Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - Q3 performance met expectations with revenue of 2.2 billion yuan, down 60% YoY and 11% QoQ, and a net loss of 300 million yuan, down 741% YoY but up 8% QoQ [2] - The company has full production capacity for iron-lithium and is awaiting ramp-up for manganese iron-lithium production lines, with expected total shipments of 230,000 tons for the year, a 7% increase YoY [2][3] - The processing fee for iron-lithium has reached a bottom, and profitability is expected to gradually recover as lithium carbonate prices stabilize [3] Summary by Sections Financial Performance - Total revenue for Q3 was 2.2 billion yuan, with a gross margin decrease of 5% and a net loss of 300 million yuan [2] - For the first three quarters, total revenue was 6.5 billion yuan, down 54% YoY, with a net loss of 800 million yuan, an 18% increase YoY [2] Production Capacity and Product Development - The company has 265,000 tons of iron-lithium production capacity fully utilized, with manganese iron-lithium production lines at 40,000 tons ramping up [2] - New product planning is underway, with expectations for the DY12 product to achieve a density of approximately 2.6 g/cm³, gradually increasing sales of high-density products [2] Cost Management and Cash Flow - Q3 operating expenses were 580 million yuan, a 42% increase YoY, with a cash flow from operations of 180 million yuan [3] - The company ended Q3 with 2.7 billion yuan in cash, indicating a strong cash position [3] Investment Recommendations - The net profit forecast for 2024-2026 has been adjusted to -900 million, 60 million, and 480 million yuan respectively, with expected YoY growth rates of 44%, 106%, and 729% [4] - Despite current performance pressures, the company remains competitive as a leader in iron-lithium production, maintaining a "Buy" rating [4]

证券代码：300769 证券简称：德方纳米 深圳市德方纳米科技股份有限公司 投资者关系活动记录表 编号：2024-011 | --- | --- | --- | --- | --- | |--------------------------|------------------------------------|------------------------------------------|---------------------------------------------------------------------------------------------------------------------|--------------------| | | | | | | | | □特定对象调研 □媒体采访 | □分析师会议 ■业绩说明会 | | | | 投资者关系 | □新闻发布会 | □路演活动 | | | | 活动类别 | □现场参观 | | | | | | | | | | | | | | 中信证券、东吴证券、民生证券、广发证券、华创证券、美国银 | | | 参与单位名 称及人员 ...

深圳市德方纳米科技股份有限公司 简式权益变动报告书 信息披露义务人：秦东栋 通讯地址：深圳市福田区****** 权益变动性质：股份增加（协议转让） 签署日期：2024 年 10 月 29 日 上市公司： 深圳市德方纳米科技股份有限公司 上市地点： 深圳证券交易所 股票简称： 德方纳米 股票代码： 300769 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的公司信 息披露内容与格式准则第 15 号－权益变动报告书》（以下简称"《准则 15 号》"） 及其他相关法律、行政法规及部门规章的有关规定编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人内部规则中的任何条款，或与之相冲突。 三、依据《证券法》《收购办法》的规定，本报告书已全面披露信息披露义 务人在深圳市德方纳米科技股份有限公司（以下简称"公司"或"德方纳米"） 中拥有权益的股份变动情况。截至本报告书签署之日，除本报告书披露的信息外， 上述信息披露义务人没有通过任何其他方式增加或减少其在本公 ...

证券代码：300769 证券简称：德方纳米 公告编号：2024-092 深圳市德方纳米科技股份有限公司 关于持股 5%以上股东部分股份解质押及质押的公告 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。 特别风险提示： 深圳市德方纳米科技股份有限公司（以下简称"公司"）第一大股东吉学文 先生质押股份数量（含本次）占其所持公司股份数量比例超过 80%。敬请投资者 注意相关风险。 公司近日接到公司持股 5%以上股东吉学文先生的通知，获悉吉学文先生将 其所持有的公司部分股份办理了解质押及质押手续，具体事项如下： | 股东名称 | 是否为控股股东 或第一大股东及 | 本次解除质押数 | 占其所持股 | 占公司总股 | 质押起始 | 解除质押日 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 其一致行动人 | 量（股） | 份比例 | 本比例 | 日 | 期 | | | 吉学文 | 是 | 2,442,500 | 6.28% | 0.87% | 2024-8-28 | 2024-10-25 | 比 ...

