Core Viewpoint - The company plans to use excess raised funds amounting to 530.4 million yuan to acquire a 46.9167% stake in Jiangsu Damo Semiconductor Technology Co., Ltd. and to increase its capital by 80 million yuan to obtain an additional 7.6923% stake, resulting in a total ownership of 51% in Damo Semiconductor, which will become a subsidiary included in the company's consolidated financial statements [1][2][9]. Fundraising Overview - The company raised a total of 2,293.11 million yuan from its initial public offering, with a net amount of 2,101.21 million yuan after deducting related expenses [2]. - The company has a total of 1,694.63 million yuan in excess raised funds as of June 30, 2025 [7]. Investment Project Details - The acquisition of Damo Semiconductor is part of the company's strategy to seek growth opportunities amid declining performance in its main business due to increased competition and trade frictions in the U.S. electric vehicle market [9][10]. - The company aims to diversify its business by entering the semiconductor industry, which is experiencing rapid growth, particularly in the semiconductor equipment market [10][11]. Financial Performance and Projections - Damo Semiconductor's revenue is expected to grow from 190.99 million yuan in 2022 to a projected 700 million yuan in 2025, with performance commitments of no less than 70 million yuan, 80 million yuan, and 90 million yuan for the years 2025 to 2027 [12][15]. - The acquisition is anticipated to improve the company's financial condition and enhance its sustainable profitability [12]. Strategic Rationale - The acquisition is seen as a crucial step for the company to overcome challenges in its core business and to explore new growth engines through investment and mergers [10][11]. - The semiconductor equipment market is projected to reach 49 billion USD in sales by 2024, with a year-on-year growth of 33.7%, indicating a favorable environment for the company's strategic shift [10][11]. Governance and Management - Post-acquisition, Damo Semiconductor will be governed by the company, which will appoint key positions to enhance management control while maintaining the existing operational structure to ensure business continuity [14].
绿通科技: 关于使用超募资金收购股权并增资的公告