Core Viewpoint - Fengmao Co., Ltd. is adjusting its fundraising purposes to establish an intelligent chassis thermal control system production base in Yuyao City, with a total investment not exceeding 1.5 billion RMB [1][3][4]. Group 1: Project Details - The company plans to sign an intention agreement with the Yuyao Industrial Park Management Committee for the new project [3]. - The previous plan to build the project in Jiaxing has been terminated due to strategic adjustments, with funds redirected to the new Yuyao project [4][5]. - The project aims to enhance production capacity for thermal management systems, air suspension systems, and sealing systems to meet market demand and strengthen competitiveness in the automotive supply chain [3][4]. Group 2: Financial Adjustments - The company will adjust part of the previously allocated fundraising for the Jiaxing project to the new Yuyao project, specifically reallocating 60 million RMB [7]. - The Jiaxing project had not commenced implementation or incurred any financial investment [5]. Group 3: Financial Performance - Fengmao Co., Ltd. reported revenues of 608 million RMB, 802 million RMB, and 949 million RMB for 2022 to 2024, with year-on-year growth rates of 9.62%, 31.83%, and 18.34% respectively [8]. - Net profits for the same period were 102 million RMB, 138 million RMB, and 162 million RMB, with growth rates of 46.03%, 35.14%, and 17.03% respectively [8]. - In Q1 2025, the company reported revenues of 196 million RMB, a slight increase of 0.09%, while net profit decreased by 21.04% to 28.72 million RMB [9]. Group 4: R&D Investment - The company has consistently increased its R&D expenses over the past five years, with amounts of 25.74 million RMB, 36.21 million RMB, and 47.19 million RMB from 2022 to 2024, reflecting growth rates of 9.89%, 40.70%, and 30.30% respectively [10][11]. - In Q1 2025, R&D expenses reached 10.34 million RMB, marking an 8.18% increase year-on-year [12].
丰茂股份换地点投15亿建生产基地 研发费五连增传动产品已批量供货