证券代码：300769 证券简称：德方纳米 公告编号：2024-093 深圳市德方纳米科技股份有限公司 关于持股 5%以上股东权益变动的提示性公告 持股5%以上股东吉学文先生保证向本公司提供的信息内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 注：本次权益变动后，吉学文先生持股数量的增加是因为公司实施权益分派所致。本次权益变动 后的持股比例已按剔除公司回购专用账户股份2,807,600股后的总股本计算。截至本报告书披露 日，尚未取得中国证券登记结算有限责任公司出具的《证券过户登记确认书》。上述本次权益变 动后持股情况中"持股数量""持股比例"按14,009,402股过户登记完成后计算。 特别提示： 1、自2022年4月14日披露前次权益变动报告至本次协议转让前，持有深圳市 德方纳米科技股份有限公司（以下简称"公司"或"德方纳米"）5%以上股份的 股东吉学文先生因大宗交易和集中竞价交易减持、权益分派和被动稀释等原因， 持有公司股份的比例从17.49%减少至14.02%（按剔除公司回购专用账户股份 2,807,600股后的总股本计 ...

深圳市德方纳米科技股份有限公司 简式权益变动报告书 信息披露义务人：吉学文 通讯地址：吉林省长春市朝阳区****** 权益变动性质：股份减少（协议转让） 签署日期：2024 年 10 月 29 日 上市公司： 深圳市德方纳米科技股份有限公司 上市地点： 深圳证券交易所 股票简称： 德方纳米 股票代码： 300769 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的公司信 息披露内容与格式准则第 15 号－权益变动报告书》（以下简称"《准则 15 号》"） 及其他相关法律、行政法规及部门规章的有关规定编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人内部规则中的任何条款，或与之相冲突。 三、依据《证券法》《收购办法》的规定，本报告书已全面披露信息披露义 务人在深圳市德方纳米科技股份有限公司（以下简称"公司"或"德方纳米"） 中拥有权益的股份变动情况。截至本报告书签署之日，除本报告书披露的信息外， 上述信息披露义务人没有通过任何其他方式增加或减少其 ...

证券代码：300769 证券简称：德方纳米 公告编号：2024-091 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 近日，公司与招商银行股份有限公司深圳分行（以下简称"招商银行深圳分 行"）签订了《票据池业务授信协议》（以下简称"授信协议"），招商银行深 圳分行同意在《授信协议》约定的授信期间安排其各分支机构向纳入《授信额度 分配表》的公司及全资子公司佛山市德方纳米科技有限公司（以下简称"佛山德 方"）、曲靖市德方纳米科技有限公司（以下简称"曲靖德方"）、曲靖市沾益 区德方纳米科技有限公司（以下简称"沾益德方"）提供总额为人民币30,000万 元整（含等值其他币种）的票据池业务授信额度，公司、佛山德方、曲靖德方、 沾益德方分别与招商银行深圳分行签订了《票据池业务最高额质押合同》，公司、 佛山德方、曲靖德方、沾益德方同意以其合法持有并经招商银行深圳分行认可的 未到期银行承兑汇票（含纸票和电票）、财务公司承兑的电子承兑汇票、商业承 兑汇票（含纸票和电票）、保证金、存单等为上述票据池业务额度项下的业务余 额提供最高限额为人民币30,000万元整的质押担保。 根据《深圳证券交易所创业板股票上市规则》《深圳 ...

