SOPO(SH:600746) Zhong Guo Jing Ji Wang·2025-08-13 02:41Core Viewpoint - Jiangsu Sop (600746.SH) has announced a plan to issue A-shares to specific investors in 2025, aiming to raise funds for its integrated ethylene acetate and EVA project [1][2]. Group 1: Issuance Details - The issuance will target no more than 35 specific investors, including qualified institutional investors and individuals [1]. - The pricing for the shares will be set at no less than 80% of the average stock price over the 20 trading days prior to the issuance [1]. - The total number of shares to be issued will not exceed 30% of the company's total share capital before the issuance, amounting to a maximum of 350,352,865 shares [2]. Group 2: Fund Utilization - The total amount to be raised from this issuance is capped at 150 million yuan, which will be allocated to the ethylene acetate and EVA integrated project (Phase I) [2][3]. - The total investment for the ethylene acetate and EVA integrated project is estimated at 322.59 million yuan, with the funds raised covering a significant portion of this amount [3]. Group 3: Corporate Structure and Control - There will be no change in the controlling shareholder of the company post-issuance, with the direct controlling shareholder remaining Sop Group and the indirect controlling shareholders being Zhenjiang Urban Construction and Zhenjiang City Investment [3]. - The actual controller of the company continues to be the State-owned Assets Supervision and Administration Commission of Zhenjiang Municipal Government [3]. Group 4: Previous Fundraising Activities - The company previously raised 993 million yuan through a non-public issuance of shares, with a net amount of 984.07 million yuan after deducting issuance costs [4]. - The company has also engaged in other fundraising activities, including a plan to raise up to 40 million yuan for asset acquisitions [5]. Group 5: Financial Performance - For the first half of 2025, the company reported revenue of 3.158 billion yuan, a year-on-year decrease of 1.08%, and a net profit attributable to shareholders of 102 million yuan, down 13.01% [6]. - The net cash flow from operating activities increased by 77.59% to 276 million yuan during the same period [6].