Core Viewpoint - Jiangyin Electric Alloy Co., Ltd. announced that shareholder Jiangyin Qiuwai Management Consulting Partnership (Limited Partnership) plans to transfer up to 2.4 million shares, representing 0.55% of the company's total share capital, through block trading within three months after the announcement date [1][2]. Group 1: Shareholder Information - Jiangyin Qiuwai holds 19.19 million shares, accounting for 4.44% of the company's total share capital, which is 432.64 million shares as of the announcement date [2]. - The shareholder, Mr. Shen Guoxiang, who is a partner of Jiangyin Qiuwai, has retired and no longer holds any executive position in the company [2][3]. Group 2: Share Transfer Details - The planned transfer involves a maximum of 2.4 million shares, which are sourced from shares held before the company's initial public offering and shares obtained through capital reserve increases and stock dividends [2]. - After the transfer, Jiangyin Qiuwai will hold 16.79 million shares, or 3.88% of the total share capital, while Mr. Shen will hold 2.4 million shares, or 0.55% [2]. Group 3: Compliance and Commitments - Mr. Shen has adhered to his commitments regarding share transfers during his tenure and has no outstanding lock-up commitments [3][4]. - The company and its shareholders have complied with previous commitments regarding share sales and will continue to follow relevant regulations and disclosure obligations [4].

Group 1 - The core point of the announcement is that a shareholder, Mr. Shen Guoxiang, plans to transfer up to 2.4 million shares of the company through block trading, which represents 0.55% of the total share capital [1] - The company's revenue composition for the year 2024 is heavily weighted towards the copper processing industry, accounting for 97.83%, while other businesses contribute only 2.17% [1] - The current market capitalization of the company is 6.4 billion yuan [2]

证券代码：300697 证券简称：电工合金 公告编号：2025-039 公司于近日收到股东江阴秋炜及其份额持有人沈国祥先生出具的《关于股份 减持计划的告知函》，沈国祥先生拟以大宗交易方式受让江阴秋炜本次减持的全 部公司股份合计不超过 240 万股（占公司总股本比例 0.55%），现将有关情况公 告如下： 一、股东的基本情况 江阴电工合金股份有限公司 关于股东减持股份预披露公告 股东江阴秋炜管理咨询合伙企业（有限合伙）保证向本公司提供的信息内容 真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、江阴电工合金股份有限公司（以下简称"公司"）股东江阴秋炜管理咨 询合伙企业（有限合伙）（以下简称"江阴秋炜"）的份额持有人沈国祥先生计 划自本公告披露之日起 15 个交易日后的 3 个月内以大宗交易方式受让其通过江 阴秋炜间接持有的公司股份不超过 240 万股（占公司总股本比例 0.55%）。 2、公司已于 2025 年 8 月 19 日在中国证监会指定信息披露媒体巨潮资讯网 （http://www.cninfo.com.cn）上披 ...

Group 1 - The shareholder Jiangyin Qiuwai Management Consulting Partnership (Limited Partnership) plans to reduce its holdings in the company by up to 2.4 million shares through block trading within three months after the announcement date, which represents 0.55% of the total share capital [1] - As of the announcement date, Jiangyin Qiuwai holds 19.19 million shares, accounting for 4.44% of the company [1]

Group 1 - The company plans to issue convertible bonds to raise a total of no more than 545 million yuan, which will be used for a high-performance copper and copper alloy production project, replenishing working capital, and repaying bank loans [1][2] - The convertible bonds will have a term of six years, with interest paid annually and the principal returned at maturity [1] - The issuance will prioritize existing shareholders, who can choose to waive their rights, with the remaining bonds offered to institutional investors and/or through the Shenzhen Stock Exchange [2] Group 2 - In the first half of 2025, the company reported revenue of 1.431 billion yuan, a year-on-year increase of 16.31%, and a net profit attributable to shareholders of 82 million yuan, up 23.31% [2] - For the year 2024, the company achieved revenue of 2.593 billion yuan, an increase of 8.37%, but the net profit attributable to shareholders decreased by 3.62% to 131 million yuan [3][4] - The company's cash flow from operating activities turned negative at -26 million yuan in 2024, compared to a positive cash flow of 158 million yuan in the same period of 2023 [3][4]

Core Viewpoint - Jiangyin Electric Alloy Co., Ltd. plans to issue convertible bonds to raise up to 545 million yuan for projects including the production of high-performance copper and copper alloy materials and to supplement working capital and repay bank loans [1][22]. Group 1: Issuance Details - The company intends to issue convertible bonds convertible into A-shares listed on the Shenzhen Stock Exchange [1]. - The total amount to be raised is expected to not exceed 545 million yuan, which will be used for a project with an annual production capacity of 35,000 tons of high-performance copper and copper alloy materials and for working capital [1][22]. Group 2: Necessity of Issuance - Traditional bank loans are limited in amount and can lead to high financial costs, which may reduce profitability and shareholder returns [2]. - The issuance of convertible bonds provides an option for conversion into shares, combining both equity and debt characteristics, and typically has a lower coupon rate, significantly reducing financing costs [2]. Group 3: Target Investors - The issuance will prioritize existing shareholders, who have the right to waive their subscription rights, with the remaining bonds offered to institutional investors and other qualified investors [3][4]. Group 4: Pricing and Valuation - The initial conversion price will not be lower than the average trading price of the company's shares over the last 20 trading days prior to the announcement [5][7]. - The pricing method and procedures for the issuance comply with relevant regulations and are deemed reasonable [8][7]. Group 5: Use of Proceeds - The funds raised will be strictly used for the specified projects and cannot be redirected for loss compensation or non-productive expenditures [9][14]. - The projects align with national industrial policies and are expected to enhance the company's core competitiveness and sustainable development [9][22]. Group 6: Compliance and Governance - The company has established a sound organizational structure and complies with the relevant laws and regulations, ensuring proper governance and operational efficiency [10][11]. - The financial reports for the last three years have received unqualified audit opinions, indicating compliance with accounting standards [12]. Group 7: Impact on Shareholder Rights - The issuance may dilute immediate returns for existing shareholders, but the company plans to implement measures to mitigate this risk and enhance shareholder value [24][25]. - The issuance plan has undergone careful consideration by the board and will be subject to a fair vote by shareholders [23][24]. Group 8: Conclusion - The issuance of convertible bonds is deemed necessary and feasible, with a fair and reasonable plan that aligns with the company's strategic goals and benefits all shareholders [24][25].

