Guosen Securities(SZ:002736) Zheng Quan Zhi Xing·2025-07-08 16:19Core Viewpoint - The company plans to utilize part of the excess funds raised from its IPO to invest in a new project aimed at enhancing its product offerings and operational efficiency in the optical communication sector [5][14][16]. Fundraising Overview - The company raised a total of RMB 960.48 million from its IPO, with a net amount of RMB 881.39 million after deducting issuance costs [2]. - The IPO involved issuing 13,340,000 shares at a price of RMB 72.00 per share, with the shares listed on the Shenzhen Stock Exchange on May 26, 2022 [1]. Investment Project Details - The new project involves the construction of access network equipment for optical communication transmission systems, with a total planned investment of RMB 153.10 million [5][6]. - The project is expected to have an internal rate of return of 24.73% and a payback period of 3.51 years, indicating strong economic benefits [5]. Market and Industry Analysis - The optical communication equipment market is projected to grow at a compound annual growth rate (CAGR) of 12%, driven by increasing demand in data centers, smart manufacturing, and smart cities [7]. - The demand for optical communication is expected to rise due to the rapid development of technologies such as 5G, IoT, and cloud computing, which require robust data transmission capabilities [6][10]. Project Feasibility and Necessity - The project aligns with national policies promoting the deployment of gigabit optical networks and is expected to enhance the company's strategic positioning in the optical communication industry [11][14]. - The implementation of this project is deemed feasible and necessary to meet the growing market demands and to optimize the company's product structure [11][12]. Impact on Company - The investment in the new project is anticipated to improve the company's overall competitiveness, expand its product line, and enhance its revenue structure [14][16]. - The project will not adversely affect the normal operations of the company or the interests of its shareholders, as it is in line with the company's development strategy [14][16]. Regulatory Compliance - The company has established a special account for the management of the raised funds and will adhere to relevant regulations and guidelines to ensure proper usage [15][16]. - The board of directors and the supervisory board have approved the use of excess funds for the new project, confirming compliance with legal and regulatory requirements [16][17].