Investment Rating - The report maintains an "Overweight" rating for the silicon-based anode industry, highlighting the breakthrough in CVD technology and the increasing mainstream adoption of silicon-carbon anodes [1]. Core Insights - Silicon-based anodes are identified as the next-generation anode material for lithium batteries, addressing the performance limitations of traditional graphite anodes, which are nearing their performance limits [4][19]. - The demand for silicon-based anodes is expected to accelerate with the promotion of new battery technologies, particularly in the electric vehicle sector, where consumer expectations for range and fast charging are rising [4][30]. - The industrialization of silicon-based anodes is approaching a critical turning point, driven by advancements in CVD technology, which enhances performance metrics such as capacity and cycle life [4][44]. Summary by Sections 1. Silicon-based Anodes as a New Direction - Lithium battery anode materials are categorized into carbon-based and non-carbon-based materials, with silicon-based anodes emerging as a key focus due to their high theoretical capacity and fast charging capabilities [18][21]. - The theoretical capacity of silicon-based materials is significantly higher than that of traditional graphite, reaching up to 4200 mAh/g, which is over ten times that of graphite [22][25]. 2. New Battery Promotion Accelerating Demand - The application of silicon-based anodes is expanding into the power battery sector, with major automotive manufacturers like Tesla and BYD integrating these materials into new models [29][30]. - The compatibility of silicon-based anodes with solid-state batteries is highlighted, as they are expected to meet the high energy density requirements of next-generation batteries [32][33]. 3. Approaching Industrialization Turning Point - CVD technology is recognized as a breakthrough in the production of silicon-carbon anodes, effectively addressing issues such as volume expansion and enhancing overall stability [44][45]. - Over 30 companies are competing in the silicon-based anode market, with leading firms like BETTERRY and PULITECH making significant advancements in CVD technology [46][47]. 4. Beneficiaries in the Silicon-based Anode Supply Chain - The report outlines the key players in the silicon-based anode supply chain, emphasizing the importance of companies that can leverage CVD technology and lead in production capabilities [48].

Group 1 - The core viewpoint of the news is the performance and financial status of Daoshi Technology, which has seen a slight decline in stock price and has a significant market capitalization [1] - Daoshi Technology, established on September 21, 2007, and listed on December 3, 2014, specializes in the production and sale of building ceramic glaze materials, along with providing related technical services and product design [1] - The company's revenue composition includes 47.44% from other sources, 34.70% from lithium battery materials, 9.00% from carbon materials, and 8.85% from ceramic materials [1] Group 2 - Zhongyou Fund has a significant holding in Daoshi Technology, with its Absolute Return Strategy Fund holding 50,000 shares, unchanged from the previous period, representing 2.65% of the fund's net value [2] - The fund has a total scale of 47.85 million, with a year-to-date return of 10.68%, ranking 5790 out of 8159 in its category [2] - The fund manager, Yao Yi, has a tenure of 3 years and 94 days, with the best return during this period being 15.3% [3]

Group 1 - The company, Daos Technology, announced that it will hold its first extraordinary general meeting of shareholders on January 15, 2026 [1] - The agenda for the meeting includes a proposal to change the use of part of the raised funds [1]

国联民生证券承销保荐有限公司 关于广东道氏技术股份有限公司 变更部分募集资金用途的核查意见 国联民生证券承销保荐有限公司（以下简称"国联民生承销保荐"、"保荐 人"）作为广东道氏技术股份有限公司（以下简称"道氏技术"、"上市公司"、 "公司"）的保荐人，根据《证券发行上市保荐业务管理办法》《深圳证券交易 所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 13 号—— 保荐业务》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司 规范运作》等有关法律、法规和规范性文件的规定，对公司变更部分募集资金用 途事项进行了审慎核查，并发表如下核查意见： 一、变更募集资金投资项目的概述 截至2025年11月30日，公司向不特定对象发行可转换公司债券募集资金的 使用情况如下： 单位：万元 | 序号 | | 募集资金投资项目 | | | 募集资金余 | | --- | --- | --- | --- | --- | --- | | | | | 募集资金承 | 已使用募集 | 额（包含利 | | | | | 诺投资总额 | 资金金额 | 息收入及理 | | | | | | | 财收益） | | 1 | ...

证券代码：300409 证券简称：道氏技术 公告编号：2025-118 广东道氏技术股份有限公司 关于变更部分募集资金用途的公告 （二）募集资金投资项目情况 截至2025年11月30日，公司向不特定对象发行可转换公司债券募集资金的 使用情况如下： （单位：万元） | 序 | | 募集资金承 | 已使用募集 | 募集资金余额（ | | --- | --- | --- | --- | --- | | | 募集资金投资项目 | | | 包含利息收入及 | | 号 | | 诺投资总额 | 资金金额 | | | | | | | 理财收益） | 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。 广东道氏技术股份有限公司（以下简称"道氏技术"或"公司"）于2025年12 月30日召开了第六届董事会2025年第15次会议，审议通过了《关于变更部分募 集资金用途的议案》，同意公司结合政策和市场环境变化、整体经营布局调整 等实际情况，变更部分向不特定对象发行可转换公司债券募集资金用途。该议 案不涉及关联交易，尚需提交公司股东会审议。现将具体情况公告如下： 一、变更募集资金投资项目的 ...

