Dynanonic(SZ:300769)2022-11-03 23:22Group 1: Financial Performance - In the first three quarters of 2022, the company achieved operating revenue of 14.416 billion CNY, a year-on-year increase of 519.79% [2] - The net profit attributable to shareholders reached 1.828 billion CNY, up 628.20% compared to the same period last year [2] - The net profit after deducting non-recurring gains and losses was 1.777 billion CNY, reflecting a growth of 681.01% year-on-year [2] Group 2: Production Capacity - The company’s lithium iron phosphate production capacity reached 265,000 tons/year after the successful launch of the project in Q2 2022 [3] - The new phosphate manganese lithium production base, with an annual capacity of 110,000 tons, was completed and put into operation in September 2022, marking the largest single production capacity in the world for this material [3] - Additional projects, including an 80,000 tons/year lithium iron phosphate project and a 20,000 tons/year lithium supplement project, are expected to commence production in Q1 2023 [3][4] Group 3: Research and Development - The company invested 335.94 million CNY in R&D in the first three quarters of 2022, representing a year-on-year increase of 288.97% [3] - A total of 93 patents were applied for, with 28 patents granted, maintaining a leading position in the phosphate-based cathode material industry [3] Group 4: Supply Chain and Strategic Initiatives - The company is enhancing its upstream supply chain through joint ventures with suppliers and has invested in lithium mining resources [3][5] - As a cornerstone investor, the company participated in Tianqi Lithium's IPO, securing a stable supply of lithium resources [5] - The company has established a strategy to maintain a stable supply chain and mitigate the impact of raw material price fluctuations [5] Group 5: Product Performance and Market Position - The company’s lithium supplement product significantly enhances the cycle performance and energy density of lithium-ion batteries, with a 2% addition improving energy density by approximately 5% [5] - The company’s lithium iron phosphate products have a competitive advantage in the overseas energy storage market due to their superior cycle life [4][5]