Core Viewpoint - Daoshi Technology is a leading domestic supplier of ceramic materials with a focus on new energy materials, showcasing its technological and industrial chain advantages [1] Group 1: Business Overview - Daoshi Technology was established on September 21, 2007, and listed on the Shenzhen Stock Exchange on December 3, 2014 [1] - The company primarily produces and sells glazed materials for building ceramics, along with providing related technical services and product design [1] - The main business segments include ceramic materials, lithium battery materials, and carbon materials, with significant involvement in the new energy materials sector [1] Group 2: Financial Performance - For Q3 2025, Daoshi Technology reported a total revenue of 6.001 billion yuan, ranking 17th in the industry, which is below the industry leader Zhongwei Co. at 33.297 billion yuan and the second-ranked Greenmei at 27.498 billion yuan [2] - The net profit for the same period was 447 million yuan, ranking 12th in the industry, lower than the top two competitors but higher than the industry average of 198 million yuan [2] - The revenue composition includes 1.734 billion yuan from other segments (47.44%), 1.268 billion yuan from lithium battery materials (34.70%), 329 million yuan from carbon materials (9.00%), and 323 million yuan from ceramic materials (8.85%) [2] Group 3: Financial Ratios - As of Q3 2025, Daoshi Technology's debt-to-asset ratio was 38.57%, a decrease from 53.83% year-on-year and below the industry average of 51.96% [3] - The gross profit margin for the same period was 21.25%, an increase from 17.89% year-on-year and above the industry average of 10.89% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 13.97% to 84,500, with an average holding of 8,137 shares, a decrease of 12.26% [5] - The top circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with notable changes in their holdings [5] Group 5: Management Compensation - The chairman, Rong Jihua, received a salary of 1.4183 million yuan in 2024, a decrease of 273,000 yuan from 2023 [4] - The general manager, Zhang Yi, received a salary of 981,800 yuan in 2024, an increase of 101,700 yuan from 2023 [4] Group 6: Market Outlook - According to招商证券, Daoshi Technology's Q3 2025 performance met expectations, with total revenue of 2.347 billion yuan, a year-on-year increase of 18.84%, and a net profit of 185 million yuan, a year-on-year increase of 408.27% [6] - The company is expanding its overseas copper-cobalt resource production and focusing on solid-state battery materials, with plans for significant production capacity increases in the coming years [6]

Core Viewpoint - The Carbontech2025 International Carbon Materials Conference and Exhibition will be held from December 9-11, 2025, in Shanghai, focusing on "Material Innovation Driving Industrial Transformation" and covering the entire carbon materials industry chain [2]. Event Overview - The event will feature a high-end communication and cooperation platform, including specialized pavilions for semiconductor carbon materials and energy equipment carbon materials, showcasing breakthroughs in applications such as electronics, power semiconductors, and strategic fields like wind power and hydrogen storage [2]. - The conference will also include an application-oriented forum discussing cutting-edge developments in carbon materials across various sectors, including ultra-precision processing, semiconductors, cultivated diamonds, eVTOL, smart robotics, and new energy vehicles [2]. Organizational Structure - The conference is organized by DT New Materials, with support from various institutions and associations, including the Chinese Academy of Engineering and several universities and research centers [3]. Schedule Highlights - The event will consist of an opening ceremony, three major thematic conferences, and seven special activities, addressing key industry topics such as material preparation processes, equipment technology updates, product innovation applications, and investment opportunities [5]. - Specific sessions will focus on diamond applications, ultra-precision processing, and carbon fiber high-end equipment manufacturing, with participation from industry experts and leaders [4][5]. Special Features - Carbontech2025 will include dedicated areas for product displays, new product launches, and research achievements, aimed at facilitating collaboration between academia and industry [35][39]. - The event aims to break down information barriers and promote deep cooperation among upstream and downstream enterprises in the carbon materials industry, fostering efficient and sustainable development [36].

