During morning trading, Fulin Precision Components' stock price experienced a sharp increase, soaring nearly 8% at one juncture.
On the news front, Fulin Precision Components disclosed on September 18 that its controlled subsidiary, Jiangxi Shenghua, had entered into an advance payment agreement with CATL (Contemporary Amperex Technology Co. Limited), a globally renowned battery manufacturer. Personnel closely associated with Fulin Precision Components mentioned that the company's high-pressure solid-density lithium iron phosphate cathode material products have garnered significant favor among high-end clientele, with CATL emerging as its primary customer. Should the advance payment agreement be executed as planned, coupled with the anticipated expansion in production capacity and an influx of sales orders, the economies of scale along the production line are expected to become increasingly pronounced. This development is poised to exert a positive influence on the company's lithium battery material business.