Core Viewpoint - 隆平高科's stock issuance to specific investors has been approved, despite recent performance declines due to various market pressures, and the funds raised will be used to repay bank loans and enhance liquidity [3][7][8]. Group 1: Company Performance - 隆平高科's stock closed at 10.31 yuan on May 9, 2025, down 0.77%, with a trading volume of 181,800 shares and a turnover of 188 million yuan [1]. - The company reported a net profit of 113.87 million yuan for 2024, a decrease of 43.08% year-on-year, and a net loss of 209,470 yuan for Q1 2025, a decrease of 102.72% year-on-year [8]. - The decline in performance is attributed to low domestic and international grain prices, decreased sales of corn seeds, and increased exchange losses [4][5][8]. Group 2: Fundraising and Use of Proceeds - 隆平高科's application for issuing A-shares has been approved by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [3][7]. - The total amount to be raised is approximately 1.2 billion yuan, with net proceeds of about 1.19 billion yuan after deducting issuance costs, aimed at repaying bank loans and supplementing working capital [8]. - The issuance price is set at 7.87 yuan per share, representing 80% of the average trading price over the previous 20 trading days [6][8]. Group 3: Market Conditions and Risks - The company has indicated that the recent performance decline will not significantly impact its operational capabilities or the ongoing projects funded by the new issuance [4][5][6]. - The company has acknowledged risks related to price fluctuations, performance volatility, and exchange rate changes, which have been communicated to investors [4][6][8].
股市必读:隆平高科(000998)5月9日主力资金净流入412.51万元,占总成交额2.19%