文/华夏ESG观察联盟 企业介绍 德福科技开展对冷冻站进行AI智慧改造，智能AI系统实时采取冷水机组各项参数，将数据传输至现场 边缘服务器，结合采集大数数据、内置AI寻优算法，将参数调整、设备启停、阀门调节等指令下发到 现场PLC，实现自动调整冷水机组、泵和冷却塔风扇的运行频率和运行数量。同时，智慧冷冻站系统根 据外界环境和过程大数据，能够预测未来空调冷负荷需求，实现AI算法实时优化。改造前，冷冻站水 泵开启数量和频率调节完全靠人工手动控制，且参数由人工调整，冷冻系统没有实现联动。改造后的智 慧冷冻站，实现全自动无人高效智能控制和节能效果，节约能源的同时提高人员工作效率，单一车间年 节约用电量约65万kWh。 传统开关整流器中，因高频斩波过程中的导通电压损失、高频开关过程损耗等，均影响了整流器效率。 德福科技通过对开关电源进行改造，用碳化硅模块代替原整流单元，减少电力转化损耗，提高整流器效 率，改造后单位产品电耗平均下降约200kWh/t。 德福科技通过对老旧车间机组污液工频泵进行永磁电机变频驱动节能改造，对工艺和设备冷却水循环泵 使用高效永磁电机变频驱动泵替代原来的工频控制，以及使用高效空气悬浮节能风机替代 ...

Core Viewpoint - The acquisition of Luxembourg Copper Foil by Defu Technology for €174 million is a strategic move that significantly enhances China's position in the copper foil market, particularly against Japanese competitors like Mitsui, which has dominated the industry for 30 years [1]. Group 1: Key Opportunities - **Technological Barrier**: The acquisition grants Defu access to critical technologies, specifically HVLP copper foil and DTH carrier copper foil, essential for AI chips, previously monopolized by Japan's Mitsui [3]. - **Profit Potential**: The processing fee for Luxembourg Copper Foil is €120 per kilogram, while Defu's own products are only €60. By leveraging lower domestic electricity costs, Defu aims to reduce operational costs by 20%, significantly boosting profit margins [4]. - **Client Portfolio**: Luxembourg Copper Foil has a prestigious client list, including major players like Nvidia and Doosan, positioning Defu to integrate Chinese copper foil into Nvidia's supply chain [5]. Group 2: Financial Considerations - **Profitability Concerns**: Despite a profit of €167,000 in Q1, Luxembourg Copper Foil reported a loss of €370,000 the previous year, raising questions about the sustainability of its operations and potential price adjustments post-acquisition [6]. - **Regulatory Approval**: The acquisition requires approval from both Chinese and European regulators, which could delay the process significantly, as seen in previous cases [7]. - **Competitive Response**: Mitsui holds 60% of the global removable copper foil market share and is likely to respond aggressively to Defu's acquisition, potentially escalating the technological competition [7]. Group 3: Strategic Recommendations - **Short-term Signals**: Investors should monitor the approval of the EU antitrust clearance and any announcements from Nvidia regarding the CoWoP technology, as these could trigger stock price movements [8]. - **Mid-term Financial Projections**: By 2026, Defu aims to achieve a sales target of 45,000 tons of high-end copper foil, potentially generating an additional €1.35 billion in net profit, doubling the projected profits for 2025 [9]. - **Long-term Market Share**: If CoWoP packaging technology penetration reaches 30% by 2027, Defu could capture 40% of the market, significantly increasing its market valuation [10].