Report Overview - Date: August 28, 2025 [2] - Researcher: Zhang Ping, Yu Feifei, Peng Jinglin [3] - Report Type: Carbonate Lithium Futures Daily Report [1] Industry Investment Rating - Not provided Core View - The short - term carbonate lithium futures are expected to stop falling and recover, with attention on the 77,000 support level. The current high supply pressure persists, but the inventory inflection point is looming as the downstream peak season approaches and social inventories have been decreasing for two weeks [9]. Summary by Section 1. Market Review and Operation Suggestion - Market performance: Carbonate lithium first rose and then fell. The main contract of carbonate lithium futures once rose above 81,000 due to market speculation about the suspension of Yifeng mines, but then declined as market risk preference dropped in the afternoon. Total trading volume increased while total open interest decreased, indicating a strong sentiment of capital leaving the market [9]. - Spot and futures: The spot price of electric - carbon decreased by 100 to 81,600. The spot premium over the 09 contract was 2,540, slightly higher than the previous day. As the 09 contract approaches the delivery month, the futures and spot prices are expected to converge [9]. - Raw material prices and production profits: The prices of Australian ore and lithium mica ore remained flat. The production profit of salt plants using purchased lithium spodumene narrowed to 1,988, and the production loss of salt plants using purchased lithium mica widened to 2,946. Despite this, salt - plant production enthusiasm remains high, and high supply pressure persists [9]. - Downstream product prices: The price of 5 - series power ternary materials remained flat, while the price of lithium iron phosphate decreased by 30. The upstream and downstream of the industrial chain showed resistance to price drops [9]. 2. Industry News - Energy innovation achievements: During the "High - quality Completion of the 14th Five - Year Plan" press conference, the National Energy Administration stated that during the 14th Five - Year Plan, new energy patents accounted for over 40% globally, and new energy technologies set new world records. New energy models and formats are booming, and new tracks are emerging, becoming an important source of new - quality productivity development [12]. - Company development: Del股份 is deeply involved in oxide solid - state battery technology, has built a sample trial - production line in Shanghai, and is accelerating the construction of a pilot line in Huzhou. Its products have obtained international certification, and it is promoting cooperation with automobile manufacturers and the implementation of diversified application scenarios [12]

Group 1 - The company, Del Shares, announced on August 28 that it will provide a guarantee for its wholly-owned subsidiary, Shenzhen Southern Del Automotive Electronics Co., Ltd. [1] - After this guarantee, the total amount of guarantees provided by the company and its wholly-owned subsidiaries over the past twelve months will reach RMB 256 million, which accounts for 16.44% of the company's most recent audited net assets and 6.92% of the company's most recent audited total assets [1]

Group 1 - The company reported a revenue of 2.441 billion yuan for the first half of 2025, representing a year-on-year growth of 6.72% [1] - The net profit attributable to shareholders of the listed company was 50.8706 million yuan, showing a significant year-on-year increase of 178.09% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 48.5602 million yuan, with a year-on-year growth of 215.47% [1] - The basic earnings per share were 0.3370 yuan [1]

Gas Sector - Jiufeng Energy is providing special gas products to support low-orbit satellite launch missions [1] Metals Sector - Shengda Resources reports that the gold and silver concentrate produced by Jingshan Mining in the first half of the year will begin gradual sales in the third quarter [1] Liquid Cooling Sector - Wanma Technology is still in the development phase of liquid-cooled server cabinets for the communication industry [1] - Sulian Co., Ltd. is currently in a confidential stage regarding its cooperation with clients in the liquid cooling industry [1] Other Developments - Kangda New Materials has a subsidiary whose products are applied in the Tiangong-1 and Shenzhou-9 missions [1] - Zhejiang Zhenyuan's S1 production line for histidine products is scheduled to officially start production at the end of August [1] - Del Co., Ltd. has technical reserves related to hydrogen refueling machines and membrane electrodes [1] - Tuobang Co., Ltd. has established close cooperation with leading clients in humanoid robots for its hollow cup motors and components, and has received bulk orders [1]

