证券代码：603906 证券简称：龙蟠科技 公告编号：2026-030 江苏龙蟠科技集团股份有限公司 第五届董事会第一次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 江苏龙蟠科技集团股份有限公司（以下简称"公司"）于 2026 年 2 月 13 日 召开 2026 年第二次临时股东会，在选举产生公司第五届董事会成员后，为确保 公司董事会工作的连续性，经全体新任董事一致同意，豁免第五届董事会第一次 会议（以下简称"本次董事会会议"）的通知时限要求。本次董事会会议通知于 2026 年 2 月 13 日以电子邮件和口头方式通知公司全体董事和高级管理人员候选 人，本次董事会会议于 2026 年 2 月 13 日以现场结合通讯表决方式召开。公司全 体董事共同推举石俊峰先生主持会议。公司本次董事会会议应到董事 10 人，实 到董事 10 人；公司的全体高级管理人员候选人列席了本次董事会会议。 公司本次董事会会议的召集程序、召开程序以及表决的董事人数符合《中华 人民共和国公司法》（以下简称"《公司法》 ...

Core Viewpoint - The establishment of Shandong Lintie Technology and Shandong Sodium Source Technology by Shandong Liyuan Technology represents a strategic dual layout in the new energy sector, enhancing the company's capabilities in lithium and sodium battery materials, which is crucial for the development of the regional new energy industry in Heze [1][9]. Group 1: Company Developments - Shandong Liyuan Technology has established Shandong Lintie Technology and Shandong Sodium Source Technology to strengthen its position in the new energy industry, focusing on lithium and sodium battery materials [1]. - The company has implemented a three-pronged approach to raw material supply, utilizing ammonium method, nickel-iron method, and recycling method, which enhances its resilience against supply chain disruptions [3]. - The company plans to increase its production capacity by 500,000 tons this year, aiming for a total capacity of 1 million tons by the end of the 14th Five-Year Plan, achieving 100% self-supply of precursors [5]. Group 2: Industry Context - The demand for lithium iron phosphate as a key material for lithium batteries is surging, creating challenges for companies reliant on stable supply chains [3]. - The development of sodium-ion batteries is becoming essential to address resource constraints in the lithium battery market, with sodium-ion batteries offering advantages such as lower costs and higher safety [7]. - The dual strategy of lithium and sodium development allows the company to mitigate market risks associated with relying on a single technology, creating a synergistic effect for growth [9]. Group 3: Regional Impact - The establishment of lithium and sodium projects in Heze is expected to promote the clustering and high-end development of the new energy industry in the region, attracting upstream and downstream enterprises [9]. - The local government's supportive business environment has been a significant factor in the company's decision to deepen its investment in Heze, contributing to a favorable operational landscape [12].

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. （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《關於2025年股票期權激勵計劃授予登記完成的 公告》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 江蘇龍蟠科技集團股份有限公司 中國‧南京 二零二六年二月十二日 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。 – 1 – 证券代码：603906 证 ...

证券代码：603906 证券简称：龙蟠科技 公告编号：2026-028 江苏龙蟠科技集团股份有限公司 重要内容提示： 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、上海 证券交易所、中国证券登记结算有限责任公司上海分公司有关规定，江苏龙蟠科 技集团股份有限公司（以下简称"公司"）于近日完成2025年股票期权激励计划 （以下简称"本激励计划"）的授予登记工作，现将有关具体情况公告如下： 一、本激励计划已履行的决策程序和信息披露情况 1、2025 年 10 月 22 日，公司第四届董事会第四十三次会议审议通过《关于 <江苏龙蟠科技集团股份有限公司 2025 年股票期权激励计划（草案）>及其摘要 的议案》《关于<江苏龙蟠科技集团股份有限公司 2025 年股票期权激励计划实施 考核管理办法>的议案》《关于提请股东会授权董事会办理股票期权激励相关事宜 的议案》等议案。公司第四届董事会薪酬与考核委员会第七次会议审议通过《关 于<江苏龙蟠科技集团股份有限公司 2025 年股票期权激励计划（草案）>及其摘 要的议案》《关于<江苏龙蟠科技集团股份有限公司 2025 年股票期权激励计划实 施考核管理办法>的议案》 ...

