德福科技最新一期业绩显示，截至2025一季报，公司营业总收入25.01亿元、同比增长110.04%，归属净 利润1820.09万元，同比增长119.21%，扣非净利润588.70万元，同比增长105.66%，流动比率1.019、速 动比率0.868、资产负债率73.54%。 天眼查商业履历信息显示，九江德福科技股份有限公司，成立于1985年，位于九江市，是一家以从事有 色金属冶炼和压延加工业为主的企业。企业注册资本63032.2万人民币，实缴资本25420.593万人民币。 公司法定代表人为马科。 通过天眼查大数据分析，九江德福科技股份有限公司共对外投资了9家企业，参与招投标项目38次，知 识产权方面有商标信息2条，专利信息429条，此外企业还拥有行政许可15个。 来源：金融界 金融界消息 截至2025年7月30日收盘，德福科技（301511）报收于35.4元，上涨3.66%，换手率 19.53%，成交量73.15万手，成交金额25.10亿元。 资金流向方面，今日主力资金净流入3.48亿元，占比成交额13.85%。其中，超大单净流入1.75亿元、占 成交额6.96%，大单净流入1.73亿元、占成交额6.89% ...

Core Viewpoint - Jiujiang Defu Technology Co., Ltd. plans to acquire 100% equity of Circuit Foil Luxembourg S.a.r.l., a leading global high-end IT copper foil manufacturer, enhancing its position in the high-end copper foil market [2]. Group 1: Acquisition Details - The acquisition targets Circuit Foil Luxembourg, recognized as a leader in high-end IT copper foil with proprietary core technology and mass production capabilities, being the only non-Japanese leader in the market [2]. - In 2024, the combined revenue share of HVLP (Ultra-Low Profile Copper Foil) and DTH (Carrier Copper Foil) products is expected to be approximately 53%, indicating strong market positioning and long-term partnerships with top PCB manufacturers [2]. Group 2: Strategic Implications - This transaction is categorized as a horizontal merger, aligning with Defu Technology's long-term strategy to develop high-end IT copper foil products, particularly HVLP and DTH, supported by significant R&D and market investments [2]. - Post-acquisition, Defu Technology aims to become a global leader in high-end IT copper foil, leveraging synergies from both companies to accelerate technology integration and market expansion, while enhancing profitability through scale advantages and improved supply chain capabilities [2].

Group 1 - The core viewpoint of the article is that Defu Technology has signed a share purchase agreement with Volta Energy Solutions to acquire a leading global high-end copper foil company, enhancing its position in the high-end IT copper foil market [1][2] - The acquisition price is set at €1.74 million, based on a comprehensive due diligence process that considered the target company's market position, technology reserves, customer resources, and synergy effects [1] - Following the acquisition, Defu Technology aims to leverage the combined resources to accelerate technology integration and expand into emerging markets, positioning itself as a global leader in high-end IT copper foil [2] Group 2 - The target company, Volta, has an estimated enterprise value of €2.15 billion, with a production capacity of 16,800 tons per year [1] - Financial data indicates that Volta is projected to generate revenue of €13.37 million in 2024, with an EBITDA of €1.49 million, but is expected to incur a net loss of €370,000 due to high European electricity prices and other factors [2] - The demand for high-end IT copper foil products has been increasing due to the rapid growth in AI servers and 5G communications, highlighting a significant market opportunity for Defu Technology post-acquisition [2]

Core Viewpoint - Defu Technology has signed a share purchase agreement to acquire 100% of Circuit Foil Luxembourg for €174 million, marking a significant move into the global high-end copper foil market [1][2]. Group 1: Acquisition Details - The enterprise value of Circuit Foil Luxembourg is set at €215 million, with the acquisition price determined after adjustments [2]. - Defu Technology must establish a wholly-owned subsidiary in Luxembourg prior to the acquisition to facilitate local compliance [2]. - The acquisition is based on comprehensive due diligence, considering the target company's market position, technology, customer resources, and synergy effects [2]. Group 2: Financial Performance - Circuit Foil Luxembourg is projected to generate €13.37 million in revenue and €1.49 million in EBITDA for 2024, despite a net loss of €370,000 due to high European electricity prices and other factors [3]. - The company has already turned a profit in Q1 2025, with revenues of €4.499 million and a net profit of €167,000, indicating a positive trend in performance [3]. Group 3: Industry Context - The demand for high-end IT copper foils, such as HVLP and DTH, is increasing due to the growth of AI servers and 5G communications [4]. - The domestic market for electronic circuit copper foils has been dominated by a few overseas companies, leading to significant trade deficits in high-end products [4]. - The acquisition is strategically important for addressing the long-standing challenges in the domestic supply chain and breaking the import monopoly in critical materials [4].

