Fulin Precision's stock price surged nearly 8% in early trading. On September 18th, Fulin Precision announced that its controlling subsidiary, Jiangxi Shenghua, had signed an advance payment agreement with Contemporary Amperex Technology (CATL). CATL will pay Jiangxi Shenghua a 1.5 billion yuan advance payment to secure lithium iron phosphate (LFP) supplies and support Jiangxi Shenghua's raw material development. The agreement is valid from the date of signing until December 31, 2026. A representative from Fulin Precision stated that the company's high-density LFP cathode materials are currently favored by high-end customers, primarily CATL. If the advance payment agreement is successfully fulfilled, the continued expansion of production capacity and sales orders will further enhance the scale effect of the production line, positively impacting the lithium battery materials business.