Dowstone(SZ:300409) Chang Jiang Shang Bao·2025-07-06 22:36Core Viewpoint - Daoshi Technology is making a significant overseas investment of approximately 1.183 billion yuan to establish a copper wet smelting plant in the Democratic Republic of the Congo, aimed at expanding production capacity and securing resource supply [1][2][3]. Investment and Expansion - The company plans to invest in a project that will produce 30,000 tons of cathode copper and 2,710 tons of cobalt intermediates, with a project cycle of 18 months [2][3]. - This investment is part of Daoshi Technology's long-term strategic layout in the Congo, a region rich in copper and cobalt resources, which will enhance the stability and security of raw material supply [2][3]. Production Capacity and Growth - Daoshi Technology's cathode copper production is projected to reach 40,900 tons in 2024, representing a year-on-year increase of approximately 32%, marking a historical high [1][3]. - The company is also expected to produce 1,743 tons of cobalt intermediates in 2024, with a year-on-year growth of about 227% [3]. Financial Performance - In 2024, Daoshi Technology reported a revenue of 7.752 billion yuan, a year-on-year increase of 6.25%, and a net profit of 157 million yuan, up 662.33%, ending two consecutive years of profit decline [5]. - The company has seen a significant increase in overseas market revenue, which grew 3.82 times over the past three years, with the revenue share rising from 16.13% to 65.8% [6]. Research and Development - Daoshi Technology has invested over 1.228 billion yuan in R&D from 2020 to 2024, resulting in accelerated technology transformation [6]. - As of the end of 2024, the company holds 64 patents in carbon materials, 222 in lithium battery materials, and 104 in ceramic materials [6].