证券代码：300769 证券简称：德方纳米 公告编号：2024-042 二、 其他说明 深圳市德方纳米科技股份有限公司 关于回购公司股份的进展公告 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。 深圳市德方纳米科技股份有限公司（以下简称"公司"）于2023年12月4日 召开第四届董事会第八次会议和第四届监事会第七次会议，会议审议通过了《关 于回购公司股份方案的议案》，同意公司以集中竞价方式回购公司股份，回购的 公司股份用于股权激励或员工持股计划，回购股份的种类为公司发行的人民币普 通股（A股），本次回购股份资金总额不低于人民币10,000万元（含）且不超过 人民币20,000万元（含），回购价格不超过人民币112.69元/股，回购的实施期限 为自董事会审议通过回购方案之日起12个月内。具体内容详见公司于2023年12 月4日、2023年12月8日在巨潮资讯网（www.cninfo.com.cn）上披露的《关于回 购公司股份方案的公告》（公告编号：2023-112）、《回购报告书》（公告编号： 2023-117）。 根据《上市公司股份回购规则》《深圳证券交易所上 ...

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：2024-003 □特定对象调研 □分析师会议 □媒体采访 ■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 □其他 参与单位名 称及人员姓 线上参与公司 2023年度网上业绩说明会的全体投资者 名 时间 2024 年4月30日（星期二）15:00-16:30 地点 价值在线（www.ir-online.cn）网络平台 公司董事长孔令涌先生，总经理贾利明先生，财务总监林旭云女 上市公司接 士，副总经理、董事会秘书何艳艳女士，独立董事李海臣先生， 待人员姓名 保荐代表人肖耿豪先生 公司于 2024 年 4 月 30 日（星期二）下午 15:00-16:30 在 “价值在线”（www.ir-online.cn）平台举办 2023 年度网上业绩 说明会，本次网上业绩说明会采用网络文字的方式举行，业绩说 明会问答环节主要内容如下： ...

Investment Rating - The investment rating for the company is "Buy" [2][19]. Core Insights - The company reported a narrowing of unit losses in Q1 2024, with expectations of turning profitable for the full year. In Q1 2024, sales of phosphate-based cathode materials reached 45,000 tons, a year-on-year increase of 14%. The average price per ton was approximately 42,000 yuan, down 37,100 yuan from the average price in 2023. The net loss per ton was -430 yuan, with a gross profit of 30 yuan per ton, indicating a reduction in unit losses [2]. - The company has a production capacity of 495,000 tons per year for phosphate-based cathode materials and has established a 5,000 tons per year capacity for lithium supplement agents. In 2023, the company completed a production capacity of 265,000 tons per year for nano lithium iron phosphate, and part of the production capacity for the 110,000 tons per year lithium manganese iron phosphate project has been released [2][19]. - The company experienced a significant decline in performance in 2023, with revenue of 16.973 billion yuan, a year-on-year decrease of 24.76%, and a net profit attributable to shareholders of -1.636 billion yuan, down 168.74% [2][19]. Financial Summary - In Q1 2024, the company achieved revenue of 1.892 billion yuan, a year-on-year decrease of 61.74%, with a net profit attributable to shareholders of -185 million yuan, an increase of 74.25% year-on-year. The overall gross margin was 0.03%, an increase of 0.02 percentage points compared to Q1 2023 [2]. - The company’s operating cash flow turned positive in 2023, reaching 5.993 billion yuan, a year-on-year increase of 197.68%. However, in Q1 2024, the operating cash flow was -718 million yuan, showing an 8.38% year-on-year growth [18]. - The company has revised its profit forecast, expecting net profits attributable to shareholders of 181 million yuan, 567 million yuan, and 965 million yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.65 yuan, 2.03 yuan, and 3.45 yuan [19].

证券研究报告·公司点评报告·电池 2024 年一季报点评：一季度明显减亏，加工 费已触底【勘误版】 2024 年 04 月 29 日 ◼ Q1 出货环降 18%、我们预计 24 年出货同增 38%。我们预计公司 Q1 出货 4.5 万吨，同增 13%，环降 18%，权益出货约 4 万吨，我们预计 Q2 出货约 6 万吨，环增约 30%。公司达产产能 37 万吨，另有 8 万吨 1H24 投产，合 计 45 万吨。公司客户集中度高，主要为宁德、比亚迪、亿纬头部龙头，且 储能占比高，我们预计 24 年出货量增 38%至约 30 万吨，其中锰铁锂混用 已装车、24 年出货可上万吨。 ◼ 盈利预测与投资评级：考虑铁锂加工费下滑，我们维持 2024-2026 年归母 净利润预测为 1.8/5/9 亿元，同比+111%/182%/86%，对应 PE 为 50/18/10x， 周期底部公司业绩承压，但公司作为铁锂龙头，长期仍具备竞争力，维持 "买入"评级。 德方纳米 沪深300 -69% -59% -49% -39% -29% -19% -9% 1% 11% 21% 31% 2023/5/4 2023/8/31 2023/ ...

