Hangzhou Landscaping (SH:605303) Zheng Quan Zhi Xing·2025-08-29 11:21Fundraising Plan - The company plans to raise a total of 200 million yuan for various projects after deducting issuance costs, with a total investment amount of 978.11 million yuan [1] - The company will initially use self-raised funds for project investments before replacing them with raised funds once available [1] Project Necessity and Feasibility - The Huixiu Cultural Tourism Engineering project has a total investment of 1.08233 billion yuan, focusing on the construction of a theater, commercial street, hotel, and parking facilities [1] - The company will undertake the project as a contractor, managing planning, design, procurement, construction, and quality control [1] Industry Trends - The construction industry is experiencing a slowdown in growth, necessitating innovative business models like EPCO to adapt to market changes [2] - The company aims to leverage new project models to enhance its presence in the cultural tourism sector and improve its market share [2] Policy Environment - National strategies such as "Beautiful China" and "Rural Revitalization" are expected to boost demand for cultural tourism projects, providing growth opportunities for the company [2] - Government policies promoting service consumption and cultural tourism are aligned with the company's business development direction [2] Financial Structure and Capital Needs - The company operates in a capital-intensive industry, requiring substantial working capital for project execution [4] - The issuance of new shares aims to supplement working capital, optimize the capital structure, and enhance profitability [7][8] Operational Impact - The fundraising will enhance the company's core competitiveness and market position, contributing to improved profitability [9] - The implementation of the fundraising projects is expected to increase the company's total assets and net assets while reducing the debt-to-asset ratio [9] Conclusion on Feasibility - The fundraising initiative aligns with national industrial policies and the company's strategic development, ensuring its necessity and feasibility [9]