Core Viewpoint - The Tesla concept sector experienced a slight decline of 0.15% with a significant capital outflow of approximately 2.92 billion [1] Group 1: Stock Performance - A total of 84 stocks within the sector saw an increase, while 113 stocks experienced a decline [1] - The top-performing stocks included: - Gongzhi Tui (11.54%) - Kelu Electronics (10.02%) - Haosen Intelligent (7.49%) - Zhongke Sanhuan (5.22%) - Hezhuan Intelligent (5.02%) - Jinli Yongci (4.48%) - China Automotive Research (4.1%) - Jinjing Technology (3.23%) - Southern Precision (3.09%) - Nanbo A (2.49%) - *ST Weier (2.38%) - Nord Shares (2.03%) - Spring and Autumn Electronics (2.02%) - Baolong Technology (1.92%) - Hengdian East Magnet (1.74%) - Galaxy Magnet (1.71%) - Paislin (1.63%) - Shida Shenghua (1.61%) - Bowei Alloy (1.4%) - Delian Group (1.38%) [1] Group 2: Declining Stocks - The stocks with the largest declines included: - Rongtai Co. (-7.53%) - Yamaton (-5.0%) - Shenghong Technology (-4.96%) - Quanfeng Automotive (-4.64%) - Shuanglin Co. (-3.99%) - Xingyuan Zhuomei (-3.36%) - Jintuo Co. (-3.08%) - Keda Li (-3.01%) - Hailian Jinhui (-2.98%) - Huafeng Superfiber (-2.86%) - Chaojie Co. (-2.74%) - Jifeng Co. (-2.66%) - Ningbo Huaxiang (-2.64%) - Changsheng Bearing (-2.54%) - Saiwu Technology (-2.34%) - Fabon Information (-2.25%) - Chaoda Equipment (-2.07%) - Lingyun Co. (-2.06%) - Sikan Technology (-1.94%) - Changhua Group (-1.86%) [1]

Core Insights - The automotive fine chemicals industry is experiencing explosive growth driven by the expansion of the automotive sector, increasing environmental regulations, and the rapid adoption of electric vehicles. The market size for automotive fine chemicals in China was 46.255 billion yuan in 2023 and is expected to exceed 100 billion yuan by 2030 [1][17]. Industry Overview - Automotive fine chemicals are specialized chemical products used throughout the lifecycle of vehicles, including production, use, and recycling. They are crucial for various automotive systems, including lubrication, cleaning, protection, coatings, and adhesives [3][9]. - The main categories of automotive fine chemicals include lubricants, cleaning agents, protective products, coatings, and adhesives [4]. Market Dynamics - The demand for automotive fine chemicals has surged due to the increasing number of vehicles in China, which provides a stable market for maintenance-related chemicals. The automotive ownership in China is steadily rising, contributing to this demand [1][17]. - The global automotive fine chemicals market is projected to grow from 100 billion USD in 2023 to 180 billion USD by 2030, with a compound annual growth rate (CAGR) of 8.76% [14]. Policy Environment - Recent policies encourage the production of environmentally friendly products and the development of new materials in the fine chemicals sector. For instance, the "14th Five-Year Plan" aims to enhance the quality and efficiency of the petrochemical industry, promoting high-end fine chemicals [5][6]. Industry Chain - The automotive fine chemicals industry chain consists of upstream raw material suppliers, midstream manufacturers of fine chemicals, and downstream markets including vehicle manufacturing and maintenance services [7]. Key Companies - Notable companies in the automotive fine chemicals sector include Delian Group, Zhongsheng Gaoke, Longpan Technology, and others, which are involved in the production of various automotive chemicals such as coolants, lubricants, and cleaning agents [21][23][25]. Development Trends - The industry is shifting towards environmentally friendly products, with a focus on high-purity urea and water-based coatings. The demand for personalized and diversified products is also increasing, driven by consumer preferences [28][29]. - The trend towards smart and digital solutions in automotive fine chemicals is growing, with innovations aimed at enhancing product performance and user experience [30].