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：2024-002 □特定对象调研 □分析师会议 □媒体采访 □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 ■其他（电话会议） 中信证券、东吴证券、天风证券、美国银行、摩根士丹利、高盛 参与单位名 称及人员姓 亚洲、招商基金、嘉实基金等机构投资者115 人参与（以上排名 名 不分先后） 时间 2024年4 月28日（星期日） 地点 公司会议室 上市公司接 锂动力研究院院长万远鑫博士，财务总监林旭云女士，副总经 待人员姓名 理、董事会秘书何艳艳女士 一、 公司经营情况介绍 2023 年度，公司继续深耕主业，坚持科技创新，强化运营 管理，持续推动内部降本增效，经营规模稳步扩大，主要产品的 产销量均实现了增长，磷酸盐系正极材料产量 20.52万吨，同比 ...

Investment Rating - The investment rating for the company is "Buy" [5][18]. Core Views - The Q1 performance was slightly below expectations, with revenue of 1.9 billion yuan, a year-on-year decrease of 62% and a quarter-on-quarter decrease of 29%. The net profit attributable to the parent company was -185 million yuan, with a year-on-year increase of 74% and a quarter-on-quarter increase of 71% [5]. - The company is expected to see a 38% year-on-year increase in shipments for 2024, with an estimated shipment of 300,000 tons [6]. - The unit loss has narrowed quarter-on-quarter, and processing fees are expected to have bottomed out, indicating a potential turnaround in profitability [6]. - The company maintains a competitive edge as a leader in iron lithium batteries, despite current performance pressures [7]. Financial Forecasts - The total revenue for 2023 is projected at 16.973 billion yuan, with a year-on-year decrease of 24.76%. The net profit attributable to the parent company is forecasted to be -1.636 billion yuan, reflecting a year-on-year decrease of 168.74% [4]. - For 2024, the net profit is expected to recover to 178 million yuan, with a year-on-year increase of 110.90% [4]. - The earnings per share (EPS) for 2024 is projected at 0.64 yuan, with a price-to-earnings (P/E) ratio of 49.92 [4].

