FORE(SZ:301368) Chang Jiang Shang Bao·2025-08-05 23:59Core Viewpoint - Fengli Intelligent has announced a significant fundraising plan to raise up to 730 million yuan, targeting the rapidly growing sectors of new energy vehicles and robotics [1][2]. Group 1: Fundraising Details - The company plans to issue shares to specific investors, with the total amount not exceeding 730 million yuan, which will be used for various projects including intelligent manufacturing of precision gears for new energy vehicles [3]. - Of the total fundraising, 270 million yuan will be allocated to the "Intelligent Manufacturing Project for Precision Gears in New Energy Vehicles," which is expected to produce 9 million precision gears annually [3]. - An additional 220 million yuan will be invested in the "New Generation Precision Transmission Manufacturing Project," which aims to produce 180,000 harmonic reducers, 200,000 micro-reducers, and 60,000 planetary reducers annually [3]. Group 2: Financial Performance - Since its listing in 2022, Fengli Intelligent has experienced stagnant revenue growth while net profit has consistently declined, with revenues of 429 million yuan in 2022 and 505 million yuan in 2024, and net profits of 44.9 million yuan, 24.09 million yuan, and 16.8 million yuan during the same period [5]. - In the first half of 2025, the company reported a slight revenue increase of 0.25% to 242 million yuan, but net profit fell by 68.79% to 3.224 million yuan due to rising costs and declining gross margins associated with new business expansions [5]. Group 3: R&D Investment - Fengli Intelligent has committed to innovation-driven development, with total R&D investment reaching 93.006 million yuan over the past five and a half years [6]. - The company has maintained a focus on high-end, miniaturized, and intelligent gear manufacturing as part of its strategic direction for industry transformation [5][6]. - As of June 30, 2025, Fengli Intelligent holds 53 patents, including 18 invention patents, and has established a comprehensive core technology system covering the entire cycle from gear design to product testing [7].