康达新材扣非两年亏4.58亿主业承压 拟定增募资不超5.85亿提升竞争力

Core Viewpoint - Kangda New Materials plans to raise up to 585 million yuan through a private placement to enhance its competitiveness, supported by state-owned assets from Tangshan [1][2][3] Group 1: Fundraising Details - The company intends to issue no more than 91.02 million shares to up to 35 specific investors, including its controlling shareholder, Tangshan Gongkong [3] - The raised funds will be allocated to an 80,000 tons/year electronic-grade epoxy resin expansion project, the Kangda Northern R&D Center, and to supplement working capital [3][8] - Following the issuance, Tangshan Gongkong's indirect stake in Kangda New Materials will decrease to 23.84%, while other investors will hold a combined 18.71% [3] Group 2: Historical Context - Since Tangshan Gongkong took control in 2019, it has consistently increased its stake through both secondary market purchases and private placements, spending approximately 104 million yuan in the past year and a half [1][4][6] - The company previously completed a private placement in August 2022, raising around 700 million yuan, with Tangshan Gongkong being the largest subscriber [4] Group 3: Financial Performance - Kangda New Materials has faced significant financial challenges, reporting a cumulative loss of approximately 458 million yuan over the past two years, with net profits of 30.31 million yuan in 2023 and a loss of 246 million yuan in 2024 [7][8] - The decline in performance is attributed to reduced market demand, asset impairment provisions, and increased expenses [7] Group 4: Strategic Adjustments - The company has divested two assets in the past six months to optimize resource allocation, selling a 66.9996% stake in Cai Jing Optoelectronics for 496 million yuan and a 61% stake in Biko Technology for 188 million yuan [8] - The fundraising aims to implement a "new materials + electronic technology" dual-drive strategy, focusing on high polymer new materials and enhancing the electronic technology segment [2][8]