Core Viewpoint - The company, Dao's Technology, anticipates significant growth in net profit for 2025, projecting an increase of 206.01% to 269.76% year-on-year, driven by its focus on solid-state battery materials and expansion in overseas copper and cobalt resources [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is between 48,000 million and 58,000 million [1] - The projected net profit excluding non-recurring gains and losses is between 46,000 million and 56,000 million, reflecting a year-on-year increase of 280.94% to 363.75% [1] Business Strategy - The company is concentrating on the solid-state battery materials sector, developing a matrix system that includes positive and negative electrode materials and carbon materials, aiming to become a comprehensive supplier of solid-state battery materials [1] - The company emphasizes "talent-driven, AI-powered R&D, and innovation to forge a first-class new materials enterprise," continuously enhancing its technical capabilities and optimizing production and management [1] Growth Drivers - Significant growth in profitability is attributed to the successful expansion of overseas operations, with steady increases in cathode copper production capacity leading to simultaneous volume and price increases [1] - The company benefits from the rebound in cobalt prices, which has positively impacted the profitability of its cobalt products [1]

证券代码：300409 证券简称：道氏技术 公告编号：2026-008 广东道氏技术股份有限公司 2025年度业绩预告 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、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日 2、业绩预告情况：预计净利润为正值且属于同向上升 50%以上情形 （1）以区间数进行业绩预告的 | 项 目 | 本报告期 | | 上年同期 | | --- | --- | --- | --- | | 归属于上市公司 | 48,000.00 | 万元 万元-58,000.00 | 万元 15,685.73 | | 股东的净利润 | 比上年同期增长 | 206.01%-269.76% | | | 扣除非经常性损 | 46,000.00 | 万元-56,000.00 万元 | 万元 12,075.46 | | 益后的净利润 | 比上年同期增长 | 280.94%-363.75% | | 二、与会计师事务所沟通情况 本次业绩预告相关的财务数据未经会计师事务所审计，公司已就业绩预告情 况与年审会计师事 ...

Market Overview - The Shanghai Composite Index closed at 4136.16 points, up 0.33%, with a trading volume of 1.3369 trillion yuan. The Shenzhen Component Index rose 0.79% to 14439.66 points, with a trading volume of 1.7484 trillion yuan. The ChiNext Index increased by 0.63% to 3349.50 points, with a trading volume of 822.63 billion yuan. The STAR Market 50 Index closed at 1553.71 points, up 0.78%, with a trading volume of 110.8 billion yuan. The total trading volume of both markets was 3.0853 trillion yuan, an increase of 393.5 billion yuan compared to the previous trading day [1]. Sector Performance - The market saw more sectors gaining than losing, with notable increases in power equipment, non-ferrous metals, precious metals, defense and military, steel, media, computer, environmental protection, and textile and apparel sectors. Concepts such as perovskite batteries, commercial aerospace, satellite internet, sapphire, lithium mining, cultivated diamonds, small metals, gold, and interactive short dramas were particularly active. In contrast, sectors like communication, insurance, banking, coal, and home appliances experienced declines [1]. Individual Stock Performance - A total of 3707 stocks rose, while 1336 stocks fell, with 134 stocks remaining flat and 6 stocks suspended. Excluding newly listed stocks, there were 120 stocks hitting the daily limit up and 2 stocks hitting the limit down [2]. - Among the stocks that hit the daily limit up, 23 stocks had consecutive limit-up days of 2 or more, with Fenglong Co., Ltd. leading with 18 consecutive limit-ups [3]. Capital Flow - The net capital outflow from the two markets was 4.167 billion yuan, with the ChiNext seeing a net inflow of 1.515 billion yuan. The CSI 300 index experienced a net outflow of 1.005 billion yuan, while the STAR Market saw a net outflow of 3.171 billion yuan. Out of 31 sectors, 13 sectors had net capital inflows, with the power equipment sector leading with a net inflow of 8.977 billion yuan [4][6]. - The top sectors with net inflows included non-ferrous metals (4.552 billion yuan), media (2.173 billion yuan), and defense and military (2.157 billion yuan). Conversely, the communication sector had the highest net outflow of 7.992 billion yuan, followed by electronics (6.350 billion yuan) and machinery (5.077 billion yuan) [4][6]. Notable Stocks - 191 stocks had net capital inflows exceeding 1 billion yuan, with Jin Feng Technology receiving the highest net inflow of 1.861 billion yuan. Other notable stocks included Lens Technology (1.594 billion yuan), Qian Zhao Optoelectronics (1.267 billion yuan), and Xian Dao Intelligent (1.217 billion yuan) [7][8]. - Conversely, 116 stocks experienced net capital outflows exceeding 1 billion yuan, with Xin Yi Sheng leading with a net outflow of 3.471 billion yuan, followed by Zhong Ji Xu Chuang (3.103 billion yuan) and Li Ou Shares (2.604 billion yuan) [10][11]. Institutional Activity - Institutional investors had a net selling of approximately 1.02 billion yuan, with 22 stocks seeing net purchases and 14 stocks net sales. Jin Feng Technology was the most purchased stock by institutions, with a net purchase amount of approximately 266 million yuan [13][14].

