SW-TECH(SZ:300113) Zheng Quan Zhi Xing·2025-05-13 09:26Overview of the Capital Increase - The company plans to increase the capital of its wholly-owned subsidiary, Hangzhou Wulian Technology Co., Ltd., by 31 million yuan, raising its registered capital from 4 million yuan to 35 million yuan to support business development and improve financial structure [1][3]. Details of the Capital Increase - The capital increase was approved during the company's board meeting on May 13, 2025, and does not require shareholder approval as it falls within the board's authority [1]. - The increase is funded by the company's own funds and will not adversely affect the company's financial status or operational conditions [4]. Financial Status of the Subsidiary - As of December 31, 2024, Wulian Technology had total assets of 14.215 million yuan, total liabilities of 212.3015 million yuan, and a net asset of -19.80865 million yuan. For the year 2024, it reported revenue of 31.4055 million yuan and a net loss [3]. - As of March 31, 2025, the subsidiary's total assets were 21.062 million yuan, total liabilities were 223.3324 million yuan, and net assets were -20.22704 million yuan, with first-quarter revenue of 8.3558 million yuan and a net loss of 418.39 thousand yuan [3]. Strategic Implications - The capital increase aligns with the company's strategic planning and long-term interests, aiming to enhance Wulian Technology's operational capabilities and financial health [3].