Chengbang Eco-Environment (SH:603316) Zheng Quan Zhi Xing·2025-08-22 16:49Core Viewpoint - The company plans to issue shares to specific investors in 2025, which will dilute immediate returns but aims to enhance its financial position and competitiveness through strategic investments [1][5]. Financial Impact Analysis - The total share capital before the issuance is 264,264,000 shares, which will increase to 283,002,029 shares post-issuance [2]. - The estimated total funds raised from this issuance will not exceed 129.38 million yuan [2]. - Under three different profit scenarios for 2025 compared to 2024, the projected net profit for the parent company ranges from -99.47 million yuan to -119.37 million yuan [4][6]. Necessity and Feasibility of the Issuance - The funds raised will be used for projects that align with the company's core business and national industrial policies, enhancing its market position and profitability [5][6]. - The company is expanding its business model to include semiconductor storage alongside its existing environmental construction services [6]. Relationship with Existing Business - The raised funds will support projects such as embedded storage chip expansion and SSD upgrades, which are closely related to the company's current operations [6][7]. - The company has a strong R&D team with over ten years of industry experience, ensuring the capability to execute these projects effectively [6][7]. Measures to Mitigate Dilution of Immediate Returns - The company will implement measures such as improving governance, managing funds effectively, and enhancing operational efficiency to mitigate the impact of share dilution on immediate returns [8][10]. - A commitment to a stable profit distribution policy will be established to ensure ongoing returns to investors [10]. Commitments from Key Stakeholders - The controlling shareholders and management have made commitments to uphold the measures for compensating the dilution of immediate returns, ensuring no interference in company operations [11][12].