Core Viewpoint - Shenzhen Demingli Technology Co., Ltd. has announced its 2024 annual profit distribution and capital reserve transfer plan, which was approved at the shareholders' meeting on May 16, 2025 [1] Summary by Sections 1. Profit Distribution Plan - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares (including tax) to all shareholders, with a total cash distribution amounting to 48,531,091.80 RMB [2] - Additionally, the company will increase its share capital by 4 shares for every 10 shares held, resulting in a total of 64,708,122 new shares issued, raising the total share capital from 161,770,306 shares to 226,478,428 shares [2] 2. Shareholder Registration and Ex-Dividend Dates - The record date for the rights distribution is set for July 9, 2025, and the ex-dividend date is July 10, 2025 [3] 3. Distribution Method - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the record date [3] - Any fractional shares resulting from the distribution will be allocated based on a descending order of the fractional amounts [3] 4. Share Capital Changes - The share capital structure before and after the distribution is detailed, showing the increase in both restricted and unrestricted shares [4] - The total share capital will increase to 226,478,428 shares, with specific proportions for restricted and unrestricted shares outlined [4] 5. Adjustments and Consultations - The company will adjust relevant parameters, including earnings per share, and will convene a board meeting to disclose any necessary adjustments [4] - Contact information for inquiries is provided, including the address and phone number for consultation [4]

证券代码：001309 证券简称：德明利 公告编号：2025-052 深圳市德明利技术股份有限公司 2024 年年度权益分派实施的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 本次利润分配及资本公积金转增股本预案实施后，公司剩余未分配利润结转 下年度。若在公司 2024 年度利润分配及资本公积金转增股本预案公告后至实施 前，公司总股本由于股权激励行权、股份回购注销等原因而发生变化的，公司派 发现金红利分配方案将按照每 10 股派发现金红利 3.00 元不变的原则调整分红总 金额、按照资本公积金每 10 股转增 4 股比例不变的原则调整转增股本数量。 2、自权益分派方案披露至实施期间，公司总股本未发生变化。 3、公司本次实施的权益分派方案与股东大会审议通过的分配方案及其调整 原则一致。 4、本次实施权益分派方案距离股东大会审议通过的时间未超过两个月。 二、本次实施的权益分派方案 深圳市德明利技术股份有限公司（以下简称"公司"）2024 年年度权益分 派方案已获 2025 年 5 月 16 日召开的 2024 年年度股东大会审议通过，现将权 益分派事宜公告 ...

Investment Rating - The industry investment rating is maintained as "Add" [7] Core Views - The report highlights the expected increase in 1Tb NAND supply in the second half of 2025 due to some manufacturers shifting production to advanced processes [1] - Micron has made significant progress in the 1-gamma DRAM technology node, with a notable increase in yield rates [2] - AMD's new MI350 series AI chips feature HBM3E memory capacity that is 1.6 times that of NVIDIA's GB200/B200, indicating competitive advancements in AI workloads [3] - The LPDDR4X supply is tightening, leading to price increases, while DDR4 memory prices remain stable due to market rationalization [4] Summary by Sections NAND Market - CFM reports that some NAND manufacturers are transitioning to advanced processes, which is expected to increase 1Tb NAND supply starting in the second half of 2025. Last week, NAND spot prices varied from 0.00% to 3.82%, with an average change of 1.56% [1][28] DRAM Market - Micron has achieved significant advancements in the 1-gamma DRAM technology node, with yield improvements surpassing previous records. The spot prices for DRAM increased by an average of 9.19% last week, with a range of 0.14% to 24.70% [2][28] HBM Market - AMD's MI350 series GPUs, designed for AI workloads, feature up to 288GB of HBM3E memory and 8TB/s memory bandwidth. The MI355X model has a memory capacity 1.6 times that of NVIDIA's comparable models, showcasing AMD's competitive edge [3][29] Market Trends - The LPDDR4X supply is tightening, leading to price increases, while DDR4 memory prices are stabilizing as the market becomes more rational. The overall supply situation remains challenging, with DDR4 memory delivery times still extended [4][30] Investment Recommendations - The report maintains a positive outlook on the HBM industry chain benefiting from the rapid development of advanced computing chips. Recommended companies include Saiteng Co., Yishitong, Lianrui New Materials, and Huahai Chengke. For storage chips, companies like Dongxin Co., Zhaoyi Innovation, Hengsuo Co., and others are highlighted as potential investments [5]

