Core Viewpoint - Shaoyang Hydraulic has decided to terminate its plan for a private placement of shares for the year 2024, which will not adversely affect its normal operations or sustainable development [1][3]. Group 1: Termination of Share Issuance - The company held its sixth board meeting on May 26, 2024, where it approved the termination of the private placement of shares [1]. - The decision to terminate the issuance does not require shareholder approval as it falls within the board's authority [1]. - The company reassured that its production and operational activities are proceeding normally and that the termination will not harm the interests of shareholders, especially minority shareholders [1]. Group 2: Details of the Proposed Share Issuance - The proposed private placement was intended for a specific investor, Cui Wuhong, who is the controlling shareholder and chairman of the company [1][3]. - The planned issuance was set at a price of 9.76 yuan per share, which is 80% of the average trading price over the previous 20 trading days [2]. - The maximum number of shares to be issued was 15,368,852, representing 13.93% of the total share capital before the issuance [2]. Group 3: Financial Performance - For the year 2024, the company reported revenue of 351.19 million yuan, a year-on-year increase of 27.33% [5]. - The net profit attributable to shareholders was 6.40 million yuan, a decrease of 2.76% compared to the previous year [5]. - The net profit after excluding non-recurring items was 1.74 million yuan, reflecting a significant increase of 51.98% [5]. - The company experienced a negative cash flow from operating activities of -2.57 million yuan, compared to a positive cash flow of 10.52 million yuan in the previous year [5]. Group 4: Shareholder Structure - As of April 30, 2024, Cui Wuhong directly held 32,497,967 shares, accounting for 29.45% of the total share capital, and indirectly controlled an additional 3,653,417 shares through a related party [3]. - After the proposed issuance, the total share capital would increase from 110,364,584 shares to 125,733,436 shares, with Cui Wuhong's total control rising to 40.98% [3].
邵阳液压终止向实控人定增 2021年上市募2.5亿