Changgao NEET(SZ:002452) Zheng Quan Zhi Xing·2025-08-15 06:01Core Viewpoint - Changgao Electric New Technology Co., Ltd. is applying to issue convertible bonds to unspecified objects and list them on the main board, with Huatai United Securities as the sponsor [1][2]. Group 1: Issuance Overview - The company intends to issue convertible bonds and has submitted the application documents in accordance with relevant laws and regulations [1][2]. - The total amount of funds to be raised is not to exceed 855.5782 million yuan, which will be used for specific projects [22][24]. Group 2: Sponsor Information - Huatai United Securities is the main underwriter, with representatives Liu Dong and Liu Tianji responsible for the recommendation [2][3]. - The sponsor has committed to conducting due diligence and ensuring the authenticity and completeness of the documents provided [9][10]. Group 3: Financial Health and Compliance - The company reported net profits of 57.9684 million yuan, 173.0765 million yuan, and 252.1039 million yuan for the years 2022, 2023, and 2024 respectively, indicating a strong financial position [15][18]. - The average distributable profit over the last three years is 161.0496 million yuan, which is sufficient to cover the interest payments on the bonds [15][17]. Group 4: Use of Proceeds - The raised funds will be allocated to the Changgao Electric New Jinzhou Production Base Phase III Project, the Changgao Electric New Wangcheng Production Base Upgrade and Expansion Project, and the Changgao Green Smart Distribution Industry Park Project [22][23]. - The company has established a management system for the raised funds to ensure compliance with the stated purposes [15][23]. Group 5: Regulatory Compliance - The issuance complies with the conditions set forth in the Securities Law and the Regulations on the Registration of Securities Issuance by Listed Companies [12][16]. - The company has fulfilled all internal decision-making procedures required for the issuance [11][12].