法律意见书 关于深圳市德明利技术股份有限公司 2024 年限制性股票激励计划 调整预留授予价格及授予数量的 法 律 意 见 书 致：深圳市德明利技术股份有限公司 广东信达律师事务所（以下简称"信达"）根据深圳市德明利技术股份有限公 司（以下简称"公司"）与签订的《专项法律顾问聘请协议》，接受公司委托，担 任公司 2024 年限制性股票激励计划（以下简称"本次激励计划"）的专项法律顾问。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股权激 励管理办法》（以下简称《管理办法》）、《深圳证券交易所上市公司自律监管指 南第 1 号——业务办理》（以下简称《自律监管指南》）等有关法律、法规和规范 性文件以及《深圳市德明利技术股份有限公司章程》（以下简称《公司章程》）、 《深圳市德明利技术股份有限公司 2024 年限制性股票激励计划（草案）》（以下简 称《2024 年限制性股票激励计划（草案）》）的规定，按照律师行业公认的业务标 准、道德规范和勤勉尽责精神，就公司 2024 年限制性股票激励计划调整预留授予价 格及授予数量（"本次调整"）的事项，信达出具《广东信达律师事务所关于深圳 市德明利技术股份有限 ...

法律意见书 法律意见书 关于深圳市德明利技术股份有限公司 2024 年限制性股票激励计划 调整回购价格、回购数量及 回购注销部分限制性股票的 法 律 意 见 书 中国 深圳 福田区 益田路6001号太平金融大厦11、12楼 邮政编码：518038 11&12F., Taiping Finance Tower,6001 Yitian Road, Futian District, Shenzhen, PR. China 518038 电话（Tel.）：（0755）8826 5288 传真（Fax.）：（0755）8826 5537 网址（Website）：https://www.sundiallawfirm.com 1 广东信达律师事务所 关于深圳市德明利技术股份有限公司 2024 年限制性股票激励计划 调整回购价格、回购数量及 回购注销部分限制性股票的 法律意见书 信达励字（2025）第 092 号 致：深圳市德明利技术股份有限公司 广东信达律师事务所（以下简称"信达"）根据深圳市德明利技术股份有限公 司（以下简称"公司"）与签订的《专项法律顾问聘请协议》，接受公司委托，担 任公司 2024 年限制性股票激励计 ...

证券代码：001309 证券简称：德明利 公告编号：2025-061 深圳市德明利技术股份有限公司 深圳市德明利技术股份有限公司（以下简称"公司"）于 2025 年 7 月 10 日 召开第二届董事会第三十次会议审议通过了《关于提请召开公司 2025 年第二次 临时股东大会的议案》，公司决定于 2025 年 7 月 28 日下午 15：00 点召开 2025 年第二次临时股东大会，现就本次股东大会相关事宜通知如下： 一、召开会议的基本情况 1、股东大会届次：2025 年第二次临时股东大会。 2、股东大会的召集人：公司第二届董事会。 3、会议召开的合法、合规性：本次股东大会的召开程序符合有关法律、行 政法规、部门规章、规范性文件、深圳证券交易所业务规则和《公司章程》的规 定。 关于召开 2025 年第二次临时股东大会的通知 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。 4、会议召开的日期、时间： （1）现场会议召开时间：2025 年 7 月 28 日（星期一）15:00； （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 ...

证券代码：001309 证券简称：德明利 公告编号：2025-055 深圳市德明利技术股份有限公司 第二届监事会第二十八次会议决议公告 本公司及监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、监事会会议召开情况 深圳市德明利技术股份有限公司（以下简称"公司"）第二届监事会第二十 八次会议的会议通知已于 2025 年 7 月 7 日以电子邮件、微信的方式送达给全体 监事，会议于 2025 年 7 月 10 日在公司 24 楼会议室以现场结合通讯表决方式召 开。本次会议由公司监事会主席李国强先生召集并主持，应出席监事 3 名，实际 出席监事 3 名，董事会秘书于海燕女士列席了本次会议。本次会议的召集、召开 和表决程序符合《公司法》等法律、法规和《公司章程》的规定。 二、监事会会议审议情况 经与会监事审议，作出如下决议： 1、审议通过了《关于调整 2024 年限制性股票激励计划预留部分已获授但 尚未登记的限制性股票授予数量及授予价格的议案》 经认真审核，监事会认为：公司董事会根据 2024 年公司权益分派内容调整 2024 年限制性股票激励计划预留部分限制性股票的授予 ...

