Difluoro Company Named by CCTV "3·15" Evening Gala, Acquired Majority Control Last January

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By reporters from Daily Economic News | Xu Shuai Edited by Dong Xing Sheng

On March 15, CCTV’s “3.15” Gala exposed the issue of bleached chicken claws, with Henan Yifeng Electronic New Materials Co., Ltd. (hereinafter “Yifeng Electronics”) being named. Yifeng Electronics is a controlling company of Duofuduo (SZ002407), a listed company on the A-share market.

Shareholding information shows that Duofuduo, Henan Xingtu Enterprise Management Consulting Partnership (Limited Partnership), Sun Xiaofeng, Henan Polyfluoro New Materials Technology Co., Ltd., Cui Social Security, hold 54%, 25.6%, 14.4%, 4%, and 2% of Yifeng Electronics respectively.

Duofuduo is a leading enterprise in lithium hexafluorophosphate. In January last year, it acquired a 54% stake in Yifeng Electronics. As of December 31, 2023, Yifeng Electronics had total assets of 53.9388 million yuan and net assets of 32.5225 million yuan; its operating revenue for 2023 was 53.9782 million yuan, with a net profit of 295,600 yuan (audited data). As of October 31, 2024, total assets were 64.8175 million yuan, net assets 40.0424 million yuan; from January to October 2024, operating revenue was 36.2615 million yuan, with a net loss of 180,100 yuan (audited data).

Yifeng Electronics mainly engages in the research, production, and sales of high-purity electronic-grade hydrofluoric acid, electronic-grade nitric acid, and other electronic chemicals. Its products are mainly used in semiconductors, photovoltaics, and related fields. At the time, Duofuduo stated that this acquisition aligned with the company’s overall development strategy, helping to integrate high-quality resources, extend the industrial chain, and enhance the company’s market share and technological strength in the field of electronic chemicals. It is expected to have a positive impact on the company’s future business development and operational performance.

Tonight, reporters from Daily Economic News repeatedly tried to contact Duofuduo’s Secretary of the Board Peng Chao, but no one answered the phone.