Daqian(SH:603955) Zheng Quan Zhi Xing·2025-07-15 16:22Core Viewpoint - The announcement details the impact of the 2025 A-share issuance on the company's immediate returns and outlines measures to mitigate the dilution effect on shareholders [1][5]. Group 1: Impact of Issuance on Immediate Returns - The company analyzed the impact of the stock issuance on key financial metrics, specifically focusing on the dilution of immediate returns for shareholders [1][5]. - The estimated net profit for the company in 2025 is projected to be CNY 245.85 million, with a non-recurring profit of CNY 218.84 million, based on assumptions of profit growth [2][3]. - Three scenarios were considered for the projected net profit: 80%, 100%, and 120% of the previous year's profit, affecting earnings per share (EPS) calculations [2][3]. Group 2: Financial Projections - Under the first scenario (80% of last year's profit), the diluted EPS is expected to decrease from CNY 0.07 to CNY 0.05 post-issuance [3][4]. - In the second scenario (100% of last year's profit), the diluted EPS is projected to drop from CNY 0.07 to CNY 0.06 [4]. - The third scenario (120% of last year's profit) anticipates an increase in net profit to CNY 11.80 million, with diluted EPS remaining at CNY 0.07 [4]. Group 3: Measures to Mitigate Dilution - The company plans to enhance corporate governance to ensure sustainable development and protect shareholder rights [6][7]. - A dedicated fund management approach will be implemented to ensure that the raised capital is used effectively and in accordance with regulatory requirements [8]. - The company has committed to a profit distribution policy that aims to enhance shareholder returns, particularly for minority shareholders [8][9]. Group 4: Commitments from Management - The board of directors and senior management have made commitments to ensure the effectiveness of the measures to mitigate the dilution of immediate returns [10][11]. - The controlling shareholder has also pledged to support the measures aimed at protecting shareholder interests [11].