唐源电气拟不超8.64亿定增 近1年1期经营现金净额连负

Core Viewpoint - Tangyuan Electric (300789.SZ) plans to raise up to 864.14 million yuan through a private placement of shares, with the funds allocated for various projects including the development of intelligent operation and maintenance robots for rail transit and AI model development [1][4]. Group 1: Fundraising and Investment Projects - The total amount to be raised is capped at 864.14 million yuan, which will be used for projects such as the development and industrialization of rail transit intelligent operation and maintenance robots (393.87 million yuan), AI model development (310.54 million yuan), upgrading marketing and technical service systems (79.73 million yuan), and supplementing working capital (80 million yuan) [1][3]. - The pricing benchmark for the share issuance will be set at no less than 80% of the average stock price over the 20 trading days prior to the pricing date [3]. Group 2: Shareholding and Control - As of the announcement date, the controlling shareholder, Zhou Yan, holds 36.19% of the company's shares, and together with related parties, they own 55.38% of the shares. Post-issuance, Zhou Yan's stake will decrease to 27.84%, but she will remain the controlling shareholder [4]. - The issuance will not change the company's control structure, as the actual controllers will continue to be Zhou Yan and Chen Tanglong [4]. Group 3: Financial Performance - In 2024, Tangyuan Electric reported revenues of 640 million yuan, a slight increase of 0.06% year-on-year, while net profit attributable to shareholders decreased by 32.45% to 72.88 million yuan [5][6]. - The company experienced a significant decline in cash flow from operating activities, reporting a net outflow of 20.17 million yuan compared to a positive cash flow of 104.34 million yuan in the previous year [6][7].