KDXC(SZ:002669) Zheng Quan Zhi Xing·2025-06-18 12:26Core Viewpoint - The company is issuing shares to specific investors, which will dilute immediate returns but includes measures to compensate for this dilution [1][4][5] Financial Impact Analysis - The total amount raised from the share issuance is 585 million yuan, with the number of shares issued increasing from 30,340,000 to 39,442,000 [2][3] - Under three scenarios for 2025, the diluted earnings per share (EPS) will be affected as follows: - Scenario 1 (2024 profit level): EPS will decrease from -0.82 to -0.81 [2][3] - Scenario 2 (10% increase in profit): EPS will decrease from -0.82 to -0.72 [3] - Scenario 3 (10% decrease in profit): EPS will decrease from -0.82 to -0.88 [3] - The weighted average return on equity (ROE) is projected to decline in all scenarios, indicating a short-term impact on financial performance [3] Necessity and Reasonableness of the Issuance - The funds raised will be used for project construction and to supplement working capital, which is deemed necessary for improving the company's financial condition and supporting existing business operations [4][5] Measures to Mitigate Dilution Impact - The company plans to implement several measures to ensure effective use of raised funds and mitigate the dilution of immediate returns, including: - Strengthening fund management and ensuring compliance with regulations [5][6] - Actively implementing investment projects to enhance operational efficiency and competitiveness [5][6] - Improving overall management efficiency through talent development and cost control [6] - Strictly adhering to cash dividend policies to enhance investor returns [6] Commitments from Stakeholders - The controlling shareholders and management have committed to ensuring the effectiveness of the measures to compensate for the dilution of immediate returns, with legal responsibilities outlined for any breaches of these commitments [7][8]