Core Viewpoint - The company Defu Technology (301511) is planning to acquire at least 51% of Anhui Huiru Technology Co., Ltd. through cash purchase and capital increase, which will make Huiru Technology a subsidiary of Defu Technology after the transaction is completed [1][3]. Group 1: Acquisition Details - The specific plan and transaction amount for the acquisition will be clarified after due diligence by the company and its appointed intermediaries, and will be finalized in a formal agreement [3]. - Huiru Technology, established in 2021, specializes in the research, production, and sales of high-performance electrolytic copper foil, with a current production capacity of 20,000 tons per year [3]. - The acquisition aligns with the company's strategic development plan, allowing for rapid capacity expansion to meet increasing downstream demand and leveraging the company's advantages in scale, supply chain, and technology [3]. Group 2: Termination of Previous Acquisition - Concurrently, Defu Technology announced the termination of its acquisition of Circuit Foil Luxembourg S.a.r.l., with the counterparty agreeing to refund the contract deposit paid by Defu Technology [4]. - The termination was due to conflicting conditions imposed by the Luxembourg Ministry of Economy, which restricted the company's decision-making power and governance, leading to the decision to withdraw from the acquisition [6]. Group 3: Financial Performance - For the first three quarters of 2025, Defu Technology reported a revenue of 8.5 billion yuan, a year-on-year increase of 59.14%, and a net profit of 66.59 million yuan, marking a significant turnaround with a growth of 132.63% [6]. - Despite revenue and profit growth, the company experienced a worsening net cash flow from operating activities, which was -413 million yuan, compared to -154 million yuan in the same period last year [7]. - Significant increases in liabilities were noted, with long-term payables rising by 401.29% and short-term borrowings increasing by 31.85%, affecting the company's total asset ratios [7].
海外收购“急刹车”!德福科技火速牵手慧儒科技