XCC(SH:603667) Zheng Quan Zhi Xing·2025-06-20 09:05Core Viewpoint - The announcement discusses the impact of the upcoming issuance of A-shares on the company's immediate returns and outlines specific measures to mitigate the dilution effect on shareholders [1][5]. Financial Impact Analysis - The company analyzed the impact of the A-share issuance on key financial metrics, assuming that the net profit attributable to shareholders remains stable or varies by 10% in 2025 compared to 2024 [2][4]. - Under different scenarios, the basic earnings per share (EPS) and diluted EPS are projected to decrease slightly due to the increase in total shares outstanding [2][4]. - In the first scenario, if the net profit remains the same, the basic EPS is expected to drop from 0.25 to 0.24, while in the second scenario with a 10% increase in profit, it remains at 0.27 [2][4]. Necessity and Rationality of the Issuance - The funds raised from the issuance will be used for the development and industrialization of intelligent robots and core components for automotive intelligent driving, as well as to supplement working capital [5]. - The projects align with the company's existing business and strategic direction, enhancing market competitiveness and ensuring sustainable development [5][6]. Project Relationship with Existing Business - The company has a strong foundation in the bearing industry and aims to upgrade and expand its operations through the new projects [5][6]. - The company has a well-established technical team and a solid market presence, with a focus on high-end clients in the industrial and automotive sectors [6][7]. Measures to Mitigate Dilution of Immediate Returns - The company will implement strict management of the raised funds to ensure they are used effectively and in compliance with regulations [8]. - Efforts will be made to ensure the timely progress of investment projects to enhance the efficiency of fund usage and achieve expected benefits quickly [8]. - The company will continue to optimize existing business operations and enhance performance to offset the dilution of immediate returns [8][9]. Commitments from Management and Major Shareholders - The board of directors and senior management have committed to ensuring the effectiveness of the measures to mitigate the dilution of immediate returns [10][11]. - Major shareholders have also made commitments to uphold these measures and accept responsibility for any losses incurred due to non-compliance [10][11].