Group 1 - CPO concept stocks experienced a sharp decline in the short term, with LianTe Technology (301205) dropping over 6% [1] - De Ming Li (001309) fell more than 4%, while Guang Ku Technology (300620), Zhao Long Interconnect (300913), and Jian Qiao Technology (603083) also saw significant declines [1]

Summary of Storage Industry Conference Call Industry Overview - The storage industry in China is experiencing a significant transformation driven by domestic substitution, with upstream manufacturers improving technology and downstream domestic brands rising, creating opportunities for local module manufacturers to enter the mid-to-high-end market [1][5][18]. Key Points Market Dynamics - The storage industry has faced cyclical fluctuations, with a significant loss in 2022 followed by price increases in 2023 due to upstream production cuts. However, demand weakened in Q2 2024, leading to a price decline [1][6]. - By the end of 2023, upstream manufacturers began reducing production again, resulting in a price recovery in March 2024, with NAND prices showing moderate recovery in May and DDR4 prices rising due to supply-side control [1][6][7]. Price Trends - The overall storage industry is currently in a healthy recovery phase, with controlled production rates from manufacturers and ongoing process iterations in NAND technology. DDR4 prices are rising quickly, indicating potential absorption phenomena [1][7]. - In Q2 2025, storage market prices are expected to exceed expectations, particularly in the DRAM sector, with NAND benefiting from cautious production and increased SSD demand from CSP manufacturers [9][12]. Demand Drivers - The main growth drivers for the Chinese storage industry include domestic opportunities, with upstream manufacturers gaining market share and technology improvements, and the rise of domestic brands responding to localization and national security needs [5][13]. - The enterprise storage market is seeing increased demand, particularly from major domestic clients like Tencent and Alibaba, with orders accelerating since late 2024 [8][15]. Product Performance - In Q2 2025, NAND wafer prices are expected to recover slightly, while DDR market prices are showing significant increases, especially for DDR4, while DDR5 remains stable [9][10]. - The embedded storage market for mobile devices is experiencing healthy growth, with LPDDR showing strong demand [9][10]. Profitability and Margins - The elasticity of gross margins for storage module manufacturers varies based on customer structure and downstream application demand. Companies focusing on the spot market tend to see more significant margin increases compared to those serving large brand clients [11][14]. - The enterprise storage market is expected to see revenue growth outpacing profit growth due to ongoing investments in R&D and capacity, with profitability expected to improve around 2027 [13][15]. Future Outlook - The storage market is projected to show moderate recovery throughout 2025, driven by supply-side constraints and gradual increases in consumer demand [12][18]. - Key companies to watch in the current storage industry trend include Demingli, Jiangbolong, Baiwei, and Zhaoyi Innovation, with Demingli and Baiwei expected to show more significant growth due to their smaller size [19]. Additional Insights - The mid-to-high-end mobile storage market is focusing on three main development directions: packaging technology, embedded main control chips, and optimizing human efficiency to enhance profitability [16][17]. - The overall performance of the storage module industry in Q2 2025 is expected to show a positive trend, driven by price recovery and increased demand from mid-to-high-end mobile and server markets [18].

核查意见 华泰联合证券有限责任公司关于 深圳市德明利技术股份有限公司控股股东 首次公开发行前已发行股份上市流通事项的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐人"）作 为深圳市德明利技术股份有限公司（以下简称"德明利"或"公司"）的持续督 导机构，根据《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》 《深圳证券交易所股票上市规则》和《深圳证券交易所上市公司自律监管指引第 前已发行股份上市流通事项进行了认真、审慎的核查，并发表本核查意见，具体 情况如下： 一、首次公开发行前已发行股份情况 经中国证券监督管理委员会《关于核准深圳市德明利技术股份有限公司首次 公开发行股票的批复》 （证监许可〔2022〕1120 号）核准，公司首次公开发行人 民币普通股 20,000,000 股，并经深圳证券交易所《关于深圳市德明利技术股份有 限公司人民币普通股股票上市的通知》（深证上〔2022〕620 号）同意，公司发 行的人民币普通股股票于 2022 年 7 月 1 日在深圳证券交易所主板上市，新股发 行后公司总股本由 60,000,000 股增至 80,000,000 股。 二、公司上市 ...

