Core Viewpoint - Guangdong Suqun New Material Co., Ltd. plans to issue shares to specific investors to raise funds for expanding production capacity and enhancing competitiveness in the thermal management materials market, particularly in response to growing demand from the consumer electronics and new energy vehicle sectors [1][15][27]. Group 1: Issuance Plan Overview - The company intends to raise a total of 465.9139 million yuan through this issuance, which will be fully allocated to specific projects [4][26]. - The issuance will be conducted through a private placement to no more than 35 specific investors, including qualified institutional investors and individuals [19][20]. - The final issuance price will be determined based on the average trading price of the company's shares over the 20 trading days prior to the pricing date, with a minimum price set at 80% of this average [2][21]. Group 2: Market Demand and Growth - The demand for thermal management materials is increasing due to advancements in consumer electronics, driven by technologies such as 5G, AI, and IoT, which require improved performance and efficiency [9][10]. - The new energy vehicle market is also a significant driver, with global sales projected to reach 22.397 million units in 2025, representing a 24.4% year-on-year growth [10]. - The data center market is expanding rapidly, with the global cold plate liquid cooling market expected to grow from 5.3 billion yuan in 2024 to 105.6 billion yuan by 2028, indicating a compound annual growth rate of 111.27% [11]. Group 3: Strategic Objectives - The issuance aims to optimize production capacity and reduce risks by establishing a production line in Vietnam, which is becoming a key manufacturing hub for major consumer electronics brands [12][14]. - The company seeks to enhance its service capabilities and integrate more deeply into the global supply chain of core customers, thereby solidifying its competitive advantage in the thermal management materials sector [15][27]. - The investment in a liquid cooling research center is intended to improve R&D capabilities and respond quickly to the growing demand in high-performance computing and data center applications [33]. Group 4: Regulatory and Approval Process - The issuance plan has been approved by the company's board of directors but still requires approval from the shareholders' meeting and regulatory bodies such as the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1][25]. - The company will adjust the issuance plan according to any new regulations or requirements from regulatory authorities [20][21]. Group 5: Financial and Operational Impact - The funds raised will be used to enhance production capabilities, particularly in graphite thermal materials, which are essential for various applications in consumer electronics and new energy vehicles [27][28]. - The company plans to utilize self-raised funds for initial project investments before the raised funds are available, ensuring project continuity [4][26]. - The issuance is expected to strengthen the company's financial position, allowing for better capital structure management and reduced operational risks [17][24].
思泉新材: 2025年度向特定对象发行股票预案