证券代码：301511 证券简称：德福科技 公告编号：2025-082 九江德福科技股份有限公司 关于控股股东、实际控制人、董事及高级管理人员 股份减持计划的预披露公告 公司控股股东、实际控制人、董事马科，董事、高级管理人员江泱、金 荣涛，高级管理人员龚凯凯保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 九江德福科技股份有限公司（以下简称"公司"）控股股东、实际控制人、 董事马科先生直接持有公司股份 192,588,725 股（占公司总股本比例为 30.55%）， 董事、高级管理人员江泱直接持有公司股份 13,300 股（占公司总股本比例为 0.00%），董事、高级管理人员金荣涛先生直接持有公司股份 35,000 股（占公司 总股本比例为 0.01%），高级管理人员龚凯凯先生直接持有公司股份 16,520 股（占 公司总股本比例为 0.00%）。马科先生、江泱先生、金荣涛先生、龚凯凯先生计 划自本公告发布之日起 15 个交易日后的 3 个月内通过集中竞价方式合计减持其 持有公司股份不超过 81 ...

Company Overview - Jiujiang Defu Technology Co., Ltd. (referred to as "Defu Technology") was established in 1985 and is headquartered in Jiujiang, Jiangxi Province, China. The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in 2023, with stock code: 301511. Defu Technology has been deeply involved in the copper foil industry for 40 years, focusing on the research, production, and sales of high-end electrolytic copper foil, with an annual production capacity of 191,000 tons, ranking first globally. The lithium battery copper foil products cover specifications from 3.5 to 10 micrometers, primarily used in downstream power batteries, energy storage, and digital fields. The electronic circuit copper foil products cover specifications from 10 to 210 micrometers, widely used in downstream printed circuit boards and terminal communications, consumer electronics, and automotive fields [1]. Energy Efficiency Initiatives - Defu Technology has implemented a copper dissolution waste heat utilization project across its production bases, modifying the copper dissolution system to utilize workshop process cooling water waste heat to produce high-temperature hot water, thereby replacing natural gas usage. The annual natural gas consumption for the copper dissolution process is approximately 2 million cubic meters, with a target to achieve zero natural gas consumption by July 2025. Additionally, the self-heat exchange modification of the copper dissolution system has improved the temperature and dissolution rate, saving approximately 60 kWh of electricity per ton of product. The waste heat generated is utilized for various purposes, including heating air conditioning and replacing municipal heating in winter, with total annual waste heat utilization exceeding 25 million kWh across different production bases [2]. - The company has also upgraded its freezing station with AI technology, allowing real-time adjustments of parameters and automated control of cooling systems. This upgrade has resulted in an annual electricity saving of approximately 650,000 kWh for a single workshop. Furthermore, by replacing traditional rectifiers with silicon carbide modules, the company has reduced power conversion losses, leading to an average decrease in electricity consumption of about 200 kWh per ton of product [3][4]. Expert Commentary - Experts have noted that through measures such as waste heat recovery and improved rectifier efficiency, Defu Technology has significantly reduced electricity consumption per unit of product. The company's focus on energy savings and resource recycling demonstrates its commitment to establishing a new benchmark for green production through refined management practices [4].

Company Overview - Jiujiang Defu Technology Co., Ltd. (referred to as "Defu Technology") was established in 1985 and is headquartered in Jiujiang, Jiangxi Province, China. The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in 2023, with stock code: 301511. Defu Technology has been deeply engaged in the copper foil industry for 40 years, focusing on the research, production, and sales of high-end electrolytic copper foil, with an annual production capacity of 191,000 tons, ranking first globally. The lithium battery copper foil products range from 3.5 to 10 micrometers, primarily used in downstream power batteries, energy storage, and digital fields. The electronic circuit copper foil products range from 10 to 210 micrometers, widely used in downstream printed circuit boards and terminal communications, consumer electronics, and automotive fields [1]. Energy Efficiency Initiatives - Defu Technology has implemented a copper dissolution waste heat utilization project across its production bases, modifying the copper dissolution system to utilize workshop cooling water waste heat to produce high-temperature hot water, thereby replacing natural gas usage. The annual natural gas consumption for the copper dissolution process is approximately 2 million cubic meters, with a target to achieve zero natural gas consumption by July 2025. The self-heat exchange modification of the copper dissolution system has resulted in a 60 kWh/t reduction in electricity consumption per unit product [2]. - The waste heat generated from the copper dissolution system is utilized in various ways, including heating air conditioning systems at the Jiujiang production base, with a total annual waste heat utilization of 11.155 million kWh. The Lanzhou production base uses waste heat to replace municipal heating in winter, providing heating for office buildings, dormitories, and auxiliary production facilities, reducing external heating purchases by approximately 6.3 million kWh, with total annual waste heat utilization exceeding 25 million kWh [2]. Smart Technology Integration - Defu Technology has upgraded its refrigeration station with AI technology, allowing real-time adjustments of various parameters of the cooling water units. The AI system collects big data and uses built-in optimization algorithms to issue commands for automatic adjustments of the cooling water units, pumps, and cooling tower fans. This upgrade has transitioned the refrigeration system from manual control to fully automated and efficient smart control, saving approximately 650,000 kWh of electricity annually for a single workshop [3]. - The company has also improved the efficiency of traditional switch rectifiers by replacing the original rectifier units with silicon carbide modules, reducing power conversion losses and achieving an average decrease in electricity consumption of about 200 kWh/t per unit product [3]. Equipment Modernization - Defu Technology has conducted energy-saving modifications on old workshop equipment by replacing traditional frequency pumps with permanent magnet motor variable frequency drives and using high-efficiency air suspension energy-saving fans instead of screw fans, resulting in a total annual electricity savings of 2.23 million kWh [4]. - Experts have noted that through waste heat recovery and improved rectifier efficiency, the company has significantly reduced electricity consumption per unit product, showcasing its commitment to energy conservation and resource recycling, thereby establishing a new benchmark for green production [4].

