Core Viewpoint - The company, Shunbo Alloy, plans to issue A-shares to specific investors to raise up to 600 million RMB for the construction of two aluminum alloy projects, which are expected to enhance production capacity and meet market demand [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including qualified institutional investors and individuals [1]. - The maximum number of shares to be issued is 100 million, accounting for 14.94% of the company's total share capital as of June 30, 2025 [1]. - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days prior to the issuance [1]. Group 2: Fund Utilization - The total amount to be raised from this issuance is capped at 60 million RMB, which will be allocated to two projects: a 630,000-ton low-carbon aluminum alloy ingot project and a 500,000-ton green high-performance aluminum plate project [2][4]. - The aluminum alloy ingot project is designed to support the aluminum plate project by providing necessary raw materials [2]. Group 3: Historical Fundraising and Performance - The company previously issued convertible bonds totaling 830 million RMB, with a net amount of approximately 818.95 million RMB after expenses [5]. - The company has a history of fundraising, with a total of approximately 1.876 billion RMB raised across three fundraising events [7]. - For the first half of 2025, the company expects a net profit attributable to shareholders of between 150 million and 190 million RMB, representing a year-on-year growth of 78.81% to 126.49% [8].

Core Viewpoint - The company, Shunbo Alloy, is facing significant financial challenges, with net profits declining for three consecutive years, prompting a new fundraising initiative of 600 million yuan to support its recycling aluminum projects [1][3]. Group 1: Fundraising Details - Shunbo Alloy plans to raise up to 600 million yuan through a private placement of A-shares to no more than 35 specific investors, with the funds allocated entirely to two core projects in the recycling aluminum industry [1]. - The pricing for the new shares will be set at no less than 80% of the average trading price over the previous 20 trading days, with a maximum issuance of 100 million shares, representing 14.94% of the total share capital as of June 30, 2025 [1][2]. - The funds will be used for the "Annual Production of 630,000 Tons of Low-Carbon Environmentally Friendly Aluminum Alloy Ingot Project" and the "Annual Production of 500,000 Tons of Green Circular High-Performance Aluminum Plate and Strip Project" [1]. Group 2: Financial Performance - The company reported a drastic decline in net profit, with figures dropping from 342 million yuan in 2021 to 125 million yuan in 2023, marking a 47.96% decrease to 65 million yuan in 2024 [3]. - The previous fundraising of 600 million yuan was fully utilized by June 30, 2025, and the company is committed to using self-raised funds for project construction until the new funds are available [2][3].

Core Viewpoint - Chongqing Shunbo Aluminum Alloy Co., Ltd. has not faced any penalties from securities regulatory authorities or exchanges in the last five years, indicating a commitment to compliance and governance [1] Summary of Regulatory Measures and Rectifications - In March 2024, the Shenzhen Stock Exchange issued a regulatory letter to the company for failing to timely disclose a prompt announcement regarding the convertible bond price adjustment conditions, which violated the stock listing rules [2][3] - Following the issuance of the regulatory letter, the company organized training for its board members and management to ensure compliance with relevant laws and regulations [3][5] - In May 2025, the China Securities Regulatory Commission issued a warning letter due to the company's failure to timely disclose related party transactions, which amounted to 14.2902 million yuan, representing 0.446% of the company's audited net assets for 2024 [4][5] - The company took immediate action by informing its board and management about the warning letter and conducted training on compliance and information disclosure [5]

Core Viewpoint - The company is proceeding with a plan to issue stocks to specific investors, which is expected to enhance its overall strength and profitability, providing stable long-term returns to shareholders [1]. Group 1: Compliance and Legal Framework - The company has confirmed that the stock issuance complies with relevant laws, regulations, and normative documents, including the Company Law and Securities Law of the People's Republic of China [1][2]. - The analysis report regarding the stock issuance has been conducted thoroughly, aligning with the company's actual situation and regulatory requirements [2]. Group 2: Fund Utilization and Strategic Alignment - The intended use of the raised funds aligns with national policies and the company's development needs, supporting its long-term goals and benefiting all shareholders [2]. - Previous fundraising efforts have adhered to regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, ensuring transparency and proper management of funds [2]. Group 3: Commitment to Shareholder Returns - The company has proposed specific measures to ensure shareholder returns, with commitments from major stakeholders to fulfill these measures, in accordance with relevant government guidelines [3]. - The plan emphasizes sustainable development and the desire for reasonable returns for shareholders, particularly small and medium investors [3]. Group 4: Approval Process - The stock issuance plan requires approval from the company's shareholders and must be reviewed and registered by the Shenzhen Stock Exchange and the China Securities Regulatory Commission before implementation [3].

