Dynanonic(SZ:300769)2022-11-09 12:38Group 1: Company Overview - The company is Shenzhen Defang Nano Technology Co., Ltd., with stock code 300769 and abbreviation Defang Nano [1]. - The company has established its administrative headquarters in Shenzhen, Guangdong, and production bases in Foshan, Guangdong; Qujing, Yunnan; Yibin, Sichuan; and Chengdu, Sichuan [2]. Group 2: Project Updates - The 330,000 tons lithium iron phosphate project is currently in the preliminary procedure stage [3]. - The 110,000 tons lithium iron phosphate project officially commenced production at the end of September [3]. Group 3: Product Information - The lithium manganese iron phosphate products are sold to mainstream battery manufacturers, but specific customer information cannot be disclosed due to confidentiality agreements [3]. - Lithium manganese iron phosphate is an upgraded product of lithium iron phosphate, expected to have a higher selling price and gross margin due to its superior energy density and low-temperature performance [3]. Group 4: Market Insights - The company believes that the lithium iron phosphate industry may face structural overcapacity in the future, with high-end capacity being insufficient while mid-to-low-end capacity may be excessive [3]. - The company utilizes a unique liquid-phase method to produce lithium iron phosphate, which provides significant advantages in performance, particularly in cycle life [3]. Group 5: Product Sales and Pricing - The company's lithium manganese iron phosphate and lithium supplement agent products are sold separately, with the former already demonstrating excellent performance on its own [4]. - The lithium supplement agent's production capacity of 5,000 tons is expected to be released in the first quarter of the following year, but market pricing is not disclosed at this stage [4].