Jiujiang Defu Technology 德福科技
38 significant filings since 1 Jun 2026: 13 on guarantee or financial assistance, 6 on share issue and 6 on equity incentive, and 5 other kinds. The latest, on 28 Sep 2026: 关于为子公司提供担保的进展公告. 1 unverified report logged, the latest on 24 Jul 2026.
自 1 Jun 2026 起有 38 份重大公告：guarantee or financial assistance 13 份、share issue 6 份、equity incentive 6 份，另有 5 类。最新一份（28 Sep 2026）：关于为子公司提供担保的进展公告。记录了 1 条未经核实的报道，最新一条见于 24 Jul 2026。
Price History 价格走势
250 trading days 个交易日 · High 最高 ¥169.44 · Low 最低 ¥28.33As of 25 Sep 2026 截至2026年9月25日
Jiujiang Defu Technology 德福科技, listed in 2023, operates in the batteries industry. The company turned profitable in 2025 with attributable net profit of RMB112.5m, up from a loss of RMB245.1m in 2024. Revenue rose to RMB12.44bn in 2025 from RMB7.81bn in 2024. The first half of 2026 shows continued growth, with revenue at RMB9.20bn and net profit at RMB263.5m. However, operating cash flow per share remained negative at -RMB0.60 in 2025 and was -RMB0.97 in the first half of 2026. Liabilities stood at 77.5% of assets as of 30 Jun 2026, and the current ratio was below 1 at 0.95, indicating short-term liquidity pressure. The stock has been volatile, with 29 trading days of 9% or more daily movement in the past year.
德福科技于2023年上市，属于电池行业。公司2025年扭亏为盈，归母净利润为1.13亿元，较2024年亏损2.45亿元明显改善。营业收入从2024年78.05亿元增至2025年124.37亿元。2026年上半年继续保持增长，营业收入达91.97亿元，归母净利润达2.63亿元。但每股经营现金流2025年为-0.60元，2026年上半年为-0.97元。截至2026年6月30日，资产负债率为77.5%，流动比率0.95，低于1，显示短期偿债压力。过去12个月有29个交易日涨跌幅达9%及以上，股价波动较大。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Operating cash outflow 经营现金净流出 | The company has an operating cash outflow. 公司存在经营现金流净流出。 | Negative operating cash flow per share at -RMB0.60 in 2025 and -RMB0.97 in the first half of 2026 indicates the core business is not generating cash. This could strain liquidity and increase reliance on financing. 2025年每股经营现金流为-0.60元，2026年上半年为-0.97元，表明主营业务未能产生现金。这可能加剧流动性压力，增加对外部融资的依赖。 |
| Liabilities at 70% of assets or more 资产负债率达70%或以上 | Liabilities are at 70% of assets or more. 负债占资产比例达70%或以上。 | Liabilities to assets stood at 77.5% as of 30 Jun 2026, which is above the 70% threshold. High leverage increases financial risk, especially if earnings weaken. 截至2026年6月30日，资产负债率为77.5%，超过70%的阈值。高杠杆水平增加财务风险，尤其在盈利下滑时更为显著。 |
| Current ratio below 1: current liabilities exceed current assets 流动比率低于1：流动负债超过流动资产 | Current ratio is below 1, meaning current liabilities exceed current assets. 流动比率低于1，即流动负债超过流动资产。 | The current ratio was 0.95 as of 30 Jun 2026, indicating the company's current assets are insufficient to cover its current liabilities. This signals short-term liquidity stress. 截至2026年6月30日，流动比率为0.95，表明公司流动资产不足以覆盖流动负债，存在短期偿债压力。 |
- Whether operating cash flow per share turns positive in the full-year 2026 results.
2026年全年每股经营现金流是否转为正值。 - Change in liabilities to assets ratio in the full-year 2026 report.
2026年全年报告中资产负债率的变化。 - Movement in receivable days and inventory days in the next filing.
下一份报告中应收账款周转天数和存货周转天数的变动。 - Revenue and net profit growth rate in the full-year 2026 results compared to the first half.
