固态电池布局加速，德尔股份获机构密集调研

Core Viewpoint - Delong Co., Ltd. is actively expanding its presence in the new energy sector while maintaining steady growth in traditional automotive parts, showcasing strong development momentum through multiple business lines [1][2]. Group 1: Financial Performance - In the first three quarters of 2025, the company achieved revenue of 3.642 billion yuan, a year-on-year increase of 7.67% [1]. - The net profit attributable to shareholders reached 79.23 million yuan, reflecting a significant year-on-year growth of 228.13% [1]. - The growth in performance is attributed to increased revenue from new energy vehicle products and ongoing cost reduction measures that improved profitability [1]. Group 2: Globalization Strategy - The company has been pursuing a globalization strategy since acquiring the German company Kakuisi in 2017, which supplies noise reduction, thermal insulation, and lightweight products to high-end brands [2]. - Kakuisi has become a significant contributor to Delong's revenue and profit, establishing a foundation for the company's global operations [2]. Group 3: New Energy Initiatives - Delong has been focusing on solid-state battery technology since 2018, with ongoing advancements in technology and industrialization [2]. - The company has established a technical route based on oxide electrolytes, which has passed various safety tests and certifications, indicating high safety and thermal performance [2]. Group 4: Strategic Partnerships - The company has completed pilot production of battery cell samples in collaboration with Jiangxi Jiangling Group New Energy Vehicle Co., Ltd., aiming to expedite discussions for vehicle installation [3]. - Delong is also advancing the construction of a pilot production line, expected to be completed in the first half of 2026, which will facilitate mass production and shipping [3]. Group 5: Domestic Market Strengthening - Delong has enhanced its competitiveness in the automotive parts sector through the acquisition of Aizhuo Technology, which specializes in automotive film and covering parts [3]. - Aizhuo Technology's revenue for 2024 is projected to be 369 million yuan, with a year-on-year growth of 68.95%, contributing positively to Delong's profit after consolidation [4]. Group 6: Future Outlook - The integration of Aizhuo Technology is expected to bolster Delong's profits and provide new long-term growth opportunities [4]. - The existing overseas sales network of Delong will support Aizhuo's products in global markets, while Aizhuo's local presence will help strengthen Delong's domestic market position [4].