国力股份: 中证鹏元关于关注昆山国力电子科技股份有限公司变更公司可转换债券部分募投项目的公告

Core Viewpoint - The company, Kunshan Guoli Electronics Technology Co., Ltd., has announced a change in the investment projects funded by its convertible bonds, reallocating funds from a solar-related project to a new high-end electronic vacuum device manufacturing expansion project due to underperformance in the original sector [1][2]. Group 1: Company Announcement - The company has reduced the funding for the original project "Production of AC Contactors for Wind and Solar Storage and Flexible Direct Current Transmission" from 200 million yuan to 57.5 million yuan [1]. - The new project, "Expansion of Intelligent Manufacturing for High-end Electronic Vacuum Devices and Integrated Systems," is expected to be completed by 2027 and will utilize the adjusted funds [1]. - The decision to change the investment focus is attributed to lower-than-expected demand in the photovoltaic upstream equipment sector and increased competition affecting product pricing and profit margins [1]. Group 2: Financial Ratings - The credit rating agency, Zhongzheng Pengyuan, has maintained the company's credit rating at A+ with a stable outlook, reflecting confidence in the company's financial health despite the project changes [2]. - The credit rating for the convertible bond, "Guoli Convertible Bond," remains at A+, valid until August 27, 2025 [2]. - The agency will continue to monitor the construction, production, and future revenue of the new investment project to assess its impact on the company's credit rating [2].