Core Viewpoint - Guangdong Fangyuan New Materials Group Co., Ltd. has signed a technical export cooperation agreement with a Japanese company to develop and produce NCMA/NCA/NCM precursors in Japan, which is expected to positively impact the company's revenue and net profit in the current and subsequent years [2][17]. Summary by Sections Cooperation Details - The cooperation involves technology output and equity participation, with the company providing technology and processes to the target company, which will implement the project [2][5]. - The total technical service fee, design fees, and operational technology usage fees to be received by the company amount to 4.8 billion yen (approximately 229.85 million RMB) [2][5]. - The company has already received 132.25 million yen (approximately 6.42 million RMB) as information and development fees, which have been included in the current other business income [2][18]. Financial Impact - The company expects to receive an additional 1.24 billion yen (approximately 59.38 million RMB) in 2025, excluding the previously received amount [2][18]. - This cooperation is anticipated to have a significant positive impact on the company's operating income and net profit for the current and future years [2][17]. Project Implementation - The project will involve the construction of a factory with a monthly production capacity of 1,600 tons of precursor products [12]. - The Japanese company is expected to invest between 9 billion and 12 billion yen, while the company plans to invest between 1 billion and 1.5 billion yen (approximately 47.89 million to 71.83 million RMB) [5][12]. Risk Factors - The cooperation is subject to obtaining necessary approvals from relevant authorities, which introduces uncertainty regarding the timeline for project implementation [3][19]. - There are risks associated with information confidentiality, foreign exchange fluctuations, and potential geopolitical impacts that could affect project progress [3][19]. Strategic Importance - This collaboration allows the company to expand its overseas market presence while minimizing risks associated with overseas operations, such as land acquisition and personnel management [17]. - The project is expected to enhance the company's cash flow stability and diversify its revenue sources, contributing to its long-term growth and technological innovation [17].

Group 1 - The company announced the signing of a technology export cooperation agreement with a Japanese enterprise and a target company, which is not disclosed due to confidentiality [2] - The collaboration aims to develop and produce NCMA/NCA/NCM precursors in Japan, with the target company acting as the project implementation entity [2] - The company will provide technology and processes to the target company and will receive a total of 4.8 billion Japanese yen (approximately 229.85 million RMB) in technical service fees, design fees, and operational technology usage fees, paid in installments based on project implementation stages [2] Group 2 - The Japanese enterprise is expected to invest between 9 billion and 12 billion Japanese yen in the target company, including an initial investment of 10 million Japanese yen [2] - The company plans to invest between 1 billion and 1.5 billion Japanese yen, equivalent to approximately 47.89 million to 71.83 million RMB [2]

格隆汇9月25日丨芳源股份(688148.SH)公布，近日，公司与某日本企业、目标公司以书面方式签订了合 作协议。公司计划通过技术输出以及参股的形式，以目标公司为项目实施主体，与某日本企业合作在日 本开发和生产NCMA系/NCA系/NCM系前驱体。公司将向目标公司提供技术和工艺，并按照项目实施阶 段分批次向目标公司收取共计48亿日元（按照2025年9月25日中国外汇交易中心受权公布的人民币汇率 中间价100日元对人民币4.7885元计算，折合人民币约22,984.80万元）的技术服务费、设计费用和运行 技术使用费。 此外，公司和某日本企业将分别向目标公司注资，其中某日本企业预计出资额为90亿日元至120亿日元 （包含已向目标公司出资的1,000万日元），公司预计出资额为10亿日元至15亿日元（折合人民币约 4,788.50万元至7,182.75万元），实际出资等有关安排以后续签订的协议为准。 ...

格隆汇9月25日｜芳源股份公告，近日，广东芳源新材料集团股份有限公司与某日本企业、目标公司以 书面方式签订了合作协议。公司计划通过技术输出以及参股的形式，以目标公司为项目实施主体，与某 日本企业合作在日本开发和生产NCMA系/NCA系/NCM系前驱体。公司将向目标公司提供技术和工艺， 并按照项目实施阶段分批次向目标公司收取共计48亿日元(按照2025年9月25日中国外汇交易中心受权公 布的人民币汇率中间价100日元对人民币4.7885元计算，折合人民币约22,984.80万元)的技术服务费、设 计费用和运行技术使用费。 ...

Core Viewpoint - The company has signed a cooperation agreement with a Japanese enterprise and a target company to develop and produce NCMA/NCA/NCM precursors in Japan, indicating a strategic expansion into the Japanese market [1] Group 1: Cooperation Agreement - The company will provide technology and processes to the target company, which will act as the project implementation entity [1] - The total technical service fee, design fees, and operational technology usage fees to be charged to the target company will amount to 4.8 billion Japanese yen, approximately 229.8 million Chinese yuan [1] Group 2: Financial Implications - The fees will be collected in batches according to the project implementation stages, reflecting a structured financial approach to the partnership [1]

芳源股份公告，公司与某日本企业、目标公司签订合作协议，以技术输出及参股形式合作在日本开发和 生产NCMA系/NCA系/NCM系前驱体。公司将向目标公司提供技术和工艺，并按项目实施阶段分批次收 取共计48亿日元的技术服务费、设计费用和运行技术使用费。预计2025年内可收取12.4亿日元（折合人 民币约5,937.74万元）。此次合作预计将对公司当期及后续年度的营业收入和净利润产生积极影响。 ...