证券代码：001309 证券简称：德明利 公告编号：2025-054 深圳市德明利技术股份有限公司 第二届董事会第三十次会议决议公告 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、董事会会议召开情况 深圳市德明利技术股份有限公司（以下简称"公司"）第二届董事会第三十 次会议的会议通知已于 2025 年 7 月 7 日以电子邮件、微信的方式送达给全体董 事，会议于 2025 年 7 月 10 日在公司 24 楼会议室以现场结合通讯表决方式召开。 本次会议应出席董事 7 名，实际出席董事 7 名（其中，董事叶柏林、独立董事周 建国、独立董事曾献君、独立董事杨汝岱以通讯方式出席并表决），公司全体监 事及高级管理人员列席了本次会议。本次会议的出席人数、召集、召开程序和议 事内容均符合《公司法》等法律、法规和《公司章程》的有关规定，合法有效。 二、董事会会议审议情况 本次会议由董事长李虎召集和主持。经与会董事认真审议，作出如下决议： （一）审议通过了《关于调整 2024 年限制性股票激励计划预留部分已获授 但尚未登记的限制性股票授予数量及授予价格的议案》 由于公 ...

Group 1 - Aishuo Co., Ltd. expects a net loss of 170 million to 280 million yuan for the first half of 2025, with a net loss of 410 million to 520 million yuan after excluding non-recurring gains and losses [1] - Changcheng Military Industry anticipates a net loss of 25 million to 29.5 million yuan for the first half of 2025, with a net loss of 35 million to 41 million yuan after excluding non-recurring gains and losses [1] - Changyuan Donggu expects a net profit of 155 million to 180 million yuan for the first half of 2025, representing a year-on-year increase of 62.65% to 88.88% [1] Group 2 - Beifang Navigation forecasts a net profit of 105 million to 120 million yuan for the first half of 2025, turning around from a loss of 74.2168 million yuan in the same period last year [3] - Xizi Clean Energy expects a net profit of 130 million to 180 million yuan for the first half of 2025, a decrease of 47.40% to 62.01% compared to the same period last year [4] - Tianbao Infrastructure anticipates a net profit of 90 million to 130 million yuan for the first half of 2025, representing a year-on-year increase of 1581.80% to 2329.27% [4] Group 3 - Taiping Bird expects a net profit of approximately 77.7 million yuan for the first half of 2025, a decrease of about 55% compared to the same period last year [6] - Xibu Chuangye forecasts a net profit of approximately 295 million yuan for the first half of 2025, an increase of 88.99% compared to the same period last year [8] - Zhengbang Technology expects a net profit of 190 million to 210 million yuan for the first half of 2025, a year-on-year increase of 249.03% to 264.72% [9] Group 4 - Songzhi Co., Ltd. anticipates a net profit of 140 million to 170 million yuan for the first half of 2025, representing a year-on-year increase of 53.58% to 86.49% [10] - Hailide expects a net profit of 280 million to 310 million yuan for the first half of 2025, a year-on-year increase of 47.65% to 63.47% [12] - Chenhua Co., Ltd. forecasts a net profit of 48.8176 million to 56.6284 million yuan for the first half of 2025, a year-on-year increase of 25% to 45% [13] Group 5 - Yuanlin Co., Ltd. expects a net loss of 68 million to 92 million yuan for the first half of 2025, with a net loss of 70 million to 95 million yuan after excluding non-recurring gains and losses [14] - Chuanhua Zhili anticipates a net profit of 500 million to 550 million yuan for the first half of 2025, representing a year-on-year increase of 72.78% to 90.06% [15] - Longyuan Technology expects a net profit of 26 million to 31 million yuan for the first half of 2025, a year-on-year increase of 116.61% to 158.26% [17] Group 6 - Jiangshan Co., Ltd. forecasts a net profit of 300 million to 360 million yuan for the first half of 2025, a year-on-year increase of 75.65% to 110.78% [32] - Ganli Pharmaceutical expects a net profit of 600 million to 640 million yuan for the first half of 2025, a year-on-year increase of 100.73% to 114.12% [33] - Zhongyan Chemical's subsidiary signed a 6.809 billion yuan mining rights transfer contract [35]

