Shengquan Group(SH:605589) Zhong Guo Jing Ji Wang·2025-08-19 02:41Core Viewpoint - Shengquan Group (605589.SH) plans to issue convertible bonds to raise up to RMB 250 million for green energy battery materials and working capital [1][2][3] Group 1: Convertible Bond Issuance - The convertible bonds will be issued at a face value of RMB 100 each, with a term of six years [1] - The initial conversion price will be based on the average stock price over the 20 trading days prior to the announcement [1] - The issuance will be authorized by the shareholders' meeting and determined in consultation with the lead underwriter [2] Group 2: Fund Allocation - The total investment for the green energy battery materials project is RMB 250.05 million, with RMB 200 million allocated from the bond issuance [3] - An additional RMB 50 million will be used to supplement working capital [3] Group 3: Previous Fundraising Activities - The company previously raised RMB 875.27 million through a private placement of 62,252,198 shares at RMB 14.06 per share [4] - Since its IPO, Shengquan Group has raised a total of RMB 2.82 billion from two fundraising activities [5] Group 4: Financial Performance - For the first half of 2025, the company reported revenue of RMB 5.35 billion, a year-on-year increase of 16.67% [6][7] - The net profit attributable to shareholders was RMB 500.94 million, reflecting a 51.19% increase compared to the previous year [6][7] - The net cash flow from operating activities was negative at RMB -283 million [6][7]