Group 1 - The core point of the article is that Del's shares (300473) announced on the evening of August 27 that the company and its subsidiaries have no other external guarantees, no overdue guarantees, and no amounts related to guarantees involved in litigation or losses due to being judged against [1] Group 2 - The announcement emphasizes the financial stability of the company by confirming the absence of external guarantees and overdue guarantees [1] - The company reassures investors by stating there are no litigation-related guarantee amounts or losses due to adverse judgments [1]

Core Viewpoint - Del Shares (300473.SZ) reported a revenue of 2.441 billion yuan for the first half of 2025, reflecting a year-on-year growth of 6.72% [1] - The net profit attributable to shareholders reached 50.87 million yuan, marking a significant year-on-year increase of 178.09% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 48.56 million yuan, showing a year-on-year growth of 215.47% [1] - Basic earnings per share stood at 0.337 yuan [1]

Core Viewpoint - The company, Del Corporation, emphasizes the high safety and thermal stability of its solid-state batteries, which utilize an oxide electrolyte route [2] Group 1: Safety Features - The solid-state batteries have passed various safety tests, including puncture, heating, and overcharging tests [2] - The batteries have also received UN38.3 certification, confirming their stability and safety during maritime and air transport [2] Group 2: Thermal Performance - The solid-state batteries can operate continuously under high-temperature conditions due to natural heat dissipation [2] - The manufacturing process of the solid-state batteries employs a mature coating technology, which is simple and conducive to mass production [2]

阜新德尔汽车部件股份有限公司（以下简称"公司"）于2025年8月26日召开 第五届董事会第十二次会议，审议通过了《关于公司2025年半年度报告及其摘要 的议案》。 为使投资者全面了解公司2025年半年度的经营成果、财务状况及未来发展规 划，公司《2025年半年度报告》《2025年半年度报告摘要》于2025年8月28日在中 国证监会指定的创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn） 上披露，敬请投资者注意查阅。 特此公告。 证券代码：300473 证券简称：德尔股份 公告编号：2025-063 阜新德尔汽车部件股份有限公司 2025年半年度报告披露提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 阜新德尔汽车部件股份有限公司 董 事 会 2025年8月28日 ...

阜新德尔汽车部件股份有限公司 | 其他关联方及其附属企 | 无 | 无 | 无 | 无 | 无 | 无 | | 无 | 无 | 无 | 不适用 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 业 | | | | | | | | | | | | | 总计 | | | | 1,019.37 | 1,891.27 | | - | (1,983.02) | 927.62 | | | 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 单位：人民币万元 | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公 | 上市公司核算 | 年期初 2025 | 年 月占 2025 1-6 | 2025年1-6月占 | 年 月 2025 1-6 | 年 月 2025 6 30 | 日 占用形成 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 司的关联关系 | 的会计科目 | 占用资金余额 | ...

2025 年半年度募集资金存放与实际使用情况专项报告 阜新德尔汽车部件股份有限公司 阜新德尔汽车部件股份有限公司 2025 年半年度募集资金存放与实际使用情况专项报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、募集资金基本情况 根据中国证券监督管理委员会于 2022 年 7 月 28 日签发的证监许可〔2022〕 1661 号文《关于同意阜新德尔汽车部件股份有限公司向特定对象发行股票注册 的批复》，本公司获准向特定对象发行 15,527,950 股人民币普通股(A 股)，每股 发行价格为人民币 16.10 元，股款以人民币缴足，募集资金总额共计人民币 249,999,995.00 元，扣除承销及保荐费、会计师费，律师费以及其他发行费用共 计人民币 9,210,790.88 元(不含增值税)后，实际募集资金净额共计人民币 240,789,204.12 元。上述资金于 2022 年 8 月 8 日到位，业经普华永道中天会计 师事务所(特殊普通合伙)予以验证并出具普华永道中天验字(2022)第 0570 号验 资报告。 二、募集资金管理情况 为规范募集资金 ...