拟定增9.6亿元！ 北方国际加码新能源产业布局

Core Viewpoint - Northern International plans to raise up to 960 million yuan through a private placement to enhance its investment in the renewable energy sector, aligning with its transformation goals of integrated investment and operation [1][2]. Fundraising Details - The private placement aims to raise a maximum of 960 million yuan, targeting no more than 35 specific investors. The issue price will be no less than 80% of the average trading price over the previous 20 trading days [2]. - The total number of shares issued will not exceed 105 million, representing no more than 30% of the company's total share capital prior to the issuance [2]. - The net proceeds will primarily fund the 125MWp solar project in Bosnia and Herzegovina, with an estimated total investment of approximately 755 million yuan, of which about 724 million yuan will come from the raised funds [2]. Project Significance - The solar project in Bosnia is crucial as it adopts the Build-Own-Operate (BOO) model, aligning with the company's strategic direction and facilitating its integrated investment and operation transformation [2]. - Bosnia is a net electricity exporter, with a total electricity export of 3.7 billion kWh in 2023, indicating a favorable market for the project's output. The EU's 2050 energy roadmap aims to phase out coal power by 2030, increasing the demand for renewable energy generation [3]. Business Model Development - Northern International is transitioning its engineering and service business from traditional EPC (Engineering-Procurement-Construction) models to BOO and BOT (Build-Operate-Transfer) models [4]. - The company aims to enhance its competitive advantage across the entire industry chain and develop a multi-business operational structure, integrating investment, operation, and various EPC business models [4]. Financial Performance - In the first quarter of 2025, Northern International reported revenues of 3.65 billion yuan, a year-on-year decrease of 27.22%, and a net profit attributable to shareholders of 177 million yuan, down 32.97% year-on-year, primarily due to fluctuations in coal prices affecting its supply chain business [4].