证券代码：002407 证券简称：多氟多 公告编号:2025-072 多氟多新材料股份有限公司 关于子公司之间担保额度进行内部调剂的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 本次担保额度调剂后，多氟多新材料股份有限公司（以下简称"多氟多"或"公 司"）为合并报表范围内子公司及参股公司提供担保额度总计仍为不超过人民币 298,300 万元，其中为资产负债率超过 70%的子公司提供担保的额度不超过人民币 72,000 万元。敬请投资者注意投资风险。 一、担保额度内部调剂概述 公司第七届董事会第二十八次会议、2024 年度股东大会分别审议通过《2025 年度公司对外提供担保额度预计的议案》，同意公司自 2024 年年度股东大会之日 起至 2025 年年度股东大会结束之日止，为合并报表范围内子公司及参股公司提供 担保。担保额度总计不超过人民币 298,300 万元，占公司最近一期经审计净资产的 35.00%。其中为资产负债率低于 70%的子公司提供担保的额度不超过人民币 192,000 万元；为资产负债率超过 70%的子公司提供担保的额度不超过 ...

1. Report Industry Investment Rating - No relevant content provided. 2. Core View of the Report - The report focuses on the in - depth research of Do - fluoride. In 2025, the company faced challenges in profitability due to intense industry competition and low product prices. However, it has plans to improve profitability and has positive prospects in some business segments such as the lithium battery segment [26]. 3. Summary According to the Directory 3.1. Research Basic Situation - The research object is Do - fluoride, belonging to the chemical products industry. The reception time was on August 26, 2025, and the listed company's reception staff included the board secretary Peng Chao, the securities department minister Wang Bei, and the investor relations director Guo Ruikuan [16]. 3.2. Detailed Research Institutions - A large number of institutions participated in the research, including securities companies (such as Yangtze Securities Co., Ltd., Tianfeng Securities Co., Ltd.), asset management companies (such as Beijing Yutian), investment companies (such as Boyu Capital), fund management companies (such as Debon), and other types of institutions (such as BYD Co., Ltd.) [17]. 3.3. Research Institution Proportion - No relevant content provided. 3.4. Main Content Data - **Company's First - Half Operating Performance**: In the first half of 2025, the company achieved an operating income of 4328 million yuan, a year - on - year decrease of 6.65%; the net profit attributable to shareholders of the listed company was 51 million yuan, a year - on - year decrease of 16.55%; the basic earnings per share was 0.04 yuan per share. The company will take measures to enhance profitability [26]. - **Business Segment Revenue and Profit Contribution**: In the first half of the year, the revenue proportions of the four major business segments were: fluorine - based new materials 30.39%, electronic information materials 5.55%, new energy materials 34.97%, and new energy batteries 25.30%. The contributions to gross profit of fluorine - based new materials, new energy materials, and new energy batteries (with revenue accounting for more than 10% of the company's total) were 8.62%, 19.53%, and 9.74% respectively [26]. - **Lithium Hexafluorophosphate**: The company's lithium hexafluorophosphate shipments in the first half of the year were about 23,000 - 24,000 tons, and the annual shipments are expected to be about 50,000 tons. The price fluctuated greatly in the first half of the year, with a gross profit margin of about 15% - 20%. The price increase is mainly driven by raw material costs, and the company's profitability in this business is expected to recover in the second half of the year [26][27][28]. - **Lithium Battery**: The battery segment shipped about 3.2 GWh in the first half of the year, and the shipments in the second half are expected to increase by about 50%, with an expected annual shipment of about 8.5 GWh. The "Fuxin" large - cylindrical battery had a single - month shipment of more than 8.8 million in July, and it is expected to exceed 10 million in August. After capacity release, it will significantly improve the company's performance [28][29]. - **Solid - State Battery**: The company focuses on multiple material routes such as polymers and sulfides in the solid - state battery field, has carried out R & D cooperation, and has not yet carried out large - scale industrialization investment [29]. - **Boron Isotope Products**: These products are used in strategic emerging industries such as atomic energy, medical health, and semiconductors. The current profit contribution is relatively small, but it is expected to become an important driver of future performance growth [29][30]. - **Electronic Information Materials**: Affected by the downturn in the photovoltaic industry, the segment is adjusting its business, focusing on expanding semiconductor and chip customers, and has the ability of domestic substitution in the industrial chain [30]. - **Advance Payment Policy**: The company implements a differentiated advance payment policy, mainly in the battery business segment and for long - term overseas orders of lithium hexafluorophosphate [30][31].

