China Bester (SH:603220) Zheng Quan Zhi Xing·2025-07-29 16:32Core Viewpoint - The company is issuing A-shares to specific investors in 2025, which may dilute immediate returns, and has outlined measures to mitigate this impact [1][10]. Financial Impact of the Stock Issuance - The issuance will affect key financial metrics, with assumptions made for net profit scenarios: - If net profit remains flat compared to 2024, diluted earnings per share (EPS) will be approximately 0.3305 yuan [3][4]. - If net profit increases by 10% compared to 2024, diluted EPS will rise to about 0.3636 yuan [4]. - If net profit decreases by 10% compared to 2024, diluted EPS will drop to around 0.2975 yuan [4]. Necessity and Reasonableness of the Stock Issuance - The funds raised will be allocated to projects such as intelligent computing centers and 5G network construction, aligning with the company's core business and national industrial policies [6][8]. Company’s Preparedness for Investment Projects - The company has over 30 years of experience in the telecommunications sector and has established a strong technical team capable of executing complex projects [7][8]. - The company has successfully deployed multiple intelligent computing clusters, with total computing power exceeding 15,000P, indicating readiness to meet growing market demands [8]. Measures to Mitigate Dilution of Immediate Returns - The company plans to accelerate project construction and improve resource allocation to achieve expected outcomes quickly [10]. - It will enhance financial management to reduce costs and improve overall profitability, ensuring that existing business growth complements new projects [10]. - The company aims to strengthen internal controls and governance to safeguard shareholder interests, particularly for minority shareholders [10][11]. Commitment from Management - The board and senior management have committed to ensuring the effectiveness of the measures to mitigate the dilution of immediate returns, emphasizing their responsibility to protect shareholder interests [11][13].