Ningbo KBE Electrical Technology (SZ:300863) Zheng Quan Zhi Xing·2025-07-11 09:15Group 1 - The company, Ningbo KBE Electrical Technology Co., Ltd., is issuing convertible bonds to unspecified investors to raise funds for three major projects: Shanghai High-Speed Copper Cable Project, Mexico Automotive Cable and High-Speed Copper Cable Production Base Project, and Ningbo Automotive Cable Reconstruction Project [2][10][14] - The company has received a credit rating of A+ with a stable outlook for the convertible bonds from Shanghai New Century Credit Rating Investment Service Co., Ltd. [2][3] - The company aims to optimize its product and capacity structure, enhance profitability, and improve technological capabilities through the funds raised from this issuance [14] Group 2 - The automotive cable market is experiencing growth due to the increasing demand for electric and intelligent vehicles, with global automotive sales rising by 15% over the past three years [14] - China remains the largest automotive market, with a 17% increase in automotive sales, while North America is the second largest market, also growing by 17% [14] - The company plans to implement a stable and active profit distribution policy, with cash dividends expected to be at least 10% of the distributable profits each year, and higher percentages based on the company's development stage and capital expenditure needs [4][5][6] Group 3 - The company has a history of consistent profit distribution, with cash dividends of RMB 29.57 million in 2022, RMB 44.44 million in 2023, and projected cash dividends of RMB 40.14 million in 2024 [7][8][9] - The company’s dividend policy is designed to balance shareholder returns with the need for reinvestment in growth opportunities [3][5] - The company is committed to maintaining a transparent communication process with shareholders regarding dividend distribution and any changes to the policy [6][11]