EBEM(SH:603002) Shang Hai Zheng Quan Bao·2025-05-26 19:16Core Viewpoint - The company plans to increase the registered capital of its subsidiary, Zhuhai Hongchang Electronic Materials Co., Ltd., by a total of $3,800 million, enhancing its financial strength and supporting future business operations [2][3][12]. Investment Overview - The investment target is Zhuhai Hongchang Electronic Materials Co., Ltd., a subsidiary of Hongchang Electronic Materials Co., Ltd. [2] - The total investment amount includes an increase of $2,800 million from the company and an additional $1,000 million from its wholly-owned subsidiary, Hongkong Hongchang [3][4]. - After the capital increase, Zhuhai Hongchang's registered capital will rise from $8,590 million to $12,390 million [4]. Financial Performance of Zhuhai Hongchang - As of December 31, 2024, Zhuhai Hongchang reported total assets of approximately ¥2,130 million, total liabilities of about ¥1,400 million, and a net asset value of around ¥729 million [8]. - For the fiscal year 2024, Zhuhai Hongchang achieved revenue of approximately ¥1,249 million and a net profit of about ¥24 million [8]. - In 2023, the company had total assets of approximately ¥1,796 million, total liabilities of about ¥1,063 million, and a net asset value of around ¥733 million, with revenue of approximately ¥1,379 million and a net profit of about ¥54 million [9]. Board Approval and Decision-Making - The board of directors approved the capital increase in two meetings, with unanimous support [9][12]. - The investment decision falls within the board's authority and does not require shareholder approval [7][12]. Impact on the Company - The capital increase will not affect the company's control over Zhuhai Hongchang and is expected to optimize the asset-liability structure, enhancing financial strength [12]. - The investment is aimed at supporting Zhuhai Hongchang's operational activities and new project investments [12].