Summary of the Conference Call for Multi-Fluoro Co., Ltd. Company Overview - **Company**: Multi-Fluoro Co., Ltd. - **Industry**: New Energy Materials, Lithium Battery, Electronic Information Materials Key Points and Arguments Financial Performance - In the first half of 2025, Multi-Fluoro reported a revenue of 4.328 billion yuan, a decrease of 6.65% year-on-year [4] - Net profit attributable to shareholders was 51.33 million yuan, down 16.55% year-on-year [4] - Revenue breakdown: - Inorganic New Materials: 1.315 billion yuan (30.35%) - Electronic Information Materials: 240 million yuan (5.5%) - New Energy Materials: 1.514 billion yuan (34.97%) - New Energy Batteries: 1.095 billion yuan (35.3%) [4] Sales and Production - New energy materials and batteries saw significant sales growth: - New energy materials sales increased by 31.4% - New energy batteries sales surged by 136% [2] - Lithium battery shipments reached 3GWh in the first half, with expectations of over 50% growth in the second half, totaling 8.5GWh for the year [10] - The company plans to maintain a production capacity of 5.5 million tons of lithium hexafluorophosphate in 2025, with no new capacity plans unless market conditions improve [5][6] Market Dynamics - The electronic information materials segment faced a 45% decline in sales due to the downturn in the photovoltaic industry [2][4] - The company is shifting focus towards semiconductor and chip clients, despite longer certification cycles [3][24] - The small power battery market is expected to grow significantly, with strong demand for two-wheeled vehicles and energy storage [14] Pricing and Cost Management - The rise in lithium carbonate prices has alleviated cost pressures, with expectations for improved profitability in Q4 2025 [12] - The company does not have plans for proactive price increases but will adjust prices in line with lithium carbonate fluctuations [12] - Aiming for a gross margin target of 10-15%, with challenges to exceed 20% [13] Strategic Initiatives - Multi-Fluoro is exploring the Southeast Asian market for small power batteries, where demand is high and supply is currently insufficient [2][14] - The company has a planned 20,000-ton expansion project that can be initiated quickly if market demand increases [7] - The company is also involved in solid-state battery development, focusing on material compatibility and cost reduction [20][21] Challenges and Future Outlook - The electronic information materials segment is expected to continue facing challenges due to the photovoltaic sector's struggles [23] - The company anticipates that the overall market conditions will improve, allowing for potential capacity expansion in 2026 if demand rises [6][25] - The company is cautious about the construction of new facilities in South Korea due to regulatory and market uncertainties [11] Conclusion - Multi-Fluoro Co., Ltd. is navigating a complex market landscape with a focus on expanding its new energy materials and battery segments while managing cost pressures and shifting strategic priorities towards semiconductor applications. The company remains optimistic about future growth opportunities, particularly in the small power battery market and potential recovery in the lithium market.

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, attributing the decrease to intense industry competition and low market prices despite an increase in the production and sales volume of some key products [1][2]. Group 1: Financial Performance - In the first half of 2025, the company achieved a revenue of 4.328 billion yuan, a year-on-year decrease of 6.65% [1] - The net profit attributable to shareholders was 51 million yuan, down 16.55% year-on-year [1] - Basic earnings per share were 0.04 yuan [1] Group 2: Business Segments and Contributions - Revenue contributions from various segments: Fluorine-based new materials accounted for 30.39%, electronic information materials 5.55%, new energy materials 34.97%, and new energy batteries 25.30% [2] - Gross profit contributions from these segments were 8.62%, 19.53%, and 9.74% respectively [2] Group 3: Product Performance and Strategies - The shipment volume of lithium hexafluorophosphate in the first half was approximately 23,000 to 24,000 tons, with an expected annual shipment of around 50,000 tons [2] - The gross margin for lithium hexafluorophosphate fluctuated between 15% and 20% due to price volatility driven by raw material costs [2] - The company employs a mixed procurement strategy for lithium carbonate, adjusting inventory based on market price dynamics [2] Group 4: Future Outlook and Developments - The battery segment shipped around 3.2 GWh in the first half, with expectations for an increase in the second half [2] - The company is focusing on solid-state battery development in collaboration with top domestic universities and research institutions, currently optimizing material performance and cost [2] - The company plans to expand its production capacity for boron isotope products, which currently contribute minimally to profits but are expected to drive growth as capacity increases [2] - The electronic information materials segment is facing challenges due to a downturn in the photovoltaic industry, but the company aims to expand its client base in the semiconductor and chip sectors [2]