Financial Performance - The company achieved operating revenue of RMB 16.973 billion in 2023, with a net profit attributable to shareholders of RMB -1.636 billion, indicating a loss compared to the previous year[4]. - The company's operating revenue for 2023 was ¥16,972,508,924.23, a decrease of 24.76% compared to ¥22,557,078,113.42 in 2022[26]. - The net profit attributable to shareholders for 2023 was -¥1,636,237,639.76, representing a decline of 168.74% from ¥2,380,198,555.42 in 2022[26]. - The basic earnings per share for 2023 was -¥5.87, down 165.88% from ¥14.25 in 2022[26]. - The company reported a gross margin of 0.28% for lithium-ion battery cathodes, with a year-over-year decrease of 19.79%[91]. - The gross profit margin for lithium-ion battery cathode materials was 0.28%, down 19.79% year-on-year[93]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 25% compared to the previous year[192]. Market Trends and Industry Outlook - The company anticipates continued growth in the lithium battery industry driven by dual carbon policies, technological innovation, and increasing market demand[4]. - In 2023, China's new energy vehicle production and sales reached 9.587 million and 9.495 million units, respectively, representing year-on-year growth of 35.8% and 37.9%[39]. - The market share of new energy vehicles in China reached 31.6%, an increase of 6 percentage points compared to 2022[39]. - The installed capacity of new energy storage projects in China reached 31.39 million kilowatts by the end of 2023, with a year-on-year growth of over 260%[42]. - The demand for lithium iron phosphate batteries is anticipated to grow rapidly, aligning with national guidelines for high safety, low cost, and long life, benefiting the company's product offerings[62]. - The rapid growth of the new energy vehicle industry, supported by government policies, creates more development opportunities for the company, particularly in the phosphate-based cathode materials sector[60]. Research and Development - The company invested 552.3415 million yuan in R&D during the reporting period, an increase of 27.75% year-on-year, and applied for 302 new patents[80]. - The company has developed four core technologies for lithium-ion battery materials, including "self-heating evaporation liquid phase synthesis" and "non-continuous graphene coating technology"[68]. - The company has established a lithium power research institute focused on basic research, new product development, and process optimization, fostering a high-quality R&D team to meet market demands[55]. - The company is actively investing in research and development for new technologies, with an allocated budget of approximately 10 million RMB for innovative projects in 2024[160]. - The R&D budget has been increased by 20% to support innovation and product development initiatives[192]. Production and Capacity - The production capacity for lithium-ion battery cathode materials was 295,093.92 tons, with a utilization rate of 69.54% and an output of 205,222.67 tons[92]. - The company is currently constructing an additional capacity of 155,625.00 tons for phosphate-based cathode materials, with the Qujing facility having started trial production[64]. - The production volume of phosphate-based cathode materials reached 205,200 tons, representing a year-on-year increase of 10.62%, while sales volume increased by 24.15% to 213,900 tons[78]. - The production capacity of nano lithium iron phosphate has reached 265,000 tons per year, while the company has also established a production capacity of 5,000 tons per year for lithium supplement materials, leading the industry in production scale[75]. Strategic Initiatives - The company plans to focus on product innovation and upgrades, aiming to improve profitability and deliver better returns to shareholders[4]. - The company is considering strategic acquisitions to enhance its product portfolio and market share, with potential targets identified in the semiconductor sector[162]. - A share buyback program was discussed, with plans to repurchase up to 5% of outstanding shares to enhance shareholder value[163]. - The company aims to strengthen internal management and optimize resource allocation to improve operational efficiency[146]. - The company is committed to continuous innovation and the introduction of competitive new products to capture market opportunities and enhance market share[150]. Governance and Compliance - The company continues to comply with all regulatory requirements, maintaining a strong governance framework to protect shareholder interests[164]. - The board of directors has been restructured, now comprising 7 members, including 3 independent directors, to ensure better governance and oversight[164]. - The company has established an independent financial accounting system, ensuring no shared bank accounts with major shareholders[177]. - The company has a robust internal control system, continuously improving governance and ensuring the achievement of operational goals[170]. Financial Management - The company has implemented strict internal controls and approval processes for its hedging operations to ensure compliance with regulations[126]. - The company’s total investment during the reporting period was approximately ¥7.19 billion, a decrease of 44.57% compared to ¥12.96 billion in the same period last year[117]. - The company has ongoing projects with a total investment of ¥1.14 billion, with a cumulative actual investment of ¥4.99 billion[120]. - The company reported a net loss from asset impairment of ¥1,042,448,766.65, which accounted for 47.69% of total profit[110]. Customer Engagement and Market Presence - The company conducted multiple investor communications throughout 2023 to discuss business development and operational performance[155]. - The company reported a significant increase in user data and engagement metrics, reflecting a strong market presence and customer loyalty[157]. - The company is expanding its market presence, with plans to enter three new international markets by the end of 2024[192]. - The company has established partnerships with two leading universities to enhance its R&D capabilities in advanced materials[192].

