Core Viewpoint - Defu Technology (301511.SZ) is accelerating its efforts to become a leader in the global copper foil industry through a planned A-share issuance to raise up to 1.93 billion yuan for strategic acquisitions and operational enhancements [1][2]. Group 1: Fundraising and Strategic Initiatives - The company plans to issue shares to no more than 35 specific investors, raising a maximum of 1.93 billion yuan, with net proceeds allocated entirely to the acquisition of 100% equity in Luxembourg Copper Foil, electronic chemical products for copper foil additives, and to supplement working capital [2][3]. - Of the total fundraising, 1.43 billion yuan will be directed towards the acquisition of Luxembourg Copper Foil, which is a leading global high-end electronic circuit copper foil company [2][3]. - The electronic chemical products project has a total investment of 400 million yuan, with 200 million yuan from the fundraising, aimed at producing 4,400 tons of electronic chemicals annually, enhancing the company's control over upstream raw materials [3]. Group 2: Financial Performance and Growth - In the first half of 2025, the company achieved revenue of 5.299 billion yuan, a year-on-year increase of 66.82%, and a net profit of 38.71 million yuan, marking a 136.71% increase and a turnaround from previous losses [1][5]. - The company's total assets reached 17.6 billion yuan by the end of June 2025, reflecting a year-on-year growth of 16.71% and setting a historical high [1][6]. - The company has shown a consistent trend of revenue growth and improving profitability, with revenues of 6.381 billion yuan, 6.531 billion yuan, and 7.805 billion yuan projected for 2022, 2023, and 2024 respectively [5]. Group 3: Research and Development - Defu Technology has invested a total of 546 million yuan in research and development over the past three and a half years, with R&D expenditures increasing each year, representing 1.73% to 2.35% of total revenue during this period [4][5]. - The company has successfully developed new products such as porous copper foil and atomized copper foil, which are now being tested and supplied to multiple downstream customers [5]. Group 4: Market Position and Capacity - The company's production capacity has reached 175,000 tons per year, placing it among the top tier in the domestic industry, with a continuously increasing market share [6]. - From 2020 to 2024, the company's total assets grew from 2.994 billion yuan to 14.88 billion yuan, a remarkable increase of 396.99% [6].
德福科技拟募19.3亿延伸产业链 优化产品结构总资产176亿创新高