Financial Performance - In the first half of 2025, the company achieved a revenue of 4.328 billion CNY, a decrease of 6.65% year-on-year [2] - The net profit attributable to shareholders was 51 million CNY, down 16.55% year-on-year, with basic earnings per share at 0.04 CNY [2] - Despite increased production and sales of lithium hexafluorophosphate, the company's profitability declined due to persistently low market prices [2] Business Segment Performance - Revenue contributions from major business segments: - Fluorine-based new materials: 30.39% - Electronic information materials: 5.55% - New energy materials: 34.97% - New energy batteries: 25.30% [3] - Gross profit contributions from segments with over 10% revenue share: - Fluorine-based new materials: 8.62% - New energy materials: 19.53% - New energy batteries: 9.74% [3] Lithium Hexafluorophosphate Insights - The shipment volume of lithium hexafluorophosphate in the first half was approximately 23,000 to 24,000 tons, with an expected annual shipment of around 50,000 tons [3] - The gross margin for lithium hexafluorophosphate fluctuated between 15% and 20% [3] - Price fluctuations are primarily driven by raw material costs, with expectations for profitability to improve in the second half of the year due to rising product prices and increased capacity utilization [3] Battery Segment Developments - The battery segment shipped approximately 3.2 GWh in the first half, with a projected increase of about 50% in the second half, aiming for an annual total of 8.5 GWh [3][4] - The demand for lithium batteries is rapidly growing, with significant orders leading to production expansion [4] - In July, the company shipped over 8.8 million cylindrical batteries, with expectations to exceed 10 million in August [4] Solid-State Battery and Boron Isotope Products - The company is focusing on polymer and sulfide materials for solid-state batteries, collaborating with top domestic research institutions [4] - Boron isotope products are crucial in strategic industries such as nuclear energy, healthcare, and semiconductors, with a current production capacity of 100 tons and plans for 1,000 tons [4] - Although the current profit contribution from boron isotopes is limited, future capacity expansion is expected to significantly enhance profitability [4] Electronic Information Materials - The electronic information materials segment is currently affected by a downturn in the photovoltaic industry, leading to low capacity utilization and price challenges [5] - The company plans to pivot towards semiconductor and chip clients to enhance its market position [5]

格隆汇8月25日丨多氟多(002407.SZ)公布2025年半年度报告，上半年公司实现营业收入43.28亿元，同比 下降6.65%；归属于上市公司股东的净利润5133.02万元，同比下降16.55%；归属于上市公司股东的扣除 非经常性损益的净利润-480.93万元；基本每股收益0.0441元。 ...

每经头条（nbdtoutiao）——A股成交连续8天破2万亿元，券商招聘也来了！行业巨头秋招"求才"，25个 岗位都有什么特点？ （记者 张喜威） 2025年1至6月份，多氟多的营业收入构成为：工业占比79.42%，其他行业占比20.58%。 每经AI快讯，多氟多（SZ 002407，收盘价：13.84元）8月25日晚间发布公告称，公司第七届第三十二 次董事会会议于2025年8月22日在公司科技大厦五楼会议室以现场与通讯相结合的方式召开。会议审议 了《2025年半年度报告及其摘要的议案》等文件。 截至发稿，多氟多市值为165亿元。 ...

每经AI快讯，多氟多（SZ 002407，收盘价：13.84元）8月25日晚间发布公告称，公司可能发生价值减 损的资产范围：包括应收账款、应收票据、其他应收款、应收款项融资、长期应收款、存货等。2025年 上半年共计提减值损失5,061.26万元，其中信用减值损失计提4,162.79万元，资产减值损失计提898.47万 元。本次计提各项资产减值合计5061.26万元，减少2025年上半年利润总额5061.26万元。本次处置资产 共产生损失423.37万元减少2025年上半年利润总额423.37万元。以上两项影响2025年上半年利润总额共 减少5484.63万元。本次核销的往来款项中其他应收款约2.52亿元，以前年度已经计提坏账91.5%，剩余 部分在本报告期全部收回，该业务对本报告期利润影响较小；应收款项核销5851.65万元，以前年度已 经全额计提坏账，该业务对本报告期利润影响较小；应付款项核销66.23万元，主要系经法院调解后无 需支付的款项，该项业务影响利润增加66.23万元。 截至发稿，多氟多市值为165亿元。 每经头条（nbdtoutiao）——A股成交连续8天破2万亿元，券商招聘也来了！行业巨头秋 ...

智通财经APP讯，多氟多(002407.SZ)发布2025年半年度报告，该公司营业收入为43.28亿元，同比减少 6.65%。归属于上市公司股东的净利润为5133.02万元，同比减少16.55%。归属于上市公司股东的扣除非 经常性损益的净亏损为480.93万元。基本每股收益为0.0441元。 ...

人民财讯8月25日电，多氟多（002407）8月25日晚间披露半年报，公司2025年上半年实现营业收入 43.28亿元，同比下降6.65%；净利润5133.02万元，同比下降16.55%；基本每股收益0.0441元。报告期 内，六氟磷酸锂等部分主营产品虽然产销量均有提升，但市场价格持续低位运行，导致相关业务毛利下 降，公司盈利能力降低。 ...