Investment and Project Progress - The total investment amount for the reporting period was ¥7,185,392,991.64, a decrease of 44.57% compared to ¥12,962,971,948.10 in the same period last year[1] - The annual production capacity for the new phosphate-based positive electrode material project is 110,000 tons, with an investment of ¥356,832,579.36 in the reporting period and a cumulative actual investment of ¥2,550,785,384.34, achieving 94.22% project progress[1] - The annual production capacity for the lithium iron phosphate project is 80,000 tons, with an investment of ¥680,662,395.62 in the reporting period and a cumulative actual investment of ¥1,804,482,587.66, achieving 90.08% project progress[1] - The annual production capacity for the lithium supplement project is 20,000 tons, with an investment of ¥99,940,892.91 in the reporting period and a cumulative actual investment of ¥637,192,633.10, achieving 85.34% project progress[1] - The total amount of committed investment projects is CNY 316,125.65 million, with a cumulative investment of CNY 291,161.29 million, achieving an investment progress of 88.98%[20] - The project for producing 110,000 tons of new phosphate-based cathode materials has a total investment of CNY 230,000 million, with CNY 204,643.63 million invested to date[20] - The company is currently in the construction phase for all major projects, indicating ongoing expansion efforts in the lithium-ion battery materials sector[1] - The company plans to continue its investment strategy focusing on the lithium-ion battery materials manufacturing industry, aiming for increased production capacity and market share[1] Financial Performance - The company's operating revenue for 2023 was CNY 1,697,250.89 million, a decrease of 24.76% compared to 2022[43] - The total operating revenue for 2023 was ¥16,972,508,924.23, a decrease of approximately 24.5% compared to ¥22,557,078,113.42 in 2022[113] - The company reported a net loss of ¥1,981,729,580.82 for 2023, compared to a net profit of ¥2,407,404,727.27 in 2022[117] - The total comprehensive income attributable to the parent company for 2023 was -2,112,836,943.84, compared to 2,151,715,009.12 in 2022, indicating a significant decline[119] - The basic earnings per share for 2023 was -5.87, down from 8.91 in 2022, reflecting a substantial loss[119] - The total profit for 2023 was -148,213,369.27, down from 319,764,633.77 in 2022, reflecting a significant loss[122] Cash Flow and Liquidity - The net cash flow from operating activities for 2023 was 5,993,449,336.77, a recovery from a negative cash flow of -6,135,947,711.77 in 2022[124] - The net cash flow from financing activities for 2023 was -2,888,899,854.49, a decrease from a positive cash flow of 10,741,069,962.75 in 2022[125] - The company's current assets decreased to CNY 9,202,058,604.51 from CNY 18,307,270,456.06, indicating a significant reduction in liquidity[99] - Cash and cash equivalents were reported at CNY 2,863,753,185.05, down from CNY 3,513,218,178.72, reflecting a decline of approximately 18.5%[99] - The company’s cash and cash equivalents decreased significantly, with current assets totaling ¥1,527,349,637.12 compared to ¥4,064,128,495.92 at the beginning of the year[112] - The company reported an asset impairment loss of ¥1.04 billion, accounting for 47.69% of total profit, primarily due to inventory write-downs[184] Research and Development - Research and development expenses increased to ¥552,341,508.31 in 2023, up from ¥432,362,468.12 in 2022, representing a growth of approximately 27.8%[117] - The company plans to enhance R&D capabilities, focusing on new phosphate-based cathode materials and high-performance auxiliary materials to improve energy density and reduce costs[60] - The company is focusing on the research of lithium-ion battery cathode lithium supplementation technology to enhance battery performance, currently in the R&D phase[177] - The development of a new high-performance lithium iron phosphate material aims to enhance energy density and compaction density, currently in the small trial stage[177] - The project on high-efficiency sintering technology for lithium iron phosphate aims to increase production capacity while reducing manufacturing costs[177] Risk Management and Compliance - The company has implemented a risk control system for its hedging operations, including monitoring market conditions and adjusting strategies accordingly[10] - The company emphasizes the importance of internal control and compliance with relevant laws and regulations in its hedging activities[13] - The company has established a comprehensive internal control system to manage risks and ensure the normal operation of business activities[141] - The company is committed to enhancing its corporate governance structure in compliance with relevant laws and regulations[85] Market Strategy and Future Plans - The company aims to become a global leader in new energy material solutions, focusing on phosphate-based cathode materials as the core of its business strategy[58] - The company plans to continue expanding its market presence and developing new technologies[78] - The company aims to mitigate risks associated with the volatility of lithium salt product prices through its hedging activities[13] - The company is closely monitoring industry policy changes to adapt its strategies and maintain competitiveness in the evolving new energy vehicle market[73] Shareholder and Governance - The company has no controlling shareholders or actual controllers, maintaining independence in its operations and governance[143] - The company’s board of directors convened shareholder meetings to ensure shareholders' rights to information and participation were upheld[86] - The company has implemented a long-term incentive mechanism through stock option plans, enhancing employee motivation and aligning interests with shareholders[140] - The company has established a management system for hedging operations, detailing approval authority, organizational structure, and risk management measures[10]

