Core Viewpoint - The company, Gaoxin Technology, has announced a plan to raise no more than 374 million yuan through a private placement to fund projects related to the Internet of Vehicles and a new R&D center in Shenzhen, despite a history of unsuccessful fundraising efforts and declining financial performance [2][3][8]. Fundraising Plan - The company plans to allocate 176 million yuan for the "Internet of Vehicles Communication Product Expansion Project," 87.76 million yuan for the "Shenzhen R&D and Operations Center Project," and 110 million yuan to supplement working capital [3][5]. - The total investment for the "Internet of Vehicles Communication Product Expansion Project" is 243.73 million yuan, while the "Shenzhen R&D and Operations Center Project" has a total investment of 120.41 million yuan [4][5]. Financial Performance - Gaoxin Technology has experienced a continuous decline in revenue and net profit over the past three years, with revenues of 2.33 billion yuan, 1.80 billion yuan, and 1.42 billion yuan from 2022 to 2024, respectively [14]. - The net losses for the same period were -273 million yuan, -103 million yuan, and -254 million yuan, totaling over 600 million yuan in losses [14]. Historical Context - This is the eighth time the company has proposed a private placement, with previous attempts raising over 3.2 billion yuan, but many were unsuccessful [2][8]. - The company has undergone multiple strategic shifts since its listing in 2010, transitioning from communication operations to security, big data, and now focusing on the Internet of Vehicles [2][9]. Investor Sentiment - There is significant skepticism among investors regarding the company's fundraising efforts, with concerns about the impact of low-priced placements on retail investors and accusations of habitual fundraising without delivering results [6][8]. - The absence of the controlling shareholder, Liu Shuangguang, from the current fundraising plan has raised further doubts about the company's confidence in its own strategy [6][8].

Group 1 - The company plans to raise a total of no more than 374 million yuan through a private placement to no more than 35 specific investors, which has sparked deep market discussions and doubts about various aspects of the company [1] - The company has frequently engaged in financing activities since its IPO, raising a cumulative total of 3.889 billion yuan through various methods, including stock and bond financing, primarily for product development and expansion into new business areas [2][3] - Investors have raised concerns about the company's potential "financing addiction" and "money-grabbing" behavior, as the cumulative dividends since the IPO amount to only 181 million yuan, resulting in a dividend financing ratio of 0.05 [3] Group 2 - Despite continuous financing, the company's revenue and net profit have not shown stable growth, with revenue declining from 2.326 billion yuan in 2020 to an estimated 1.417 billion yuan in 2024, and a net profit loss of 237 million yuan in 2024 [4] - The actual controller of the company, Liu Shuangguang, and his associates hold a combined 15.79% of the total share capital, which will be diluted to a minimum of 12.15% after the issuance, ensuring that he remains the controlling shareholder [4]

Group 1: Stock Suspension and Resumption - BlueDai Technology's Zhu Tangfu plans to transfer 18% of the company's shares to Jiangdong Chantuo, leading to the resumption of trading [1] - *ST Yazhen's actual controller's tender offer period has expired, resulting in stock suspension [1] Group 2: Investment Cooperation and Operational Status - Anke Biotechnology has become the exclusive agent for the sales and marketing promotion of follicle-stimulating hormone products in mainland China and Hong Kong, Macau, and Taiwan [2] - Gaoxin Information Technology plans to raise no more than 374 million yuan through a private placement for the expansion of vehicle networking communication products, the Shenzhen R&D and operation center project, and to supplement working capital [2] - Zhongyan Chemical's affiliated company has signed an agreement worth 6.809 billion yuan to acquire mining rights for natural soda ash in the Naimanqi Daqintala area [3] - Jerry Holdings has received a project award letter from Algeria's national oil company for the Hodenus natural gas booster station EPC project, with a total award amount of approximately 850 million USD or 6.126 billion yuan [3] Group 3: Performance Changes - Northern Rare Earth expects a net profit of 900 million to 960 million yuan in the first half of 2025, representing a year-on-year increase of 1882.54% to 2014.71% [4] - Dongfang Precision Engineering anticipates a net profit of 361 million to 426 million yuan in the first half of 2025, with a year-on-year growth of 120% to 160% [4] - Gansu Energy expects a net profit of 800 million to 830 million yuan in the first half of 2025, reflecting a year-on-year increase of 178.95% to 189.41% [5] - Morning Light Biotechnology forecasts a net profit of 202 million to 232 million yuan in the first half of 2025, with a year-on-year growth of 102.33% to 132.38% [6] - Muyuan Foods expects a net profit of 10.5 billion to 11 billion yuan in the first half of 2025, representing a year-on-year increase of 924.60% to 973.39% [6] - Ganli Pharmaceutical anticipates a net profit of 460 million to 500 million yuan in the first half of 2025, with a year-on-year increase of 262.47% to 293.99% [6] - Hongta Securities expects a net profit of 651 million to 696 million yuan in the first half of 2025, reflecting a year-on-year growth of 45% to 55% [7] - Shandong Glass Fiber anticipates a net profit of 8.66 million to 12.99 million yuan in the first half of 2025, recovering from a loss of 97.31 million yuan in the same period last year [7]

