KDL(SZ:002850) Zheng Quan Zhi Xing·2025-06-26 16:34Core Viewpoint - Shenzhen Kedali Industry Co., Ltd. has issued convertible bonds with a total scale of approximately 15.34 billion RMB, aimed at funding precision structural components for new energy vehicle batteries and other projects [4][6]. Group 1: Company Overview - Shenzhen Kedali Industry Co., Ltd. specializes in the research and manufacturing of precision structural components for batteries and automotive parts, having established itself as a leading player in the domestic market over 28 years [6]. - The company has formed long-term strategic partnerships with major domestic and international clients, including CATL, LG, Panasonic, and Tesla [6]. Group 2: Financial Performance - The company's total assets reached approximately 190.51 billion RMB, with total liabilities of about 73.66 billion RMB, resulting in a net asset value of approximately 116.85 billion RMB [7]. - The operating income for the years 2022, 2023, and 2024 was approximately 86.54 billion RMB, 105.11 billion RMB, and 120.30 billion RMB, respectively, indicating a growth rate of 14.44% [11]. - The net profit for the same years was not specified, but the operating cash flow showed a significant increase, reaching approximately 21.48 billion RMB in 2024 [11]. Group 3: Bond Issuance and Management - The convertible bonds, known as "Keli Convertible Bonds," have a term of 6 years, with an issuance scale of 153,437.05 million RMB [4][5]. - The bond's interest rates are set at 0.30% for the first year, 0.50% for the second year, and 1.00% for the third year, with annual interest payments [5]. - The bond's conversion price was adjusted from 152.20 RMB to 150.70 RMB per share, effective from May 24, 2024, due to market conditions [5][6]. Group 4: Use of Proceeds - The net proceeds from the bond issuance will be allocated to projects including the precision structural components for new energy vehicle batteries, with a total of 60 million RMB for the second phase of the project and 21.51 million RMB for working capital [7][8].