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,892,057,814.82, a decrease of 61.74% compared to ¥4,944,745,935.53 in the same period last year[3] - The net profit attributable to shareholders for Q1 2024 was -¥184,679,966.25, representing an improvement of 74.25% from -¥717,334,775.51 in the previous year[3] - The basic earnings per share for Q1 2024 was -¥0.66, a 74.52% improvement from -¥4.14 in the same period last year[3] - The company reported a net loss of ¥212,614,747.44 for the current period, an improvement from a net loss of ¥907,989,332.91 in the previous period[41] - The total comprehensive loss attributable to the parent company was ¥184,679,966.25, compared to a loss of ¥717,334,775.51 in the previous period[41] - The total comprehensive income for the period attributable to the parent company was -259,198,304.54 CNY, compared to -761,021,237.74 CNY in the previous period, indicating an improvement of approximately 65.98%[61] - Basic and diluted earnings per share for the current period were both -0.66 CNY, compared to -2.59 CNY and -2.56 CNY respectively in the previous period, reflecting a significant reduction in losses[61] Cash Flow - The net cash flow from operating activities was -¥717,743,066.60, which is an 8.38% improvement compared to -¥783,419,218.59 in the same period last year[3] - The net cash flow from investing activities was ¥754,614,121.82, a significant increase of 203.24% from -¥730,915,260.27 in the previous period[27] - Cash inflows from operating activities totaled 622,125,677.41 CNY, down 72.0% from 2,223,297,357.62 CNY in the previous period[61] - The net increase in cash and cash equivalents for the period was -372,406,932.20 CNY, compared to -228,366,584.04 CNY in the previous period, indicating a worsening cash flow situation[64] - The company reported cash received from sales and services of 523,591,786.33 CNY, a decrease of 75.0% from 2,102,585,131.06 CNY in the previous period[61] - Other cash received related to operating activities amounted to 98,533,891.08 CNY, down from 120,712,226.56 CNY in the previous period, a decline of approximately 18.4%[61] Assets and Liabilities - Total assets amounted to ¥19,381,235,660.42, reflecting a decrease of 6.53% from ¥20,734,958,524.59[23] - The equity attributable to shareholders of the listed company was ¥6,854,050,089.20, down 3.79% from ¥7,123,957,269.37[23] - Total liabilities decreased to CNY 10,960,892,567.57 from CNY 12,018,332,973.96, indicating a decline of approximately 8.8%[56] - Cash and cash equivalents decreased to CNY 2,371,061,691.91 from CNY 2,863,753,185.05, a decline of approximately 17.1%[54] - Accounts receivable dropped to CNY 1,689,653,014.13 from CNY 2,282,846,247.42, reflecting a decrease of about 26.0%[54] Operational Costs - The company's operating costs for Q1 2024 were ¥1,891,500,880.18, also down by 61.74% from ¥4,944,378,687.64 in the previous year[9] - The financial expenses decreased by 48.78% to ¥39,265,174.05 from ¥76,659,309.72 in the same period last year[9] - The company reported a significant reduction in asset impairment losses, which decreased by 95.44% to -¥36,988,920.91 from -¥810,881,951.67 in the previous year[9] - Total operating costs amounted to CNY 2,150,116,187.85, down from CNY 5,295,603,524.53, indicating a reduction of about 59.4%[58] Shareholder Information - The total number of common shareholders at the end of the reporting period was 38,715[48] - The largest shareholder, Ji Xuewen, holds 13.93% of shares, amounting to 38,897,664 shares[48] - The second-largest shareholder, Kong Lingyong, holds 13.02% of shares, amounting to 36,346,579 shares[48] Future Plans and Changes - The company plans to repurchase shares with a total amount not less than ¥100 million and not exceeding ¥200 million, with a maximum repurchase price of ¥112.69 per share[32] - The company has implemented new accounting standards starting from 2024, affecting the financial statements[47]

审计报告 深圳市德方纳米科技股份有限公司 容诚审字[2024]518Z0006 号 容诚会计师事务所(特殊普通合伙) 中国·北京 目 录 | 序号 | 内 容 | 页码 | | | --- | --- | --- | --- | | 1 | 审计报告 | 1 - | 7 | | 2 | 合并资产负债表 | 8 | | | 3 | 合并利润表 | 9 | | | 4 | 合并现金流量表 | 10 | | | 5 | 合并所有者权益变动表 | 11 - | 12 | | 6 | 母公司资产负债表 | 13 | | | 7 | 母公司利润表 | 14 | | | 8 | 母公司现金流量表 | 15 | | | 9 | 母公司所有者权益变动表 | 16 - | 17 | | 10 | 财务报表附注 | 18 - | 154 | 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 外经贸大厦 15 层 / 922-926 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.g ...