Core Viewpoint - The lithium iron phosphate (LFP) materials industry is experiencing a paradox of strong market demand but widespread losses among companies, prompting price adjustments and a search for sustainable development paths [3][4][5]. Group 1: Industry Challenges - The LFP industry has faced three consecutive years of losses, leading major companies to adjust product prices in an effort to recover profitability [4][6]. - Key raw materials for LFP production are in short supply and experiencing rapid price increases, causing companies to slow down expansion efforts [4][8]. - The industry is characterized by structural overcapacity, with many companies suffering from high debt levels and low profit margins, making the current situation unsustainable [9][11]. Group 2: Price Adjustments and Market Dynamics - A wave of price increases is occurring, with major manufacturers notifying clients of price hikes for LFP products starting in 2026 [7][8]. - As of December 1, the average spot price for power-type LFP reached 39,950 yuan/ton, while energy storage-type LFP reached 36,950 yuan/ton, driven by rising upstream raw material costs [7][8]. - The demand for energy storage and electric vehicles has surged, with significant growth in lithium-ion battery exports and a domestic new energy vehicle penetration rate exceeding 45% [8][9]. Group 3: Regulatory and Standardization Efforts - The Ministry of Industry and Information Technology (MIIT) has signaled the need for regulatory measures to address irrational competition in the battery industry [13][14]. - The China Chemical and Physical Power Industry Association plans to establish a comprehensive standard system for the LFP industry by 2026, focusing on production capacity, technology, and environmental standards [12][15]. - There is a consensus among industry representatives on the importance of establishing unified technical standards to guide investment and production towards advanced products, thereby avoiding exacerbation of overcapacity in lower-tier products [15][16].

关于选举职工董事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 湖南裕能新能源电池材料股份有限公司（以下简称"公司"）分别于 2025 年 11月26 日召开第二届董事会第十七次会议、第二届监事会第十六次会议，于2025 年 12 月 12 日召开 2025 年第二次临时股东大会，审议通过了《关于修订<公司章 程>及其附件并办理工商变更登记的议案》。 根据修订后的《公司章程》规定，公司设职工董事 1 名，董事会中的职工代 表由公司职工通过职工代表大会、职工大会或者其他形式民主选举产生，无需提 交股东会审议。公司于 2025 年 12 月 12 日召开职工代表大会，选举汪咏梅女士 为公司第二届董事会职工董事（简历见附件）。汪咏梅女士由第二届董事会非职 工董事变更为第二届董事会职工董事，任期自本次职工代表大会选举通过之日起 至公司第二届董事会任期届满之日止。 本次选举完成后，公司第二届董事会成员及各专门委员会成员构成不变，公 司董事会中兼任高级管理人员以及由职工代表担任的董事人数未超过公司董事 总数的二分之一，符合相关法律、法规及《公司章程》的有关规定。 ...

2025 年第二次临时股东大会决议公告 证券代码：301358 证券简称：湖南裕能 公告编号：2025-067 湖南裕能新能源电池材料股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、现场会议召开时间：2025 年 12 月 12 日 15:00 2、现场会议召开地点：湖南省湘潭市雨湖区鹤岭镇日丽路 18 号湖南裕能新 能源电池材料股份有限公司二楼会议室 3、网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 12 月 12 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互 联网投票系统投票的具体时间为 2025 年 12 月 12 日 9:15 至 15:00 的任意时间 4、召开方式：采用现场表决与网络投票相结合的方式 （二）会议出席情况 1、出席会议股东的总体情况 本次股东大会出席的股东及股东代理人共 272 名，代表股份共计 ...

