Huarui Precision(SH:688059) Zheng Quan Zhi Xing·2025-06-13 09:54Group 1 - The company, Zhuzhou Huarui Precision Cutting Tools Co., Ltd, issued convertible bonds totaling RMB 400 million, with a net amount of RMB 393.43 million after deducting issuance costs [3][14]. - The bonds have a maturity of six years, from June 24, 2022, to June 23, 2028, with an annual interest rate that increases from 0.30% in the first year to 3.00% in the sixth year [4][11]. - The initial conversion price of the bonds was set at RMB 130.91 per share, which has been adjusted to RMB 91.31 per share as of the report date [7][8]. Group 2 - In 2024, the company reported a revenue of RMB 75.91 million, a decrease of 4.43% compared to the previous year, and a net profit of RMB 10.70 million, down 32.26% year-on-year [15]. - The decline in revenue and profit is attributed to macroeconomic fluctuations, reduced capacity utilization, and a higher proportion of lower-margin products [15]. - The company's total assets increased by 14.41% to RMB 2.53 billion in 2024 compared to 2023 [15]. Group 3 - The funds raised from the bond issuance are allocated for various projects, including the construction of precision CNC tool production lines, with a total investment of RMB 47.14 million [14][16]. - As of December 31, 2024, the company has invested RMB 322.31 million of the raised funds, with some projects experiencing delays due to the complexity of construction and the need for phased investment [17] - The company has also engaged in cash management of temporarily idle funds, investing in safe and liquid financial products [17].