证券代码：300409 证券简称：道氏技术 公告编号：2025-091 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 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8月 18日召开了第六届董事会2025年第12次会议和第六届监事会2025年第9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概述 （一）募集资金基本情况 经中国证券监督管理委员会《关于同意广东道氏技术股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2023〕224号）同意， 公司于 2023 年 4 月 7 日向不特定对象发行可转债26,000,000张，募集资金总额 为 人 民 币 2,600,000,000 元 ， 扣 除 发 行 费 用 后 募 集 资 金 净 额 为 ...

1.股东大会届次：2025 年第三次临时股东大会 2.会议召集人：公司第六届董事会 3.会议召开的合法、合规性：公司第六届董事会 2025 年第 12 次会议审议通 过《关于提请召开 2025 年第三次临时股东大会的议案》，本次股东大会的召开符 合有关法律法规和《公司章程》的规定。 4.会议召开日期与时间： 证券代码：300409 证券简称：道氏技术 公告编号：2025-092 广东道氏技术股份有限公司 关于召开2025年第三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、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 12 次会议审议通过， 公司决定于 2025 年 9 月 3 日召开 2025 年第三次临时股东大会，现将会议有关事 项通知如下： 一、 本次股东大会召开的基本情况 （1）现场会议召开时间：2025 年 9 月 3 日（星期三） 14:00 （2）网络投票时间：2025 年 9 月 3 日（星期三） 通过深圳证券交易所交易系统进行网络投票的 ...

证券代码：300409 证券简称：道氏技术 公告编号：2025-090 广东道氏技术股份有限公司 第六届监事会2025年第9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、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 广东道氏技术股份有限公司（以下简称"公司"）第六届监事会 2025 年第 9 次会议的通知于 2025 年 8 月 16 日以电子邮件、电话的方式向全体监事发出，全 体监事一致同意豁免通知期限，本次会议于 2025 年 8 月 18 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。本次会议应参与表 决的监事 3 人，实际参与表决的监事 3 人，监事余祖灯先生和徐伟红女士以通讯 方式参加会议并表决。本次会议由余祖灯先生主持，公司董事会秘书潘昀希女士 列席会议。本次监事会会议的召开及表决符合《公司法》及《公司章程》等的有 关规定，会议合法有效。 二、监事会会议审议情况 参会监事经认真审议，依照《公司章程》及相关法律法规通过以下决议： （一）审议通过《关于变更部分募集资金用途的议案》 经监事会全体监事审议后认为：公司本次变更部分募集 ...

Investment Rating - The report maintains a rating of "Accumulate" for the company [4] Core Views - The company is expected to achieve revenue growth from 2025 to 2027, with projected revenues of 9.718 billion, 11.500 billion, and 13.303 billion respectively, reflecting growth rates of 25.4%, 18.3%, and 15.7% [3][8] - The net profit attributable to shareholders is projected to increase significantly, with estimates of 458 million, 708 million, and 910 million for the same period, indicating growth rates of 192.0%, 54.5%, and 28.7% [3][8] - The company is focusing on new technologies and strategic resources, which are expected to enhance profitability and operational efficiency [3][8] Financial Summary - For 2023, the company reported a revenue of 7.296 billion with a year-on-year growth of 6.3% [9] - The net profit for 2023 was -28 million, with a significant recovery expected in subsequent years [9] - The company’s return on equity (ROE) is projected to improve from -0.4% in 2023 to 10.5% by 2027 [9] - The earnings per share (EPS) is expected to rise from -0.04 in 2023 to 1.16 by 2027 [9] Business Segments - The lithium battery materials segment contributed 12.68 billion in revenue, down 43.37% year-on-year, primarily due to slower delivery schedules from major clients [2] - The carbon materials segment showed stability with a revenue contribution of 3.29 billion, down slightly by 1.68% year-on-year, but with an improved gross margin of 18.49% [2] - Strategic resources are expected to support profit growth, with new capacity and technological upgrades leading to a revenue contribution of 17.34 billion, up 53.67% year-on-year [2]