Group 1: Photovoltaic Industry - The photovoltaic industry is experiencing a clear upward trend due to supply-side clearing and demand-side support, with expectations of profitability recovery in 2026 as inefficient companies exit the market and leading firms enhance efficiency through technological upgrades [1][14] - In 2025, China's photovoltaic industry saw a significant increase in installed capacity, reaching 315.07 GW, with a year-on-year growth rate of 13.67%, despite a slowdown in the second half of the year [14][16] - The introduction of policies aimed at preventing "involution" in the industry has led to a recovery in prices, with polysilicon prices rising over 50% from June to November 2025, indicating a shift towards a more rational pricing environment [22][29] Group 2: Wind Power Industry - The wind power industry is expected to benefit from a favorable supply-demand structure, with significant growth anticipated in offshore wind projects and exports, particularly in 2025 [1][3] - The domestic wind power market is projected to continue its growth trajectory, with offshore wind becoming a key focus area, supported by increasing demand for domestic and international markets [1][3] - Investment recommendations include focusing on leading manufacturers in the wind turbine sector and companies involved in high-barrier components such as submarine cables, which are expected to see increased demand [3][3] Group 3: New Energy Vehicles - The new energy vehicle sector in China is projected to achieve sales of 16.49 million units in 2025, reflecting a year-on-year growth of 28.2%, driven by stable market demand and improved product structures [2][3] - The industry is witnessing a recovery in profitability as supply-side chaos is effectively managed, with significant price increases in key materials like lithium hexafluorophosphate and vinyl carbonate [2][3] - The transition to a high-quality development phase is expected in 2026, supported by technological innovations and enhanced supply chain capabilities [2][3] Group 4: Lithium Battery Industry - The lithium battery industry is experiencing a recovery in profitability as inefficient production capacity is eliminated, with key materials seeing price increases and demand from new energy vehicles and energy storage continuing to rise [8][8] - Recommendations include focusing on leading companies in the battery and structural components sectors, which are expected to benefit from the industry's recovery [8][8] - The commercialization of solid-state batteries is accelerating, with several companies making significant progress in this area [8][8]

Core Viewpoint - Longpan Technology's subsidiary, Lithium Source Technology, has signed a strategic cooperation agreement with Farnlight, focusing on lithium iron phosphate technology for new energy heavy trucks [1][5]. Company Summary - Longpan Technology's stock price increased by 3.58%, currently at HKD 11.27, with a trading volume of HKD 33.94 million [1][5]. - The collaboration aims to establish a joint research and application system for "materials + electrolytes" and will form a special cooperation team [1][5]. Industry Summary - The new energy heavy truck sector is experiencing rapid growth, with projected cumulative sales in China reaching 231,100 units by 2025, representing a year-on-year increase of 182%, significantly outpacing the overall growth of new energy commercial vehicles [1][5]. - December sales reached a record high of 45,300 units, indicating strong market demand [1][5]. - Industry experts believe that with decreasing costs, technological advancements, and improved refueling infrastructure, new energy heavy trucks will expand from short-distance scenarios to medium and long-distance logistics, indicating substantial future growth potential [1][5].

龙蟠科技(02465)涨超3%，截至发稿，涨3.58%，报11.27港元，成交额3205.87万港元。 本次双方合作聚焦的新能源重卡领域，目前正处于快速发展阶段。终端上牌数据显示，2025年我国新能 源重卡累计销量达23.11万辆，同比大增182%，远高于新能源商用车整体增速。其中12月销量为4.53万 辆，创单月销量历史新高。业内人士认为，伴随着成本下降、技术迭代以及补能设施完善，新能源重卡 将逐步从短倒场景向中长途干线物流领域渗透，未来仍具备较大增量空间。 消息面上，据证券时报报道，2月9日，龙蟠科技下属子公司锂源科技与法恩莱特签署战略合作协议。据 悉，本次双方合作将聚焦磷酸铁锂技术路线，围绕重卡新能源项目开展深度协同，组建专项合作小组， 构建"材料+电解液"联合研发与应用体系。锂源科技表示，未来双方将以重卡项目为切入点，持续深化 磷酸铁锂路线技术创新与场景应用。 ...