之 法律意见书 长沙市湘江中路保利国际广场 B3 栋 17 楼 邮编：410000 17/F, Building B3, Poly International Plaza, Middle Xiangjiang Road, Changsha 410000, China 电话/Tel: +86 731 8868 1999 传真/Fax: +86 731 8868 1999 国浩律师（长沙）事务所 关于 湖南裕能新能源电池材料股份有限公司 2025 年第二次临时股东大会 网址/Website: http://www.grandall.com.cn 2025 年 12 月 国浩律师（长沙）事务所 法律意见书 国浩律师（长沙）事务所 关于湖南裕能新能源电池材料股份有限公司 2025 年第二次临时股东大会之 法律意见书 致：湖南裕能新能源电池材料股份有限公司 国浩律师（长沙）事务所（以下简称"本所"）接受湖南裕能新能源电池材料 股份有限公司（以下简称"公司"）的委托，指派本所律师出席并见证了公司 2025 年第二次临时股东大会，并根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《中华人民共和国证券法》（以下简称 ...

证券日报网讯12月12日，湘潭电化（002125）在互动平台回答投资者提问时表示，公司现持有湖南裕能 （301358）6.32%股份，对其采用权益法(按湖南裕能净利润的份额确认)核算投资收益并体现在利润表 中。目前湖南裕能股价波动对投资收益没有影响，只有在公司对其股份进行减持转让时才会对财务报表 产生影响。 ...

Core Viewpoint - The announcement of Hunan YN Energy's successful approval for a private placement of up to 4.788 billion yuan marks a significant step in expanding its production capacity in the lithium-ion battery materials sector, particularly in manganese lithium phosphate and lithium iron phosphate, aligning with the growing demand in the new energy industry [1] Group 1: Company Developments - Hunan YN Energy plans to raise up to 4.788 billion yuan through a private placement to enhance its production capacity and working capital, focusing on key materials for lithium-ion batteries [1] - The company is a key player in the lithium-ion battery cathode materials sector, specializing in the research, production, and sales of phosphate cathode materials, which are essential for electric vehicle and energy storage applications [1] - The funds from the private placement will be allocated to three major capacity expansion projects, including a 320,000-ton manganese lithium phosphate project and a 75,000-ton long-cycle lithium iron phosphate project [3] Group 2: Industry Trends - The global demand for power batteries is experiencing explosive growth, with shipments expected to rise from 186 GWh in 2020 to 995 GWh in 2024, reflecting a compound annual growth rate (CAGR) of 52.1% [2] - The energy storage market is also rapidly expanding, with shipments projected to increase from 27 GWh in 2020 to 360 GWh in 2024, achieving a CAGR of 91.1% [2] - The convergence of demand in both the energy storage and power battery sectors is expected to create significant growth opportunities for phosphate cathode materials [2][4] Group 3: Strategic Initiatives - Hunan YN Energy is advancing its integrated strategy from resource extraction to battery recycling, ensuring supply chain stability and enhancing its competitive position [4] - The company is also progressing with its copper smelting project and plans to initiate construction on its project in Spain, contributing to its global expansion strategy [4] - The introduction of new products that align with industry trends, such as large cell technology for energy storage and fast-charging capabilities for power batteries, is expected to drive revenue growth [3][4]

Core Viewpoint - Hunan YN Energy (301358.SZ) has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, with plans to raise up to 478.8 million RMB for various lithium battery material projects and working capital [1][2]. Group 1: Share Issuance Details - The total amount of funds to be raised from the share issuance is capped at 478.8 million RMB, which will be used for projects including an annual production of 320,000 tons of lithium manganese iron phosphate, 75,000 tons of ultra-long cycle lithium iron phosphate, and 100,000 tons of lithium iron phosphate, as well as to supplement working capital [1]. - The shares will be issued as domestic RMB ordinary shares (A-shares) with a par value of 1.00 RMB per share, and the issuance will be conducted through a targeted offering [1]. - The issuance will involve no more than 35 specific investors, with the final selection to be determined by the board of directors or authorized personnel based on the approval from the shareholders' meeting [2]. Group 2: Pricing and Regulatory Compliance - The issuance price will not be lower than 80% of the average price of the company's A-shares over the 20 trading days prior to the pricing benchmark date, with the final price to be determined through a competitive negotiation process [2]. - The number of shares to be issued will be calculated based on the total amount of funds raised divided by the issuance price, not exceeding 15% of the company's total share capital prior to the issuance, which amounts to a maximum of 113,587,960 shares [2]. - The company currently has no controlling shareholder or actual controller, and this status is expected to remain unchanged after the issuance [3]. Group 3: Underwriting Information - The lead underwriter for this issuance is CITIC Securities Co., Ltd., with representatives Hu Debo and Zhang Shuai overseeing the process [4].

