ZXFC(SZ:002915) Zheng Quan Zhi Xing·2025-07-07 14:13Core Viewpoint - The company plans to issue shares to specific investors, which may dilute immediate returns but aims to enhance long-term profitability and business expansion through increased capital [1][2][3] Financial Impact Analysis - After the issuance, the company's net asset scale will increase, but short-term net asset return may be affected, leading to potential dilution of immediate returns [1][3] - The estimated number of shares to be issued is 16,005,666, with the total amount of raised funds being an estimate and subject to regulatory approval [2] - Key financial metrics post-issuance include: - Total shares before issuance: 32,546.84 million shares; after issuance: 34,147.40 million shares - Net profit attributable to shareholders before issuance: 1,058.00 million yuan; after issuance: 846.40 million yuan - Basic earnings per share before issuance: 0.0383 yuan; after issuance: 0.0306 yuan - Weighted average return on net assets before issuance: 0.9549%; after issuance: 0.7574% [3][4] Necessity and Rationality of Financing - The financing is deemed necessary and rational as it supports projects that enhance the company's core competitiveness and sustainable development [5] - The company has established a full industrial chain in fluorine fine chemicals, with the new project aimed at expanding production capacity for specific products [6] Project Relationship and Resource Readiness - The fundraising projects are closely related to the company's existing business, leveraging its established market position and technological capabilities [6] - The company has a strong management team with extensive experience in the fine chemical industry, ensuring effective execution of the fundraising projects [7] Measures to Mitigate Dilution of Immediate Returns - The company will enhance governance structures to ensure sustainable development and protect shareholder rights [8] - Strict management of raised funds will be implemented to ensure proper usage and mitigate risks [8] - Continuous improvement in operational efficiency and profitability will be prioritized to counteract potential dilution effects [9] Commitments from Major Stakeholders - The controlling shareholders and management have committed to ensuring the effectiveness of measures to mitigate the dilution of immediate returns [10][11]