Company Overview - The company, Jiujiang Defu Technology Co., Ltd., specializes in the research, production, and sales of high-performance electrolytic copper foil, categorized into lithium battery copper foil and electronic circuit copper foil [1][2]. Financial Highlights - The company raised a total of RMB 1,890.8461 million through its initial public offering, with a net amount of RMB 1,764.4075 million after deducting issuance costs [25]. - As of December 31, 2024, the company had invested RMB 1,666.7636 million of the raised funds, leaving a balance of RMB 117.0479 million [25][26]. Shareholder Meeting - The company will hold its 2024 Annual General Meeting on May 9, 2025, with both on-site and online voting options available for shareholders [5][6][7]. Profit Distribution - The board of directors proposed not to distribute cash dividends, issue bonus shares, or increase capital reserves for the year 2024, aiming to ensure sustainable development [58][100]. Fund Management - The company has established a management system for the raised funds, ensuring compliance with relevant laws and regulations, and has signed regulatory agreements with banks and sponsors [27][28]. Project Updates - The company has completed the "28,000 tons/year high-end electrolytic copper foil construction project" and plans to use the remaining funds for the "50,000 tons/year high-end copper foil project" and to permanently supplement working capital [36][37].
九江德福科技股份有限公司2024年年度报告摘要