步科股份: 上海步科自动化股份有限公司向特定对象发行股票证券募集说明书（注册稿）

Group 1 - The company, Shanghai Buke Automation Co., Ltd., is planning to issue A-shares to specific investors in 2023, with the total number of shares not exceeding 25,200,000 [4][5] - The issuance will be subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [3][7] - The final issuance price will be no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date [3][6] Group 2 - The total amount of funds raised, after deducting issuance costs, will be allocated to specific projects, including the construction of an intelligent manufacturing production base, with a total investment of RMB 66,115.62 million [5] - The project aims to achieve an annual production capacity of 1.81 million industrial control products, but faces risks related to market demand and competition [8][10] - The company has experienced fluctuations in revenue, with reported revenues of RMB 53,930.65 million, RMB 50,648.03 million, and RMB 54,746.85 million for the years 2022, 2023, and 2024 respectively [10][11] Group 3 - The company is currently facing challenges related to production capacity and market competition, which may impact its sales growth and profitability [10][11] - The company’s major shareholders include various investment funds, with the largest shareholder holding 44.02% of the shares [15] - The company operates in the industrial automation sector, which is characterized by high technical requirements and significant R&D investments [12][14]