Core Viewpoint - Shenzhen Chuangyitong Technology Co., Ltd. plans to issue shares to specific investors to raise up to 128 million yuan to enhance its capital strength and market competitiveness, particularly in the precision connector sector for the growing new energy vehicle market [1][2][3]. Group 1: Background and Purpose of the Issuance - The connector industry is a key focus of national support, with policies promoting the development of electronic components, including connectors, which are essential for various sectors such as automotive and consumer electronics [2][3]. - The rapid growth of the new energy vehicle market in China, with sales increasing from 1.3673 million units in 2020 to 12.8659 million units in 2024, has created a strong demand for high-quality connectors [3][4]. - The issuance aims to enhance production capacity for new energy precision connectors and structural components, responding to the increasing market demand and improving the company's revenue and profitability [4][5]. Group 2: Financial Aspects of the Issuance - The total amount to be raised from the issuance is expected to be no more than 128 million yuan, with the funds allocated to projects that align with the company's strategic direction and market potential [1][7]. - The issuance will involve issuing A-shares with a par value of 1 yuan each, and the pricing will be based on the average trading price over the previous 20 trading days [6][10]. Group 3: Market and Competitive Landscape - The automotive connector market is evolving with the introduction of high-voltage fast charging technologies, which require connectors to meet stricter performance and reliability standards [4][6]. - The company has established a strong market presence and strategic partnerships with major clients in the new energy sector, enhancing its competitive edge [25][26]. Group 4: Risk Mitigation and Shareholder Protection - The company has outlined measures to mitigate the potential dilution of immediate returns for shareholders due to the issuance, including commitments from management to ensure the effectiveness of the investment projects [19][29]. - The issuance process has been structured to comply with relevant laws and regulations, ensuring fairness and transparency for all shareholders [18][17].
创益通: 2025年度以简易程序向特定对象发行股票方案的论证分析报告