Meeting Information - The company will hold its second extraordinary general meeting of shareholders for 2025 on August 8, 2025, at 14:00 [1][2] - The meeting will allow both on-site and online voting through the Shenzhen Stock Exchange systems [2][5] Voting Procedures - Shareholders can vote in person or authorize others to attend and vote on their behalf [2][4] - Online voting will be available from 09:15 to 15:00 on the same day [5][6] Agenda Items - The meeting will discuss several proposals, including the issuance of A-shares to specific targets and the feasibility of using the raised funds [2][4] - All proposals require a special resolution, needing over 2/3 of the voting rights present to pass [4][5] Registration and Attendance - Shareholders must register to attend the meeting, providing necessary identification and authorization documents [4][5] - The company has provided contact information for registration inquiries [4][5]

Core Viewpoint - The report provides a verification of the use of previously raised funds by Chongqing Shunbo Aluminum Alloy Co., Ltd., confirming that the funds have been utilized in accordance with the regulations set by the China Securities Regulatory Commission [2][6]. Fundraising and Storage Situation - The company raised a net amount of RMB 413,079,107.54 from its initial public offering on August 19, 2020, after deducting issuance costs of RMB 32,650,892.46 [3]. - As of June 30, 2025, the company has used all the raised funds, and the special account for these funds has been closed [3][10]. Actual Use of Funds - The report details the actual use of funds from the initial public offering, convertible bonds, and private placements, with specific amounts allocated to various projects [6][11]. - The total amount raised from the issuance of convertible bonds was RMB 818,950,877.36, after deducting issuance costs [3]. Changes in Fund Use - There have been no changes in the use of funds from the initial public offering, convertible bonds, or private placements as of June 30, 2025 [6]. Investment Project Transfer and Replacement - The company has replaced RMB 14,160.91 million of its own funds that were initially invested in projects with the raised funds, confirming the replacement through verification reports [6][7]. Effectiveness of Investment Projects - The effectiveness of investment projects funded by the raised capital is detailed in the report, showing varying degrees of success in achieving expected benefits [11][12]. Idle Fund Usage - The company temporarily supplemented working capital with idle funds amounting to RMB 25,175,300, which was fully returned to the special account within the stipulated time [9][10]. - Over RMB 440 million of idle funds were used to purchase low-risk financial products, generating a total return of RMB 208.05 million [10]. Remaining Funds and Usage - As of June 30, 2025, the company has fully utilized the previously raised funds, with a remaining balance of RMB 13,140,852.11 in the special account, which is earmarked for future project payments [10][12].

Core Viewpoint - The company, Chongqing Shunbo Aluminum Alloy Co., Ltd., plans to issue A-shares to specific investors to meet funding needs for business development and enhance capital strength and profitability [1][2]. Group 1: Background and Purpose of the Issuance - The issuance is in response to national policies promoting the recycling of resources and the development of a circular economy, particularly in the aluminum industry [1][2]. - The company aims to raise up to 600 million yuan to fill a funding gap for projects including a 630,000-ton aluminum alloy ingot project and a 500,000-ton aluminum plate and strip project [2][3]. Group 2: Necessity of the Securities Issuance - The issuance will involve domestic RMB ordinary shares (A-shares) with a face value of 1.00 yuan each [3]. - The previous fundraising was reduced from 1.5 billion yuan to 600 million yuan due to market conditions, necessitating this new issuance to complete the required investments [2][3]. Group 3: Selection of Issuance Objects - The issuance will target up to 35 specific investors, including qualified institutional investors and other legal entities [4][5]. - All investors will subscribe to the shares in cash, ensuring compliance with regulatory requirements [5]. Group 4: Pricing Principles and Methods - The pricing will be based on the average trading price of the company's shares over the 20 trading days prior to the issuance date, set at no less than 80% of that average [6][7]. - The final pricing will be determined by the board of directors in consultation with the lead underwriter after regulatory approval [6][7]. Group 5: Feasibility of the Issuance Method - The issuance complies with relevant laws, including the Company Law and Securities Law, ensuring that all shares have equal rights [8][9]. - The issuance process has been approved by the company's board and supervisory board, and will be subject to shareholder approval and regulatory review [12][13]. Group 6: Fairness and Reasonableness of the Issuance Plan - The issuance plan has been reviewed and approved by independent directors and the board, ensuring it aligns with shareholder interests [12][13]. - The company commits to transparency by disclosing the issuance details to shareholders, safeguarding their rights [12][13]. Group 7: Impact on Shareholder Rights and Measures to Mitigate Dilution - The issuance may dilute existing shareholders' immediate returns, but the company plans to enhance capital strength and market competitiveness to mitigate this effect [13][14]. - Measures include expanding market reach and increasing product development to improve profitability and shareholder returns [13][14]. Group 8: Commitment to Regulatory Compliance and Governance - The company has established a robust governance structure and internal controls to ensure compliance with laws and protect shareholder interests [15][16]. - Commitments from major stakeholders to uphold shareholder rights and ensure the effectiveness of measures to mitigate dilution risks have been made [16]. Conclusion - The planned issuance of A-shares is deemed necessary and feasible, aligning with the company's strategic goals and benefiting shareholders [17].

