证券代码：300769 证券简称：德方纳米 公告编号：2024-078 深圳市德方纳米科技股份有限公司 关于持股 5%以上股东部分股份质押及解质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别风险提示： 深圳市德方纳米科技股份有限公司（以下简称"公司"）第一大股东吉学文 先生质押股份数量（含本次）占其所持公司股份数量比例超过 80%。敬请投资者 注意相关风险。 公司近日接到公司持股 5%以上股东吉学文先生的通知，获悉吉学文先生将 其所持有的公司部分股份办理了质押及解质押手续，具体事项如下： | 股东 | 是否为控股 股东或第一 | 本次质押 数量 | 占其所持 | 占公司总 | 是否为 | 是否为补 | 质押起始 | 质押到期 | 质权人 | 质押用 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 | （股） | 股份比例 | 股本比例 | 限售股 | 充质押 | 日 | 日 | | 途 | | | 一致行动人 | | | | | ...

Investment Rating - The report downgrades the company's rating to "Overweight" due to intensified competition and the significant decline in lithium iron phosphate prices [2] Core Views - The company's H1 2024 revenue was RMB 4.341 billion, a year-on-year decrease of 51.18%, with a net loss of RMB 516 million, a reduction of 50.59% compared to the same period last year [1] - Q2 2024 revenue was RMB 2.449 billion, a year-on-year decrease of 37.97%, with a net loss of RMB 331 million, and a gross margin of -3.57% [1] - The company's losses in H1 2024 were mainly due to a significant drop in lithium prices, intensified market competition, and reduced product prices, leading to lower gross margins [1] - The company's phosphate-based cathode material sales volume in H1 2024 was 105,800 tons, a year-on-year increase of 13.28%, with revenue of RMB 4.25 billion, a year-on-year decrease of 52.13%, and an average product price of RMB 40,200 per ton, a year-on-year decrease of 57.74% [1] - The company's current phosphate-based cathode material production capacity is 300,000 tons/year, with an under-construction capacity of 149,000 tons/year, and a capacity utilization rate of 75% in H1 2024 [1] - The commercialization of lithium manganese iron phosphate is accelerating, with several new models equipped with this technology launched in 2024, and the company's lithium supplement agent projects are progressing smoothly, expected to contribute to profits in the second half of the year [1] Financial Performance - The company's revenue in 2022 was RMB 22.557 billion, with a net profit of RMB 2.38 billion, and an EPS of RMB 13.70 [3] - In 2023, the company's revenue was RMB 16.973 billion, with a net loss of RMB 1.636 billion, and an EPS of -RMB 5.86 [3] - For 2024E, the company's revenue is projected to be RMB 9.158 billion, with a net loss of RMB 369 million, and an EPS of -RMB 1.32 [3] - For 2025E, the company's revenue is projected to be RMB 10.979 billion, with a net profit of RMB 251 million, and an EPS of RMB 0.90 [3] - For 2026E, the company's revenue is projected to be RMB 12.832 billion, with a net profit of RMB 434 million, and an EPS of RMB 1.55 [3] Valuation and Profit Forecast - The report lowers the net profit forecast for 2024-2025 to -RMB 369 million and RMB 251 million, respectively, and adds a 2026 net profit forecast of RMB 434 million, with corresponding P/E ratios of NA, 27X, and 16X [2] - The company's capacity scale is leading in the industry, and it is expected to turn a profit next year as the industry cycle reaches an inflection point [2] Market Data - The company's total market capitalization is RMB 6.7 billion, with a total share capital of 280 million shares [4] - The stock's price range over the past year was between RMB 22.26 and RMB 99.50, with a 3-month turnover rate of 188.54% [4] Industry and Company Rating System - The rating system includes "Buy," "Overweight," "Neutral," "Underweight," and "Sell," with "Overweight" indicating a 5% to 15% higher return than the market benchmark index over the next 6-12 months [8]

证券研究报告·公司点评报告·电池 德方纳米（300769） 2024 年中报业绩点评：Q2 单位亏损扩大，加 工费已触底 2024 年 08 月 31 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|----------|------------|----------|--------|--------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 22557 | 16973 | 9369 | 11039 | 15516 | | 同比（ % ） | 355.30 | (24.76) | (44.80) | 17.82 | 40.56 | | 归母净利润（百万元） | 2,380.20 | (1,636.24) | (710.56) | 208.52 | 577.35 | | 同比（ % ） | 188.36 | (168.74) | 56.57 | 129.35 | 176.88 | | ...