2026年全年收入和净利润增速与上半年的比较。 - Whether the current ratio remains below 1 in the full-year 2026 report.
2026年全年报告中流动比率是否仍低于1。 - Any change in the largest holder's stake in the next shareholder disclosure.
下一次股东披露中第一大股东持股比例的变化。
- Company: Jiujiang Defu Technology 德福科技, Shenzhen Stock Exchange 301511; industry Batteries; listed 17 Aug 2023.
公司：德福科技，深圳证券交易所 301511；行业：电池；上市日期：2023年8月17日。 - Close on 24 Sep 2026 RMB103.30; close on 24 Sep 2025 RMB36.24, RMB36.17 in today's terms; one-year change, adjusted for distributions and share changes +185.6%.
2026年9月24日收盘价103.30元；2025年9月24日收盘价36.24元（前复权36.17元）；一年涨跌幅（复权）+185.6%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB28.33 to RMB169.44.
52周区间（前复权）28.33元至169.44元。 - In the last 12 months 29 trading days closed 9% or more above or below the day before (all days, not only this year). The 5 most recent of them: 5 Aug 2026 +11.7%; 7 Aug 2026 +16.2%; 19 Aug 2026 -12.4%; 24 Aug 2026 -9.7%; 7 Sep 2026 +17.0%. The longest run of them on consecutive trading days: 3 days.
近12个月共有29个交易日收盘涨跌幅达9%及以上（为全部交易日，不限于今年）。其中最近5个：2026年8月5日 +11.7%；2026年8月7日 +16.2%；2026年8月19日 -12.4%；2026年8月24日 -9.7%；2026年9月7日 +17.0%。其中最长连续3个交易日。 - Market capitalisation RMB65.11bn; P/E TTM 193.1; price to book 15.41x.
总市值651.12亿元；市盈率（TTM）193.1；市净率15.41倍。 - Revenue 2025 RMB12.44bn; 2024 RMB7.81bn; change +59.3%.
营业收入2025年124.37亿元；2024年78.05亿元；同比+59.3%。 - Attributable net profit 2025 RMB112.5m; 2024 -RMB245.1m; change +145.9% (from a loss to a profit).
归属于母公司股东的净利润2025年1.13亿元；2024年-2.45亿元；同比+145.9%（扭亏为盈）。 - Net profit excluding non-recurring items, 2025 change +135.2%.
2025年扣除非经常性损益后的净利润同比+135.2%。 - Basic EPS 2025 RMB0.18; 2024 -RMB0.39.
基本每股收益2025年0.18元；2024年-0.39元。 - Operating cash flow per share 2025 -RMB0.60; 2024 -RMB0.87; operating cash flow to net profit -1.55x.
每股经营现金流2025年-0.60元；2024年-0.87元；经营现金流与净利润之比-1.55倍。 - 2025 gross margin 7.1%; net margin 2.0%; ROE 2.8%.
2025年毛利率7.1%；净利率2.0%；净资产收益率2.8%。 - At 30 Jun 2026: liabilities to assets 77.5%; current ratio 0.95; quick ratio 0.78; receivable days 69; inventory days 49.
截至2026年6月30日：资产负债率77.5%；流动比率0.95；速动比率0.78；应收账款周转天数69；存货周转天数49。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB9.20bn, change +73.5%; attributable net profit RMB263.5m, change +580.7%; operating cash flow per share -RMB0.97.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入91.97亿元，同比+73.5%；归母净利润2.63亿元，同比+580.7%；每股经营现金流-0.97元。 - Ownership: actual controller 马科; largest holder at 30 Jun 2026: 马科, 30.43%.
股权：实际控制人：马科；2026年6月30日第一大股东：马科，持股30.43%。 - Latest distribution: ex-date 4 Sep 2026, cash RMB0.10 per share.
最近一次分配：除权除息日2026年9月4日，每股现金0.10元。 - Aurelian Grade D, score 43.9 of 100, graded within a peer group of 107 companies in its industry; no rank among peers is given.
金源评级D，得分43.9（满分100），于行业同业107家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。