Core Viewpoint - Futek Technology is accelerating its expansion in the new energy vehicle (NEV) components sector by issuing shares to raise up to 528 million yuan for capacity expansion and to enhance its competitive position in the market [1][2]. Fundraising and Project Details - The company plans to issue up to 46.6261 million shares, raising a total of no more than 528 million yuan, with the funds allocated to various projects including the intelligent manufacturing of core NEV components and the establishment of a second base for vehicle power supply production [2][3]. - The key project, "Intelligent Manufacturing of Core NEV Components (Phase III)," will receive 234 million yuan, accounting for 44.32% of the total fundraising, aiming to achieve an annual production capacity of 720,000 sets of high-voltage power supply systems [2][3]. - The second base for vehicle power supply production will receive 160 million yuan to stabilize production operations by reducing reliance on leased facilities [3]. - The new generation vehicle power supply product development project will receive 36.4243 million yuan for R&D of integrated products using GaN devices [3]. Financial Performance - From 2022 to 2024, the company's revenue was 1.65 billion yuan, 1.835 billion yuan, and 1.934 billion yuan, reflecting year-on-year growth rates of 71.13%, 11.2%, and 5.38% respectively [5]. - Net profit for the same period was 86.77 million yuan, 96.44 million yuan, and 94.61 million yuan, with growth rates of 50.53%, 11.14%, and a slight decline of 1.9% [5]. - In Q1 2025, the company achieved revenue of 506 million yuan, a significant year-on-year increase of 94.79%, while net profit was 19.66 million yuan, down 1.56% [5]. R&D Investment and Capacity Expansion - The company has maintained a high level of R&D investment, with cumulative R&D expenses reaching 616 million yuan from 2020 to 2024, and a team of 813 employees dedicated to R&D, representing 49.3% of the total workforce [4][6]. - Total assets increased from 1.535 billion yuan in 2022 to 2.285 billion yuan in 2024, marking a growth of 48.86%, with total assets reaching a historical high of 2.463 billion yuan by Q1 2025 [6].
富特科技拟定增募资不超5.28亿扩产 五年研发费6.16亿总资产增至24.63亿