Core Viewpoint - The metal cobalt sector has shown a positive performance, with a 2.45% increase, ranking seventh among concept sectors, driven by significant gains in several stocks [1][2]. Group 1: Sector Performance - The metal cobalt concept saw a 2.45% increase, with 32 stocks rising, including notable gains from Zhongse Co. and Huahong Technology, which hit the daily limit [1][2]. - The top gainers in the sector included Huaxin Environmental (up 8.51%), Dadi Bear (up 8.36%), and Xingye Yinxin (up 5.23%) [1][2]. - Conversely, the stocks with the largest declines included Daoshi Technology (down 0.81%), Rongbai Technology (down 0.68%), and Ganfeng Lithium (down 0.46%) [1][2]. Group 2: Capital Flow - The metal cobalt sector experienced a net inflow of 334 million yuan, with 24 stocks receiving net inflows, and six stocks exceeding 50 million yuan in net inflow [2][3]. - Zhongse Co. led the net inflow with 211 million yuan, followed by Huahong Technology (109 million yuan), and Green Beauty (99.32 million yuan) [2][3]. - The top three stocks by net inflow ratio were Zhongse Co. (26.70%), Huahong Technology (21.33%), and Guocheng Mining (12.90%) [3][4]. Group 3: Stock Performance - Zhongse Co. recorded a daily increase of 10.06% with a turnover rate of 7.30% and a net capital flow of 211.41 million yuan [3][4]. - Huahong Technology also saw a significant increase of 10.00% with a turnover rate of 9.99% and a net capital flow of 108.91 million yuan [3][4]. - Other notable performers included Green Beauty (up 2.22%), Xiamen Tungsten (up 4.43%), and Huayou Cobalt (up 0.58%) [3][4].

Core Viewpoint - Daoshi Technology is making a significant overseas investment of approximately 1.183 billion yuan to establish a copper wet smelting plant in the Democratic Republic of the Congo, aimed at expanding production capacity and securing resource supply [1][2][3]. Investment and Expansion - The company plans to invest in a project that will produce 30,000 tons of cathode copper and 2,710 tons of cobalt intermediates, with a project cycle of 18 months [2][3]. - This investment is part of Daoshi Technology's long-term strategic layout in the Congo, a region rich in copper and cobalt resources, which will enhance the stability and security of raw material supply [2][3]. Production Capacity and Growth - Daoshi Technology's cathode copper production is projected to reach 40,900 tons in 2024, representing a year-on-year increase of approximately 32%, marking a historical high [1][3]. - The company is also expected to produce 1,743 tons of cobalt intermediates in 2024, with a year-on-year growth of about 227% [3]. Financial Performance - In 2024, Daoshi Technology reported a revenue of 7.752 billion yuan, a year-on-year increase of 6.25%, and a net profit of 157 million yuan, up 662.33%, ending two consecutive years of profit decline [5]. - The company has seen a significant increase in overseas market revenue, which grew 3.82 times over the past three years, with the revenue share rising from 16.13% to 65.8% [6]. Research and Development - Daoshi Technology has invested over 1.228 billion yuan in R&D from 2020 to 2024, resulting in accelerated technology transformation [6]. - As of the end of 2024, the company holds 64 patents in carbon materials, 222 in lithium battery materials, and 104 in ceramic materials [6].

