NORINCO International(SZ:000065) Zheng Quan Zhi Xing·2025-05-29 12:19Core Viewpoint - The announcement discusses the dilution of immediate returns due to the issuance of A-shares to specific investors and outlines measures to compensate for this dilution, emphasizing the importance of protecting investors' interests [1][2][5]. Group 1: Financial Impact Analysis - The company plans to issue A-shares, which will increase the total share capital to 1,176,418,696 shares, affecting key financial metrics [2][3]. - The net profit attributable to the parent company is projected to decrease by 10% in one scenario, leading to a diluted earnings per share (EPS) of 0.88 yuan [4]. - In another scenario where net profit remains stable, the diluted EPS is expected to be 0.98 yuan, while a 10% increase in net profit would result in a diluted EPS of 1.08 yuan [4]. Group 2: Purpose and Necessity of the Issuance - The issuance aligns with national strategies to enhance the quality of listed companies and optimize state-owned enterprises, contributing to the company's transformation and high-quality development [5][6]. - The company aims to leverage the "Belt and Road" initiative to expand its international presence, particularly in Eastern Europe, with projects like the 125MWp photovoltaic project in Bosnia [5][6][10]. Group 3: Investment Projects and Company Operations - The funds raised will be used for projects closely related to the company's existing operations, enhancing its market influence and value [10][11]. - The company has a strong talent pool and operational experience in international projects, which supports the successful implementation of the fundraising projects [11][12]. Group 4: Measures to Mitigate Dilution - The company has committed to various measures to mitigate the dilution of immediate returns, including improving operational efficiency, enhancing management capabilities, and ensuring proper use of raised funds [12][14]. - The company will adhere to a structured dividend policy to protect shareholder interests and enhance future returns [14][15].