北京市中伦（深圳）律师事务所 关于深圳市德方纳米科技股份有限公司 第三期限制性股票激励计划作废部分限制性股票的 法律意见书 二〇二五年八月 北京市中伦（深圳）律师事务所 关于深圳市德方纳米科技股份有限公司 第三期限制性股票激励计划作废部分限制性股票的 法律意见书 致：深圳市德方纳米科技股份有限公司 北京市中伦（深圳）律师事务所（以下简称"本所"）作为深圳市德方纳米 科技股份有限公司（以下简称"公司"或"德方纳米"）聘请的法律顾问，根据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）、《深圳证券交易所创业板股票上市规则》 以及中国证券监督管理委员会（以下简称"中国证监会"）发布的《上市公司股 权激励管理办法》（以下简称"《管理办法》"）等有关法律、法规和规范性文 件的规定，按照律师行业公认的业务标准、道德规范和勤勉尽责精神，在对公司 第三期限制性股票激励计划（以下简称"本激励计划"）作废部分已授予但尚未 归属的限制性股票（以下简称"本次作废"）所涉及的有关事实进行核查基础上， 现出具本法律意见书。 就公司提供的文件、资料和陈述，本所及本所律师已得到公司的 ...

深圳市他山企业管理咨询有限公司 关于深圳市德方纳米科技股份有限公司 第三期限制性股票激励计划作废部分限制性股票事 项的 独立财务顾问报告 二〇二五年八月 | 目 | 录 | 1 | | --- | --- | --- | | 释 | 义 | 2 | | 声 | 明 | 3 | | 一、本激励计划已履行的必要程序 | | 4 | | 二、本次限制性股票作废失效事项说明 | | 7 | | 三、结论意见 | | 8 | | 四、备查信息 | | 9 | 深圳市他山企业管理咨询有限公司 独立财务顾问报告 释 义 在本报告中，除非上下文文意另有所指，下列词语具有如下含义： | 德方纳米、公司 | 指 | 深圳市德方纳米科技股份有限公司（证券简称：德方 | | --- | --- | --- | | | | 纳米；证券代码：300769） | | 本激励计划 | 指 | 深圳市德方纳米科技股份有限公司第三期限制性股 | | | | 票激励计划 | | 《股权激励计划（草案）》 | 指 | 《深圳市德方纳米科技股份有限公司第三期限制性 | | | | 股票激励计划（草案）》 | | 独立财务顾问报告、本报告 | 指 | ...

德方纳米8月28日披露半年报，公司上半年实现营业收入38.82亿元，同比下降10.58%；归属于上市公司 股东的净利润亏损3.91亿元，上年同期亏损5.16亿元；基本每股收益-1.41元/股。 ...

【德方纳米：上半年净利润亏损3.91亿元】智通财经8月28日电，德方纳米(300769.SZ)公告称，2025年 上半年实现营业收入38.82亿元，同比下降10.58%；归属于上市公司股东的净利润为亏损3.91亿元，持 续亏损；公司计划不派发现金红利，不送红股，不以公积金转增股本。 转自：智通财经 ...

深圳市德方纳米科技股份有限公司 2025 年半年度报告全文 深圳市德方纳米科技股份有限公司 2025 年半年度报告 2025 年 8 月 1 深圳市德方纳米科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人孔令涌、主管会计工作负责人唐文华及会计机构负责人(会计 主管人员)唐文华声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 公司在本报告第三节"管理层讨论与分析"中"十、公司面临的风险和应 对措施"部分详细描述了公司经营中可能面临的主要风险及应对措施，敬请投 资者及相关人士仔细阅读并注意风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 三、报告期内在中国证监会指定网站上公开披露过的所有公司文件正本及公告的原稿。 四、其他备查文件。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- | --- | | ...

德方纳米公告，2025年上半年营业收入38.82亿元，同比下降10.58%。归属于上市公司股东的净亏损 3.91亿元，上年同期净亏损5.16亿元，同比收窄24.24%。 ...

Core Viewpoint - The lithium iron phosphate (LFP) industry is facing severe overcapacity and price declines, despite strong demand for LFP batteries, leading to significant losses for many companies in the sector [1][2][6]. Industry Overview - The first meeting of the Lithium Iron Phosphate Materials Subcommittee of the China Chemical and Physical Power Industry Association was held in Shenzhen, focusing on industry overcapacity and the elimination of outdated production capacity [1][2]. - Nine major LFP companies attended the meeting, indicating a high-level discussion on the industry's current challenges and future arrangements [1][3]. Market Dynamics - The price of LFP has plummeted from 166,000 yuan per ton at the beginning of 2023 to 36,000 yuan per ton in 2024, causing significant financial strain on leading companies [6][11]. - Despite the overall market growth, the LFP sector has become the most loss-ridden part of the battery supply chain, with only Hunan Youneng managing to maintain profitability [6][7]. Production Capacity - The LFP production capacity has expanded dramatically, from 2.12 million tons at the end of 2022 to 4.27 million tons by the end of 2023, with nominal capacity exceeding 5 million tons, which is double the previous year's shipment volume [5][6]. - The average operating rate in the industry was as low as 50.41% in June of the previous year, with only Hunan Youneng maintaining a utilization rate of 93.15% [6][11]. Financial Performance - Hunan Youneng reported a revenue of 14.358 billion yuan in the first half of 2025, a 33.17% increase, driven by a 55.38% rise in sales volume of phosphate-based cathode materials [10]. - Other companies like Dongsheng Technology and Anda Technology also reported revenue growth, although they still faced challenges with profitability [10][11]. - Anda Technology recorded a loss of 168 million yuan, but this was a 52.83% reduction compared to the previous year, indicating some improvement in financial health [11]. Future Outlook - The industry is expected to undergo a transformation towards high-end products, with increasing demand for high-density LFP materials, which could improve profitability for leading companies [8][9]. - The overall market dynamics suggest that while the LFP sector is currently struggling, there is potential for recovery as the industry addresses overcapacity and shifts towards higher-quality products [8][10].