Core Insights - Dao's Technology experienced a stock price decline of 1.28% on October 22, with a trading volume of 657 million yuan [1] - The company reported a net profit increase of 182.45% year-on-year for the first nine months of 2025, despite a slight revenue decrease of 1.79% [2] Financing and Trading Activity - On October 22, Dao's Technology had a financing buy amount of 111 million yuan and a financing repayment of 127 million yuan, resulting in a net financing outflow of 16.86 million yuan [1] - The total financing and securities lending balance for Dao's Technology reached 1.765 billion yuan, with financing balance accounting for 9.78% of the circulating market value, indicating a high level of financing [1] - The company had a securities lending balance of 1.1299 million yuan, which is below the 20th percentile level over the past year, indicating a low level of short selling activity [1] Shareholder and Dividend Information - As of September 30, Dao's Technology had 84,500 shareholders, an increase of 13.97% from the previous period, while the average number of circulating shares per shareholder decreased by 12.26% [2] - The company has distributed a total of 678 million yuan in dividends since its A-share listing, with 385 million yuan distributed in the last three years [3] - Major shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 3.0757 million shares, and new shareholder China Aviation New Start Flexible Allocation Mixed A [3]

Core Insights - Dao's Technology experienced a stock price increase of 1.01% on October 20, with a trading volume of 1.05 billion yuan [1] - The company reported a net profit growth of 182.45% year-on-year for the first nine months of 2025, despite a slight revenue decline of 1.79% [2] Financing and Trading Activity - On October 20, Dao's Technology had a financing buy amount of 126 million yuan and a financing repayment of 125 million yuan, resulting in a net financing purchase of 487,500 yuan [1] - The total financing and securities lending balance for Dao's Technology reached 1.777 billion yuan, with financing balance accounting for 9.83% of the circulating market value, indicating a high level of financing activity [1] - The company had a securities lending repayment of 135,600 shares and a securities lending sell of 2,400 shares on the same day, with a remaining securities lending balance of 125,610 yuan, which is below the 20th percentile level over the past year [1] Shareholder and Institutional Holdings - As of September 30, 2025, Dao's Technology had 84,500 shareholders, an increase of 13.97% from the previous period, while the average number of circulating shares per shareholder decreased by 12.26% to 8,137 shares [2] - The company has distributed a total of 678 million yuan in dividends since its A-share listing, with 385 million yuan distributed in the last three years [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third largest, holding 10.1768 million shares, an increase of 3.0757 million shares from the previous period [3]

Core Viewpoint - The company is focusing on the application of carbon materials in humanoid robots, particularly in the development and market expansion of key components such as electronic muscles, electronic skin, and joints [1] Group 1: Company Strategy - The company is strategically investing in strong brain technology and other firms to enhance the application of carbon materials in sensors and electronic skin [1] - Collaborations with companies like Nengsida are aimed at accelerating the application process of carbon materials in key components [1] Group 2: Product Development - The application of carbon materials in key component formulations is expected to improve product performance and drive the adoption of humanoid robots with superior capabilities [1]

格隆汇10月17日丨道氏技术(300409.SZ)在投资者互动平台表示，公司在人形机器人领域的布局以碳材 料应用为核心，围绕人形机器人电子肌肉、电子皮肤和关节等关键零部件所需材料的研发与市场拓展， 将碳材料应用于人形机器人部分关键零部件材料配方中，提升产品性能，推动具备更优性能的人形机器 人部分关键零部件的应用。目前，公司通过战略投资强脑科技、他山科技，以及与能斯达建立战略合作 等动作，有助于推进公司碳材料在传感器、电子皮肤等关键零部件的应用进程，推动技术落地效率提 升。 ...

Group 1: Company Performance - Jining Mining achieved operating revenue of 1.247 billion yuan in the first three quarters of the year, a year-on-year increase of 12.98%, and a net profit attributable to shareholders of 220 million yuan, up 47.09% [1] - Daoshi Technology reported operating revenue of 6.001 billion yuan, a year-on-year decrease of 1.79%, but a net profit attributable to shareholders of 415 million yuan, an increase of 182.45% [1] - In Q3, Daoshi Technology's operating revenue was 2.347 billion yuan, a year-on-year increase of 18.84%, with a net profit of 185 million yuan, up 408.27% [1] Group 2: Strategic Developments - Jining Mining's new board and management have established a "three transformations" strategy, shifting from a pure iron ore producer to a comprehensive mineral resource service provider, focusing on profitability rather than just cost, and adopting a dual-driven model of production and capital operation [2] - The strategic upgrade of Jining Mining is seen as adaptive to the current challenges in the iron ore industry, including high inventory and low prices, enhancing resource allocation and market competitiveness [2] - Daoshi Technology has diversified its business from a single ceramic material focus to a multi-faceted approach including carbon materials, lithium battery materials, and strategic resources, with a clear direction towards "AI + materials" [2] Group 3: Market Expansion - Daoshi Technology's investment in the brain-computer interface sector is expected to accelerate the development and market expansion of its carbon material products in key areas such as humanoid robot electronic skin [3]

