Core Viewpoint - 德方纳米's subsidiary 德方创域 has introduced a strategic investor, Shenzhen New Energy Storage Industry Collaborative Equity Fund Partnership, through a capital increase of 30 million yuan, acquiring 1.347381% equity post-transaction [1] Group 1 - The capital increase amount is 30 million yuan [1] - The new registered capital of 德方创域 will be 96.98128585 million yuan after the capital increase [1] - The strategic investor will subscribe to the newly added registered capital of 1.30670740 million yuan [1]

Group 1 - The core viewpoint of the article highlights the strong demand in the energy storage and solid-state battery sectors, driven by unexpected increases in lithium iron phosphate (LiFePO4) production, which is expected to boost upstream lithium salt and phosphoric chemical industries [1][10]. - According to Dongwu Securities, the shortage of energy storage cells is expected to persist until the second half of 2026, with low-priced orders seeing a price increase of 1-3 cents per watt-hour, leading to significant improvements in manufacturer profitability [2]. - The production capacity of various companies is projected to increase significantly, with notable expansions planned for companies like Hunan YN and Fulin Precision, indicating a robust growth trajectory in the energy storage market [3]. Group 2 - The A-share market experienced a collective rise, with major indices showing significant gains, particularly in the financial sector, which saw a surge in trading volume and investor confidence [10][29]. - The energy storage sector is rebounding strongly, with leading battery manufacturers reporting full production capacity and some orders extending into early next year, reflecting the ongoing demand [11]. - The satellite communication sector is also gaining traction, with major telecom companies receiving licenses to operate satellite mobile communication services, enhancing communication capabilities in various applications [14].

证券代码：300769 证券简称：德方纳米 公告编号：2025-065 深圳市德方纳米科技股份有限公司 关于控股子公司增资扩股暨引入战略投资者的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市德方纳米科技股份有限公司（以下简称"公司"）于2025年9月29日 召开第四届董事会第二十次会议，会议审议通过了《关于控股子公司增资扩股暨 引入战略投资者的议案》，现将具体情况公告如下： 一、 交易情况概述 （一）交易基本情况 为促进公司控股子公司深圳市德方创域新能源科技有限公司（以下简称"德 方创域"）长远健康发展，增强德方创域的综合实力，德方创域以增资扩股的方 式引进战略投资者深圳市新型储能产业协同股权基金合伙企业（有限合伙）（以 下简称"储能基金"）。本次增资金额为人民币 3,000.00 万元，认购德方创域新 增注册资本 130.670740 万元，并取得德方创域本次交易交割完成后基于完全摊 薄基础上 1.347381%的股权。本次增资完成后，德方创域的注册资本由 9,567.457845 万元增加至 9,698.128585 万元。 公司及德方创域其 ...

深圳市德方纳米科技股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、 对外担保概述 证券代码：300769 证券简称：德方纳米 公告编号：2025-067 根据《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2号——创业板上市公司规范运作》等相关文件的规定，上述担保 事项在已审议通过的担保事项范围内，无需另行提交公司董事会或股东会审议。 二、 被担保方基本情况 1、被担保人基本信息 | 公司名称 | 佛山市德方纳米科技有限公司 | | --- | --- | | 统一社会信用代码 | 91440608577908144B | | 公司类型 | 有限责任公司 | | 成立时间 | 2011年7月6日 | | 注册地址 | 佛山市高明区明城镇桥头路1号 | | 法定代表人 | 唐文华 | | 注册资本 | 5,000万元 | | 经营范围 | 一般项目：电子专用材料研发；电子专用材料制造；电子专用材料 | | | 销售；化工产品生产（不含许可类化工产品）；化工产品销售（不 | | | 含许可类化工 ...

证券代码：300769 证券简称：德方纳米 公告编号：2025-064 深圳市德方纳米科技股份有限公司 第四届董事会第二十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 本次董事会会议应出席董事7人，实际出席董事7人，其中独立董事王文广先 生、毕晓婷女士、李海臣先生以通讯方式参会。会议由公司董事长孔令涌先生召 集并主持，公司部分高级管理人员列席本次会议。本次董事会会议的召集、召开 符合《中华人民共和国公司法》等相关法律法规以及《公司章程》的规定。 二、 董事会会议审议情况 1、审议通过《关于控股子公司增资扩股暨引入战略投资者的议案》 为促进公司控股子公司深圳市德方创域新能源科技有限公司（以下简称"德 方创域"）长远健康发展，增强德方创域的综合实力，德方创域以增资扩股的方 式引进战略投资者深圳市新型储能产业协同股权基金合伙企业（有限合伙）。本 次增资金额为人民币3,000.00万元，认购德方创域新增注册资本130.670740万元， 并取得德方创域本次交易交割完成后基于完全摊薄基础上1.347381%的股权。本 次增资完成后，德方创域的注册资本由 ...

深圳市德方纳米科技股份有限公司 证券代码：300769 证券简称：德方纳米 公告编号：2025-066 关于授予 2025 年员工持股计划预留份额的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为满足公司可持续发展需要，不断吸引和留住优秀人才，深圳市德方纳米科 技股份有限公司（以下简称"公司"）2025 年员工持股计划（以下简称"本员 工持股计划"）设置预留份额，股票来源为公司以集中竞价交易方式回购 A 股 普通股（以下简称"标的股票"），暂存于公司回购专用证券账户，待确定认购 对象后再办理非交易过户。截至目前，2025 年员工持股计划预留份额所涉标的 股票 640,600 股。公司于 2025 年 9 月 29 日召开第四届董事会第二十次会议，审 议通过《关于授予 2025 年员工持股计划预留份额的议案》，现将有关事项公告 如下： 一、本员工持股计划进展情况 1、公司于 2025 年 6 月 27 日召开 2025 年第一次临时股东大会，批准实施本 员工持股计划。本员工持股计划筹集资金总额不超过 40,457,516 元，份额上限为 40,457,5 ...