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Defu Technology, indicating a significant increase in financing activities and stockholder engagement [1][2]. - As of September 23, Defu Technology's stock price decreased by 1.22%, with a trading volume of 1.956 billion yuan. The net financing purchase on that day was 118 million yuan, with a total financing and securities balance of 1.014 billion yuan [1]. - The financing balance of Defu Technology is 1.011 billion yuan, accounting for 7.25% of its circulating market value, which is above the 90th percentile level over the past year, indicating a high level of financing activity [1]. - On the short-selling side, Defu Technology had no shares repaid on September 23, with 14,900 shares sold short, amounting to 554,700 yuan at the closing price. The short-selling balance is 3.1534 million yuan, also above the 90th percentile level over the past year [1]. Group 2 - As of September 10, the number of shareholders of Defu Technology increased to 42,600, a rise of 2.04%, while the average circulating shares per person decreased by 2.00% to 8,785 shares [2]. - For the first half of 2025, Defu Technology reported a revenue of 5.299 billion yuan, representing a year-on-year growth of 66.82%. The net profit attributable to the parent company was 38.7062 million yuan, showing a significant increase of 136.71% year-on-year [2]. - Since its A-share listing, Defu Technology has distributed a total of 24.7626 million yuan in dividends [3].

Group 1 - Mitsui Mining & Smelting announced a price increase of approximately 15% for high-end electrolytic copper foil, confirming the supply tightness driven by AI server demand [1] - The demand for HVLP copper foil has surged, with usage per AI server being eight times that of traditional servers, driven by NVIDIA's new Rubin platform adopting HVLP 5th generation copper foil [1] - The price increase led by industry leaders indicates a sustained supply-demand gap in high-end copper foil (HVLP) due to capacity conversion and increasing demand, with expectations extending into mid-next year [1] Group 2 - Domestic copper foil manufacturers are making breakthroughs in the high-end PCB copper foil sector, with those possessing high-end capacity likely to benefit from increased volume and price [1] - Tongguan Copper Foil has established a complete product matrix covering HVLP generations 1-4, leading to significant profit improvements as high-end electronic circuit copper foil volumes increase [2] - Defu Technology has formed a dual-driven pattern with lithium battery and PCB copper foil, achieving global leadership through overseas acquisitions, with HVLP 4 copper foil already shipped for use in M9 materials [2]

Core Insights - The solid-state battery industry is entering a "sprint phase" towards commercialization, with significant advancements in sodium-based solid-state batteries [1][2] - A new sodium-based solid-state battery developed by the University of Chicago and Singapore's Agency for Science, Technology and Research can operate stably in sub-zero temperatures, enhancing its competitiveness [1] - The global solid-state battery shipment is expected to reach 614.1 GWh by 2030, with a market size projected to exceed 100 billion yuan [2] Industry Developments - The solid-state battery industry is experiencing accelerated progress driven by both policy and technology, with a key conference scheduled for September 2025 to discuss future trends and challenges [2] - The demand for solid-state battery materials is expected to grow significantly, with investments in equipment projected to reach hundreds of billions [2] - Several A-share listed companies are making strides in solid-state battery technology, with Li Yuan Heng successfully developing manufacturing processes for solid-state battery equipment [2][3] Market Activity - Recent data shows that financing clients have significantly increased their positions in 26 solid-state battery concept stocks, with notable net purchases exceeding 1 billion yuan [4] - Leading companies in this sector include Xian Dao Intelligent, CATL, and others, with some stocks projected to have a net profit growth rate exceeding 20% in the coming years [4][5] - As of September 22, 2023, several stocks in this sector have rolling price-to-earnings ratios below 40, indicating potential investment opportunities [4][5]

