CHANGLAN TECH.(SZ:002879) Zheng Quan Zhi Xing·2025-06-20 13:13Core Viewpoint - The announcement discusses the potential dilution of immediate returns for shareholders due to the issuance of new shares to specific investors, along with measures to compensate for this dilution [1][4][8]. Financial Impact of the Issuance - The company estimates that the total number of shares will increase from 19,310.76 million to 23,072.00 million after the issuance [2][3]. - The net profit attributable to shareholders is projected to remain the same as 2024 at 74.68 million, leading to a basic earnings per share (EPS) of 0.39 yuan, which may decrease to 0.32 yuan post-issuance [2][3]. - In scenarios where net profit increases by 10% and 20%, the EPS would be 0.43 yuan and 0.46 yuan respectively, indicating a potential recovery in returns [3][4]. Necessity and Reasonableness of the Issuance - The funds raised will be used for expanding production capacity, technological upgrades, and enhancing marketing and service systems, which align with the company's strategic goals [4][5]. - The investment projects are expected to enhance the company's competitiveness and sustainable development capabilities [4][5]. Relationship with Existing Business - The projects funded by the issuance are extensions of the company's existing business, complying with national industrial policies and enhancing market opportunities [4][5]. - The company has a strong talent pool and technical expertise, which supports the successful implementation of the investment projects [5][6]. Measures to Mitigate Dilution of Immediate Returns - The company will strengthen the management of raised funds to ensure compliance and effective use, thereby protecting investor interests [7][8]. - There will be an emphasis on accelerating project implementation to achieve expected returns quickly [7]. - The company plans to enhance governance and internal controls to ensure operational efficiency and risk management [7][8]. Commitments from Key Stakeholders - The controlling shareholder and management have committed to not interfere with company operations or harm its interests, ensuring adherence to the measures designed to mitigate return dilution [9][10].