Haoneng(SH:603809) Sou Hu Cai Jing·2025-07-12 18:28Core Viewpoint - The company, Haoneng Co., Ltd. (603809), is implementing a strategy to enhance the efficiency of its fundraising by using foreign exchange and letters of credit for project payments, which aligns with the interests of the company and its shareholders [2][3][4]. Group 1: Stock Performance - As of July 11, 2025, Haoneng's stock closed at 14.06 yuan, down 3.3% from the previous week's closing price of 14.54 yuan [1]. - The stock reached a weekly high of 14.96 yuan on July 9 and a low of 13.62 yuan on July 11 [1]. - The company's current total market capitalization is 12.089 billion yuan, ranking 41st out of 229 in the automotive parts sector and 1383rd out of 5149 in the A-share market [1]. Group 2: Fundraising and Project Payments - The company has approved a proposal to use foreign exchange and letters of credit for payments related to its fundraising projects, which will be replaced with the raised funds [2][3]. - The company plans to issue 5.5 million convertible bonds, raising a total of 550 million yuan, with a net amount of approximately 542.39 million yuan after deducting issuance costs [3]. - The raised funds will be allocated to the construction of a key component production base for new energy vehicles and to supplement working capital [3]. Group 3: Approval and Oversight - The proposal was approved during the 14th (temporary) meeting of the sixth board of directors and the 8th (temporary) meeting of the sixth supervisory board [3][4]. - The sponsoring institution has no objections to the company's approach, stating that it will improve the efficiency of fund usage and reduce costs without affecting the normal implementation of the fundraising projects [4].