Dcenti(SH:603335) Jin Rong Jie·2025-09-10 01:57Core Viewpoint - The company is undergoing significant structural changes and strategic focus towards lithium battery recycling and related sectors, which are expected to enhance its market position and operational efficiency. Group 1: Strategic Changes - The company has transferred 76.80% equity of its subsidiary, Green Food Company, and subscribed to shares of New Farmers Company, focusing on the core business of lithium battery recycling, which is linked to the power battery recycling theme [2] - The cancellation of the supervisory board and the delegation of its powers to the audit committee of the board aims to optimize the governance structure in line with new company law requirements, enhancing operational efficiency [2] - The company plans to jointly invest with an environmental enterprise to establish a metal resource company, expanding its recycling industry chain in new energy materials, which is related to the automotive parts and resource recycling industry [2] - The shareholders' meeting approved an organizational restructuring plan to strengthen the strategic layout of the lithium battery new materials sector, aligning with policy support for the new energy vehicle industry chain [2] Group 2: Business Focus and Performance - After divesting from non-core green food business, the company is concentrating resources on tire exports and lithium battery recycling, benefiting from automotive parts export policies and accelerated industrialization of battery recycling technology [2] - The company holds a 20.20% stake in New Farmers Agricultural Technology Group, creating industrial synergy and extending its layout in upstream resources for new energy materials, which is associated with automotive lightweighting and green manufacturing themes [2] - The tire production line has resumed operations after relocation, coupled with the growing demand for aluminum alloy wheels in new energy vehicles, promoting deep integration of the main business with the new energy vehicle industry chain [2] - The company has been approved to supply new environmentally friendly tires to new energy vehicle manufacturers and has passed international certification, enhancing its competitiveness in overseas markets, which is part of the automotive parts export revitalization theme [2] Group 3: Technical and Financial Aspects - The metal recovery rate of the power battery recycling business has reached 97%, gaining industry recognition and highlighting the company's technical advantages, thereby strengthening its core competitiveness in the new energy vehicle aftermarket [3] - The company is adjusting its capital structure to focus on high-growth areas, divesting loss-making businesses to improve asset quality, which aligns with the industry trend of transformation and upgrading for new energy chain enterprises [3] - The company is primarily involved in sectors such as power battery recycling, new energy vehicle parts, automotive lightweighting, integrated die-casting, and corporate governance [4]