FiberHome(SH:600498) Zheng Quan Zhi Xing·2025-08-21 11:18Core Viewpoint - The company, Fiberhome Telecommunication Technologies Co., Ltd., is preparing for a specific object issuance of A-shares to raise funds for operational liquidity, with a total fundraising amount of approximately 1.1 billion yuan [9][20]. Group 1: Company Overview - Fiberhome is a leading entity in the optical communication industry, integrating three strategic technologies: optical communication systems, optical fibers and cables, and optoelectronic devices [2]. - The company has established production bases and R&D centers in Southeast Asia, South America, and Europe, serving over 100 countries and regions, impacting around 4 billion people globally [2]. - Fiberhome is recognized as a key player in China's optical communication sector, contributing to national laboratories and innovation centers [2]. Group 2: Financial Data - As of March 31, 2025, the total assets of the company amounted to approximately 42.41 billion yuan, with total liabilities of about 26.66 billion yuan, resulting in total equity of approximately 15.75 billion yuan [3]. - The company's revenue for the first quarter of 2025 was approximately 404.85 million yuan, with a net profit of about 54.20 million yuan [3]. - The company reported a decline in cash flow from operating activities, with a net cash flow of -153.35 million yuan for the year 2024 [4]. Group 3: Issuance Details - The issuance will consist of 86,546,026 shares at a price of 12.71 yuan per share, adjusted from an initial price of 12.88 yuan due to a rights distribution [9][22]. - The funds raised will be used entirely to supplement the company's working capital, aligning with national industrial policies [20]. - The shares issued will be subject to a 36-month lock-up period for the subscribing entity, China Information Communication Technology Group [10][20]. Group 4: Regulatory Compliance - The issuance process has been approved by relevant regulatory bodies, confirming compliance with the Company Law and Securities Law [17][18]. - The company has conducted necessary internal procedures and obtained approvals from its board and shareholders for the issuance [14][16]. - The fundraising plan has been reviewed and deemed compliant with the requirements set forth by the China Securities Regulatory Commission [19].