智通财经APP讯，湖南裕能(301358.SZ)公告，公司于2025年12月11日收到深圳证券交易所上市审核中心 出具的《关于湖南裕能新能源电池材料股份有限公司申请向特定对象发行股票的审核中心意见告知 函》。深交所上市审核中心对公司向特定对象发行股票的申请文件进行了审核，认为公司符合发行条 件、上市条件和信息披露要求，后续深交所将按规定报中国证券监督管理委员会履行相关注册程序。 ...

智通财经APP讯，湖南裕能(301358.SZ)公告，公司于2025年12月11日收到深圳证券交易所上市审核中心 出具的《关于湖南裕能新能源电池材料股份有限公司申请向特定对象发行股票的审核中心意见告知 函》。深交所上市审核中心对公司向特定对象发行股票的申请文件进行了审核，认为公司符合发行条 件、上市条件和信息披露要求，后续深交所将按规定报中国证券监督管理委员会履行相关注册程序。 ...

Core Viewpoint - The lithium battery industry is experiencing significant price increases and supply chain adjustments due to rising raw material costs and strong demand, particularly in the energy storage and electric vehicle sectors [3][4][5]. Industry Trends - Dejia Energy announced a 15% price increase for its battery products starting December 16 due to rising production costs from upstream raw materials [3]. - Contemporary Amperex Technology Co., Ltd. (CATL) and other leading companies are securing long-term agreements to lock in upstream capacity and supply chains, emphasizing the importance of capacity acquisition for future growth [3][4]. - The lithium battery supply chain is currently characterized by a "full production and sales" state, with companies like Penghui Energy and Tianji Co. reporting strong demand and rising prices for their products [4]. Market Demand - Global power battery installation reached 811.7 GWh in the first three quarters of this year, a 34.7% increase from the previous year, while the energy storage market saw a 90.7% year-on-year growth [5]. - The rapid growth in renewable energy installations and the expansion of AI data centers are driving increased demand for energy storage solutions [5]. Long-term Contracts - The industry is witnessing a surge in long-term contracts, with significant agreements such as a 10-year strategic partnership between Haibosi and CATL for a minimum of 200 GWh of procurement [6]. - Other notable contracts include a collaboration between Hicharge Energy and CRRC Zhuzhou Electric Locomotive Research Institute for at least 120 GWh of energy storage products [6]. Price Dynamics - The price of battery-grade lithium carbonate has surged to 92,750 RMB per ton, a 23% increase from the previous month, while the price of lithium hexafluorophosphate has exceeded 180,000 RMB per ton [4]. - The tight supply and high demand have led to longer delivery times, with some companies reporting that delivery schedules extend into the first half of next year [4]. Technological Advancements - The industry is undergoing a "quality upgrade" driven by technological advancements, with companies like CATL launching fifth-generation lithium iron phosphate batteries that improve energy density and cycle life [9][10]. - High-density lithium iron phosphate products are becoming a focus, with expectations that their market share will increase significantly by 2026 [9]. Capacity Expansion - Companies are accelerating capacity expansion to meet growing demand, with Fulin Precision Engineering planning to invest 4 billion RMB to build a new production line for lithium iron phosphate [8]. - Dragon Power Technology is also raising funds to expand production capacity in response to customer needs [8]. Globalization Efforts - Leading companies are pursuing global expansion strategies, with firms like Hunan YN planning production capacity in Spain and Dragon Power Technology nearing full production at its Indonesian facility [10]. - The industry is shifting from scale competition to value competition, aiming for high-quality development as new products are launched and recycling systems are improved [10].