CHIPPACKING(SH:688216) Zheng Quan Zhi Xing·2025-08-14 16:38Core Viewpoint - The company plans to raise up to 159 million yuan through a private placement of A-shares to enhance its capital strength and improve profitability, with all proceeds intended for working capital replenishment [1][5][11]. Group 1: Background and Purpose of the Issuance - The semiconductor industry is a cornerstone of the electronic information sector, increasingly vital in global economic development, driven by new demands in cloud computing, big data, 5G, AI, and other emerging fields [1][2]. - The issuance aims to support the company's business expansion and meet the growing operational funding needs, as the semiconductor packaging and testing industry is capital and technology-intensive [6][11]. Group 2: Industry Trends and Market Potential - The global semiconductor packaging and testing market is projected to grow from 82.2 billion USD in 2023 to 96.1 billion USD by 2026, indicating a favorable market environment for sustainable development of packaging and testing enterprises [4][5]. - Advanced packaging technologies are expected to see significant growth, with the advanced packaging market forecasted to increase from 45 billion USD in 2024 to 80 billion USD by 2030, at a compound annual growth rate of 9.4% [3][4]. Group 3: Financial Aspects of the Issuance - The company intends to use the raised funds to improve its financial structure, enhance debt repayment capacity, and reduce financial risks, thereby supporting sustainable development [5][11]. - The issuance price is set at 20.11 yuan per share, which is not less than 80% of the average trading price over the previous 20 trading days [9][10]. Group 4: Issuance Participants and Compliance - The issuance will be subscribed entirely by the company's actual controllers and their affiliates, demonstrating their confidence in the company's future [6][7]. - The selection of issuance participants complies with relevant regulations, ensuring that they possess the necessary risk recognition and financial capability [8][12]. Group 5: Impact on Financial Metrics - The issuance is expected to dilute immediate returns, with projections indicating a potential decrease in earnings per share, but measures are in place to mitigate this impact [17][20]. - The company has committed to improving operational efficiency and cost management to enhance long-term shareholder value and protect investor interests [21][22].