3、本次预留授予遵循依法合规、自愿参与、风险自担的原则，不存在以摊 派、强行分配等方式强制员工参与的情形。 4、本次预留授予所涉资金来源为参加对象自筹出资，包括但不限于参加对 象合法薪酬、自有资金以及通过法律法规允许的其他方式取得的资金，不涉及公 司向参加对象提供财务资助或为参加对象贷款提供担保，不涉及杠杆资金，不涉 及第三方为参加对象提供奖励、资助、补贴、兜底等安排。 5、本次预留授予有利于吸引和留住优秀人才，满足公司可持续发展需要， 不会损害公司及中小股东合法权益。 深圳市德方纳米科技股份有限公司 深圳市德方纳米科技股份有限公司董事会薪酬与考核委员会 关于 2025 年员工持股计划预留授予事项的核查意见 深圳市德方纳米科技股份有限公司（以下简称"公司"）董事会薪酬与考 核委员会对 2025 年员工持股计划（以下简称"本员工持股计划"）预留授予事 项发表核查意见如下： 1、本次预留授予处于有效期内，已取得 2025 年第一次临时股东大会的授 权，审议程序合法、有效。 2、本次预留授予人员包括公司董事、高级管理人员以及公司（含子公司） 部分核心员工，均与公司（含子公司）签署劳动/劳务/聘用合同，符合《关于上 ...

Group 1 - The company, 德方纳米 (Deyang Nano), has a wide application of its products in the fields of power and energy storage batteries [1] - End-use scenarios for the company's products include pure electric vehicles, plug-in hybrid vehicles, electric heavy trucks, electric ships, and engineering machinery [1]

Investment Rating - The report maintains a "Positive" investment rating for the industry [3] Core Insights - The report emphasizes the importance of long-term demand expectations as a key driver for valuation and performance in the lithium battery and photovoltaic sectors [24][28] - It highlights the significant impact of short-term marginal conditions, particularly pricing and production/output data, on market sentiment and stock performance [41][48] Summary by Sections 1. Stock Price Review - The lithium battery market began its upward trend in late 2019, driven by European carbon emission assessments and the rise of new energy vehicle consumption in China [11] - The photovoltaic market saw significant growth from 2020 to 2021 due to global carbon reduction targets and supply constraints, leading to a surge in prices and stock performance [15] - The inverter segment experienced explosive growth driven by demand from energy storage solutions, but faced a sharp decline in 2023 due to inventory issues [19] 2. Key Drivers - **Long-term Demand Expectations - Lithium Batteries** - The report notes that the adjustment of long-term demand expectations directly influences performance and valuation, with significant growth observed in 2020 due to rising demand for new energy vehicles [24] - **Long-term Demand Expectations - Photovoltaics** - The report indicates that from 2020 to 2021, demand expectations for photovoltaics were revised upwards, leading to a bullish market sentiment, but concerns about peak demand in 2023 led to a decline in valuations [29] - **Long-term Demand Expectations - Inverters** - The inverter market's performance was closely tied to demand expectations, with significant growth in 2022 driven by European energy needs, but a subsequent drop in orders in 2023 [33] 3. Short-term Marginal Conditions - **Pricing** - The report highlights that price changes in lithium and silicon materials significantly affect stock prices, with stock prices often leading material price increases [41] - **Production/Output** - Monthly production and shipment data are critical indicators for stock performance, particularly in the energy storage sector, where visibility is limited [48] - **Quarterly Profit Growth Expectations** - Market participants often use quarterly profit growth expectations to gauge industry health, with stock prices typically peaking ahead of profit expectations [49] 4. Other Insights - The report notes that valuation levels are not the primary indicators of market peaks, as fundamental expectations play a more crucial role in determining market trends [59] 5. Outlook - The report expresses optimism for the energy storage market, projecting significant growth in global installations driven by improved demand expectations and favorable market conditions [62][65]

Company Overview - 德方纳米科技股份有限公司 is located in Nanshan District, Shenzhen, Guangdong Province, and was established on January 25, 2007. The company was listed on April 15, 2019. Its main business involves the research, production, and sales of lithium-ion battery materials [1] - The company's revenue composition includes 95.17% from phosphate-based cathode materials and 4.83% from other supplementary products [1] Financial Performance - As of June 30, 2025, 德方纳米 reported a revenue of 3.882 billion yuan, a year-on-year decrease of 10.58%. The net profit attributable to shareholders was -391 million yuan, an increase of 24.24% year-on-year [2] - The company has distributed a total of 307 million yuan in dividends since its A-share listing, with 175 million yuan distributed over the past three years [3] Stock Performance - On September 22, 德方纳米's stock price decreased by 2.01%, trading at 38.05 yuan per share, with a total market capitalization of 10.661 billion yuan [1] - Year-to-date, the stock price has increased by 3.17%, but it has seen a decline of 8.36% over the last five trading days [1] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 48,300, a rise of 5.63%. The average circulating shares per person decreased by 5.33% to 5,210 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 2.613 million shares, a decrease of 254,200 shares from the previous period [3]