BGT(SZ:300774) Chang Jiang Shang Bao·2025-06-24 23:42Core Viewpoint - Beijite (300774.SZ) has announced its first refinancing plan since its IPO nearly four years ago, aiming to raise up to 1.23 billion shares and a total of no more than 1 billion yuan for various projects related to its core business in industrial water treatment and resource utilization [1][2] Group 1: Financing and Investment Plans - The company plans to issue shares to no more than 35 specific investors, with the funds allocated to projects including water supply enhancement in Kashgar and wastewater treatment facilities [1] - This refinancing is significant as it marks the first time Beijite has sought additional funding since its IPO in July 2021, where it raised 1.87 billion yuan for an environmental materials project [2] Group 2: Business Performance and Challenges - Beijite's core business focuses on industrial water treatment and high-salinity wastewater resource utilization, serving sectors like coal and petroleum [1] - Despite the anticipated annual sales revenue of 700 million yuan and net profit of 182 million yuan from the IPO project, the actual performance in early 2024 and 2025 showed losses of 6.47 million yuan and 0.25 million yuan respectively, attributed to initial production challenges and rising raw material costs [2] - In Q1 2025, the company reported a revenue of 178 million yuan, a year-on-year increase of 24.62%, but net profit decreased by 36.98% to 16.29 million yuan, indicating a situation of increased revenue without corresponding profit growth [3] Group 3: Shareholder Actions - Recently, the controlling shareholder of Beijite, Quan Qiuhong, completed a share reduction, selling 12.26 million shares, which is 3% of the total share capital, for a total of approximately 93.69 million yuan [3]