新能源"反内卷"当下，磷酸铁锂产能出清备受市场关注。上周，一份关于召开磷酸铁锂材料分会理事会的通知文件在业内广泛流传，引发市场高度关注。 8月22日，记者实地探访深圳好日子皇冠假日酒店，会议在酒店二楼的伦敦+巴黎厅内如期举行。厅内，行业协会负责人及产业链企业代表齐聚一堂，共 同商讨应对行业产能过剩的解决方案。 （8月22日上午9:00深圳好日子皇冠假日酒店/第一财经记者摄） 根据记者在现场获得的签到名单，本次参会方共计13人次，其中3名为磷酸铁锂材料分会秘书处工作人员，其余10家为磷酸铁锂产业链企业，包括湖南裕 能（301358.SZ）、万润新能（688275.SZ）、安达科技（830809.BJ）、德方纳米（300769.SZ）以及当升科技（300073.SZ）旗下的当升蜀道（攀枝花）新 材料有限公司5家上市公司或上市公司子公司，以及友山科技、丰元锂能、常州锂源、天原理电。 （8月22日上午9:10深圳好日子皇冠假日酒店/第一财经记者摄） 今年5月，中国化学与物理电源行业协会磷酸铁锂材料分会在深圳成立，分会的成立旨在推动技术标准化、淘汰落后产能、强化国际合作，助力中国主导 全球磷酸铁锂产业链。 参加今天会议 ...

Core Viewpoint - The article discusses the current state of the lithium iron phosphate (LFP) industry, focusing on the need for capacity clearance due to overcapacity and the upcoming expansion driven by high demand in the energy storage sector [1][3]. Industry Overview - A meeting was held on August 22 at the Crowne Plaza Hotel in Shenzhen, attended by representatives from 10 LFP industry companies and the Lithium Iron Phosphate Materials Subcommittee of the China Chemical and Physical Power Industry Association [6][9]. - The subcommittee was established in May 2023 to promote standardization, eliminate outdated capacity, and strengthen international cooperation in the LFP industry [9]. Capacity and Demand Dynamics - The meeting addressed the issue of overcapacity in the LFP sector, which is critical for current power batteries and energy storage systems [12]. - In the first half of 2025, China's LFP production reached 1.632 million tons, a year-on-year increase of 66.6%, with total available capacity rising to 5.32 million tons [12]. - The supply-demand situation is characterized by "overall surplus but structural tightness," where high-quality capacity is scarce while low-end capacity is excessive [12]. Challenges for Industry Players - Leading companies maintain over 70% utilization rates due to their technological, financial, and supply chain advantages, while smaller firms face idle capacity due to lower product quality [12]. - The article identifies three types of LFP capacities likely to be eliminated: those unable to keep up with product upgrades, those affected by bankruptcies or cash flow issues, and those with poorly designed production lines [13].

Core Viewpoint - The meeting held on August 22 in Shenzhen focused on addressing the issue of excess capacity in the lithium iron phosphate (LFP) industry, with industry representatives discussing strategies for capacity elimination and low-carbon transformation across the supply chain [1][7]. Group 1: Industry Context - The LFP materials sub-association was established in May this year to promote standardization, eliminate outdated capacity, and strengthen international cooperation, aiming to help China lead the global LFP industry [7]. - The meeting included representatives from 10 LFP industry companies, highlighting the collaborative effort to tackle industry challenges [4]. Group 2: Capacity and Demand Dynamics - The LFP industry is currently experiencing a structural supply-demand imbalance, characterized by overall excess capacity but a shortage of high-quality production [11]. - By the first half of 2025, China's LFP production is expected to reach 1.632 million tons, a year-on-year increase of 66.6%, with total available capacity rising to 5.32 million tons [11]. - Leading companies maintain over 70% operational rates due to their technological and financial advantages, while smaller firms struggle with underutilization due to lower product quality [11]. Group 3: Capacity Elimination Trends - The current "anti-involution" trend may lead to the elimination of certain LFP capacities, including those unable to keep pace with product upgrades, those affected by bankruptcies or cash flow issues, and those with poorly designed production lines [12].