ZMD(SH:688636) Zheng Quan Zhi Xing·2025-06-30 16:33Company Overview - Chengdu Zhimingda Electronics Co., Ltd. focuses on providing customized embedded modules and solutions for key national sectors, emphasizing embedded technology research and development [1][2] - The company offers high-reliability embedded computers used in advanced equipment such as aircraft, missiles, satellites, and drones, providing comprehensive solutions for critical electronic systems [2] Fundraising and Investment Plan - The company plans to raise a total of 213.4 million yuan through a simplified procedure for issuing shares to specific targets, with all funds allocated to the "Embedded Computer R&D and Industrialization Project for Unmanned Equipment and Commercial Aerospace" [3][4] - The total investment for the project is estimated at 150.4 million yuan, aimed at enhancing production capacity and product quality in key national sectors [3][4] Project Necessity and Feasibility - The project is essential for accelerating new product development and seizing opportunities in emerging business areas, particularly in unmanned equipment and commercial aerospace [4][5] - The construction of dedicated production lines for unmanned equipment and commercial aerospace will improve manufacturing efficiency and meet aerospace-grade product quality control requirements [5][6] - The project will also enhance lean manufacturing and digital management capabilities, reducing costs and increasing overall competitiveness [6][7] Market Potential - The global military drone market is projected to grow from 16.5 billion USD in 2022 to 34.3 billion USD by 2025, with a compound annual growth rate of 27.6% [7][8] - The commercial aerospace sector is experiencing rapid growth, with a significant increase in satellite launches and deployments, indicating a robust market for the company's products [8][9] Technological and Client Advantages - The company has accumulated extensive experience in the embedded computer industry, particularly in areas such as low power consumption and high reliability, which supports the successful implementation of the project [9][10] - Established relationships with key clients in national defense sectors, including major state-owned enterprises, provide a solid foundation for market penetration and project success [10] Conclusion - The fundraising plan aligns with the company's strategic goals and is expected to enhance its technological innovation capabilities, thereby strengthening its market position and competitiveness in the embedded computing sector [12][13]