Core Viewpoint - The company has convened a supervisory board meeting to approve the proposal for a private placement of A-shares, which requires further approval from the shareholders' meeting [1][2][3] Group 1: Meeting Details - The supervisory board meeting was held on July 9, 2025, in Guangzhou, and the notice was sent via email on July 8, 2025 [1] - The meeting unanimously agreed to waive the notice period requirement [1] Group 2: Proposal Approval - The board approved the proposal for the company to issue A-shares to specific investors, confirming compliance with relevant laws and regulations [2][3] - The proposal for the issuance of A-shares has received 3 votes in favor, with no opposition or abstentions, and will be submitted for shareholder approval [2][3] Group 3: Issuance Details - The A-shares will be issued at a par value of RMB 1.00 per share, with all investors required to subscribe in cash [2] - The issuance will target no more than 35 specific investors, including qualified institutional investors and other eligible entities [3] - The final issuance price will be determined based on the average stock price over the 20 trading days prior to the pricing date, set at no less than 80% of that average [4] Group 4: Fund Utilization - The total amount to be raised from the issuance is capped at RMB 373.72 million, with net proceeds allocated to specific projects [6] - The company will self-fund any shortfall if the actual net proceeds are less than the planned investment amount [6] Group 5: Shareholder Rights and Control - Shares acquired through this issuance will be subject to a six-month lock-up period [7] - The issuance includes provisions to protect the company's control, limiting any single investor's post-issuance shareholding to no more than 5% of the total shares [8] Group 6: Regulatory Compliance - The company will establish a special account for the proceeds from the issuance, in compliance with regulatory requirements [12] - The proposal and related documents will be disclosed in accordance with the regulations set by the China Securities Regulatory Commission [10][11]

Core Viewpoint - The company plans to issue A-shares to specific investors in 2025, aiming to enhance its capital structure and support its growth in the automotive communication domain, particularly in smart manufacturing and autonomous driving technologies [14][15][18]. Group 1: Issuance Details - The total amount to be raised from the issuance is capped at RMB 373.72 million, which will not exceed 30% of the company's total share capital prior to the issuance, equating to a maximum of 521,154,996 shares [5][23]. - The issuance will be conducted through a cash subscription at a price not lower than 80% of the average stock price over the 20 trading days preceding the pricing date [3][21]. - The final issuance price and number of shares will be determined after approval from the shareholders' meeting and regulatory bodies [2][4]. Group 2: Purpose of Fundraising - The funds raised will primarily be used to establish a fully autonomous and controllable smart manufacturing system, enhancing the company's production capacity for automotive communication products [14][18]. - The company aims to reduce reliance on external production and improve production efficiency and product quality through automation and supply chain optimization [15][17]. - Additional funds will be allocated to R&D, ensuring the company can meet the increasing demands for advanced automotive communication technologies [18][19]. Group 3: Market Context - The automotive industry is undergoing significant transformation, with trends towards electrification, intelligence, connectivity, and sharing, driven by advancements in AI and communication technologies [14][15]. - The penetration rate of connected vehicle features in new cars has exceeded 80%, indicating a growing market for automotive communication solutions [16]. - The domestic automotive supply chain is increasingly focusing on localization and innovation, with significant growth in revenue from new energy and intelligent components [15][16]. Group 4: Shareholder Structure and Control - The issuance will not alter the company's control structure, as the actual controller's shareholding will remain above the threshold required for control [27][28]. - The issuance is designed to protect the company's control rights, limiting any single investor's shareholding post-issuance to a maximum of 5% of the total share capital [27][28]. - The company will ensure that the distribution of shares post-issuance remains compliant with listing requirements [24][28].

Core Viewpoint - The company plans to issue A-shares to specific investors, raising up to 373.72 million yuan, which may dilute immediate returns for existing shareholders [1][5][11] Financial Impact Analysis - The issuance will increase the total share capital from 173,718.33 thousand shares to 225,833.83 thousand shares [3] - Projected net profit for 2024 is -236.80 million yuan, with a potential range of net profit changes for 2025 based on different scenarios [2][4] - Under various scenarios, the basic earnings per share (EPS) could range from -0.14 to -0.16 depending on profit fluctuations [4] Necessity and Reasonableness of the Issuance - The funds will be used for projects aligned with national industrial policies and the company's strategic development, enhancing competitive strength and sustainability [5][6] - The projects include expanding vehicle networking communication products and establishing a research and operations center in Shenzhen [5][6] Measures to Mitigate Dilution of Immediate Returns - The company will implement strict management of the raised funds to ensure effective use and improve operational efficiency [7][8] - A focus on enhancing internal controls and governance structures to support sustainable growth and protect shareholder interests [8][9] Commitments from Major Stakeholders - The controlling shareholders and management have committed to ensuring the effectiveness of the measures to mitigate the dilution of immediate returns [10] - They will adhere to relevant laws and regulations, ensuring that shareholder rights are respected and protected [10]

