Jiangsu Huachen(SH:603097) Shang Hai Zheng Quan Bao·2025-06-17 19:59Group 1 - The company Jiangsu Huachen Transformer Co., Ltd. is issuing convertible bonds to raise funds for business expansion and to optimize its financial structure [1][34][36] - The total amount of the convertible bond issuance is RMB 460 million, with each bond having a face value of RMB 100 [34][36] - The company has a long-term credit rating of A+ for both its main entity and the convertible bonds, as assessed by United Ratings [2][47] Group 2 - The issuance aims to address capacity constraints and enhance product structure in response to increasing demand in the renewable energy sector [32][33] - The company plans to allocate the raised funds to projects including the construction of a smart manufacturing base for new energy power equipment and to supplement working capital [38][39] - The company has established a profit distribution policy prioritizing cash dividends, with a commitment to distribute at least 30% of the average distributable profits over the next three years [5][8][9] Group 3 - The company has experienced significant revenue growth, with reported revenues of RMB 1.0245 billion, RMB 1.5101 billion, and RMB 1.5809 billion for the years 2022, 2023, and 2024 respectively [26] - The company’s profit distribution policy emphasizes stable and continuous returns to shareholders while considering the company's long-term interests and sustainable development [4][6] - The company has a structured approach to managing its cash flow and working capital, with a focus on improving collection from accounts receivable [27][28]