Core Viewpoint - Defu Technology plans to issue A-shares to raise funds for acquiring a leading global high-end electronic circuit copper foil company, aiming to enhance its presence in the "lithium battery + electronic circuit" sectors and alleviate its high debt ratio [1][2]. Group 1: Fundraising and Acquisition - The company intends to issue up to 189 million shares to no more than 35 qualified investors, with a total fundraising target of 14.3 billion yuan allocated for acquiring 100% of Luxembourg Copper Foil [1]. - The acquisition of Luxembourg Copper Foil, with a total investment of 14.46 billion yuan, is expected to strengthen Defu Technology's market position in the copper foil industry [1]. - Luxembourg Copper Foil reported a revenue of 1.34 billion euros in 2024, with a net loss of 370,000 euros, but showed a profit of 1.67 million euros in Q1 2025 [1]. Group 2: Financial Performance and Market Position - In the first half of 2025, Defu Technology achieved a revenue of 5.299 billion yuan, marking a year-on-year increase of 66.82%, and a net profit of 38.7062 million yuan [2]. - The company's debt ratio stood at 73.55% as of June 30, 2025, indicating significant financial pressure [2]. - The stock price has increased by 181.85% year-to-date, outperforming the market significantly [1].

Core Viewpoint - Defu Technology plans to raise up to 1.89 billion shares through a private placement to acquire 100% equity of Luxembourg Copper Foil and invest in electronic chemical projects, aiming to enhance its position in the lithium battery and electronic circuit copper foil sectors while alleviating its high debt ratio of 73.55% as of June 30, 2025 [1][6]. Group 1: Fundraising and Acquisition - The company intends to raise a total of up to 1.93 billion yuan, with 1.43 billion yuan allocated for acquiring Luxembourg Copper Foil, a leading global high-end electronic circuit copper foil manufacturer [3][4]. - Luxembourg Copper Foil, established in 1960, specializes in high-grade products and has applications in AI servers, 5G base stations, and mobile terminals [3][4]. - The acquisition is expected to enhance Defu Technology's global presence and customer base, leveraging Luxembourg Copper Foil's established international production and sales network [4]. Group 2: Financial Performance and Market Impact - Defu Technology's stock price has increased by 181.85% year-to-date, significantly outperforming the market, driven by improved financial performance and business expansion [5]. - For the first half of 2025, the company reported revenue of 5.299 billion yuan, a year-on-year increase of 66.82%, and net profit of 38.7062 million yuan, marking a turnaround from losses [5][6]. - The company aims to use 300 million yuan from the fundraising to supplement working capital, optimizing its capital structure and improving operational efficiency [6]. Group 3: Project Development - An additional 200 million yuan will be invested in an electronic chemical project for copper foil additives, which is expected to produce 4,400 tons annually upon full capacity [4]. - The project will focus on key raw materials for lithium battery copper foil additives, enhancing supply stability and reducing costs [4].

中国经济网北京9月17日讯 德福科技(301511.SZ)15日晚披露2025年度向特定对象发行A股股票预案，公 司本次向特定对象发行股票的发行对象不超过35名（含本数），包括符合中国证监会规定的证券投资基 金管理公司、证券公司、保险机构投资者、信托公司、财务公司、合格境外机构投资者以及其他符合相 关法律、法规规定条件的法人、自然人或其他合格的投资者。证券投资基金管理公司、证券公司、理财 公司、保险公司、合格境外机构投资者、人民币合格境外机构投资者以其管理的二只以上产品认购的， 视为一个发行对象；信托公司作为发行对象，只能以自有资金认购。本次所有发行对象均以人民币现金 的方式认购本次发行的股票。 本次向特定对象发行的定价基准日为发行期首日。本次发行价格不低于定价基准日前20个交易日（不含 定价基准日）公司股票交易均价的80%。 本次向特定对象发行的股票为境内上市人民币普通股（A股），每股面值为人民币1.00元。本次向特定 对象发行的股票将在深交所创业板上市交易。本次发行的股票数量按照本次发行募集资金总额除以发行 价格计算得出，不超过本次发行前公司总股本的30%，即不超过189,096,600股（含本数）。 本 ...

Group 1 - The foldable screen sector experienced a strong upward movement at the beginning of trading, with Kosen Technology hitting the daily limit up [1] - Hongli Zhihui and Lihexing both saw increases of over 10% [1] - Defu Technology and Dalian Technology also followed with gains [1]