Core Viewpoint - Defu Technology (301511) is acquiring 100% of Circuit Foil Luxembourg S.a.r.l. (CFL) for a total enterprise value of €215 million, with a net purchase price of €174 million after adjustments, aiming to enhance its position in the high-end electronic circuit copper foil market [1][2] Group 1: Acquisition Details - The acquisition agreement was signed on July 29, 2025, and Defu Technology plans to establish a wholly-owned subsidiary in Luxembourg to manage the acquisition [1] - CFL is recognized as a "hidden champion" in the global copper foil sector, holding advanced technologies in HVLP (Ultra-Low Profile Copper Foil) and DTH (Carrier Copper Foil) [2] - The acquisition will increase Defu Technology's total copper foil production capacity from 175,000 tons per year to 191,000 tons per year, positioning it as the largest producer globally [2] Group 2: Market Position and Strategy - Defu Technology aims to break the long-standing dominance of Japanese and Taiwanese companies in the high-end electronic circuit copper foil market through this acquisition [2] - The acquisition will enable Defu Technology to penetrate international markets and compete with Japanese firms, facilitating domestic substitution in high-end electronic circuit copper foil [2][4] - CFL's production facility in Luxembourg will serve as a strategic base for Defu Technology's global operations, supporting a "Asia-Pacific + Europe and America" sales system [3] Group 3: Financial Implications - CFL's average processing fee income is significantly higher than that of domestic IT copper foil, primarily due to its high-end product offerings [3] - The acquisition is expected to enhance Defu Technology's revenue through higher processing fees and potential improvements in product gross margins via technological innovations [3]

（文章来源：证券日报） 证券日报网讯 7月29日晚间，德福科技发布公告称，公司第三届董事会第十五次会议审议通过了《关于 收购境外公司股权并签署的议案》。 ...

Core Viewpoint - The acquisition of Circuit Foil Luxembourg (CFL) by Jiujiang Defu Technology Co., Ltd. marks a significant milestone in the global copper foil industry, enhancing Defu's leadership position in lithium battery copper foil and solidifying its strategic advantage in the electronic circuit copper foil sector, transitioning from a "follower" to a "leader" [1][4]. Group 1: Strategic Acquisition and Market Position - The acquisition enables Defu Technology to complement its technology and establish a dual-driven strategy in the high-end electronic circuit copper foil market, which has been dominated by Japanese and Taiwanese companies [2][3]. - Defu Technology has a strong market presence, with 2024 revenue exceeding 7.8 billion yuan and a production capacity of 175,000 tons per year, making it the leading player in China's lithium battery copper foil market [2][3]. Group 2: Capacity Expansion and Global Strategy - Following the acquisition, Defu's total production capacity will increase from 175,000 tons per year to 191,000 tons per year, confirming its position as the world's largest producer of electrolytic copper foil [4][5]. - The acquisition of CFL's production base in Luxembourg (16,800 tons per year) will serve as a key point for Defu's global strategy, establishing a "Asia-Pacific + Europe and America" production and sales system [5]. Group 3: Financial Performance and Market Impact - The acquisition is expected to significantly enhance Defu's financial performance and market valuation, leveraging CFL's high processing fee income and Defu's cost optimization capabilities [7]. - CFL's high-end products command a premium in the market, with processing fees significantly higher than domestic counterparts, contributing to Defu's revenue growth and profitability [7]. Group 4: Technological Integration and Innovation - The merger represents a deep integration of technologies, with Defu's extensive experience in lithium battery copper foil and CFL's advanced high-end products creating a strong collaborative innovation environment [8][9]. - Defu's commitment to R&D is evident, with a 30.45% increase in R&D investment in 2024 and a focus on developing cutting-edge technologies in the copper foil industry [9]. Group 5: Future Vision and Global Leadership - Defu Technology aims to redefine the global copper foil industry, transitioning from "Made in China" to "Intelligent Manufacturing Globally," with plans to strengthen its presence in Southeast Asia and further develop its global market strategy [11][12]. - The company is positioned to lead the technological revolution in the copper foil sector, focusing on high-value products and performance improvements rather than price competition [13][14].