Core Viewpoint - The company plans to issue A-shares to specific investors to raise up to 600 million yuan, which will dilute immediate returns but aims to enhance long-term profitability and shareholder value [2][6][15] Financial Impact - The issuance will increase the total share capital by 14.94%, with a maximum fundraising amount of 600 million yuan, not considering issuance costs [2] - The projected net profit attributable to shareholders for 2025 is estimated to be 11,662.67 million yuan, with a significant increase expected in subsequent years [3] - The basic earnings per share (EPS) before the issuance is projected at 0.38, which may decrease to 0.28 post-issuance under various profit scenarios [4][5] Company Strategy - The company focuses on the production and sales of recycled aluminum alloys, specifically targeting the production of recycled wrought aluminum alloys through the new fundraising project [6][7] - The strategic goal is to balance the production of various recycled aluminum alloy products and increase the proportion of recycled wrought aluminum alloys in the product mix [7][8] Project Feasibility - The fundraising project aligns with the company's existing business, utilizing waste aluminum as the primary raw material, thus enhancing resource recycling [6][8] - The company has established a strong foundation in terms of personnel, technology, and market resources to support the new project [11][12] Risk Mitigation Measures - To address the dilution of immediate returns, the company plans to enhance its operational capabilities and market presence, thereby improving profitability [15] - The company has implemented a robust fundraising management system to ensure the proper use of raised funds, adhering to regulatory requirements [15][16] Commitment to Shareholders - The controlling shareholders and management have made commitments to ensure the fulfillment of measures to compensate for the dilution of immediate returns, emphasizing the protection of shareholder interests [16][17]

Group 1 - The company plans to raise up to 150 million yuan by issuing A-shares to enhance its core competitiveness and profitability, focusing on two main projects: a 630,000-ton low-carbon aluminum alloy ingot project and a 500,000-ton green high-performance aluminum plate project [1][4][9] - The total investment for the aluminum alloy ingot project is estimated at 78,234,000 yuan, with 20,000,000 yuan from the raised funds, while the aluminum plate project has a total investment of 289,244,000 yuan, with 100,000,000 yuan from the raised funds [1][4] - As of June 30, 2025, the previous fundraising has been fully utilized, with the company having invested 26,314,000 yuan in the ingot project and 38,117,000 yuan in the plate project [1][4][9] Group 2 - The company aims to complete the construction of 200,000 tons of aluminum plates and supporting aluminum alloy ingots by the end of March 2026, with further expansions planned for 2026 and 2027 [3][22] - The aluminum alloy ingot project is designed to have a production capacity of 630,000 tons, while the aluminum plate project is set at 500,000 tons, with both projects expected to achieve an 80% capacity utilization rate [27][30] - The aluminum plate products will primarily serve various industries, including new energy vehicles, packaging, and consumer electronics, indicating a strong market demand [10][12][14] Group 3 - The company has established a comprehensive sales network and plans to enhance its marketing team to support the sales of the new products, leveraging existing customer relationships and expanding market share [32][21] - The aluminum plate products are expected to cater to the growing demand in sectors such as battery casings for electric vehicles and packaging materials, aligning with national policies promoting recycling and sustainability [8][13][16] - The company has a strong procurement strategy for raw materials, primarily using recycled aluminum, which is crucial for controlling production costs in the aluminum alloy ingot project [18][19] Group 4 - The aluminum industry is experiencing growth driven by the demand for lightweight materials in transportation and packaging, with the market for aluminum plates projected to expand significantly [10][12][13] - The company is positioned to benefit from the increasing focus on green and sustainable practices in manufacturing, aligning with national strategies for carbon reduction and resource recycling [9][13][14] - The overall market for aluminum products is expected to grow due to the rising demand in various sectors, including construction, automotive, and electronics, providing a favorable environment for the company's expansion plans [11][12][13]

本次发行的股票为境内上市的人民币普通股（A 股），每股面值为 1.00 元人 民币。 二、发行方式 本次发行采用向特定对象发行股票的方式，经深圳证券交易所审核通过并获 得中国证监会同意注册的批复后，公司将在规定的有效期内择机发行。 三、发行对象和认购方式 本次发行对象为不超过 35 名的特定投资者，包括符合中国证监会规定的证 券投资基金管理公司、证券公司、信托公司、财务公司、保险机构投资者、合格 境外机构投资者以及其他符合法律法规规定的法人、自然人或其他机构投资者等。 证券投资基金管理公司、证券公司、合格境外机构投资者、人民币合格境外机构 投资者以其管理的两只以上产品认购股份的，视为一个发行对象。信托公司作为 发行对象的，只能以自有资金认购。 最终发行对象将在公司通过深圳证券交易所审核并获得中国证监会同意注 册的批复后，由公司董事会在股东大会授权范围内与保荐机构（主承销商）根据 发行对象申购情况协商确定。 重庆顺博铝合金股份有限公司 2025 年度向特定对象发行 A 股股票方案 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券发 行注册管理办法》（以下简称"《注册管理办法》"）等有关法律、法 ...