Core Viewpoint - The company Demingli (001309.SZ) is expected to report significant losses in the first half of 2025, with net profit attributable to shareholders projected to be between -80 million to -120 million yuan, a substantial decline from the previous year's profit of 387.65 million yuan [1][2]. Financial Performance Summary - Net profit attributable to shareholders is forecasted to be a loss of -80 million to -120 million yuan, representing a decrease of 120.64% to 130.96% compared to the same period last year [2]. - The net profit after deducting non-recurring gains and losses is expected to be a loss of -84.5 million to -124.5 million yuan, down 122.84% to 133.65% year-on-year [2]. - Revenue is projected to be between 3.8 billion to 4.2 billion yuan, indicating a growth of 74.63% to 93.01% compared to the previous year [1][2]. - Basic earnings per share are expected to be a loss of 0.49 to 0.74 yuan per share, compared to earnings of 2.63 yuan per share in the same period last year [2]. R&D and Operational Costs - The company has faced pressure on its performance due to industry cycle fluctuations, structural adjustments in market demand, and temporary cost pressures [1]. - To support strategic customer business expansion and improve product layout, the company has significantly increased its R&D investment, with R&D expenses expected to reach approximately 130 million yuan, up from 86.64 million yuan in the same period last year, marking a 50% increase [2]. Cash Flow Analysis - The net cash flow from operating activities has been negative for the past three years, with figures of -331 million yuan in 2022, -1.015 billion yuan in 2023, and -1.263 billion yuan in 2024 [3][4]. Fundraising and Financial Activities - The company raised a total of 530.8 million yuan through its initial public offering, with a net amount of 455.89 million yuan after expenses [5]. - The company has conducted a follow-up issuance of 13,029,608 shares at a price of 75.95 yuan per share, raising approximately 989.6 million yuan, with a net amount of 972 million yuan after deducting issuance costs [6][7].

Group 1 - The company expects a net loss of between 80 million to 120 million RMB for the current period, with a significant decrease in net profit attributable to shareholders by 120.64% to 130.96% compared to the same period last year [1] - The company's operating revenue is projected to be between 3.8 billion to 4.2 billion RMB, showing a year-on-year growth of 74.63% to 93.01% [1] - Basic earnings per share are expected to be a loss of 0.49 to 0.74 RMB per share, compared to a profit of 2.63 RMB per share in the same period last year [1] Group 2 - The improvement in supply-demand structure has driven overall price recovery, and the company has actively expanded its enterprise-level storage and embedded storage businesses, leading to a significant increase in operational scale [2] - The company anticipates a substantial increase in R&D expenses, with approximately 130 million RMB for the first half of 2025, up from 86.64 million RMB in the same period last year, marking a 50% increase [2] - The company has successfully upgraded its service model from a single product supply to an integrated service of "hardware + technology + supply chain," achieving rapid breakthroughs in enterprise-level and embedded storage sectors [2]

Core Viewpoint - The company expects significant revenue growth in the first half of 2025, but anticipates a shift from profit to loss in net income due to various market pressures and increased costs [1]. Group 1: Financial Performance - The company forecasts a revenue increase of 74.63% to 93.01% in the first half of 2025, with expected revenue between 38 billion to 42 billion RMB for the first half of this year [1]. - The projected net loss for the first half of 2025 is between 80 million to 120 million RMB, a stark contrast to a profit of 388 million RMB in the same period last year [1]. - In Q1 2025, the company reported a revenue increase of 54.41% year-on-year, but a net loss of 69.09 million RMB [3]. Group 2: Market Dynamics - The storage chip market is experiencing improved supply-demand dynamics, driven by adjustments in production capacity and increased demand from data centers, leading to a recovery in overall prices [1]. - Since Q2 of this year, the company has seen a significant revenue increase, with expected revenue between 25.48 billion to 29.48 billion RMB, representing over 86.67% year-on-year growth and over 103.51% quarter-on-quarter growth [2]. Group 3: Business Strategy and Development - The company has transitioned from a single product supplier to an integrated service provider, offering customized storage solutions that combine hardware, technology, and supply chain management [2]. - The company is focusing on expanding its enterprise-level storage and embedded storage businesses, with significant growth in these areas [2]. - The company plans to launch a full range of industrial-grade products this year, leveraging a combination of self-developed and third-party control solutions to capitalize on opportunities in edge intelligence brought by AI [2][3]. Group 4: R&D and Cost Management - The company is increasing its R&D investment, with R&D expenses expected to reach approximately 130 million RMB in the first half of 2025, a 50% increase year-on-year [1]. - The implementation of an equity incentive plan has resulted in share-based payment expenses of approximately 24.91 million RMB, an increase compared to the previous year [1].

