Do-Fluoride New Materials Co., Ltd.

Do-Fluoride New Materials Co., Ltd. is a manufacturing company listed on the Shenzhen Stock Exchange since 2010. The company specializes in the research, development, production, and sales of high-performance inorganic fluorides, electronic information materials, lithium-ion batteries, and related materials. Do-Fluoride is recognized for its technological innovation and comprehensive industrial chain, which includes R&D, manufacturing, and downstream applications. The company's main business lines encompass fluorine-based new materials, electronic information materials, and new energy materials. Key products include anhydrous aluminum fluoride, electronic-grade hydrofluoric acid, and lithium hexafluorophosphate, which serve various industries such as aluminum production, semiconductors, and lithium-ion batteries. Do-Fluoride maintains strong partnerships with large electrolytic aluminum manufacturers and has established a significant presence in the global lithium battery market, with stable exports to regions including South Korea and Japan. The company has also developed a robust technological innovation system, filing numerous patents and participating in national-level projects to enhance its competitive edge.

1. Advantages in Technological Innovation The company's technological innovation system spans the entire industrial chain, covering R&D, manufacturing, and downstream applications of various materials such as fluorine, lithium, silicon, and boron. It boasts multiple scientific research platforms, including a National Postdoctoral Research Workstation, National Accredited Laboratories, a National Master Craftsman Studio, the Henan Fluorine-Based New Materials Industry Research Institute, and the Henan Inorganic Fluorine Chemistry Engineering Technology Research Center. Leveraging the Henan Fluorine-Based New Materials Industry Research Institute as a platform, the company has established an organizational support system of "One Body, Two Wings, and One Center." It has jointly established the Fluorine-Based New Materials Joint Research Center with Tsinghua University, co-founded the Smart Elements Research Institute with Zhengzhou University, and collaborated with Henan Polytechnic University to build the New Materials Industry College. The company has undertaken 30 national-level projects, including the National High-Tech Research and Development Program (863 Program), the National Special Program for Enhancing the Core Competitiveness of Manufacturing Industry, the National Industrial Strengthening Program, and the National Industrial Foundation Reconstruction Program. Relying on its strong R&D team and advanced platforms, the company has forged an innovative development path of "patenting technologies, standardizing patents, and globalizing standards," achieving significant progress in fields such as new energy materials and electronic information materials. As of the end of the reporting period, the company has filed 1,735 patent applications, with 1,134 authorized patents (including 301 invention patents). It has led or participated in the formulation and revision of over 100 national and industry standards, 2 international standards, and developed 6 reference materials. 2. Cost Advantages With advanced technological processes and integrated advantages, the company has a complete industrial chain spanning "fluorine resources → hydrofluoric acid (HF) and electronic-grade HF → lithium fluoride → lithium hexafluorophosphate (LiPF₆) → lithium batteries." Focusing on LiPF₆ as a breakthrough point, it extends downstream into the battery industry chain, establishing a full layout from materials to batteries. Continuous cost reduction is achieved through technological innovations in lithium battery recycling processes. In the preparation of LiPF₆, the company has innovated reaction and crystallization processes, improving raw material conversion rates and single-unit plant capacity. By continuously iterating technologies, streamlining equipment, and applying automation, it has significantly enhanced cost control capabilities in raw material consumption per unit, energy use, and manufacturing expenses, demonstrating notable economies of scale. 3. Market Advantages Fluorine-Based New Materials Segment: With high-quality products and superior service systems, the company actively seizes market opportunities, achieving steady growth in order volume. It maintains strong business partnerships with multiple large-scale electrolytic aluminum manufacturers at home and abroad, signing strategic long-term contracts to build a broad and stable customer base. Meanwhile, its product exports remain stable, covering multiple regions and countries globally. New Energy Materials Segment: The company’s LiPF₆ is widely used by mainstream electrolyte manufacturers worldwide, with stable exports to South Korea, Japan, and other overseas markets. Its market share has been steadily increasing, deeply integrating into core links of the global lithium battery industry chain. Equity or technical cooperation projects have been established with numerous upstream and downstream customers in the new energy sector, deepening strategic synergy. 4. Informatization Advantages Guided by the "Three Smart Projects" (Talent Aggregation, Intelligent Manufacturing, and Smart Enterprise), the company has built a three-in-one digital transformation system centered on "standard leadership, platform support, and ecological collaboration." It has established a "two sessions, three tiers" digital governance framework and achieved full value chain integration through a "5+1" industrial internet platform matrix: Intelligent Design Cloud, Supply Chain Collaboration Cloud, Intelligent Manufacturing Cloud, Intelligent Logistics Cloud, Intelligent Service Cloud, and Industrial Big Data Platform. This matrix connects internal business processes while extending the reach and depth of external services. In production, the company has built an intelligent manufacturing system covering "unmanned factories → dark factories → screenless factories," with an equipment automation rate reaching 98%. In management, it integrates 12 systems including SAP and MES through a group management cockpit, forming a "five-in-one" control efficiency: real-time visibility across all scenarios, end-to-end process traceability, and unified management of all elements. Through a "three-chain coupling" mechanism, deep collaboration among the supply chain, manufacturing chain, and demand chain has been achieved, significantly improving order response speed and establishing a customized delivery system for customers. 5. Talent Advantages The company emphasizes strengthening its talent echelon, focusing on cultivating innovative talents to support high-level development. As of the end of the reporting period, it has 4 recipients of State Council special government allowances, 1 national-level "Hundred, Thousand, Ten Thousand" Talents Program member, 15 senior professionals, 1 Henan Provincial Academic and Technological Leader, 2 outstanding experts and distinguished professional technicians, 1 National Skilled Worker, 8 Henan Provincial Skilled Workers, and 5 high-level talents in Henan. The company has successfully established a review committee for senior professional titles in chemical engineering, becoming the first private enterprise in the province authorized to independently evaluate senior professional titles. It has also developed a "new eight-level skilled worker" training system, serving as one of Henan’s first certification institutions for special-grade and chief technicians. By cultivating talents in project construction and empowering them through digital transformation, the company promotes deep integration of talent and industry.