关于公司董事减持计划实施完成的公告 证券代码：002666 证券简称：德联集团 公告编号：2025-024 广东德联集团股份有限公司 关于公司董事减持计划实施完成的公告 董事郭荣娜、杨樾保证向本公司提供的信息内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 广东德联集团股份有限公司（以下简称"公司"）于2025年3月21日披露了 《关于公司董事计划减持的预披露公告》，董事郭荣娜、杨樾计划自减持计划 公告之日起的15个交易日后的三个月内（即2025年4月15日至2025年7月14日） 通过集中竞价交易的方式减持不超过168,000股（合计不超过剔除公司回购专用 账户中股份后总股本的0.0217%）。 截至本公告披露日，上述董事通过集中竞价交易方式累计减持公司股份 168,000股，占剔除公司回购专用账户中股份后总股本的0.0217%，减持计划提 前完成。现将其减持结果公告如下： 一、股东减持情况说明 1、股票来源：首次公开发行前股份及孳生股份 2、减持价格区间：4.81元/股-4.94元/股 | | | | | | 占剔除公司 | ...

Core Viewpoint - The share reduction plan by directors Guo Rongna and Yang Yue of Delian Group (002666) has been completed ahead of schedule, involving a total reduction of 168,000 shares, which represents 0.0217% of the total share capital after excluding shares in the repurchase account [1] Summary by Relevant Sections - **Share Reduction Details** - Guo Rongna reduced 108,000 shares through centralized bidding, while Yang Yue reduced 60,000 shares [1] - The reduction price range was between 4.81 yuan/share and 4.94 yuan/share [1] - **Compliance and Impact** - The share reduction complies with relevant laws and commitments [1] - The reduction will not affect the company's control or governance structure [1]

证券代码：002666 证券简称：德联集团 公告编号：2025-023 广东德联集团股份有限公司 2024年度股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 2024 年度股东会决议公告 特别提示： 1、本次股东会不涉及变更以往股东会已通过的决议； 2、本次股东会未出现否决提案的情形； 3、本次股东会采取现场投票结合网络投票的方式召开。 一、会议的召开情况 1、股东会会议届次：2024年度股东会 2、召集人：广东德联集团股份有限公司（以下简称"公司"）董事会。 3、会议召开日期和时间： 现场会议时间：2025年5月14日（周三）15:00。 网络投票日期和时间：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5月14日的交易时间，即上午9:15-9:25，9:30-11:30；下午 13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为：2025年 5月14日上午9:15-下午15:00期间的任意时间。 4、会议召开地点：佛山市南海区狮山镇松岗虹岭二路386号广东德联集团 股份有限公司三楼会议室。 5、召开方式： ...

2024年度股东会的 法律意见书 上海市锦天城（深圳）律师事务所 关于广东德联集团股份有限公司 法律意见书 邮编：518048 上海市锦天城（深圳）律师事务所 法律意见书 上海市锦天城（深圳）律师事务所 关于广东德联集团股份有限公司 上海市锦天城（深圳）律师事务所 地址：深圳市福田中心区福华三路卓越世纪中心 1 号楼 21、22、23 层 电话：86 755-82816698 传真：86 755-82816898 2024 年度股东会的 致：广东德联集团股份有限公司 上海市锦天城（深圳）律师事务所（以下简称"本所"）接受广东德联集团 股份有限公司（以下简称"公司"）的委托，指派本所魏苏川律师、李晓娜律师 出席了公司于 2025 年 5 月 14 日召开的公司 2024 年度股东会（以下简称"本次 股东会"），并根据《中华人民共和国证券法》（以下简称"《证券法》"）、 《中华人民共和国公司法》（以下简称"《公司法》"）以及中国证券监督管理 委员会关于《上市公司股东会规则》（中国证券监督管理委员会公告〔2025〕7 号）（以下简称"《股东会规则》"）、《深圳证券交易所股票上市规则（2025 年修订）》（以下简称" ...