Core Viewpoint - The acquisition of Circuit Foil Luxembourg (CFL) by Jiujiang Defu Technology Co., Ltd. marks a significant milestone in the global copper foil industry, enhancing Defu's leadership position in lithium battery copper foil and solidifying its strategic advantage in the electronic circuit copper foil sector, transitioning from a "follower" to a "leader" [1][4]. Group 1: Strategic Acquisition and Market Position - The acquisition of CFL allows Defu Technology to complement its technology and establish a dual-driven strategy in the high-end electronic circuit copper foil market, which has been dominated by Japanese and Taiwanese companies [2][3]. - Defu Technology has a strong presence in the lithium battery copper foil market, with a revenue exceeding 7.8 billion yuan in 2024 and a production capacity of 175,000 tons per year, making it the leading company in China's lithium battery copper foil market [2][5]. Group 2: Capacity Expansion and Global Leadership - Following the acquisition, Defu's total production capacity will increase from 175,000 tons per year to 191,000 tons per year, confirming its position as the world's largest producer of electrolytic copper foil [5]. - Defu operates three production bases in China, with a manufacturing network that supports the domestic new energy and electronic circuit markets [5]. Group 3: Financial Performance and Market Value - The acquisition is expected to significantly enhance Defu's financial performance and market value, leveraging CFL's high processing fee income and Defu's cost optimization capabilities [7]. - CFL's average processing fee income is substantially higher than that of domestic IT copper foil, contributing to Defu's revenue growth and market competitiveness [7]. Group 4: Technological Integration and Innovation - The merger represents a deep integration of technologies, with Defu's advanced lithium battery copper foil technology complementing CFL's high-end products, such as HVLP and DTH copper foils [8][9]. - Both companies are committed to innovation, with Defu increasing its R&D investment by 30.45% in 2024 and CFL receiving significant support for its research projects [9]. Group 5: Future Strategy and Global Expansion - Defu Technology aims to establish a global sales network, using the acquisition as a springboard to penetrate high-end electronic circuit markets worldwide [10]. - The company is focused on domestic high-end electronic circuit copper foil replacement, addressing the current reliance on Japanese and Taiwanese suppliers [11]. Group 6: High-End Product Development and Market Leadership - Defu plans to continue developing high-end products for lithium batteries and electronic circuits, aiming to provide solutions for next-generation technologies [12]. - The company emphasizes a value system based on technological barriers and product differentiation, moving from "manufacturing" to "intelligent manufacturing" [12][13].

Group 1 - Defu Technology (SZ 301511) announced the convening of its 15th meeting of the third board of directors on July 29, 2025, to discuss the proposal for acquiring equity in an overseas company [2] - For the fiscal year 2024, Defu Technology's revenue composition is as follows: lithium battery copper foil accounts for 72.32%, electronic circuit copper foil accounts for 23.18%, and other businesses account for 4.51% [2]

证券代码：301511 证券简称：德福科技 公告编号：2025-057 九江德福科技股份有限公司 关于收购境外公司股权并签署《股权购买协议》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。 重要提示： 1、本次交易前次审议及披露情况：九江德福科技股份有限公司（以下简称 "德福科技"、"公司"、"买方"）第三届董事会第十二次、第十三次会议分 别审议通过了《关于意向收购境外公司股权进行约束性报价的议案》、《关于意 向收购境外公司股权并签署<谅解备忘录>的议案》。具体内容详见公司于2025年 5月21日披露的《关于意向收购境外公司股权进行约束性报价的公告》（公告编 号：2025-041）、2025年6月27日披露的《关于意向收购境外公司股权并签署<谅 解备忘录>的进展公告》（2025-048）。 2、本次交易进展情况：德福科技与Volta Energy Solutions S.à.r.l. （以下简称 "交易对方"、"卖方"）于2025年7月29日签署了《股权购买协议》，德福科 技拟收购Circuit Foil Luxembourg S.a.r.l. （以 ...