Core Viewpoint - Daoshi Technology (300409.SZ) announced a strategic reallocation of funds from its ternary precursor project and recycling research institute project to a new copper smelting project in the Democratic Republic of Congo [1] Group 1: Financial Overview - As of November 30, 2025, the ternary precursor project has accumulated an investment of RMB 326.77 million, with an uninvested amount of RMB 1.13 billion, including interest income and investment returns [1] - The recycling research institute project has an uninvested amount of RMB 104.03 million, also including interest income and investment returns [1] Group 2: Strategic Fund Reallocation - The company plans to transfer RMB 1 billion from the uninvested funds of the ternary precursor project and RMB 104.03 million from the recycling research institute project to the "30kt cathode copper hydrometallurgy plant project" in the Democratic Republic of Congo [1]

证券代码：300409 证券简称：道氏技术 公告编号：2025-119 广东道氏技术股份有限公司 关于召开2026年第一次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 根据《中华人民共和国公司法》和《公司章程》的有关规定，经广东道氏 技术股份有限公司（以下简称"公司"）第六届董事会 2025 年第 15 次会议审议 通过，公司决定于 2026 年 1 月 15 日召开 2026 年第一次临时股东会，现将会 议有关事项通知如下： （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间 为 2026 年 01 月 15 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2026 年 01 月 15 日 9:15 至 15:00 的任意 时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2026 年 01 月 09 日 7、出席对象： （1）截至 2026 年 1 月 9 日下午深圳证券交易所收市时，在中国证券登记 结算有限公司深圳分公司 ...

证券代码：300409 证券简称：道氏技术 公告编号：2025-117 广东道氏技术股份有限公司 第六届董事会 2025 年第 15 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、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 广东道氏技术股份有限公司（以下简称"公司"）第六届董事会 2025 年第 15 次会议的通知于 2025 年 12 月 29 日以电子邮件、电话的方式向全体董事发出， 全体董事一致同意豁免通知期限，会议于 2025 年 12 月 30 日在子公司佛山市道 氏科技有限公司会议室以现场及通讯表决相结合的方式召开。本次会议应出席董 事 8 人，实际出席董事 8 人，董事聂祖荣先生、张翼先生、王海晴先生及独立董 事谢志鹏先生、秦伟先生、郜树智先生、彭晓洁女士以通讯方式参加会议并表决。 本次会议由董事长荣继华先生主持，公司董事会秘书潘昀希女士列席了本次会议。 本次会议的召开及表决符合《中华人民共和国公司法》及《公司章程》等的有关 规定，会议合法有效。 根据公司长期战略规划和现阶段发展需求，为进一步提高募集资金使用效率， 经谨慎研究和论证分析，公司拟将年 ...

Core Viewpoint - Dao Shi Technology's stock price decreased by 1.1% to 22.46 CNY per share, with a total market capitalization of 17.569 billion CNY as of the report date [1] Group 1: Company Overview - Dao Shi Technology Co., Ltd. is located in Nanzhuang Town, Foshan City, Guangdong Province, and was established on September 21, 2007, with its listing date on December 3, 2014 [1] - The company specializes in the production and sales of building ceramic glaze materials, providing related technical services and product design, commercial factoring, and new energy materials [1] - The revenue composition of the main business includes: Other 47.44%, Lithium battery materials 34.70%, Carbon materials 9.00%, and Ceramic materials 8.85% [1] Group 2: Shareholder Information - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Dao Shi Technology, having reduced its holdings by 66,400 shares in the third quarter, now holding 7.1545 million shares, which is 1.04% of the circulating shares [2] - The estimated floating loss for the ETF today is approximately 1.7886 million CNY [2] Group 3: Fund Performance - The Southern CSI 1000 ETF (512100) has a total asset size of 76.63 billion CNY, with a year-to-date return of 29.2%, ranking 1850 out of 4195 in its category [2] - The fund has a one-year return of 24.73%, ranking 2053 out of 4179, and a since inception return of 14.34% [2] Group 4: Additional Fund Holdings - The Southern Entrepreneurial Board Mid-Cap 200 ETF (159270) also holds Dao Shi Technology as a significant position, with 19,900 shares, accounting for 1% of the fund's net value [4] - The estimated floating loss for this ETF today is approximately 4,975 CNY [4] Group 5: Fund Manager Information - The Southern Entrepreneurial Board Mid-Cap 200 ETF (159270) is managed by He Dianhong and Zhao Zhuoxiong, both having a tenure of 1 year and 61 days [5] - The total asset size of the fund is 27.6 million CNY, with the best return during their tenure being 49.67% and the worst return being 5.09% [5]

证券日报网讯 12月25日，道氏技术（300409）在互动平台回答投资者提问时表示，公司的碳纳米管材 料目前聚焦于新能源电池材料、电子皮肤、电子肌肉等需求领域。 ...