Core Viewpoint - The company, Jiujiang Defu Technology Co., Ltd., has announced its decision to temporarily not hold a shareholders' meeting regarding the issuance of A-shares to specific investors, pending the completion of related preparations [1][3]. Group 1: Issuance of A-shares - The company held its 17th meeting of the third board of directors on September 16, 2025, where it approved the proposal for the issuance of A-shares to specific investors [1][3]. - The company will determine the timing for the shareholders' meeting to discuss the issuance once the necessary preparations are complete [1][3]. - The total amount of funds to be raised from this issuance is expected to be up to RMB 193,000 million [40]. Group 2: Compliance and Regulatory Status - The company has confirmed that it has not been subject to any regulatory measures or penalties from the securities regulatory authorities or exchanges in the past five years [3][5]. - The company has conducted a self-examination regarding its compliance with relevant laws and regulations, confirming no violations [3][5]. Group 3: Financial Impact and Measures - The company has analyzed the impact of the issuance on its immediate returns and has developed specific measures to mitigate any potential dilution of returns [6][12]. - The company plans to strengthen the management of raised funds to ensure their proper and effective use [17]. - The company has committed to accelerating the implementation of investment projects funded by the raised capital to achieve expected benefits as soon as possible [17]. Group 4: Strategic Importance of the Issuance - The funds raised will be used for projects closely related to the company's main business, including the acquisition of 100% equity in Luxembourg Copper Foil and the production of electronic chemicals for copper foil additives [12][40]. - The company aims to enhance its market competitiveness and profitability through these investments, which align with national industrial policies and the company's strategic direction [12][40]. Group 5: Governance and Commitment - The company's controlling shareholder and management have made commitments to ensure the fulfillment of measures to compensate for any dilution of immediate returns [20]. - The company has established a three-year shareholder return plan to enhance the transparency and effectiveness of its profit distribution policy [51].

Group 1: Company Performance - Brothers Technology (002562) expects a net profit increase of 207%-253% for the first three quarters of 2025, with projected profits between 100 million to 115 million yuan, driven by rising prices of certain vitamin products and improved production capacity utilization [2] Group 2: Financing Activities - Vanke A has secured a loan of up to 2.064 billion yuan from its largest shareholder, Shenzhen Metro Group, to repay bond principal and interest, with the loan interest rate being lower than current market rates [3] - Hengwei Technology is planning to acquire 75% of Shanghai Shuhang Information Technology Co., with shares to be issued and cash payments involved, leading to a temporary suspension of trading starting September 17, 2025 [5] Group 3: Important Contracts - Jingzhida's subsidiary Hefei Integrated Circuit has signed a semiconductor testing equipment procurement agreement worth 323 million yuan, expected to positively impact the company's performance in 2025-2026 [7] - China Shipbuilding Technology has entered into a green methanol sales contract worth approximately 40 million USD per year, with potential increases based on customer demand, starting supply after the wind power methanol project is operational [7] Group 4: Shareholder Activities - Tianyu Co., Ltd. has seen its major shareholder release a pledge on 12.5 million shares, while still having 15.3 million shares pledged, representing 26.79% of the shareholder's total holdings [7] - Guotou Venture Capital plans to reduce its holdings by up to 9.186 million shares, representing 3% of the total share capital, citing personal funding needs [13]

Group 1 - The company plans to issue new shares with a pricing benchmark set at 80% of the average stock price over the last 20 trading days prior to the issuance [1] - The total number of shares issued will not exceed 30% of the company's total share capital before the issuance, with the final number determined by the total amount of funds raised and the issuance price [1] - The newly issued shares cannot be transferred within six months from the end of the issuance [1] Group 2 - The total investment for the Luxembourg copper foil acquisition project is approximately 1.445686 billion, with 1.43 billion allocated from the raised funds [2] - Luxembourg copper foil is a leading global enterprise in high-end electronic circuit copper foil, with core products including HVLP and DTH, which are used in AI server data centers and 5G base stations [2] - In 2024, the revenue share from HVLP and DTH products is expected to be around 53%, maintaining long-term cooperation with top PCB companies [2] Group 3 - An additional 200 million will be invested in the electronic chemicals project for copper foil additives, with a total investment of 400 million [3] - The project aims to produce 4,400 tons of electronic chemicals annually, with core products being key raw materials for lithium battery copper foil additives, enhancing the company's control over upstream materials [3] - The remaining 300 million will be used to supplement working capital, improving the company's financial structure, which currently has a debt ratio of 73.55% as of June 30, 2025 [3] Group 4 - The issuance will not change the company's control structure, with the controlling shareholder maintaining a 25.83% stake post-issuance [3] - The company views this capital increase as a strategic move for mergers and acquisitions, aiming to lead in both lithium battery and electronic circuit copper foil sectors, breaking the import monopoly in high-end copper foil [3] - The investment in the electronic chemicals project is expected to enhance the company's integrated competitive advantage [3]

格隆汇9月16日丨德福科技(301511.SZ)公布，拟向特定对象发行A股股票的募集资金总额不超过人民币 193,000.00万元，扣除发行费用后的募集资金净额全部用于卢森堡铜箔100%股权收购项目、铜箔添加剂 用电子化学品项目、补充流动资金。 ...

格隆汇9月16日｜德福科技(301511.SZ)公告称，拟向特定对象发行股票，募集资金总额不超过19.3亿 元，扣除发行费用后的募集资金净额拟用于收购卢森堡铜箔100%股权、铜箔添加剂用电子化学品项目 及补充流动资金。 ...

Group 1 - The company, Defu Technology (301511.SZ), plans to issue A-shares to specific investors, not exceeding 35 individuals [1] - The issuance price will be no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark [1] - The total number of shares to be issued will not exceed 30% of the company's total share capital before the issuance, amounting to a maximum of 189 million shares [1] Group 2 - The total amount of funds to be raised from this issuance will not exceed 1.93 billion yuan, which will be used for the acquisition of 100% equity in a Luxembourg copper foil project, an electronic chemical project for copper foil additives, and to supplement working capital [1]