Investment Rating - The report maintains an "Outperform" rating for the electric equipment and new energy industry [1]. Core Insights - The photovoltaic supply-side reform is ongoing, with a focus on improving product quality and eliminating low-price competition [1][2]. - In June, the wholesale sales of new energy passenger vehicles in China reached 1.26 million units, a year-on-year increase of 29% [1][2]. - The demand for batteries and materials is expected to grow as new models of electric vehicles are launched in the second half of the year, with projections indicating high growth in domestic sales of new energy vehicles by 2025 [1]. - The solid-state battery industrialization trend is clear, with attention on related materials and equipment companies [1]. - In May, China's photovoltaic installed capacity reached 92.92 GW, a year-on-year increase of 388%, which may suppress demand for photovoltaic installations in the near term [1]. - The hydrogen energy sector is being driven by policies promoting industrialization, with a focus on companies with cost and technological advantages in electrolyzer production and hydrogen infrastructure [1]. Summary by Sections Industry Performance - The electric equipment and new energy sector rose by 1.99% this week, outperforming the Shanghai Composite Index, which increased by 1.4% [10]. - The photovoltaic sector saw a significant increase of 6.80%, while the lithium battery index rose by 3.84% [2][13]. New Energy Vehicles - Major players in the new energy vehicle market reported varying delivery figures for June, with BYD delivering 383,600 units (up 11.98% year-on-year) and Li Auto experiencing a decline of 24% [2][27]. - The report highlights the expected growth in new energy vehicle sales, driven by the introduction of new models [1][2]. Photovoltaic Sector - The central economic work conference emphasized the need to regulate low-price competition and improve product quality in the photovoltaic industry [1][2]. - The report notes the significant increase in installed capacity and the potential impact on future demand [1]. Hydrogen Energy - The approval of a large-scale green hydrogen pipeline project indicates ongoing support for the hydrogen energy sector [1][27]. Company Developments - Companies like EVE Energy and Xinwanda are planning to issue H-shares for overseas listings, indicating growth strategies in the electric equipment sector [2][28].

Market Overview - The solid-state battery concept sector declined by 2.26%, ranking among the top declines in concept sectors as of July 4 [1] - Notable declines within the sector included companies such as Xinyu Ren, Jinhai Galaxy, and Huasheng Lithium Battery, while 24 stocks within the sector saw price increases, with Limin Co., Wanxiang Qianchao, and Binglun Environment leading with gains of 5.83%, 5.44%, and 5.40% respectively [1] Capital Flow - The solid-state battery concept sector experienced a net outflow of 3.77 billion yuan, with 165 stocks seeing net outflows, and 9 stocks having outflows exceeding 100 million yuan [1] - Guoxuan High-Tech led the net outflow with 239 million yuan, followed by Daoshi Technology, Dadongnan, and Huayou Cobalt with outflows of 217 million yuan, 196 million yuan, and 186 million yuan respectively [1][2] - Conversely, the stocks with the highest net inflows included Ningde Times, Weilan Lithium, and SAIC Group, with net inflows of 232 million yuan, 183 million yuan, and 133 million yuan respectively [1] Stock Performance - The top decliners in the solid-state battery sector included Guoxuan High-Tech (-1.73%), Daoshi Technology (-6.13%), and Huayou Cobalt (-2.00%) [2] - Other notable declines were seen in companies such as Star Source Material (-3.97%), Yiwai Lithium Energy (-4.72%), and Xiangtan Electrochemical (-4.63%) [2][3] - The overall trading activity indicated a significant turnover rate, with some stocks like Dada Technology reaching a turnover rate of 12.61% [2]

Group 1 - Brother Technology expects a net profit of 60 million to 75 million yuan for the first half of 2025, representing a year-on-year increase of 325% to 431.25% [1] - Zhonggang Luonai's shareholder plans to reduce its stake by 0.5%, amounting to no more than 562,500 shares [1] - Hesheng Silicon Industry's controlling shareholder intends to exchange up to 1% of its shares for ETF units, totaling no more than 11,822,100 shares [1][2] Group 2 - Suotong Development's actual controller plans to reduce its stake by up to 2.21%, equating to no more than 1,098,720 shares [2] - Funeng Technology's shareholder plans to reduce its stake by no more than 1%, totaling up to 12,221,000 shares [2][3] - Yuhua Development expects a net profit of 175 million to 225 million yuan for the first half of 2025, a year-on-year increase of 632% to 784% [4][5] Group 3 - Dingsheng Co. plans to reduce its stake by no more than 1.71%, equating to up to 726,430 shares [5] - Renle's stock has been terminated from listing, officially delisted on July 4, 2025 [6] - Weitang Industrial's controlling shareholder plans to reduce its stake by no more than 1.95%, totaling up to 340,000 shares [7] Group 4 - Yingfeng Environment's convertible bond may trigger a downward adjustment of the conversion price due to stock prices falling below 85% of the conversion price [8] - Jingye Da's actual controller plans to reduce its stake by no more than 3%, equating to up to 694,150 shares [10] - Yongtai Technology and its subsidiary are suing for 57.5193 million yuan in damages [11] Group 5 - *ST Meigu's subsidiary has been applied for bankruptcy liquidation [12] - Daoshi Technology plans to invest up to 165 million USD in a copper wet smelting project in the Democratic Republic of Congo [13] - Xinbo Co.'s actual controller plans to reduce its stake by no more than 1.54%, totaling up to 372,440 shares [14] Group 6 - Yunnan Energy Investment has obtained the development rights for a photovoltaic power generation project with a capacity of 20 MW [15] - Qinglong Pipe Industry's controlling shareholder plans to reduce its stake by no more than 3%, equating to up to 990,970 shares [15] - Yangjie Technology has terminated the share issuance and cash acquisition of Beite Electronics, opting for cash acquisition instead [16] Group 7 - Taijia Co.'s controlling shareholder plans to reduce its stake by no more than 3%, totaling up to 755,210 shares [17] - Songyang Resources has terminated the planning of a control change and will resume trading on July 4, 2025 [19]