德方纳米（300769.SZ）2024 年半年报点评 短期业绩承压，布局前沿新品静待花开 2024 年 08 月 30 日 [盈利预测与财务指标 Table_Forcast] ➢ 事件。2024 年 8 月 29 日公司发布 2024 年半年报，公司上半年实现营业 收入 43.41 亿元，同比-51.18%；归母净利润为-5.16 亿元，同比+50.59%；扣 非后净利润为-5.35 亿元，同比+50.20%。 ➢ 上半年业绩承压。量的方面，2024H1 公司磷酸盐系正极材料产量 11.55 万 吨，同比增长 31.23%，销量 10.58 万吨，同比增长 13.28%，取得了稳健增长。 公司在佛山市、曲靖市、宜宾市等地均拥有生产基地，生产规模和供货能力处于 行业前列。利的方面，2024H1 公司仍处于亏损状态，但是同比实现大幅收窄， 亏损主要原因在于 1）原材料价格波动：上半年碳酸锂价格仍处于下行通道；2） 竞争激烈：行业供需错配下，同业竞争阶段性加剧，公司产品售价同比下降，产 品毛利降低。展望未来，新能源汽车仍维持高景气，公司产品的持续迭代和内部 精细化降本有望形成共振，业绩有望进一步回暖。 ➢ 锰铁锂构 ...

截至 2024 年 6 月 30 日止，公司募集资金使用情况如下： 证券代码：300769 证券简称：德方纳米 公告编号：2024-074 深圳市德方纳米科技股份有限公司 2024 年半年度募集资金存放与使用情况的专项报告 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集 资金管理和使用的监管要求》、深圳证券交易所《深圳证券交易所上市公司自律 监管指引第 2 号——创业板上市公司规范运作》及《深圳证券交易所创业板上市 公司自律监管指南第 2 号——公告格式》的规定，深圳市德方纳米科技股份有限 公司（以下简称"公司"）将 2024 年半年度募集资金存放与使用情况说明如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 经中国证券监督管理委员会《关于同意德方纳米科技股份有限公司向特定对 象发行股票注册的批复》（证监许可〔2022〕620 号）文核准，公司向特定投资 者发行人民币普通股股票 12,549,019 股，每股面值 1 元，发行价格为 255.00 元/ 股，募集资金总额为 3,199,999,845.00 元，扣除与发行有关的费用人民币 38,743,340.33 元 ...

