Core Insights - DaoTech announced that its investee company, Chipenson, is progressing as planned with the development of its second-generation APU products, expected to enter the tape-out phase by the end of this year or early next year [3] - The APU products from Chipenson demonstrate a computational speed improvement of 1-3 orders of magnitude and a power consumption reduction of 2-3 orders of magnitude compared to traditional CPU/GPU systems, with no direct competitors in the non-Von Neumann architecture domain for atomic scientific computing acceleration [3] - The HeXi Atomic Computing Center, a joint venture between DaoTech and Chipenson, aims to be the world's first large-scale computing center focused on atomic-level scientific calculations, with a registered capital of 50 million yuan, where DaoTech holds an 80% stake [4] Company Developments - DaoTech is actively involved in the preliminary government approval, engineering design, equipment selection, and infrastructure setup for the HeXi Atomic Computing Center, with plans to establish 200 units by the end of this year and a total of 1,000 units in the future [3][4] - The center is positioned to support enterprises in their digital transformation by providing robust computing power, leveraging DaoTech's material research data and industry experience alongside Chipenson's APU chip and server technology [4]

Core Viewpoint - The release of the "Power Equipment Industry Stabilization Growth Work Plan (2025-2026)" by three government departments is a significant positive development for the industry, aiming to ensure steady growth and quality improvement in the power equipment sector [1][7]. Summary by Sections Overall Requirements - The plan emphasizes the need to adhere to the new development philosophy, promote high-quality development, and support the green and low-carbon transition in the energy sector [8]. Main Goals - The primary objectives for 2025-2026 include maintaining an average revenue growth rate of around 6% for traditional power equipment, ensuring stable revenue growth for new energy equipment, and achieving a 10% average revenue growth rate for leading enterprises [5][9]. Work Measures - **Improving Equipment Supply Quality**: Focus on enhancing the supply level of power equipment through technological breakthroughs and innovation in key components [10]. - **Expanding Domestic Effective Demand**: Leverage major energy projects to stabilize demand for power equipment and promote the development of wind and solar energy projects [10]. - **International Market Expansion**: Strengthen cooperation with emerging market countries in the wind, solar, and energy storage sectors, encouraging enterprises to explore overseas markets [11]. - **Accelerating Equipment Promotion and Application**: Implement policies to support the promotion of innovative products in the power equipment sector [12]. - **Optimizing Industry Development Environment**: Foster a competitive environment and establish industry standards to enhance quality and service [12]. - **Strengthening Standard Support**: Improve the standard system in the power equipment sector to drive quality enhancement and equipment updates [13]. - **Promoting Green and Intelligent Transformation**: Integrate new information technologies with power equipment to enhance efficiency and sustainability [13]. - **Enhancing Industry Chain Collaboration**: Support advanced manufacturing clusters in the power equipment sector to stabilize industry growth [14]. Guarantee Measures - **Strengthening Organizational Support**: Encourage collaboration between departments and local governments to stabilize growth in the power equipment industry [15]. - **Enhancing Monitoring and Analysis**: Establish mechanisms for monitoring industry data and addressing growth challenges [15]. - **Reinforcing Financial and Tax Support**: Implement tax incentives and financial services to support the high-quality development of the power equipment sector [16].

Group 1: Company Overview and Strategic Direction - The company focuses on new materials, emphasizing innovation in materials, processes, and products, transitioning from a single ceramic material business to a diversified structure of "carbon materials + lithium battery materials + ceramic materials + strategic resources" [2][3] - 2025 marks a significant turning point in the company's development, initiating a new growth phase [2] Group 2: Business Performance and Financials - In the first half of 2025, the company achieved a net profit of 230 million CNY, a substantial increase of 108.16% year-on-year, reflecting the effectiveness of integration and business collaboration [3] - The lithium battery segment has successfully alleviated high inventory pressure and returned to a positive growth trajectory [3] Group 3: Resource Expansion and Production Capacity - The company's copper-cobalt strategic resource segment is becoming a key pillar of its competitiveness, with cathode copper production capacity in the Democratic Republic of Congo reaching 65,000 tons/year, expected to increase to 70,000-75,000 tons/year by the end of 2025 [3] - New projects for producing 30,000 tons of cathode copper and 2,710 tons of cobalt are underway, with plans for completion by the end of 2026 [3] Group 4: Technological Advancements - The company is advancing the industrialization of solid-state battery materials, focusing on a comprehensive range of key materials including single-walled carbon nanotubes and high-nickel ternary precursors [4][5] - The company aims to become a leading provider of solid-state battery materials solutions [5] Group 5: AI and R&D Integration - The core strategy is "AI + Materials," leveraging AI-driven research and development to enhance business operations [5][20] - The company has invested in AI chip development and established a computing power support system through partnerships, enhancing its capabilities in material innovation [5][20] Group 6: Market Applications and Customer Engagement - The company has successfully supplied single-walled carbon nanotubes to multiple battery cell customers, achieving performance parity with imported products [6][7] - The silicon-carbon anode product line is expanding, with plans to complete an annual production capacity of 300 tons by the end of the year and a potential increase to 5,000 tons based on market demand [8][9] Group 7: Future Prospects and Market Potential - The AI4S market is projected to grow significantly, with a potential market size of 59.5 billion USD if the penetration rate reaches 10% in related industries [22] - The company anticipates that the demand for computing power infrastructure will surge as AI technology continues to penetrate various sectors [22]

