Core Viewpoint - The company plans to issue convertible bonds to unspecified investors, which may dilute immediate returns but includes measures to compensate for this dilution [1][5][11] Financial Impact of Convertible Bond Issuance - The issuance of convertible bonds is expected to impact key financial metrics, with scenarios analyzed for net profit growth of 0%, 10%, and 20% for 2025 [2][3][4] - Under the assumption of no growth, the diluted earnings per share (EPS) and return on equity (ROE) will decrease, with basic EPS dropping from 0.47 to 1.29 under full conversion [3][4] - If net profit grows by 10%, the diluted EPS could increase to 1.40, while a 20% growth could raise it to 1.53 [4][5] Necessity and Rationality of the Bond Issuance - The funds raised will be allocated to high-performance pigment projects and working capital, aimed at enhancing profitability and market competitiveness [5][6][9] - The projects align with the company's existing business in pigment production and R&D, focusing on expanding product lines and improving production capabilities [6][8] Company’s Preparedness for Investment Projects - The company has a robust human resources management system and a skilled workforce to support the implementation of the investment projects [7][8] - The R&D team has significant experience in the pigment sector, with several products recognized as high-tech by local authorities [7][8] Measures to Mitigate Dilution of Immediate Returns - The company will accelerate the construction of investment projects to ensure timely returns and minimize the dilution of immediate returns [9][10] - Emphasis will be placed on technological innovation and operational management to enhance product quality and operational efficiency [9][10] Commitments from Company Stakeholders - The controlling shareholders and management have made commitments to ensure the effective execution of measures to mitigate the dilution of immediate returns [11][12]
双乐股份: 双乐颜料股份有限公司关于公司向不特定对象发行可转换公司债券摊薄即期回报、采取填补措施及相关主体承诺的公告