关于调整控股子公司股权激励方案 暨收购子公司股权的公告 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"公司"）于 2025 年 7 月 3 日召开了 第六届董事会 2025 年第 9 次会议和第六届监事会 2025 年第 6 次会议，审议通 过了《关于调整控股子公司股权激励方案暨收购子公司股权的议案》，具体情况 如下： 证券代码：300409 证券简称：道氏技术 公告编号：2025-076 广东道氏技术股份有限公司 一、具体情况概述 1、控股子公司股权激励方案概述 为推动子公司佛山市格瑞芬新能源有限公司（以下简称"格瑞芬"）及公司 碳材料板块业务的快速发展，公司于 2021 年 12 月对王昆明先生进行股权激励， 具体激励方式为：格瑞芬的控股股东佛山市道氏科技有限公司（以下简称"佛山 道氏"）以 1 元的价格将其持有的格瑞芬 5%（对应的注册资本为 540 万元，当 时的总注册资本为 10800 万元）的股权授予王昆明先生，以实施股权激励，双方 约定服务期限为 60 个月，并设定了服务期内的考核目标。具体内容详见公司于 2 ...

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。 证券代码：300409 证券简称：道氏技术 公告编号：2025-077 广东道氏技术股份有限公司 关于调整证券事务代表的公告 广东道氏技术股份有限公司（以下简称"公司"）董事会于近日收到证券事 务代表刘小兰女士提交的书面辞任报告，刘小兰女士因个人原因辞去公司证券事 务代表职务。上述辞任报告自送达公司董事会之日起生效。刘小兰女士在担任公 司证券事务代表期间恪尽职守、勤勉尽责，公司对刘小兰女士在任职期间为公司 所作的贡献表示衷心感谢！ 电子邮件：dm@dowstone.com.cn 通讯地址：广东省佛山市禅城区南庄镇怡水三路 1 号 1 座 特此公告。 广东道氏技术股份有限公司董事会 公司于 2025 年 7 月 3 日召开了第六届董事会 2025 年第 9 次会议，审议通 过了《关于聘任证券事务代表的议案》，同意聘任麦良芳女士为公司证券事务代 表（简历详见附件），任期自本次董事会审议通过之日起至第六届董事会任期届 满之日止。 麦良芳女士已取得深圳证券交易所董事会秘书资格证书，具备履行职责所必 需的专业能力，其任职资 ...

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 证券代码：300409 证券简称：道氏技术 公告编号：2025-074 广东道氏技术股份有限公司 第六届监事会2025年第6次会议决议公告 三、备查文件 1、第六届监事会 2025 年第 6 次会议决议。 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 6 次会议的通知于 2025 年 7 月 3 日以电子邮件、电话的方式向各位监事发出，全 体监事一致同意豁免通知期限，会议于同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。本次会议应出席监事 3 人，实际出席 监事 3 人，监事余祖灯先生、徐伟红女士以通讯方式参加会议。本次会议由监事 会主席余祖灯先生主持，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。 特此公告。 二、监事会会议审议情况 广东道氏技术股份有限公司监事会 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《关于调整控股子公 ...

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