德方纳米(300769)Dynanonic posted operating revenue of Rmb7.56bn in 1H22, a YoYincrease of 493%; attributable net profit (ANP) of Rmb1.28bn, up 847%YoY; ex-one-off ANP of Rmb1.26bn, up 994% YoY. Among them, in 2Q22,the Company realized operating revenue of Rmb4.18bn, an increase of447% YoY and 24.0% QoQ; ANP of Rmb518mn, up 514% YoY, and down32.0% QoQ; ex-one-off ANP of Rmb501mn, up 518% YoY, and down 33.7%QoQ. The quarterly earnings slightly exceeded market expectations. TheCompany is a leading supplier of lithium iron phosphate (LFP) materials,with leading products and technologies, obvious cost advantages, deepbinding of high-quality customers, and clear production capacityexpansion plans. The growth of power and energy storage batteries hasdriven up the demand for LFP materials. With the release of Dynanonic'snew phosphate cathode production capacity and the commissioning ofnew products such as new lithium supplement additives, the Company'searnings may continue to grow rapidly. We maintain the target marketvalue of Rmb81bn, equivalent to a target price of Rmb466, and reiterate the\BUY\" rating
2022年半年报营业收入75.57亿元，同比增长+492.89%；归母净利润12.80亿元，同比增长+847.44%