogen energy, and battery recycling [2] Group 3 - As of June 30, the number of shareholders for Longpan Technology increased to 101,300, a rise of 57.93%, while the average circulating shares per person decreased by 36.68% [3] - For the first half of 2025, Longpan Technology reported a revenue of 3.622 billion yuan, a year-on-year increase of 1.49%, while the net profit attributable to shareholders was -85.1534 million yuan, reflecting a year-on-year growth of 61.45% [3] Group 4 - Longpan Technology has distributed a total of 256 million yuan in dividends since its A-share listing, with 105 million yuan distributed in the last three years [4] - As of June 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 3.6338 million shares, a decrease of 821,900 shares from the previous period [4]

Group 1 - Longpan Technology (SH 603906) announced on August 29 that after the extension of share pledge repurchase, the controlling shareholder and actual controller, Mr. Shi Junfeng, has pledged a total of 30 million shares, accounting for 14.11% of his total shareholding and 4.38% of the company's total share capital [1] - For the fiscal year 2024, Longpan Technology's revenue composition is as follows: lithium iron phosphate cathode materials account for 75.13%, automotive environmental fine chemicals account for 24.17%, and other businesses account for 0.7% [1]

Core Viewpoint - Longpan Technology is making significant investments to expand its production capacity in the lithium iron phosphate cathode material market, aiming to solidify its leading position [1][4]. Group 1: Investment and Expansion - Longpan Technology plans to raise up to 2 billion yuan through a private placement, with the net proceeds allocated entirely to projects for high-performance phosphate cathode materials and working capital [1]. - The company currently operates six digital production bases with a total capacity of approximately 270,000 tons [1][2]. - The first phase of a 30,000-ton lithium iron phosphate production line in Indonesia is set to commence production in 2024, with the second phase expected to be completed by the end of the year [2]. Group 2: Order Acquisition and Market Position - Longpan Technology has secured significant orders, including a contract with Eve Energy Malaysia to supply 152,000 tons of lithium iron phosphate from 2026 to 2030, valued at over 5 billion yuan [2]. - The company also signed a supplemental agreement with LGES to increase the supply of lithium iron phosphate from 160,000 tons to 260,000 tons between 2024 and 2028, with a market value close to 10 billion yuan [3]. - In January 2025, Longpan's subsidiary Lithium Source (Asia Pacific) received a five-year order from BlueOval, along with a framework agreement with CATL, with a sales cap expected to reach 7 billion yuan within the year [3]. Group 3: Financial Performance - Longpan Technology's revenue has shown a general upward trend since its listing in 2017, with revenue increasing from 1.297 billion yuan in 2017 to 14.072 billion yuan in 2022 [5]. - In 2023, the company faced a significant decline in revenue to 8.729 billion yuan, a decrease of 37.96% year-on-year, resulting in a net loss of 1.233 billion yuan [5]. - The company has shown signs of recovery in 2024, with revenue of 7.673 billion yuan, a decrease of 12.10%, and a reduced net loss of 636 million yuan, down 48.46% year-on-year [6]. Group 4: Operational Efficiency - The improvement in revenue is attributed to the rapid growth of the new energy sector, particularly the increasing demand for lithium iron phosphate cathode materials [7]. - The reduction in net losses is linked to enhanced cost control and optimized financial structure, along with diversified financing channels to alleviate financial pressure [7].

Core Viewpoint - The company is issuing A-shares to specific investors, which will dilute immediate returns, and it has proposed measures to compensate for this dilution [2][5][9] Financial Impact Analysis - The company anticipates a net profit attributable to shareholders of -68,793.53 million yuan for 2024, with various scenarios predicting a reduction in losses for 2025 [3][4] - The total share capital will increase from 68,507.89 million shares to 70,632.37 million shares post-issuance [3] - Basic earnings per share (EPS) are projected to improve from -1.10 yuan to -0.92 yuan under different profit scenarios for 2025 [3][4] Fundraising Necessity and Reasonableness - The fundraising is aimed at optimizing the business structure, enhancing industry position, and improving core competitiveness and profitability [5] - The projects funded by this issuance align with national industrial policies and the company's strategic development, promising good market prospects and economic benefits [5][6] Relationship with Existing Business - The funds will be used for high-performance phosphate-based cathode materials projects and to supplement working capital, closely related to the company's core business in green energy materials [5][6] Measures to Mitigate Dilution - The company plans to strengthen fundraising management, enhance operational efficiency, and improve profit distribution policies to protect shareholder interests [7][8] - Specific commitments have been made by the company's board and major stakeholders to ensure the effectiveness of the compensation measures [8][9] Approval Process - The measures related to the dilution of immediate returns and the associated commitments have been approved by the company's board and will be submitted for shareholder approval [9]

Core Viewpoint - Longpan Technology plans to raise up to 2 billion yuan through a private placement to fund the production line for high-performance phosphate-based cathode materials and to supplement working capital [1] Group 1: Company Overview - Longpan Technology's main business includes the research, production, and sales of lithium iron phosphate cathode materials and environmentally friendly fine chemicals for vehicles [1] - In the first half of 2025, the company achieved operating revenue of 3.622 billion yuan, representing a year-on-year increase of 1.49% [1] - The net profit attributable to shareholders was -85.1534 million yuan, indicating a reduced loss compared to the same period last year [1] Group 2: Market Demand and Future Plans - The fundraising project aims to establish a production line primarily to meet the growing demand for high-performance cathode materials in the electric vehicle and energy storage markets [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Jiangsu Lopal Tech. Group Co., Ltd. 江蘇龍蟠科技集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2465） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條刊發。 茲 載 列 江 蘇 龍 蟠 科 技 集 團 股 份 有 限 公 司（「本 公 司」）在 上 海 證 券 交 易 所 網 站(https://www.sse.com.cn/)刊發的《2025年半年度報告》如下，僅供參閱。 承董事會命 江蘇龍蟠科技集團股份有限公司 董事長 石俊峰 中國‧南京 二零二五年八月二十日 於本公告日期，董事會包括執行董事石俊峰先生、呂振亞先生、秦建先生、沈志勇 先生及張羿先生；非執行董事朱香蘭女士；及獨立非執行董事李慶文先生、葉新先 生、耿成軒女士以及康錦里先生。 江苏龙蟠科技集团股份有限公司 2025 年半年度报告 公司代码：60 ...

Group 1 - The company Longpan Technology (SH 603906) announced on August 20 that its 41st board meeting of the fourth session was held, discussing the special report on the use of raised funds for the first half of 2025 [2] - For the year 2024, the revenue composition of Longpan Technology is as follows: lithium iron phosphate cathode materials account for 75.13%, automotive environmental fine chemicals account for 24.17%, and other businesses account for 0.7% [2]