Core Viewpoint - The announcement details the impact of issuing A-shares to specific investors on the company's immediate returns and outlines measures to mitigate this dilution effect on shareholder value [1][2][3]. Financial Impact Analysis - The company plans to issue 1,813,840,599 shares, resulting in a total share capital of 7,859,975,930 shares post-issuance [2]. - The estimated total funds raised from this issuance is 133,000 million yuan [2]. - Three scenarios for the company's net profit for 2025 are analyzed: 1. Net profit remains the same as in 2023. 2. Net profit increases by 10% compared to 2023. 3. Net profit decreases by 10% compared to 2023 [3]. Scenario 1: Net Profit Flat - Basic earnings per share (EPS) remains at 0.09 yuan/share. - Weighted average return on net assets is projected at 3.80% [3]. Scenario 2: Net Profit Growth - Net profit is estimated at 61,067.60 million yuan. - Basic EPS increases to 0.10 yuan/share. - Weighted average return on net assets rises to 4.17% [3]. Scenario 3: Net Profit Decline - Net profit drops to 55,516 million yuan. - Basic EPS decreases to 0.08 yuan/share. - Weighted average return on net assets falls to 3.43% [3]. Measures to Mitigate Dilution - The company commits to strict adherence to regulations regarding the management and use of raised funds to ensure effective utilization and minimize risks associated with dilution of immediate returns [2][3]. - The company will implement a three-year dividend return plan (2023-2025) to enhance shareholder value and protect minority investors' rights [5][6]. Commitments from Major Stakeholders - The controlling shareholder, Shanghai Real Estate Group, pledges not to interfere with the company's management and to uphold the interests of the company and its shareholders [6][7]. - All directors and senior management commit to ensuring the execution of measures to compensate for the dilution of returns and to avoid unfair benefit transfers [7].
中华企业: 中华企业关于向特定对象发行A股股票摊薄即期回报与填补措施及相关主体承诺(修订稿)的公告