证券代码：300098 证券简称：高新兴 公告编号：2025-046 高新兴科技集团股份有限公司 2025 年度向特定对象发行 A 股股票 方案的论证分析报告 二〇二五年七月 高新兴科技集团股份有限公司 2025 年度向特定对象发行 A 股股票方案论证分析报告 高新兴科技集团股份有限公司（以下简称"高新兴""公司"及"本公 司"）是在深圳证券交易所（以下简称"深交所"）创业板上市的公司。为满 足公司业务发展的资金需求，增强公司资本实力，提升盈利能力，实现公司战 略发展规划。根据《中华人民共和国公司法》（以下简称《公司法》）、《中 华人民共和国证券法》（以下简称《证券法》）、和《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、法规和规范性文件的 规定，公司拟向特定对象发行股票，募集资金不超过 37,372.00 万元（含本 数），扣除发行费用后将用于车联网通信产品扩产项目、深圳研发及运营中心 项目和补充流动资金。 1、人工智能与通信技术共同驱动智能网联汽车产业的蓬勃发展 全球汽车产业正经历百年未有之大变局，电动化、智能化、网联化、共享 化（"新四化"）成为核心发展趋势。其中，AI 技术的 ...

证券代码：300098 证券简称：高新兴 公告编号：2025-040 高新兴科技集团股份有限公司 2025 年度向特定对象发行 A 股股票预案 二〇二五年七月 高新兴科技集团股份有限公司 2025 年度向特定对象发行 A 股股票预案 公司声明 高新兴科技集团股份有限公司（以下简称"高新兴""公司"及"本公司"） 及董事会全体成员保证本预案内容的真实、准确、完整，并确认不存在虚假记载、 误导性陈述或重大遗漏，并对本预案内容的真实性、准确性、完整性承担个别和 连带的法律责任。 本预案按照《中华人民共和国证券法》《上市公司证券发行注册管理办法》 等法规及规范性文件的要求编制。 本次向特定对象发行 A 股股票完成后，公司经营与收益的变化，由公司自 行负责；因本次向特定对象发行 A 股股票引致的投资风险，由投资者自行负责。 本预案是公司董事会对本次向特定对象发行 A 股股票的说明，任何与之相 反的声明均属不实陈述。 投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或其他 专业顾问。 本预案所述事项并不代表审批机关对于本次向特定对象发行 A 股股票相关 事项的实质性判断、确认或批准，本预案所述本次向特定对象发 ...

特此公告。 高新兴科技集团股份有限公司 董 事 会 2025 年 7 月 9 日 1 关于 2025 年度向特定对象发行 A 股股票预案披露的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 高新兴科技集团股份有限公司（以下简称"公司"）于 2025 年 7 月 9 日召开 了第六届董事会第二十九次会议和第六届监事会第十九次会议，审议通过了本次 关于公司向特定对象发行 A 股股票的相关议案。《2025 年度向特定对象发行 A 股股票预案》《2025 年度向特定对象发行 A 股股票方案论证分析报告》《2025 年度向特定对象发行 A 股股票募集资金使用可行性分析报告》及相关文件已于 同日在中国证监会指定的信息披露网站巨潮资讯网（http://www.cninfo.com.cn） 上披露，敬请投资者注意查阅。 公司向特定对象发行 A 股股票预案的披露事项不代表审批机关对本次向特 定对象发行股票相关事项的实质性判断、确认或批准，预案所述本次向特定对象 发行股票相关事项尚需公司股东大会审议通过、深圳证券交易所审核通过并经中 国证券监督管理委员会同意注册。敬请 ...

证券代码：300098 证券简称：高新兴 公告编号：2025-045 高新兴科技集团股份有限公司 董 事 会 2025 年 7 月 9 日 1 | 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 | | --- | | 假记载、误导性陈述或重大遗漏。 | 2025 年 7 月 9 日，高新兴科技集团股份有限公司（以下简称"公司"）第 六届董事会第二十九次会议及第六届监事会第十九次会议审议通过了 2025 年度 向特定对象公开发行 A 股股票方案及相关议案，详细情况见公司于同日在中国 证监会指定创业板信息披露媒体披露的相关公告。根据监管要求，为保障投资者 知情权，公司对最近五年是否被证券监管部门和证券交易所采取监管措施或处罚 的情况进行了自查，结果如下： 经自查，公司最近五年不存在被证券监管部门和证券交易所采取监管措施或 处罚的情形。 特此公告。 高新兴科技集团股份有限公司 关于最近五年被证券监管部门和交易所采取处罚或监管措施情 况的公告 ...