ZSIG(SH:600313) Zhong Guo Jing Ji Wang·2025-08-18 06:47Core Viewpoint - The company, Nongfa Seed Industry (600313.SH), plans to issue A-shares to specific investors to raise a total of up to 406.96 million yuan, primarily to repay government funds and supplement working capital [1][2]. Fundraising Details - The total amount to be raised is 406,961,078 yuan, with 288,560,000 yuan allocated for repaying government funds and 118,401,078 yuan for supplementing working capital [2]. - The shares will be issued as domestic listed RMB ordinary shares (A-shares) with a par value of 1.00 yuan per share [2]. - The issuance will be conducted through a private placement to specific investors, subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [2][3]. Shareholder Information - The issuance targets the actual controller, China Nongfa Group, and its affiliate, Huanong Assets, who will subscribe to the shares in cash, with China Nongfa Group planning to invest 306.96 million yuan and Huanong Assets 100 million yuan [2][3]. - The number of shares to be issued is 79,175,306, not exceeding 30% of the company's total share capital prior to the issuance [3]. Control and Ownership - As of the announcement date, China Nongfa Group directly holds 12.07% of the company's shares and indirectly holds 27.71% through other entities, maintaining its status as the actual controller post-issuance [4]. - The issuance will not change the company's control or affect its compliance with listing conditions [4]. Financial Performance - In 2024, the company reported a revenue of 5.56 billion yuan, a decrease of 17.72% year-on-year, and a net profit attributable to shareholders of 46.89 million yuan, down 63.08% [4][5]. - The first quarter of 2025 showed a revenue increase of 85.29% year-on-year to 1.57 billion yuan, with a net profit of 51.62 million yuan, up 13.55% [5][7].