HWASU(SH:600935) Zheng Quan Zhi Xing·2025-06-09 13:20Core Points - Anhui Hwasu Co., Ltd. is issuing A-shares to specific investors, with a total of 87,336,244 shares to be issued at a price of 2.29 RMB per share, raising approximately 200 million RMB [1][7][9] - The shares will be subject to a lock-up period of 36 months for the investors, with specific restrictions for Huai Mining Group, the controlling shareholder [1][9] - The issuance will not change the control structure of the company, as Huai Mining Group remains the controlling shareholder [1][17] Issuance Details - The total number of shares issued is 87,336,244, which is 70% of the proposed issuance [7] - The total funds raised from this issuance amount to 199,999,998.76 RMB, with net proceeds after expenses being 196,924,966.30 RMB [9][10] - The issuance price is based on the average trading price of the company's shares over the 20 trading days prior to the pricing date [7][8] Shareholder Structure - Before the issuance, the total share capital of the company was 3,507,401,812 shares, with the top ten shareholders holding 82.22% of the shares [17] - After the issuance, Huai Mining Group will hold 2,958,139,670 shares, representing 82.29% of the total shares [17] - The issuance will add 87,336,244 shares as restricted shares, which will be released after the lock-up period [17] Financial Overview - As of March 31, 2025, the company reported total assets of 1,009,912.47 million RMB and total liabilities of 424,544.64 million RMB [18] - The company reported a net loss of 5,542.75 million RMB for the first quarter of 2025, with total revenue of 106,566.82 million RMB [18] - The company has been focusing on a circular economy and resource utilization, primarily producing PVC and caustic soda [5][18]