[Overview of 2025 Half-Year Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a net loss for the first half of 2025, despite significant revenue growth, with specific financial indicators detailed [Performance Forecast Period](index=1&type=section&id=Performance%20Forecast%20Period) The company forecasts its half-year performance for 2025, covering January 1 to June 30, 2025 - The performance forecast period is from **January 1 to June 30, 2025**[3](index=3&type=chunk) [Key Financial Indicator Forecast](index=1&type=section&id=Key%20Financial%20Indicator%20Forecast) The company anticipates a net loss for the first half of 2025, with net profit attributable to shareholders expected to decrease significantly, while operating revenue is projected to grow substantially Key Financial Indicators for 2025 Half-Year Performance Forecast | Indicator | 2025 Half-Year Forecast | 2024 Same Period Actual | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | Loss: **CNY 80 million – CNY 120 million** | Profit: **CNY 387.65 million** | Decrease: **120.64%-130.96%** | | Net Profit Excluding Non-Recurring Gains and Losses | Loss: **CNY 84.5 million – CNY 124.5 million** | Profit: **CNY 369.98 million** | Decrease: **122.84%-133.65%** | | Operating Revenue | **CNY 3.8 billion – CNY 4.2 billion** | **CNY 2.176 billion** | Growth: **74.63%-93.01%** | | Basic Earnings Per Share (CNY/share) | Loss: **CNY 0.49/share - CNY 0.74/share** | Profit: **CNY 2.63/share** | - | Note: Basic earnings per share for the prior year have been restated based on the ex-dividend adjusted share capital [Analysis of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) Performance changes are attributed to improved market supply-demand, increased operational scale, higher costs and R&D investments, and the impact of non-recurring items and business model upgrades [Market Supply-Demand Improvement and Business Scale Expansion](index=1&type=section&id=Market%20Supply-Demand%20Improvement%20and%20Business%20Scale%20Expansion) Improved market supply-demand for storage chips, driven by capacity adjustments and data center demand, led to price recovery and significant expansion of the company's business scale - The storage chip market's supply-demand structure improved, leading to price recovery and a significant increase in the company's operational scale[5](index=5&type=chunk)[6](index=6&type=chunk) 2025 Q2 Operating Revenue Forecast | Indicator | 2025 Q2 Forecast | Year-on-Year Growth | Quarter-on-Quarter Growth | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | **CNY 2.548 billion to CNY 2.948 billion** | Over **86.67%** | Over **103.51%** | [Cost and Expense Growth with R&D Investment](index=2&type=section&id=Cost%20and%20Expense%20Growth%20with%20R%26D%20Investment) The company's performance pressure is due to industry cycles, market demand shifts, and cost pressures, exacerbated by a 50% increase in R&D expenses for strategic expansion and product development - Performance pressure is influenced by industry cyclical fluctuations, structural adjustments in market demand, and temporary cost pressures[6](index=6&type=chunk) 2025 Half-Year R&D Expenses | Indicator | 2025 Half-Year Forecast | 2024 Same Period Actual | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | R&D Expenses (CNY) | Approximately **CNY 130 million** | **CNY 86.64 million** | **50%** | [Impact of Non-Recurring Gains/Losses and Share-Based Payments](index=2&type=section&id=Impact%20of%20Non-Recurring%20Gains%2FLosses%20and%20Share-Based%20Payments) Non-recurring gains and losses are projected to significantly decrease to approximately CNY 4.5 million, while share-based payment expenses increased to around CNY 24.91 million due to equity incentive plans Comparison of Non-Recurring Gains/Losses and Share-Based Payment Expenses | Indicator | 2025 Half-Year Forecast | 2024 Same Period Actual | Change | | :--- | :--- | :--- | :--- | | Non-Recurring Gains/Losses (CNY) | Approximately **CNY 4.5 million** | **CNY 17.67 million** | Decrease | | Share-Based Payment Expenses (CNY) | Approximately **CNY 24.91 million** | **CNY 21.08 million** | Increase | [Business Model Upgrade and Profitability Optimization](index=2&type=section&id=Business%20Model%20Upgrade%20and%20Profitability%20Optimization) The company upgraded its business model from single product supply to integrated 'hardware+technology+supply chain' services, achieving breakthroughs in enterprise and embedded storage, and continuously improving profitability through product optimization and cost control - The company's business model upgraded from single product supply to an integrated 'hardware+technology+supply chain' service model[7](index=7&type=chunk) - Rapid breakthroughs were achieved in enterprise-grade storage and embedded storage, leading to significant growth in related business scale[7](index=7&type=chunk) - Profitability continues to improve through product structure optimization, strengthened supply chain management, and cost control[7](index=7&type=chunk) [Other Important Matters](index=1&type=section&id=Other%20Important%20Matters) This section addresses the preliminary nature of the financial data and provides a cautionary note to investors regarding investment risks [Communication with Accounting Firm](index=1&type=section&id=Communication%20with%20Accounting%20Firm) The financial data in this performance forecast are preliminary estimates by the company's finance department and have not been audited by an accounting firm - The performance forecast data is a preliminary estimate by the company's finance department and has not been audited by an accounting firm[4](index=4&type=chunk) [Risk Warning](index=2&type=section&id=Risk%20Warning) Investors are cautioned that this performance forecast is preliminary, and final financial data will be based on the company's 2025 half-year report, urging prudent investment decisions - This performance forecast is a preliminary estimate, and the final data will be subject to the half-year report[8](index=8&type=chunk) - Investors are advised to make prudent decisions and be aware of investment risks[8](index=8&type=chunk)