深圳市德方纳米科技股份有限公司（以下简称"公司"）于2024年8月30日 在巨潮资讯网（http://www.cninfo.com.cn）上披露了《2024年半年度报告》及《2024 年半年度报告摘要》。为了便于广大投资者进一步了解公司2024年半年度经营情 况，公司定于2024年8月30日（星期五）通过"价值在线"（www.ir-online.cn） 举办2024年半年度网上业绩说明会。现将具体情况公告如下： 一、 本次业绩说明会召开的时间、地点和方式 证券代码：300769 证券简称：德方纳米 公告编号：2024-077 深圳市德方纳米科技股份有限公司 关于举办 2024 年半年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 三、 投资者参与方式 投资者可于 2024 年 8 月 30 日 （ 星 期 五 ） 15:00-16:00 通过网址 https://eseb.cn/1hl3KKtk5Py或使用微信扫描下方小程序码即可进入参与互动交流。 投资者可于2024年8月30日前进行会前提问，公司将通过本次业绩说明会，在信 息披露允许 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2024, with total revenue reaching RMB 1.2 billion, representing a year-on-year growth of 25%[5]. - The company's operating revenue for the first half of 2024 was ¥4,340,814,158.84, a decrease of 51.18% compared to the same period last year[10]. - The net loss attributable to shareholders was ¥515,815,897.31, representing a 50.59% improvement from a net loss of ¥1,043,870,795.58 in the previous year[10]. - The gross margin for the first half of 2024 was reported at 35%, a slight increase from 32% in the same period last year[5]. - The company reported a net operating loss of CNY -667,649,239.80 for the first half of 2024, an improvement from a loss of CNY -1,490,527,780.97 in the same period of 2023[167]. - The total comprehensive income attributable to the parent company for the first half of 2024 was CNY -810.61 million, compared to CNY -1.26 billion in the first half of 2023, showing a 35.7% improvement[168]. - The company's financial performance indicates a need for strategic adjustments to improve profitability and equity stability moving forward[182]. Market Outlook and Growth Strategy - The company has provided a positive outlook for the second half of 2024, projecting a revenue growth of 20% to 30% based on current market trends and demand[5]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2025[5]. - The rapid growth of the new energy vehicle industry has created more development opportunities, with the market penetration of lithium iron phosphate batteries increasing due to their cost-effectiveness and safety[27]. - By 2030, global lithium battery capacity demand is expected to reach 7 TWh, driven by the growing market for electric vehicles and energy storage[18]. - The company plans to enhance its supply chain management and establish stable supplier relationships to mitigate raw material price fluctuations[69]. - The company aims to continuously launch competitive new products and accelerate the marketization process of these products to cultivate new business growth points[70]. Research and Development - New product development includes the launch of a next-generation lithium-ion battery, expected to improve energy density by 15%[5]. - The company plans to invest RMB 200 million in new technology research and development over the next two years[5]. - The company emphasizes a research and development model focused on innovation and collaboration, with a dedicated lithium power research institute for product and process development[23]. - As of June 30, 2024, the company has applied for a total of 719 patents, including 690 invention patents, showcasing its strong R&D capabilities[31]. - The company has launched new models of nano lithium iron phosphate products with high energy density and long cycle life, targeting both power and energy storage applications[20]. - The company is committed to upgrading and iterating the performance of cathode materials and high-performance auxiliary materials[70]. Environmental Compliance and Sustainability - The company strictly adheres to various environmental protection laws and standards during its operations[80]. - The company has implemented measures to reduce carbon emissions, including ISO14064 greenhouse gas verification and ISO14067 product carbon footprint verification, to guide future carbon reduction efforts[89]. - The company invested a total of 15.04 million yuan in environmental governance and protection during the reporting period, and paid an environmental protection tax of 1.0074 million yuan[89]. - The company has maintained zero exceedance in emissions across all monitored pollutants in the Qijiang facilities[84]. - The company continues to invest in technology to ensure compliance with environmental standards and improve emission reduction strategies[84]. Financial Management and Investments - The company has established a production capacity of 265,000 tons per year for nano lithium iron phosphate, leading the industry in scale and production capability[35]. - The company reported a total of CNY 3,199,999,845.00 raised from issuing shares, with a net amount of CNY 3,161,256,504.67 after deducting related expenses[56]. - The company has ongoing projects, including a new production base for 110,000 tons of new phosphate-based cathode materials, with an investment of CNY 17,602,053.81 during the reporting period[53]. - The company has engaged in related party transactions amounting to RMB 13,100.99 million, with various transactions approved and within limits[98]. - The company plans to repurchase shares using self-owned funds between RMB 100 million and RMB 200 million, with a total repurchase amount of RMB 99,953,833.00 as of June 30, 2024, representing 0.9342% of the total share capital[94]. Risk Management - The company has identified potential risks including supply chain disruptions and regulatory changes, with measures in place to mitigate these risks[5]. - The volatility of raw material prices, particularly lithium salts, poses a risk to the company's cost structure and gross margin[69]. - The company has implemented risk control measures for its hedging operations, including monitoring market conditions and adjusting strategies accordingly[63]. - The company faces intensified market competition in the lithium-ion battery materials sector, necessitating continuous technological upgrades and product performance improvements[68]. Corporate Governance - The company maintains transparent communication with investors and adheres to legal regulations to enhance corporate governance and protect shareholder interests[90]. - The company has engaged in joint ventures and partnerships to enhance its market position and financial stability[117]. - The company has not reported any significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[96]. - The company has not engaged in speculative derivative investments during the reporting period[64]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the half-year period[74]. - The annual shareholders' meeting on May 16, 2024, had an investor participation rate of 29.93%[73]. - The company appointed a new CFO on May 31, 2024, following the resignation of the previous CFO[73]. - The largest shareholder, Ji Xuewen, holds 13.88% of the shares, totaling 38,897,664 shares, with 27,211,600 shares pledged[150].

