KHtech(SH:603052) Zheng Quan Zhi Xing·2025-05-09 10:49Core Viewpoint - Suzhou Kecuan Electronics Technology Co., Ltd. is in the process of issuing convertible bonds to unspecified objects, with legal opinions and updates provided by Shanghai Jintiancheng Law Firm regarding the issuance and related matters [1][2][3]. Group 1: Legal and Regulatory Compliance - The law firm has conducted thorough checks and confirmed that the issuance of convertible bonds complies with relevant laws and regulations, including the Company Law and Securities Law [8][12][18]. - The company has received necessary approvals from its board and shareholders for the bond issuance, ensuring that the procedures followed are legal and valid [9][11]. Group 2: Financial and Operational Status - The company has reported a net cash flow from operating activities of 26.19 million yuan, 192.81 million yuan, and 182.04 million yuan for the years 2022, 2023, and 2024 respectively, indicating stable cash flow [16]. - The company's net profit for the last three years was 155.59 million yuan, 78.67 million yuan, and 56.84 million yuan, with an average return on equity of 12.36%, demonstrating profitability [17]. Group 3: Administrative and Legal Issues - The company faced one minor administrative penalty during the reporting period, which was deemed not to significantly harm the interests of the company or its investors [4][5]. - As of the date of the supplementary legal opinion, there are no major pending lawsuits or arbitrations that could adversely affect the company's main business operations [6][8]. Group 4: Business Operations and Market Position - The company's main business revenue for the reporting period was 769.40 million yuan, 721.75 million yuan, and 904.79 million yuan, indicating a strong focus on its core operations [20]. - The company is engaged in the research, design, production, and sales of electronic components and materials, with a registered capital of 134.848 million yuan [10][11]. Group 5: Shareholder Structure and Control - The major shareholders of the company have not changed, and the company maintains a stable control structure with no restrictions on shareholder rights [19][21]. - The company has a clear independence in its operations, with no significant influence from related parties that could affect its business decisions [22][23].