Group 1 - The core viewpoint of the news is the performance and financial metrics of Daoshi Technology, which saw a stock price increase of 5.02% to 26.78 CNY per share, with a trading volume of 1.692 billion CNY and a turnover rate of 9.53%, resulting in a total market capitalization of 20.949 billion CNY [1] - Daoshi Technology, established on September 21, 2007, and listed on December 3, 2014, is primarily engaged in the production and sales of building ceramic glaze materials, along with providing related technical services and product design, commercial factoring, and new energy materials [1] - The revenue composition of Daoshi Technology includes: Other 47.44%, Lithium battery materials 34.70%, Carbon materials 9.00%, and Ceramic materials 8.85% [1] Group 2 - From the perspective of fund holdings, Daoshi Technology is a significant investment for the Zhonghai Fund, with the Zhonghai Energy Strategy Mixed Fund (398021) holding 1.1876 million shares, representing 2.6% of the fund's net value, ranking as the tenth largest holding [2] - The Zhonghai Energy Strategy Mixed Fund (398021) has a total scale of 777 million CNY and has achieved a year-to-date return of 30.73%, ranking 2110 out of 8175 in its category, with a one-year return of 28.63%, ranking 5103 out of 7982 [2]

Industry News - The 2025 China International Service Trade Fair opened in Beijing, focusing on digitalization, intelligence, and green trends in service trade, showcasing innovations in AI, healthcare, smart logistics, and cultural integration [2] - The Ministry of Industry and Information Technology emphasized the need to accelerate the digital and green transformation, expanding typical applications of "AI+" and promoting the large-scale application of new technologies and products [4] - South Korea plans to establish a 150 trillion KRW (approximately 108 billion USD) public-private partnership fund to invest in high-tech industries such as AI, chips, and robotics, increasing the initial planned scale from 100 trillion KRW [6] - Canada is reviewing the current tariff rates on electric vehicles imported from China, considering easing tariffs due to pressure from the domestic canola industry [7] - Volkswagen announced plans to invest up to 1 billion EUR in AI technology applications by 2030, expecting to generate up to 4 billion EUR in efficiency and cost optimization benefits by 2035 [8] Company News - Dao's Technology signed an investment agreement for a project to produce 1,000 tons of silicon-carbon anode materials annually, which will enhance its solid-state battery materials industry layout and expand its business scale [10] - Seres Automotive applied for trademarks "Wenjie Home" and "Wenjie Car Home," indicating potential expansion in product offerings [11] - Zotye Auto announced it is unable to resume production of its first model T300 this year due to the forced dismantling of its production line, facing uncertainty in its ongoing operational capabilities [12] - Xiaomi Automotive appointed Fan Jialin as the Deputy General Manager of the Sales Operations Department, aiming to enhance the integration of its "human-vehicle-home" ecosystem [13] - Faraday Future announced it has successfully completed all compliance items during its one-year monitoring period by NASDAQ, restoring its normal listing status [14] - Weichai Power is currently developing a 60Ah sulfide all-solid-state battery and low-cost sulfide solid-state electrolyte materials, with plans to establish a trial production line [15]

Market Overview - The Shanghai Composite Index rose by 0.13% on September 10, with 13 industries experiencing gains, led by the communication and electronics sectors, which increased by 3.49% and 1.78% respectively [1] - The power equipment industry had the largest decline, falling by 1.18% [1] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 5.62 billion yuan, with 9 industries seeing net inflows [1] - The communication industry had the highest net inflow of funds, totaling 9.07 billion yuan, while the electronics sector followed with a net inflow of 7.51 billion yuan [1] - The power equipment industry led the net outflow, with a total of 10.10 billion yuan, followed by the non-ferrous metals industry with a net outflow of 3.78 billion yuan [1] Power Equipment Industry Performance - Within the power equipment sector, there are 362 stocks, with 94 stocks rising and 263 stocks declining [2] - The top three stocks with the highest net inflow in the power equipment industry were: - XianDao Intelligent (6.93 billion yuan) - Enjie Co., Ltd. (3.76 billion yuan) - DaoShi Technology (3.10 billion yuan) [2] - The stocks with the largest net outflow included: - Ningde Times (-9.27 billion yuan) - Tongwei Co., Ltd. (-6.00 billion yuan) - Wolong Electric Drive (-5.56 billion yuan) [2][3] Power Equipment Industry Stock Performance - The top gainers in the power equipment sector included: - XianDao Intelligent: +4.55% - Enjie Co., Ltd.: +10.00% - DaoShi Technology: +6.87% [2] - The top decliners in the sector included: - Ningde Times: -1.24% - Tongwei Co., Ltd.: -6.00% - Wolong Electric Drive: -2.10% [3]