关于公司控股股东部分股份解质押的公告 证券代码：002666 证券简称：德联集团 公告编号：2025-022 广东德联集团股份有限公司 关于公司控股股东部分股份解质押的公告 股东徐庆芳女士保证向本公司提供的信息内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 广东德联集团股份有限公司（以下简称"公司"）于近日接到公司控股股东、 实际控制人徐庆芳女士通知，获悉其在国泰海通证券股份有限公司办理了股票解 质押业务，具体事项如下： 一、股东股份质押的基本情况 | 股东名 | 是否为第一 | 解质押 | 是否为限售 | | | | 占其所 | 占公司 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 称 | 大股东及一 | 股数（万 | 股 | 质押开始日 | 解除日期 | 质权人 | 持股份 | 总股本 | | | 致行动人 | 股） | | | | | 比例 | 比例 | | 徐庆芳 | 是 | 437.50 | 否 | 2024 年 11 月 12 日 | 202 ...

证券代码：002666 证券简称：德联集团 广东德联集团股份有限公司 投资者关系活动记录表 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | 参与单位名称及人员姓 | 线上参与公司2024年度业绩说明会的全体投资者 | | 名 | | | 时间 | 2025年05月07日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | 董事长、总经理 徐团华 董事、副总经理 徐庆芳 | | 上市公司接待人员姓名 | 独立董事 李爱菊 | | | 财务总监 谭照强 | | | 副总经理、董事会秘书 陶张 | | | 1、新能源汽车产业在2024年持续高速发展，政策扶 | | | 持力度较大，这对于公司的汽车精细化学品业务是否有 | | 投资者关系活动 | 带来好的影响 | | 主要内容介绍 | 答：尊敬的投资者您好，新能源汽车产业的快速发展 | | | 和政策支持 ...

Revenue and Profit - The company achieved total operating revenue of 1.087 billion yuan in Q1 2025, representing a year-on-year increase of 11.03% [1] - The net profit attributable to the parent company reached 27.97 million yuan, up 26.75% year-on-year, while the non-recurring net profit decreased by 18.02% to 25.14 million yuan [1] Profitability - The company's gross margin improved to 14.92%, an increase of 0.88% year-on-year, and the net margin rose to 2.51%, reflecting a year-on-year increase of 13.27% [2] Cost Control - Total selling, administrative, and financial expenses amounted to 101 million yuan, accounting for 9.26% of revenue, which is a decrease of 5.44% year-on-year, indicating effective cost control [3] Cash Flow and Asset Status - Operating cash flow per share was 0.08 yuan, a significant decrease of 65.28% year-on-year, raising concerns about cash flow management [4] - Cash and cash equivalents increased to 880 million yuan, up 54.66% year-on-year, while accounts receivable rose to 785 million yuan, a year-on-year increase of 3.32%, with accounts receivable to profit ratio at 1142%, indicating potential bad debt risk [4] Capital Structure - Interest-bearing debt increased to 1.001 billion yuan, up 7.41% year-on-year, with a cash to current liabilities ratio of only 64.17%, suggesting short-term debt repayment pressure [5] Business Model and Capital Return - The company's performance relies heavily on R&D and marketing, with a return on invested capital (ROIC) of 2.06%, indicating weak capital returns, and a net margin of 1.33%, suggesting low added value of products or services [6] Dividends and Financing - Since its listing, the company has raised a total of 1.717 billion yuan and distributed dividends totaling 655 million yuan, resulting in a dividend financing ratio of 0.38 [7]

