华创证券指出，龙蟠科技是润滑油与车用尿素龙头，2021年收购贝特瑞子公司贝特瑞（天津）与江苏贝特瑞100%股权，并在四川、江苏设立子公司投建磷酸铁锂产线，由此进入磷酸铁锂正极领域。贝特瑞下游客户覆盖主流电池厂宁德时代、比亚迪等企业。公司通过收购龙头企业的形式介入磷酸铁锂行业，相比钛白粉、磷化工转型做磷酸铁锂的企业而言更具客户优势，同时产品开发期大大降低，或将更快受益本轮磷酸铁锂景气周期。Jiangsu Lopal Tech (02465) rose over 10%, as of the time of writing, up 10%, reported at 5.28 Hong Kong dollars, with a transaction amount of 52.04 million Hong Kong dollars.
According to Zhitong Finance APP, Jiangsu Lopal Tech. (02465) rose more than 10%, as of the time of writing, it is up 10%, priced at 5.28 Hong Kong dollars, with a trading volume of 52.04 million Hong Kong dollars.
In news, on the evening of December 24th, Jiangsu Lopal Tech. announced that its holding subsidiaries, Changzhou Lithium Source and Asia Pacific Lithium Source, have revised their "Long-Term Supply Agreement" signed with South Korea's LG New energy Fund (LGES) in February this year. The most notable change after the revision is the increase in the sales quantity of lithium iron phosphate Cathode Material from 0.16 million tons to 0.26 million tons before 2028. Calculated at current market prices, the overall market value of this latest Order is nearly 10 billion yuan, making it the largest Trade Contract signed in this year's Global lithium iron phosphate market.
Huachuang Securities pointed out that Jiangsu Lopal Tech. is a leader in lubricants and automotive urea. In 2021, it acquired 100% equity of Better Recycle (Tianjin) and Jiangsu Better Recycle, and established subsidiaries in SiChuan and Jiangsu to set up lithium iron phosphate production lines, thereby entering the field of lithium iron phosphate Cathode Material. Better Recycle's downstream customers include mainstream Battery manufacturers like Contemporary Amperex Technology and BYD. The company has entered the lithium iron phosphate Industry by acquiring leading enterprises, which gives it more customer advantages compared to titanium dioxide and Phosphorus Chemicals companies transitioning to lithium iron phosphate, and significantly reduces the product development period, potentially allowing it to benefit more quickly from the current lithium iron phosphate boom cycle.