Financial Performance - Revenue for Q3 2024 was CNY 2,189,573,175.98, a decrease of 59.56% compared to the same period last year[2] - Net profit attributable to shareholders was a loss of CNY 305,835,969.22, down 740.75% year-over-year[2] - Net profit excluding non-recurring items was a loss of CNY 319,713,584.25, a decline of 849.62% compared to the previous year[2] - Basic earnings per share were CNY -1.09, down 741.18% compared to the same period last year[2] - The company's operating revenue for Q3 2024 was ¥6,530,387,334.82, a decrease of 54.35% compared to ¥14,306,731,076.51 in the same period last year[6] - Total operating revenue for the current period is approximately ¥6.53 billion, a decrease of 54.4% compared to ¥14.31 billion in the previous period[17] - Net profit for the current period is approximately -¥931.81 million, an improvement from -¥1.22 billion in the previous period, reflecting a 23.7% reduction in losses[18] - The company reported a total comprehensive loss of approximately -¥1.11 billion for the current period, compared to -¥1.34 billion in the previous period, indicating a 15.5% improvement[19] Assets and Liabilities - Total assets decreased by 6.49% to CNY 19,388,448,692.94 from CNY 20,734,958,524.59 at the end of the previous year[2] - Shareholders' equity attributable to the parent company decreased by 14.66% to CNY 6,079,563,570.03[2] - The company's total liabilities increased, with accounts payable rising by 118.30% to CNY 2,956,798,512.88[5] - The company's total liabilities decreased from RMB 12,018,332,973.96 to RMB 11,819,931,579.28, a decrease of approximately 1.7%[16] - The company's inventory increased from RMB 845,588,989.74 to RMB 965,588,588.24, an increase of about 14.2%[14] - The company's accounts receivable decreased from RMB 2,282,846,247.42 to RMB 1,993,192,762.14, a decline of approximately 12.7%[14] - The company's non-current assets decreased from RMB 11,532,899,920.08 to RMB 11,217,852,073.20, a decrease of about 2.7%[15] - The company's retained earnings decreased from RMB 1,627,591,615.15 to RMB 805,939,748.62, a decline of approximately 50.5%[16] - The company's total equity decreased from RMB 8,716,625,550.63 to RMB 7,568,517,113.66, a decrease of about 13.2%[16] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 236,866,253.80, a decline of 109.27% year-over-year[2] - The net cash flow from operating activities was negative at ¥236,866,253.80, a decline of 109.27% from ¥2,554,322,389.22 in the previous period[7] - Cash inflow from operating activities totaled approximately ¥3.23 billion, down 70.3% from ¥10.89 billion in the previous period[20] - Net cash inflow from investment activities totaled 4,785,455,064.04, significantly up from 2,569,082,943.15, marking an increase of about 86.5%[21] - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was 465,081,172.69, down from 1,179,201,430.18, a decrease of approximately 60.5%[21] - Net cash flow from financing activities was -1,066,459,630.35, worsening from -549,242,036.73 in the previous period[21] - The total cash and cash equivalents at the end of the period was 1,557,755,756.57, down from 3,086,160,432.99, a decline of about 49.5%[21] - Cash inflow from financing activities was 2,007,620,137.96, down from 4,343,901,122.01, a decrease of approximately 53.8%[21] - Cash outflow for debt repayment was 2,409,289,693.08, down from 4,042,926,947.72, a reduction of about 40.4%[21] - The company's cash and cash equivalents decreased from RMB 2,863,753,185.05 to RMB 2,737,005,318.95, a decline of approximately 4.4%[14] - The impact of exchange rate changes on cash and cash equivalents was -423,343.87, compared to a positive impact of 149,202.67 in the previous period[21] - The company’s cash and cash equivalents decreased by 481,996,493.01 during the period, contrasting with an increase of 805,111,068.13 in the previous period[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,521[8] - Major shareholder Ji Xuewen holds 13.88% of the shares, amounting to 38,897,664 shares, with a portion pledged[8] - The company did not report any related party transactions or concerted actions among major shareholders[10] - The company repurchased a total of 2,807,600 shares, accounting for 1.0020% of the current total share capital, with a total transaction amount of RMB 104,948,914.80[13] - The total amount for the share repurchase plan is set between RMB 100 million and RMB 200 million, with a maximum repurchase price of RMB 60.20 per share[12] Research and Development - Research and development expenses were reduced by 49.18% to ¥226,221,968.11 from ¥445,174,300.13, attributed to lower compensation and share-based payment expenses[6] - Research and development expenses for the current period are approximately ¥226.22 million, down 49.3% from ¥445.17 million in the previous period[17]

证券代码：300769 证券简称：德方纳米 公告编号：2024-089 深圳市德方纳米科技股份有限公司 关于持股5%以上股东终止协议转让公司部分股份的公告 持股5%以上股东吉学文先生保证向本公司提供的信息内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、 本次协议转让事项概述 吉学文先生与嵩山奥义于2024年6月27日签署《股份转让协议》（以下简称 "原协议"），并于2024年7月29日签署了《股份转让协议补充协议》（以下简 称"补充协议"），吉学文先生拟通过协议转让方式向嵩山奥义转让其持有的公 司股份14,009,402股，占公司总股本的5%（占剔除截止2024年9月30日公司回购 专用账户股份2,807,600股后公司总股本的5.05%）。具体内容详见公司于2024年 7月1日在巨潮资讯网披露的《关于持股5%以上股东权益变动的提示性公告》（公 告编号：2024-057）、2024年7月29日披露的《关于持股5%以上股东权益变动的 进展暨签署补充协议的公告》（公告编号：2024-063）及相关信息披露义务人出 具的权益变动报告书。 二、 本次协议转让终止情况 截至本公告披露日，吉学文先生与嵩 ...

证券代码：300769 证券简称：德方纳米 公告编号：2024-088 深圳市德方纳米科技股份有限公司 关于持股 5%以上股东部分股份质押的公告 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。 特别风险提示： 深圳市德方纳米科技股份有限公司（以下简称"公司"）第一大股东吉学文 先生质押股份数量（含本次）占其所持公司股份数量比例超过 80%。敬请投资者 注意相关风险。 公司近日接到公司持股 5%以上股东吉学文先生的通知，获悉吉学文先生将 其所持有的公司部分股份办理了质押手续，具体事项如下： | 股东 | 是否为控股 股东或第一 | 本次质押 数量 | 占其所持 | 占公司总 | 是否为 | 是否为补 | 质押起始 | 质押到期 | 质权人 | 质押用 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 | （股） | 股份比例 | 股本比例 | 限售股 | 充质押 | 日 | 日 | | 途 | | | 一致行动人 | | | | | | | | | ...