德方纳米(300769) - 2024年6月6日投资者关系活动记录表

Group 1: Company Overview and Production Capacity - The company currently has a lithium iron phosphate production capacity of 265,000 tons per year, manganese lithium phosphate capacity of 110,000 tons per year, and lithium supplement capacity of 5,000 tons per year. The manganese lithium phosphate production line can also produce lithium iron phosphate [2]. - The company's inventory is dynamically adjusted based on order plans and fluctuations in lithium carbonate prices, currently maintaining a low inventory level [2]. Group 2: Strategic Initiatives and Partnerships - The company has established a new energy industry fund to explore lithium mine resources in Sichuan and has formed joint ventures with suppliers to secure raw materials and equipment, thereby reducing costs [3]. - The Shenshan cooperation zone project is in the preliminary preparation stage, leveraging location, green energy, and industrial chain advantages to enhance the company's competitive strength [3]. Group 3: Product Development and Market Position - The company focuses on lithium-ion battery core materials, with a commitment to technological innovation and a comprehensive product development system, having developed several core technologies [4]. - In 2023, the company's largest customer is CATL, accounting for 51.90% of total sales, indicating a high customer concentration [4]. Group 4: Industry Trends and Company Strategy - The company anticipates short-term structural and phase capacity surplus risks in the industry due to supply-demand mismatches, but long-term growth is expected driven by the electrification of transportation and clean energy [4]. - To address intense industry competition, the company emphasizes technological innovation, cost reduction, and continuous product upgrades to enhance profitability and maintain a competitive edge [4]. Group 5: Financial Performance - The improvement in cash flow for 2023 is attributed to increased collection and discounting of bank acceptance bills, along with a decrease in raw material procurement costs. Future cash flow is expected to continue improving with operational performance [5].