Zheng Quan Zhi Xing·2025-07-31 16:27Core Viewpoint - The document outlines the underwriting and issuance process for Zhejiang Biyi Electric Appliance Co., Ltd.'s stock offering, detailing the roles of the underwriter, the company's financial health, and compliance with relevant regulations [1][8][9]. Group 1: Company Overview - Company Name: Zhejiang Biyi Electric Appliance Co., Ltd. [2] - Established: March 2001 [2] - Stock Exchange: Shanghai Stock Exchange [2] - Registered Capital: 187,947,951 Yuan [2] - Legal Representative: Wen Jiwang [2] - Main Business: Manufacturing and sales of household appliances and electronic components [2]. Group 2: Shareholding Structure - Total Shares: 188,508,399 [2] - Major Shareholder: Shenzhen Nengjing Investment Holdings Co., Ltd. holds 68.30% [2]. - Actual Controller: Wen Jiwang, holding 61.82% of voting rights [3]. Group 3: Financial Performance - Revenue for 2024: 205,868.81 million Yuan [4]. - Net Profit for 2024: 13,273.16 million Yuan [4]. - Total Assets as of March 2025: 301,180.32 million Yuan [4]. Group 4: Issuance Details - The company plans to issue A-shares to specific investors, with a total fundraising target of up to 62,437.49 million Yuan [9][17]. - The issuance will not exceed 30% of the total shares prior to the offering [17]. - The pricing will be based on the average trading price over the 20 trading days prior to the issuance date [13]. Group 5: Compliance and Regulatory Approval - The issuance has been approved by the company's board and shareholders, complying with the Company Law and Securities Law [10][11]. - The offering is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [9][10]. Group 6: Profit Distribution Policy - The company has established a profit distribution policy ensuring that cash dividends will be at least 10% of the distributable profits each year [17]. - The policy aims to provide stable returns to investors while maintaining sufficient cash flow for operations [17].