Market Overview - The battery sector increased by 1.27% compared to the previous trading day, with Yuanhang Precision leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Top Gainers in Battery Sector - Yuanhang Precision (833914) closed at 42.32, up 11.93% with a trading volume of 88,400 shares and a transaction value of 344 million [1] - Chongjian Electronics (301121) closed at 50.27, up 11.81% with a trading volume of 143,300 shares and a transaction value of 692 million [1] - Xiamen Tungsten New Energy (688778) closed at 56.95, up 10.73% with a trading volume of 135,700 shares and a transaction value of 753 million [1] - Daoshi Technology (300409) closed at 20.87, up 10.66% with a trading volume of 1,169,200 shares and a transaction value of 2.342 billion [1] - Nord Shares (600110) closed at 7.70, up 10.00% with a trading volume of 1,072,000 shares and a transaction value of 819 million [1] Market Capital Flow - The battery sector experienced a net outflow of 1.176 billion from institutional investors, while retail investors saw a net inflow of 1.203 billion [2][3] - The top stocks with significant net inflows from retail investors include Ningde Times (300750) with a net inflow of 1.98 billion [3] - Notable outflows from retail investors were observed in Yongtao Shares (002733) with a net outflow of 923.478 million [3] Summary of Stock Performance - The overall performance of the battery sector shows a mix of gains and losses among individual stocks, with significant volatility in trading volumes and transaction values [1][2][3] - The data indicates a strong interest from retail investors, contrasting with the outflows from institutional investors, suggesting a potential shift in market dynamics [2][3]

Core Viewpoint - The article highlights the recent adjustments made by well-known private equity fund managers in response to the disclosure of half-year reports by listed companies, indicating significant investment movements in the A-share market [1] Group 1: Investment Movements - A total of 12 private equity funds with over 10 billion yuan in assets have appeared among the top ten circulating shareholders of 18 A-share listed companies, with a combined holding value exceeding 18 billion yuan [1] - Gao Yi Asset's fund manager Feng Liu has increased his stake in Angel Yeast (600298), with the holding value rising to 1.23 billion yuan by the end of June [1] - Feng Liu has also slightly reduced his holdings in Hikvision (002415) and Dongcheng Pharmaceutical (002675) [1] Group 2: New Entrants - Ruijun Asset has newly entered the top ten circulating shareholders of Daozhi Technology (300409) [1] - Yinye Investment has also newly entered the top ten circulating shareholders of Haooubo [1] - Emerging institution Lexi Private Equity has invested over 500 million yuan to become the fifth largest circulating shareholder of Ninebot [1]

Core Insights - The company, Dao's Technology, reported a revenue of 3.654 billion yuan for the first half of 2025, representing a year-on-year decline of 11.64% [1] - The net profit for the same period was 230 million yuan, showing a significant year-on-year increase of 108.16% [1] - The basic earnings per share (EPS) stood at 0.3192 yuan, with a weighted average return on equity (ROE) of 3.11% [1]

Core Viewpoint - The company has decided to reassess and postpone the implementation of its "annual production of 100,000 tons of ternary precursor project" and "Daoshi New Energy Recycling Research Institute project" due to significant changes in the market environment and increased investment risks [1][3][4]. Group 1: Project Details - The ternary precursor project aims to utilize raised funds of 1.706 billion yuan, with an investment progress of 18.67% as of June 30, 2025 [2]. - The recycling research institute project plans to use raised funds of 99.2004 million yuan, but no funds have been invested as of June 30, 2025 [2]. Group 2: Market Environment - The domestic electric vehicle market is experiencing a slowdown, while the overseas market is hindered by political factors, leading to underperformance [3]. - The rise of lithium iron phosphate materials is capturing the mid-to-low-end market of electric vehicles, exerting pressure on the ternary cathode material market, which in turn affects the upstream ternary precursor industry [3]. Group 3: Company Strategy - The company aims to enhance its supply capacity of high-performance ternary precursors to improve market competitiveness, responding to national development strategies [3]. - Given the current production capacity meets existing order demands, the company has opted for a cautious investment approach, deciding that now is not the optimal time to continue investing in additional capacity [4].

