SHREG(SZ:000803) Zheng Quan Zhi Xing·2025-07-16 13:19Core Viewpoint - The company is issuing A-shares to specific investors, which will dilute immediate returns but includes measures to compensate for this dilution [1][5][9] Financial Impact Analysis - The total share capital before the issuance is 470,988,309 shares, which will decrease to 466,296,153 shares before the issuance and increase to 606,184,998 shares after the issuance [2] - The net profit attributable to the parent company is projected to remain the same as 2024, with estimates of 15 million and 40 million yuan for different scenarios [2][3] - Basic earnings per share (EPS) before dilution is 0.03 yuan, while after dilution it is expected to be 0.01 yuan [2][3] Necessity and Feasibility of the Issuance - The issuance is necessary to support the company's sustainable development strategy and to meet operational funding needs [5][6] - The raised funds will be used to supplement working capital and repay bank loans, which aligns with the company's current development needs [5][6] Measures to Mitigate Dilution Impact - The company plans to enhance the supervision of raised funds to ensure they are used effectively and legally [7][8] - There will be a focus on improving overall profitability and optimizing the capital structure to reduce financial risks [8] - The company has established a governance structure to ensure compliance with laws and regulations, enhancing investor protection [8][9] Commitments from Major Stakeholders - The controlling shareholder and management have made commitments to not interfere with the company's operations and to ensure the effectiveness of the compensation measures [9][10] - They have pledged to adhere to regulations and take responsibility for any breaches of these commitments [10]