2025年7月29日，九江德福科技股份有限公司（以下简称"德福科技"、 "公司"）与Volta Energy Solutions S.à.r.l.（以下简称"交易对方"）签署了 《股权购买协议》，德福科技拟收购Circuit Foil Luxembourg S.a.r.l.（以下简称 "卢森堡铜箔"、"标的公司"）100%股权，后续本次交易将由德福科技位于 卢森堡的全资控股公司具体实施。 九江德福科技股份有限公司 关于收购境外公司股权的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、本次交易基本情况 证券代码：301511 证券简称：德福科技 公告编号：2025-081 本次交易已经公司第三届董事会第十五次会议审议通过，具体内容详见公司 于2025年7月29日在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于收购 境外公司股权并签署<股权购买协议>的进展公告》。 特此公告 九江德福科技股份有限公司 董事会 2025 年 9 月 19 日 二、近期进展情况 截至本公告披露日，本次交易已完成中国境外投资备案（ODI）的相关审 ...

Core Insights - The Thailand Electronics Circuit Asia 2025 exhibition will take place from August 20 to 22, 2025, in Bangkok, showcasing high-end copper foil applications and fostering collaboration among global electronic industry players [1][3]. Group 1: Exhibition Overview - The exhibition is co-hosted by the Thailand Board of Investment, the Thai Printed Circuit Association, and the Hong Kong Printed Circuit Association, focusing on building a future electronic ecosystem [3]. - Over 250 companies from 15 countries and regions are expected to participate, covering an area of 12,000 square meters, with a projected trade volume exceeding 20 billion Thai Baht and over 7,000 professional visitors [3]. Group 2: Company Participation - Defu Technology showcased high-performance copper foil products and innovative applications in high-frequency, high-speed circuits, 5G communication, and automotive electronics, attracting significant attention from industry experts and potential partners [3][5]. - The company has established a subsidiary in Thailand and is collaborating with local firms such as KCE and TLM in the PCB sector, emphasizing its strategy of collaboration and localization [5]. Group 3: Future Outlook - Defu Technology aims to leverage its advanced copper foil material technology to drive innovation in the electronic industry and build a smarter, more interconnected electronic ecosystem with global partners [7].

Group 1 - Defu Technology (Shenzhen) Co., Ltd. has been established with a registered capital of 100 million yuan, focusing on electronic components manufacturing, new material technology research and development, battery parts production and sales, and high-performance non-ferrous metals and alloy materials sales [1][2] - The company is wholly owned by Defu Technology (301511), indicating a strong backing from its parent company [1][3] - The business scope includes general operations such as manufacturing and sales of electronic special materials, battery parts, and non-ferrous metal processing, as well as construction engineering [2]

Core Viewpoint - Jiujiang Defu Technology Co., Ltd. (Defu Technology) plans to issue up to 189 million shares to raise no more than 1.93 billion yuan, primarily for acquiring 100% equity of Circuit Foil Luxembourg S.a.r.l. and funding electronic chemical projects and working capital [1][6][8]. Group 1: Fundraising and Acquisition - The planned fundraising includes 1.43 billion yuan for acquiring Circuit Foil Luxembourg, 200 million yuan for electronic chemical projects, and 300 million yuan for working capital [1][6]. - Circuit Foil Luxembourg specializes in high-end electronic circuit copper foil, with applications in AI servers, 5G base stations, and mobile terminals, maintaining stable partnerships with leading PCB companies [4][6]. - The acquisition price of Circuit Foil Luxembourg is set at 1.74 billion euros, which is above its net asset value of approximately 1.26 billion euros, indicating potential goodwill formation post-acquisition [6][10]. Group 2: Financial Performance - Circuit Foil Luxembourg reported revenues of 13.37 million euros in 2024 and 4.5 million euros in Q1 2025, with a net loss of 370,000 euros in 2024, but a profit of 167,000 euros in Q1 2025 due to improved product volume and cost management [5][6]. - Defu Technology's financial performance has been volatile, with a revenue of 7.805 billion yuan in 2024, a decline in net profit to -245 million yuan, but a recovery in H1 2025 with revenue of 5.299 billion yuan and a net profit of 38.7 million yuan [10]. Group 3: Industry Context - The copper foil industry is capital-intensive, characterized by high fixed asset investments and significant R&D costs, which has led to a high debt ratio of 73.55% for Defu Technology as of June 30, 2025 [9][10]. - The company aims to enhance its capital structure and operational efficiency through this fundraising, addressing the growing working capital needs driven by increasing sales [9][10].