Core Viewpoint - The article highlights the rapid advancements and developments in the solid-state battery sector by various listed companies, indicating a strong push towards commercialization and increased energy density in battery technology [2][3][4][5]. Group 1: Company Developments - Penghui Energy has improved the energy density of its solid-state batteries from 280Wh/kg to 320Wh/kg and is on track to complete its pilot production line by September 2025, targeting applications in electric vehicles and consumer electronics [2]. - Guoxuan High-Tech has achieved a 90% yield rate for its solid-state battery pilot line and is designing a 2GWh production line, with energy density reaching 350Wh/kg and a range of 1000 kilometers on a single charge [2]. - Del Technology has established a sample production line in Shanghai and aims to develop a third-generation solid-state battery with an energy density exceeding 400Wh/kg [3]. - Enjie Co. is focusing on high-purity lithium sulfide and solid electrolyte materials, with pilot lines established but no significant revenue generated yet [4]. - Taihe Technology is in the pilot stage for several solid-state battery projects, including lithium sulfide and solid electrolytes [4]. - Daoshih Technology has formed a strategic partnership with Zhuhai Guanyu to collaborate on lithium-ion and solid-state battery materials, enhancing production capabilities [4]. Group 2: Industry Trends and Market Outlook - The solid-state battery industry is expected to see significant advancements, with pilot lines launching in 2025-2026 and small-scale production by 2027, followed by broader applications in high-value sectors by 2030 [5]. - The market for solid-state batteries is projected to grow from approximately 7GWh in 2024 to over 65GWh by 2030, driven by the conclusion of key projects and increasing demand [5]. - The shift towards sulfide-based solid electrolytes is noted as a major trend in material development for solid-state batteries, moving away from earlier diverse approaches [5].

Core Viewpoint - The company has decided to suspend the implementation of its ternary precursor project and the research institute project due to significant changes in the market environment, including a slowdown in the domestic electric vehicle market and increased competition from lithium iron phosphate materials [1][4]. Group 1: Project and Market Changes - The ternary precursor project, with an investment of 1.706 billion yuan, has only progressed 18.67% as of June 30, 2025 [1]. - The domestic electric vehicle market is experiencing a slowdown, while overseas market growth is hindered by political factors [1]. - Lithium iron phosphate materials are gaining market share in the mid-to-low-end segment due to their cost and safety advantages, putting pressure on the ternary materials market [1][4]. Group 2: Financial Performance - In the first half of 2025, the company reported revenue of 3.654 billion yuan, a decrease of 11.64% year-on-year, while net profit attributable to shareholders increased by 108.16% to 230 million yuan [2]. - The increase in profit is attributed to strict cost control, with total expenses for the first half of 2025 amounting to 386 million yuan, a reduction of 46.1 million yuan compared to the previous year [2]. Group 3: R&D Investment Trends - R&D expenses for the company decreased significantly by 41.39% year-on-year in the first half of 2025, with a reduction of 19 million yuan in the first quarter alone [2]. - The company's R&D spending in 2024 was 239 million yuan, down 16.7%, with an R&D intensity of only 3.1%, significantly below the industry average of 5%-8% [2]. - The decline in R&D investment is concerning as the company is undergoing a critical technology transformation towards solid-state battery materials [2]. Group 4: Shareholder Actions - The actual controller of the company, Rong Jihua, plans to reduce his holdings by up to 15.4166 million shares, representing 1.97% of the total share capital [3]. - This reduction comes at a time when the company's stock price has increased by approximately 20% since the beginning of 2025, raising investor concerns about the controller's confidence in the company's short-term prospects [3].