Core Viewpoint - Jiangyin Electric Alloy Co., Ltd. plans to issue convertible bonds to unspecified investors, with a total fundraising amount not exceeding 545 million yuan, aimed at enhancing operational capacity and financial stability [6][19]. Group 1: Issuance Overview - The type of securities to be issued is convertible bonds, which can be converted into company stock and will be listed on the Shenzhen Stock Exchange's Growth Enterprise Market [6]. - The total amount of funds to be raised through this issuance is capped at 545 million yuan, with each bond having a face value of 100 yuan [6]. - The maturity period for the convertible bonds is set at six years from the date of issuance [6]. - The interest payment for the bonds will occur annually, with the principal and final interest due at maturity [7][8]. Group 2: Financial Use of Proceeds - The proceeds from the bond issuance will be allocated to projects including the production of high-performance copper and copper alloy materials, as well as replenishing working capital and repaying bank loans [19]. - The total investment for the production project is estimated at 642.77 million yuan, with 545 million yuan expected to be funded through the bond issuance [19]. Group 3: Financial Information - The company reported a total asset value of approximately 1.999 billion yuan as of June 30, 2025, with current assets amounting to about 1.699 billion yuan [21][22]. - The company’s current liabilities stood at approximately 808 million yuan, indicating a significant portion of its financial obligations [22]. - The company has shown a steady increase in cash and cash equivalents, with 276.29 million yuan reported as of June 30, 2025 [21].

Fundraising Plan - The company plans to issue convertible bonds to raise up to RMB 545 million, with the net proceeds allocated to specific projects after deducting issuance costs [1][2] - If the raised funds are insufficient for project needs, the company will use self-raised funds and replace them once the proceeds are available [2] Investment Projects - The primary project involves the construction of a facility in Xiamen to produce 35,000 tons of high-performance copper and copper alloy materials, with a total investment of RMB 485.77 million, of which RMB 388 million will come from the raised funds [2][3] - The project aims to alleviate production capacity bottlenecks and enhance order acceptance capabilities, addressing the growing demand for copper products in the local market [3][4] Market Demand and Strategic Positioning - The demand for high-quality copper products is driven by the growth of the power distribution and renewable energy sectors in Xiamen, where local supply currently relies on distant suppliers [4] - The company aims to establish a local factory to reduce logistics costs and improve response times to customer needs, thereby integrating better into the local supply chain [4] Industry Growth Opportunities - The global data center market is projected to grow from USD 187.14 billion in 2024 to USD 546.99 billion by 2031, with a CAGR of 16.8% from 2025 to 2031, indicating a significant opportunity for copper products [5] - The new energy vehicle industry in China is expected to see production increase from 1.366 million units in 2020 to 12.888 million units in 2024, with a CAGR of approximately 75.26%, further driving demand for copper materials [6] Company Strengths - The company has a strong technical foundation and management experience, recognized as a provincial engineering research center, which supports its project implementation [7] - Established relationships with major international and domestic clients enhance the company's market position and brand influence [7][8] Financial Implications - The issuance of convertible bonds will improve the company's financial structure, reduce financial costs, and enhance liquidity, supporting sustainable growth [10][11] - The project is expected to generate continuous cash flow and improve profitability, benefiting both the company and its investors [11][12]

声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 market电工合金（300697）近日发布公告，鉴于公司拟向不特定对象发行可转换公司债券，为保障投资 者知情权，维护投资者利益，公司对最近五年来是否被证券监管部门和深圳证券交易所采取监管措施或 处罚的情况进行了自查。 公告显示，电工合金自上市以来严格按照《中华人民共和国公司法》《中华人民共和国证券法》《深圳 证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第2号--创业板上市公司规 范运作》等法律法规及《江阴电工合金股份有限公司章程》的相关规定和要求，不断完善公司治理结 构，建立健全内部控制体系，规范公司运营。 经自查，公司最近五年不存在被证券监管部门和深圳证 ...

Group 1 - The company, Electric Alloy (300697.SZ), announced a plan to issue convertible bonds to unspecified investors, aiming to raise a total of no more than 545 million yuan (including principal) [1] - The net proceeds from the bond issuance, after deducting issuance costs, are intended for a project to produce 35,000 tons of high-performance copper and copper alloy materials, as well as to supplement working capital and repay bank loans [1]