Market Performance - As of September 10, the sodium-ion battery concept index fell by 1.11%, ranking among the top declines in concept sectors, with leading companies like Lingpai Technology, Wenkang New Energy, and Weike Technology experiencing significant drops [1] - In contrast, 30 stocks within the sector saw price increases, with Lichong Group, Yunnan Energy Investment, and Daoshi Technology leading the gains at 10.80%, 10.00%, and 6.87% respectively [1] Capital Flow - The sodium-ion battery sector experienced a net outflow of 4.784 billion yuan, with 93 stocks seeing net outflows, and 15 stocks exceeding 100 million yuan in outflows [1] - CATL led the outflows with a net withdrawal of 927 million yuan, followed by Yiwei Lithium Energy, Guoxuan High-Tech, and Tianji Shares with outflows of 547 million yuan, 518 million yuan, and 480 million yuan respectively [1] Notable Stocks - The top stocks with significant net inflows included Xian Dao Intelligent, Daoshi Technology, and Nandu Power, with inflows of 693 million yuan, 310 million yuan, and 206 million yuan respectively [1] - The sodium-ion battery concept outflow leaderboard featured CATL, Yiwei Lithium Energy, and Guoxuan High-Tech, with respective declines of 1.24%, 2.88%, and 1.50% [2]

Core Insights - The company, Dao's Technology, has signed an investment agreement with the local government of Enping for a project to produce 1,000 tons of silicon-carbon anode materials annually, with an initial investment of 150 million yuan [3]. Group 1 - The project has received strong support and recognition from the local government, which will help the company enhance its industrial layout in solid-state battery materials and expand its business scale [3]. - Dao's Technology has made significant progress in the industrialization of silicon-carbon anodes, having collaborated with over 30 clients across consumer, digital, and power battery sectors, with some clients already achieving bulk shipments [3]. - The demand from downstream partners is rapidly increasing, and the company plans to expand the annual production capacity of the 1,000-ton project to 5,000 tons based on market demand [3]. Group 2 - Additionally, the company is constructing another production line with a capacity of 300 tons per year, which is expected to be operational by the end of 2025 to meet the growing demand [3].

硅碳负极材料项目是道氏技术一项重要的前瞻布局。今日(9月10日)，该项目正式迈向了产业化新征 程，道氏技术年产1000吨硅碳负极项目已和恩平当地政府部门签订项目投资协议，正积极推进项目落 地。项目的落地将有助于公司完善在固态电池材料方面的产业布局和扩大业务规模，为提升持续盈利能 力、强化综合实力奠定坚实的基础。 (原标题：道氏技术（300409）：年产1000顿硅碳负极项目与恩平政府签订投资协议) 据悉，道氏技术已与众多企业陆续开展评测和送样合作，至今累计向涵盖消费、数码和动力电池等领域 的30余家客户送样，其中部分客户已实现批量出货。 道氏技术表示，本次年产1000吨项目后续根据市场需求动态，可进一步扩大至年产5000吨。为及时有效 满足需求，道氏硅碳负极项目另有300吨年产能正在建设中，将于2025年年底率先落地。(文穗) ...

资料显示，广东道氏技术股份有限公司位于广东省佛山市禅城区南庄镇怡水三路1号1座，成立日期2007 年9月21日，上市日期2014年12月3日，公司主营业务涉及生产和销售建筑陶瓷的釉面材料,并提供相关 的技术服务和产品设计;商业保理业务;新能源材料。主营业务收入构成为：其他47.44%，锂电材料 34.70%，碳材料9.00%，陶瓷材料8.85%。 截至6月30日，道氏技术股东户数7.41万，较上期减少0.52%；人均流通股9273股，较上期增加3.51%。 2025年1月-6月，道氏技术实现营业收入36.54亿元，同比减少11.64%；归母净利润2.30亿元，同比增长 108.16%。 9月8日，道氏技术（维权）跌0.12%，成交额36.17亿元。两融数据显示，当日道氏技术获融资买入额 5.86亿元，融资偿还3.31亿元，融资净买入2.56亿元。截至9月8日，道氏技术融资融券余额合计16.86亿 元。 融资方面，道氏技术当日融资买入5.86亿元。当前融资余额16.80亿元，占流通市值的8.84%，融资余额 超过近一年90%分位水平，处于高位。 融券方面，道氏技术9月8日融券偿还200.00股，融券卖出2000 ...