消息面上，据证券时报报道，2月9日，龙蟠科技下属子公司锂源科技与法恩莱特签署战略合作协议。据 悉，本次双方合作将聚焦磷酸铁锂技术路线，围绕重卡新能源项目开展深度协同，组建专项合作小组， 构建"材料+电解液"联合研发与应用体系。锂源科技表示，未来双方将以重卡项目为切入点，持续深化 磷酸铁锂路线技术创新与场景应用。 智通财经APP获悉，龙蟠科技(02465)涨超3%，截至发稿，涨3.58%，报11.27港元，成交额3205.87万港 元。 本次双方合作聚焦的新能源重卡领域，目前正处于快速发展阶段。终端上牌数据显示，2025年我国新能 源重卡累计销量达23.11万辆，同比大增182%，远高于新能源商用车整体增速。其中12月销量为4.53万 辆，创单月销量历史新高。业内人士认为，伴随着成本下降、技术迭代以及补能设施完善，新能源重卡 将逐步从短倒场景向中长途干线物流领域渗透，未来仍具备较大增量空间。 ...

Core Viewpoint - The lithium battery supply chain has experienced significant price increases from 2020 to 2022, driven by strong demand and a smooth transmission of price hikes across the industry [2][3]. Group 1: Price Trends - Electrolyte prices started at 70,000 CNY/ton in September 2020, rising to 100,000 CNY/ton by the end of the year, and reaching a peak of 580,000 CNY/ton in February 2022, with long-term contract prices stabilizing between 200,000 to 300,000 CNY/ton [2][3]. - Iron lithium cathode prices, including phosphoric acid iron and processing fees, doubled in 2021, peaking at over 40,000 CNY/ton by the end of that year [2][3]. - Anode prices began to rise in Q3 2021 due to graphite production constraints, increasing from 12,000 CNY/ton to a high of 25,000 to 28,000 CNY/ton by Q2 2022 [2][3]. Group 2: Supply Chain Dynamics - Lithium carbonate prices rebounded from a low of 40,000 CNY/ton at the end of 2020 to 50,000 CNY/ton in early 2021, and surged to 300,000 CNY/ton by the end of 2021, eventually reaching 520,000 CNY/ton by February 2022 [2][3]. - The battery sector has effectively transmitted raw material price increases, with battery prices rising by 1 cent/wh in Q1 2021 and accelerating to 2-3 cents/wh in Q1 and Q2 of 2022, reaching over 1 CNY/wh [2][3]. Group 3: Future Outlook - Current market conditions resemble Q4 2020, with expectations for continued price increases due to strong demand and low profitability levels compared to previous years [3]. - The industry's expansion willingness is significantly lower than in 2021, with limited new supply expected by 2026, suggesting a more stable price environment [3]. - The anticipated price increases are not expected to be as dramatic as in 2021, with supply-demand tightness projected to be lower, particularly for hexafluorophosphate and lithium carbonate [3]. Group 4: Investment Recommendations - The current valuation of leading companies is considered reasonable, with expected industry growth of 20% in 2027, suggesting potential for investment in the battery sector, including companies like CATL, Yiwei Lithium Energy, and others [4]. - Material leaders such as Keda Lithium and others are also highlighted as strong investment opportunities, alongside companies in the lithium carbonate sector [4]. - The solid-state battery sector is recommended for investment, particularly with catalysts expected to materialize in Q4 2025 [4].

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《國浩律師（上海）事務所關於江蘇龍蟠科技集團 股份有限公司2025年度向特定對象發行A股股票之補充法律意見書（一）（修訂稿）》 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 二零二六年二月六日 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 ...