Group 1 - The core point of the news is the decline in the stock price of Dao Shi Technology, which fell by 5.16% to 24.82 CNY per share, with a trading volume of 1.563 billion CNY and a turnover rate of 8.98%, resulting in a total market capitalization of 19.415 billion CNY [1] - Dao Shi Technology, established on September 21, 2007, and listed on December 3, 2014, is based in Foshan, Guangdong Province. The company specializes in the production and sales of building ceramic glaze materials, along with providing related technical services and product design, commercial factoring, and new energy materials [1] - The revenue composition of Dao Shi Technology includes: Other 47.44%, Lithium battery materials 34.70%, Carbon materials 9.00%, and Ceramic materials 8.85% [1] Group 2 - From the perspective of major holdings, one fund under Zhongyou Fund has a significant position in Dao Shi Technology. The Zhongyou Absolute Return Strategy Regular Open Mixed Fund (002224) held 50,000 shares in the second quarter, accounting for 1.88% of the fund's net value, making it the largest holding [2] - The estimated floating loss for the fund today is approximately 67,500 CNY [2] - The Zhongyou Absolute Return Strategy Regular Open Mixed Fund (002224) was established on December 30, 2015, with a latest scale of 45.0702 million CNY. Year-to-date return is 15.09%, ranking 5056 out of 8255 in its category; the one-year return is 11.41%, ranking 6823 out of 8060; and the return since inception is 4.5% [2]

Core Viewpoint - The company, Daoshitechnology, emphasizes its competitive advantage in multi-sector layout and customer integration, particularly in its carbon materials and lithium battery materials segments, which cater primarily to battery cell manufacturers [1] Group 1: Customer Integration and Product Demand - The company highlights that existing customers in its carbon materials and lithium battery materials sectors often have potential needs for other products offered by the company, such as single-walled carbon nanotubes and electrolyte materials [1] - The trust and cooperation established with existing clients significantly reduce the time and cost associated with introducing and developing new products for these customers [1] Group 2: AI and Material Development - The company is integrating "AI + materials" by leveraging its stake in Chip Peisen's APU chips to provide computational support for material research and development for downstream clients [1] - This dual value proposition of "material supply + R&D empowerment" is expected to deepen collaboration and binding with clients, enhancing overall business relationships [1]

Group 1 - The core viewpoint of the news is the performance and financial metrics of Daoshi Technology, which saw a stock price increase of 5.02% to 26.78 CNY per share, with a trading volume of 1.692 billion CNY and a turnover rate of 9.53%, resulting in a total market capitalization of 20.949 billion CNY [1] - Daoshi Technology, established on September 21, 2007, and listed on December 3, 2014, is primarily engaged in the production and sales of building ceramic glaze materials, along with providing related technical services and product design, commercial factoring, and new energy materials [1] - The revenue composition of Daoshi Technology includes: Other 47.44%, Lithium battery materials 34.70%, Carbon materials 9.00%, and Ceramic materials 8.85% [1] Group 2 - From the perspective of fund holdings, Daoshi Technology is a significant investment for the Zhonghai Fund, with the Zhonghai Energy Strategy Mixed Fund (398021) holding 1.1876 million shares, representing 2.6% of the fund's net value, ranking as the tenth largest holding [2] - The Zhonghai Energy Strategy Mixed Fund (398021) has a total scale of 777 million CNY and has achieved a year-to-date return of 30.73%, ranking 2110 out of 8175 in its category, with a one-year return of 28.63%, ranking 5103 out of 7982 [2]