Group 1 - The company Dao's Technology held its 12th board meeting of the 6th session on August 18, 2025, at its subsidiary in Foshan, combining in-person and remote voting [1] - The meeting reviewed a proposal regarding the change of part of the fundraising purposes [1] Group 2 - The average number of high-temperature days in China has increased by 25% over the past decade, indicating a growing impact of high temperatures on the economy [1] - Experts from the National Climate Center provided insights into the economic implications of rising temperatures [1]

民生证券股份有限公司 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 民生证券股份有限公司（以下简称"民生证券"、"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 （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人民币2,579,209,811.32元， 上述募集资金已于2023年4月13日到账，并由立信会计师事务所（特殊普通合伙） 出 ...

证券代码：300409 证券简称：道氏技术 公告编号：2025-089 广东道氏技术股份有限公司 第六届董事会 2025 年第 12 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。 本议案已经审计委员会审议通过。 具体内容详见公司同日在巨潮资讯网（www.cninfo.com.cn）披露的《关于 变更部分募集资金用途的公告》。 保荐机构出具了无异议的核查意见。 经全体董事审议，8 票赞成、0 票反对、0 票弃权。 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 12 次会议的通知于 2025 年 8 月 16 日以电子邮件、电话的方式向全体董事发出，全 体董事一致同意豁免通知期限，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。本次会议应出席董事 8 人，实际出席董事 8 人，董事荣继华先生、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，公司监事葛秀丽女士 ...

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]