Feilu(SZ:300665) Zheng Quan Zhi Xing·2025-08-26 07:15Fundraising Plan - The company plans to raise a total of 323.20 million yuan through a private placement of shares, with the net proceeds intended to supplement working capital [1][2][4] Necessity and Feasibility of Fundraising - The necessity of the fundraising is highlighted by the company's increasing debt ratio, which has risen from 69.97% in 2022 to 77.39% by June 2025, indicating a need to optimize the capital structure [2][3] - The company aims to improve its financial metrics, including a declining current ratio from 1.37 in 2022 to 0.95 in June 2025, and a quick ratio decrease from 1.12 to 0.71 in the same period, emphasizing the need for additional liquidity [3] - The fundraising is deemed feasible as it aligns with the company's current development needs and complies with relevant regulations [4][5] Impact on Company Operations and Financial Status - The fundraising is expected to enhance the company's capital strength, providing robust support for business operations and long-term strategic development [5] - Post-fundraising, the company's total assets and net assets are projected to increase, alleviating cash flow pressures and improving debt repayment capabilities [5][6] Strategic Importance - The company, as the first listed entity in the domestic rail transit anti-corrosion and waterproof materials sector, is positioned to benefit from national policies promoting infrastructure and urbanization, which will drive growth in the rail transit industry [2][4]