Core Viewpoint - The company plans to raise a total of 465.91 million yuan through a private placement of A-shares, with the funds primarily allocated to projects related to its main business, including the establishment of a heat dissipation product project in Vietnam, a liquid cooling research center, and an information system upgrade [2][15]. Fund Utilization Plan - The total amount to be raised is 465.91 million yuan, which will be fully invested in the specified projects after deducting issuance costs [2]. - The company will initially use self-raised funds for the projects until the raised funds are available, and will adjust the investment amounts based on the actual net amount raised [2]. Feasibility Analysis of Fund Investment Projects Vietnam Heat Dissipation Product Project - The project has a total investment of 369.16 million yuan and aims to enhance production capacity for graphite heat dissipation materials and thermal interface materials [3]. - The project location in Vietnam offers advantages such as a favorable demographic profile, stable political environment, and integration into global supply chains, which will reduce logistics costs and improve responsiveness to customer needs [3][4]. - The project aligns with national development strategies and benefits from the growing demand for high thermal conductivity materials in consumer electronics [4][5]. Liquid Cooling Research Center - The project has an estimated investment of 31.59 million yuan and aims to improve the company's R&D capabilities in liquid cooling technology, targeting sectors like new energy vehicles and data centers [6][8]. - The project is supported by national policies promoting the development of data centers and computing power infrastructure, which enhances its market potential [9][11]. Information System Construction Project - The project involves an investment of 30.16 million yuan to upgrade the company's information management systems, enhancing operational efficiency and data utilization [10][11]. - The project is in line with national initiatives to promote digital transformation and improve enterprise management capabilities [11]. Working Capital Supplement - The company plans to allocate 35 million yuan to supplement working capital, which is essential for supporting operational needs and enhancing financial flexibility [12][13]. - This allocation is within the regulatory limits and aims to strengthen the company's financial position and market competitiveness [13][14]. Impact on Company Operations and Financial Status - The fundraising will enhance the company's asset structure and risk resistance, leading to improved financial stability and operational efficiency [14][15]. - The projects are expected to contribute to revenue growth and profitability, solidifying the company's position in the industry and supporting long-term strategic goals [15].
思泉新材: 2025年度向特定对象发行股票募集资金使用可行性分析报告