FOUNDERTECH(SH:600601) Chang Jiang Shang Bao·2025-06-12 23:21Core Viewpoint - Fangzheng Technology plans to raise funds through a private placement to accelerate its entry into the high-value-added market and expand its operational scale, with a focus on artificial intelligence and high-density interconnect circuit board production [1][2][3] Fundraising and Project Details - The company intends to issue up to 12.51 billion shares to no more than 35 specific investors, raising a maximum of 19.80 billion yuan for the construction of an artificial intelligence and high-density interconnect circuit board industrial base project, which has a total investment of 21.31 billion yuan [1][2][3] - The project aims to enhance the company's production capacity in high-end HDI products, responding to the growing demand driven by advancements in artificial intelligence and smart terminals [3][4] Support from Major Shareholders - The controlling shareholder, Zhuhai Huashi Huanxin Fangke Investment Enterprise, has committed to participate in the fundraising, contributing up to 4.65 billion yuan, which represents 23.50% of the total shares issued [1][5] Employee Incentives - Alongside the fundraising, the company has introduced a stock incentive plan for 228 core employees, granting up to 10.425 million restricted stock units at a price of 2.40 yuan per share, significantly below the market price [6][7] - The incentive plan aims to achieve specific revenue and profit growth targets from 2025 to 2027, with a focus on maintaining a strong cash flow [7] Financial Performance - Since its judicial reorganization in 2022, the company's financial performance has improved, with net profits of 1.35 billion yuan in 2023 and 2.57 billion yuan in 2024, marking a year-on-year growth of 90.55% [8] - In the first quarter of this year, the company reported a revenue of 9.52 billion yuan, a year-on-year increase of 23.68%, and a net profit of 0.78 billion yuan, reflecting a growth of 2.04% [8]