ZZDC(SZ:000753) Sou Hu Cai Jing·2025-08-04 12:18Core Viewpoint - Zhangzhou Development (000753) plans to issue up to 297 million shares to raise no more than 1.05 billion yuan for business upgrades and new energy initiatives [1] Group 1: Fundraising Details - The total amount to be raised is capped at 1.05 billion yuan, which will be allocated to four major projects [1] - The specific projects include: - Zhangzhou Taiwan Business Investment Zone integrated ecological remediation project with an investment of 420 million yuan [2] - Expansion of Zhangzhou's third water plant with an investment of 180 million yuan [2] - Zhangpu Salt Field 100MW (128.6MWp) fish-solar complementary photovoltaic project with an investment of 250 million yuan [2] - 200 million yuan allocated for working capital [1][2] Group 2: Project Descriptions - The integrated ecological remediation project aims to enhance drainage facilities and achieve full coverage of the municipal sewage network, with an expected gross profit margin of around 13% [3] - The expansion of the third water plant will increase its capacity to 200,000 m³/d, addressing the growing water demand in the city, with a post-tax internal rate of return of 6.25% and a payback period of 14.32 years [3] - The photovoltaic project will utilize a fish-solar complementary model, with a post-tax internal rate of return of 8.42% and a payback period of 10.53 years [4] Group 3: Share Subscription and Lock-up Period - Fujian Zhanglong Group, the controlling shareholder, agrees to subscribe for at least 20% of the total shares issued and will not participate in the market pricing process [2] - The shares subscribed by Zhanglong Group will have a lock-up period of 18 months, while other subscribers will have a lock-up period of 6 months [2]