资本动作密集！鼎龙股份拟购皓飞新材控股权，进军锂电材料行业

Core Viewpoint - Dinglong Co., Ltd. is actively pursuing capital expansion, including a planned acquisition of 70% of Shenzhen Haofei New Materials Co., Ltd. for 630 million yuan, marking its entry into the lithium battery materials sector [1][3][4]. Group 1: Acquisition Details - The acquisition of Haofei New Materials will be conducted through self-owned or self-raised funds, valuing the entire company at 900 million yuan [3]. - Haofei New Materials specializes in the research, production, and sales of lithium battery process materials, including dispersants and binders [3][4]. - This acquisition will allow Haofei New Materials to become a 70% owned subsidiary of Dinglong, included in the consolidated financial statements [3]. Group 2: Strategic Implications - The acquisition signifies Dinglong's formal entry into the lithium materials industry, driven by the dual demand from new energy vehicles and energy storage [4][5]. - The company aims to leverage its platform advantages and integrate technological resources to expand its business boundaries and create a new growth engine [4]. - Dinglong plans to accelerate its layout in high-end lithium battery auxiliary materials, benefiting from Haofei's established customer channels [4]. Group 3: Financial Performance - As of November 30, 2025, Haofei New Materials reported total assets of approximately 391 million yuan and total liabilities of about 133 million yuan, with owner’s equity around 258 million yuan [4]. - The company achieved revenues of approximately 290 million yuan, 345 million yuan, and 481 million yuan for the years 2023, 2024, and January-November 2025, respectively [4]. Group 4: Market Reaction and Future Plans - On January 27, Dinglong's stock opened at 45.5 yuan per share, closing at 46.77 yuan, reflecting a 3.93% increase and a total market capitalization of 44.31 billion yuan [6]. - Earlier in January, Dinglong announced plans for a Hong Kong listing to enhance its global strategic layout and overseas business expansion [7]. Group 5: Ownership Structure - The actual controllers of Dinglong are Zhu Shuangquan and Zhu Shunquan, who are brothers, indicating a family-controlled structure [8]. - The family has also been active in the capital market, having acquired control of the A-share listed company Zhongyuan Co., Ltd. in October 2025 [8][9].