贝肯能源: 贝肯能源控股集团股份有限公司关于2025年度向特定对象发行A股股票募集资金运用的可行性分析报告（修订稿）

Fundraising Plan - The company plans to raise a total of up to 353.16 million yuan through a private placement of A-shares, with the funds intended for replenishing working capital and repaying debts [2][3]. Necessity and Feasibility of Fundraising - The company is a leading comprehensive service provider in oil and gas resource development, with significant demand for working capital due to the nature of its drilling engineering business [2][3]. - The global natural gas market is expected to remain tight by 2025, creating important market opportunities for the company amid increasing demand and insufficient supply growth [2][3]. - The fundraising will provide necessary financial support for sustainable development and enhance the company's capital strength, aiding in business upgrades [2][3]. Impact on Financial Structure - The company's debt-to-asset ratios over the past three years have been relatively high, at 69.47%, 68.16%, and 62.30%, indicating a need for financial optimization [3]. - The funds raised will help reduce the debt-to-asset ratio, optimize the capital structure, and lower financial risks [3][5]. Governance and Management - The company has established a sound corporate governance structure and a robust internal control environment, ensuring compliance with regulatory requirements for fundraising management [4][5]. - The board will oversee the use of raised funds to ensure they are used appropriately and to mitigate risks associated with fund usage [4]. Operational and Financial Impact - The fundraising is aligned with the company's strategic development needs, supporting stable daily operations and optimizing the business structure [5]. - Post-fundraising, the company's financial condition is expected to improve, with increased total assets and net assets, enhancing its financial strength and risk resistance [5]. Conclusion on Feasibility - The board believes that the fundraising aligns with national industrial policies and legal requirements, improves financial conditions, and enhances sustainable development capabilities, ultimately benefiting all shareholders [6].