Financial Performance - The company's revenue for Q1 2025 reached ¥1,086,817,759.72, representing an increase of 11.03% compared to ¥978,861,113.06 in the same period last year[5] - Net profit attributable to shareholders was ¥27,969,678.01, up 26.75% from ¥22,067,444.45 year-on-year[5] - The net profit after deducting non-recurring gains and losses decreased by 18.02% to ¥25,137,534.76 from ¥30,662,140.07 in the previous year[5] - Total operating revenue for the current period reached ¥1,086,817,759.72, an increase of 11% compared to ¥978,861,113.06 in the previous period[18] - Net profit for the current period was ¥27,295,844.64, representing a 25.5% increase from ¥21,702,996.40 in the previous period[19] - The company reported a total comprehensive income of ¥21,777,397.99, compared to ¥19,880,183.65 in the previous period, indicating a growth of 9.5%[19] Cash Flow - The net cash flow from operating activities was ¥62,653,998.05, a significant decline of 63.73% compared to ¥172,743,241.14 in the same period last year[5] - Cash flow from operating activities generated a net amount of ¥62,653,998.05, a decrease of 63.8% from ¥172,743,241.14 in the previous period[20] - Net cash flow from investing activities was -$5,260,994.20, compared to -$92,870,712.00 in the previous period, indicating a significant improvement[21] - Total cash inflow from financing activities reached $1,054,024,741.69, up from $648,095,256.60 year-over-year[21] - Net cash flow from financing activities was $190,716,627.10, a turnaround from -$112,367,816.33 in the previous period[21] - The net increase in cash and cash equivalents was $242,591,184.30, contrasting with a decrease of -$34,318,099.95 in the prior year[21] - The ending balance of cash and cash equivalents stood at $705,540,912.71, compared to $405,317,872.38 at the end of the previous period[21] - Cash inflow from loans amounted to $754,997,483.06, compared to $539,937,880.68 in the previous period[21] - Cash outflow for debt repayment was $558,530,977.32, slightly down from $600,930,540.89 year-over-year[21] - Cash outflow related to financing activities totaled $863,308,114.59, compared to $760,463,072.93 in the previous period[21] - The impact of exchange rate changes on cash and cash equivalents was -$5,518,446.65, compared to -$1,822,812.76 in the previous period[21] Assets and Liabilities - Total assets increased by 5.04% to ¥5,285,828,815.83 from ¥5,032,297,540.12 at the end of the previous year[5] - Total assets increased to ¥5,285,828,815.83 from ¥5,032,297,540.12, reflecting a growth of about 5%[14] - Total liabilities increased to ¥1,733,818,000.65 from ¥1,502,340,736.65, indicating a growth of around 15.4%[14] - Short-term borrowings rose to ¥861,234,720.33 from ¥664,869,518.70, an increase of approximately 29.5%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,351[11] - The top three shareholders, Xu Tuanhua, Xu Qingfang, and Xu Xianda, collectively hold 51.07% of the shares[11] - The company issued 33,670,033 new ordinary shares in September 2024, which will be tradable after a 6-month lock-up period[12] - The company has a total of 12,881,900 shares held in a repurchase account, accounting for 1.63% of the total share capital[11] - The employee stock ownership plan allows for a 30% unlock of shares, totaling 852,270 shares, by February 2025[12] Research and Development - Research and development expenses decreased by 41.72% to ¥12,118,503.91 from ¥20,794,651.29 in the previous year[9] - Research and development expenses decreased to ¥12,118,503.91 from ¥20,794,651.29, a reduction of approximately 41.7%[18] Investment Income - Investment income surged by 923.81% to ¥3,618,763.21 from ¥353,460.62 in the same period last year[9] - The company recorded an investment income of ¥3,618,763.21, significantly higher than ¥353,460.62 in the previous period[18] Other Income - The company reported a significant increase in non-operating income, which rose to ¥80,208.94, down 67.17% from ¥244,330.76 in the previous year[9] - Other comprehensive income after tax was reported at -¥5,518,446.65, worsening from -¥1,822,812.75 in the previous period[19] Audit Information - The company did not undergo an audit for the first quarter report[22]