深圳市他山企业管理咨询有限公司 关于深圳市德方纳米科技股份有限公司 第三期限制性股票激励计划作废部分限制性股票事 项的 独立财务顾问报告 二〇二四年八月 | 目 录 | | 1 | | --- | --- | --- | | 释 义 | | 2 | | 声 明 | | 3 | | 一、本激励计划已履行的必要程序 | | 4 | | 二、本次限制性股票作废失效事项说明 | | 6 | | 三、结论意见 | | 7 | | 四、备查信息 | | 8 | 深圳市他山企业管理咨询有限公司 独立财务顾问报告 释 义 在本报告中，除非上下文文意另有所指，下列词语具有如下含义： | 德方纳米、公司 | 指 | 深圳市德方纳米科技股份有限公司（证券简称：德方 | | --- | --- | --- | | | | 纳米；证券代码：300769） | | 本激励计划 | 指 | 深圳市德方纳米科技股份有限公司第三期限制性股 | | | | 票激励计划 | | 《股权激励计划（草案）》 | 指 | 《深圳市德方纳米科技股份有限公司第三期限制性 | | | | 股票激励计划（草案）》 | | 独立财务顾问报告、本报告 | 指 | ...

华泰联合证券有限责任公司 关于深圳市德方纳米科技股份有限公司 二、保荐人发现公司存在的问题及采取的措施 | 保荐人名称：华泰联合证券有限责任公司 | 被保荐公司简称：德方纳米 | | --- | --- | | 保荐代表人姓名：肖耿豪 | 联系电话：0755-82492010 | | 保荐代表人姓名：董瑞超 | 联系电话：0755-82492010 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | | 是，已对德方纳米从 2024 年 1 月 1 日至 6 月 | | （1）是否及时审阅公司信息披露文件 | 30 日披露的定期报告和临时报告等各类信息 | | | 披露文件均及时进行了审阅 | | （2）未及时审阅公司信息披露文件的次数 | 0 次 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括 | 是，已督导公司建立健全防止关联方占用公司 | | 但不限于防止关联方占用公司资源的制度、 | 资源的制度、募集资金管理制度、内部审计制 | | 募集资金管理制度、内控制度、内部审计制 | ...

证券代码：300769 证券简称：德方纳米 公告编号：2024-070 深圳市德方纳米科技股份有限公司 1、审议通过《关于公司 2024 年半年度报告及其摘要的议案》 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第2号——创业板上市公司规范运作》《公开发行证券的公司信息披 露内容与格式准则第3号——半年度报告的内容与格式（2021年修订）》和《公 司章程》的有关规定，公司编制了《2024年半年度报告》及《2024年半年度报告 摘要》。 经审核，董事会认为：公司《2024年半年度报告》及《2024年半年度报告摘 要》的内容真实、准确、完整，不存在任何虚假记载、误导性陈述或者重大遗漏。 2024年半年度报告及其摘要的具体内容详见公司于2024年8月30日在巨潮资 讯网（www.cninfo.com.cn）上披露的《2024年半年度报告》及《2024年半年度 报告摘要》（公告编号：2024-072）。 第四届董事会第十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、 董事会会议召开情况 深圳市德方纳米科技股份有 ...