Group 1 - The metal nickel concept increased by 4.20%, ranking 9th among concept sectors, with 35 stocks rising, including Shengda Resources, Baiyin Nonferrous, and Tongling Nonferrous, which hit the daily limit [1] - Notable gainers in the nickel sector included Xingye Silver Tin, Zhongwei New Materials, and Xiangtan Electrochemical, which rose by 9.91%, 8.49%, and 8.34% respectively [1] - The sector saw a net inflow of 3.959 billion yuan, with 24 stocks receiving net inflows, and 11 stocks exceeding 100 million yuan in net inflows, led by Tongling Nonferrous with 630 million yuan [2][3] Group 2 - The top stocks by net inflow ratio included Weilan Lithium Chip, Xiamen Xinda, and Daoshi Technology, with net inflow ratios of 16.74%, 16.45%, and 14.92% respectively [3] - The top stocks in the nickel concept by net inflow included Tongling Nonferrous, Weilan Lithium Chip, and Huayou Cobalt, with respective net inflows of 630.46 million yuan, 501.51 million yuan, and 485.04 million yuan [3][4] - Stocks with significant declines included Blue Sky Technology, Boqian New Materials, and ST Hezhong, which fell by 1.46%, 0.89%, and 0.61% respectively [1][5]

Group 1 - The graphene concept continues to strengthen, with companies such as Yuzhong Sanxia A, Zhongchao Holdings, and ST Xinhua Jin hitting the daily limit up [1] - Other companies like Zhongtian Technology, Mannesmann, Dao's Technology, Water Holdings, Maigemit, and Greenmei also experienced gains [1]

证券日报网讯 1月16日，道氏技术发布公告称，公司已将2023年可转债募投项目"年产10万吨三元前驱 体项目（一期）"及"道氏新能源循环研究院项目"尚未投入的募集资金合计110403.37万元（含息）变更 用于"刚果（金）年产30kt阴极铜湿法冶炼厂项目"，并已完成5个新专户开设，与国联民生证券、中国 银行签订四方监管协议，截至2026年1月16日各专户余额均为0。 （编辑 丛可心） ...

证券代码：300409 证券简称：道氏技术 公告编号：2026-007 广东道氏技术股份有限公司 关于签订募集资金监管协议的公告 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。 三、募集资金监管协议的主要内容 （一）香港佳纳有限公司 甲方 1：广东道氏技术股份有限公司 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）出具了"信会师报字 [2023] 第 ZI10164 号"《验资报 告》。 二、新增募集资金专户的开立情况和监管协议的签订情况 公司于 2025 年 12 月 30 日召开了第六届董事会 ...

Investment Rating - The report maintains an "Overweight" rating for the electric equipment and new energy industry [2] Core Insights - During the 14th Five-Year Plan, the State Grid Corporation of China is expected to invest 4 trillion yuan, a 40% increase compared to the previous plan, to drive high-quality development of the new power system supply chain [39][43] - The report highlights the focus on green transformation and the establishment of a new energy system, aiming for a 25% share of non-fossil energy consumption and 35% of electricity in final energy consumption by 2025 [39][43] - The electric equipment sector has shown strong performance, with the wind power equipment sector rising by 17.61% and the grid equipment sector by 11.91% in the last two weeks [16][17] Summary by Sections Market Review - As of January 15, 2026, the electric equipment industry has increased by 5.06%, outperforming the CSI 300 index by 2.43 percentage points, ranking 12th among 31 industries [11] - The wind power equipment sector has seen a significant increase of 17.61%, while the battery sector has only increased by 0.96% [16][17] Valuation and Industry Data - The electric equipment sector's PE (TTM) is 34.83 times, with sub-sectors like electric motors at 61.47 times and photovoltaic equipment at 31.57 times [23][24] - The report provides a detailed valuation comparison, indicating that the current valuation is above the one-year average for most sub-sectors [24] Industry News - The report discusses the expected investment by the State Grid Corporation and its implications for the electric equipment industry, emphasizing the importance of technological advancements and leading companies in the sector [39][43] - It also mentions the ongoing trends in the photovoltaic market, including price stability and the cautious outlook from upstream and downstream companies [39] Company Announcements - The report includes various company announcements, such as share reductions by major stakeholders and financial forecasts indicating potential losses for some companies [42]

Core Viewpoint - Dao's Technology has shown mixed financial performance with a slight decrease in revenue but a significant increase in net profit, indicating potential operational efficiency improvements [2]. Group 1: Financial Performance - For the period from January to September 2025, Dao's Technology reported a revenue of 6 billion yuan, a year-on-year decrease of 1.79% [2]. - The net profit attributable to shareholders for the same period was 415 million yuan, reflecting a substantial year-on-year growth of 182.45% [2]. - Cumulative cash dividends since the company's A-share listing amount to 678 million yuan, with 385 million yuan distributed over the past three years [3]. Group 2: Shareholder and Market Activity - As of September 30, 2025, the number of shareholders for Dao's Technology increased to 84,500, a rise of 13.97% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 12.26% to 8,137 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 10.18 million shares, an increase of 3.08 million shares from the previous period [3].

（文章来源：证券日报） 证券日报网讯 1月15日，道氏技术发布公告称，公司2026年第一次临时股东会审议通过《关于变更部分 募集资金用途的议案》。 ...