证券代码：001309 证券简称：德明利 公告编号：2025-050 深圳市德明利技术股份有限公司 关于 2023 年限制性股票激励计划预留部分限制性股票第一个解除 限售期解除限售股份上市流通的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没 有虚假记载、误导性陈述或者重大遗漏。 重要内容提示： 计为 165,438 股，占公司目前总股本的比例为 0.1023%； 深圳市德明利技术股份有限公司（以下简称"公司"或"德明利"）于 2025 年 6 月 6 日召开第二届董事会第二十九次会议和第二届监事会第二十七次会议， 审议通过了《关于 2023 年限制性股票激励计划预留部分限制性股票第一个解除 限售期解除限售条件成就的议案》。根据《上市公司股权激励管理办法》、深圳 证券交易所、中国证券登记结算有限责任公司深圳分公司和公司《2023 年限制 性股票激励计划（草案）》（以下简称"本激励计划"）的有关规定，公司办理 完成本激励计划预留部分限制性股票第一个解除限售期解除限售股份手续，现将 有关情况公告如下： 一、本激励计划已履行的决策程序和信息披露情况 议、第一届董事会第三十次会议、第一届监事会 ...

Core Viewpoint - The announcement details the lifting of restrictions on shares held by the controlling shareholder of Demingli Technology Co., Ltd., which will allow for the trading of previously restricted shares after a specified period [1][12]. Group 1: Share Issuance and Capital Structure - The company completed its initial public offering (IPO) on July 1, 2022, issuing 20,000,000 shares, increasing the total share capital from 60,000,000 to 80,000,000 shares [1]. - Following the IPO, the total share capital was 80,000,000 shares, with 20,000,000 shares being freely tradable and 60,000,000 shares subject to restrictions [1]. - As of May 31, 2025, the total share capital stands at 161,770,306 shares, with 87,636,153 shares (54.17%) being unrestricted and 74,134,153 shares (45.83%) being restricted [3]. Group 2: Shareholder Commitments and Restrictions - The controlling shareholder, Mr. Li Hu, made commitments regarding the transfer of shares, including a 36-month lock-up period post-IPO, which began on July 1, 2022 [1][10]. - Mr. Li Hu holds 59,704,735 shares, with 1,302,960 shares subject to an 18-month lock-up period starting from January 23, 2025 [10]. - The announcement confirms that Mr. Li Hu has adhered to his commitments, and there are no instances of non-compliance regarding the use of company funds [9][12]. Group 3: Dividend Distribution and Capital Increase - The company has distributed cash dividends of 1.8709 yuan per 10 shares and has increased capital by issuing 4 additional shares for every 10 shares held [2]. - The total share capital increased from 80,176,800 shares to 112,247,520 shares following the capital increase [2]. Group 4: Regulatory Compliance and Verification - The sponsor, Huatai United Securities Co., Ltd., has verified that the lifting of share restrictions complies with relevant laws and regulations, and the information disclosed by the company is accurate and complete [12].

特别提示： 证券代码：001309 证券简称：德明利 公告编号：2025-051 深圳市德明利技术股份有限公司 关于控股股东首次公开发行前已发行股份上市流通提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 一、首次公开发行前已发行股份情况 1、深圳市德明利技术股份有限公司（以下简称"公司"、"德明利"）本 次解除限售的股份为公司控股股东李虎先生首次公开发行前已发行的股份，限 售起始日期为 2022 年 7 月 1 日，首次公开发行时承诺限售期为 36 个月； 2、本次解除限售股份数量为 58,401,775 股，占公司总股本的 36.10%； 3、本次解除限售股份的上市流通日期为 2025 年 7 月 1 日（星期二）。 经中国证券监督管理委员会《关于核准深圳市德明利技术股份有限公司首次 公开发行股票的批复》（证监许可〔2022〕1120 号）核准，公司首次公开发行人 民币普通股 20,000,000 股，并经深圳证券交易所《关于深圳市德明利技术股份 有限公司人民币普通股股票上市的通知》（深证上〔2022〕620 号）同意，公司 发行的人民币普通股 ...

核查意见 华泰联合证券有限责任公司关于 深圳市德明利技术股份有限公司控股股东 首次公开发行前已发行股份上市流通事项的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐人"）作 为深圳市德明利技术股份有限公司（以下简称"德明利"或"公司"）的持续督 导机构，根据《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》 《深圳证券交易所股票上市规则》和《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等有关规定，对德明利控股股东首次公开发行 前已发行股份上市流通事项进行了认真、审慎的核查，并发表本核查意见，具体 情况如下： 一、首次公开发行前已发行股份情况 2023 年 9 月 8 日，公司 2023 年股权激励计划首次授予股份完成登记上市， 本次登记上市股份数共 1,000,280 股，公司总股本由 112,247,520 股变更为 113,247,800 股； 2024 年 4 月 17 日，公司回购注销 2023 年股权激励计划不符合激励条件的 8 名离职人员已授予登记的限制性股票 30,800 股，公司总股本由 113,247,800 股变 更为 113,21 ...