德福科技拟定增 现金流连负4年上市募18.9亿次年亏损

Core Viewpoint - Defu Technology (301511.SZ) plans to issue A-shares to specific investors, aiming to raise up to RMB 193 million for various projects, including the acquisition of a 100% stake in a Luxembourg copper foil project and working capital supplementation [1][2]. Group 1: Issuance Details - The issuance will target no more than 35 specific investors, including qualified institutional investors and individuals [1]. - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [1]. - The total number of shares issued will not exceed 30% of the company's total share capital before the issuance, amounting to a maximum of 189,096,600 shares [1]. Group 2: Fund Allocation - The total planned fundraising amount is RMB 193 million, which will be allocated as follows: - RMB 143 million for the acquisition of the Luxembourg copper foil project - RMB 20 million for the copper foil additive electronic chemical project - RMB 30 million for working capital [2][3]. Group 3: Company Control and Shareholding - As of the announcement date, the company's total share capital is 630,322,000 shares, with the controlling shareholder, Ma Ke, holding 33.57% of the shares [4]. - If the maximum number of shares is issued, the total share capital will increase to 819,418,600 shares, reducing Ma Ke's control to 25.83%, but he will still maintain control over the company [4]. Group 4: Financial Performance - For the first half of 2023, the company reported revenue of RMB 5.3 billion, a 66.82% increase year-on-year, and a net profit of RMB 38.71 million, up 136.71% [6][7]. - In contrast, the 2024 annual report indicated a revenue of RMB 7.81 billion, a 19.51% increase, but a net loss of RMB 245.11 million [8].