CGWS(SZ:002939) Zheng Quan Zhi Xing·2025-08-29 16:17Core Viewpoint - Guangdong Suqun New Materials Co., Ltd. is preparing to issue shares to specific investors, aiming to raise funds for various projects, including the development of heat dissipation products and a liquid cooling research center, while ensuring compliance with relevant regulations and maintaining transparency in its financial disclosures [1][10]. Group 1: Company Overview - The company specializes in thermal management materials, magnetic materials, and nano-protective materials, focusing on enhancing the stability and reliability of electronic products [3]. - As of March 31, 2025, the company has a registered capital of 80.75 million yuan and operates as a high-tech enterprise in the functional materials sector [2][4]. - The main products include artificial graphite heat dissipation films and sheets, primarily used in consumer electronics such as smartphones and laptops, with plans to expand into new energy vehicles and servers [3][5]. Group 2: Financial Data - As of December 31, 2022, the total assets of the company were 1.56 billion yuan, with total liabilities of 502.98 million yuan, resulting in shareholders' equity of 1.06 billion yuan [4]. - For the first quarter of 2025, the company reported an operating income of 18.33 million yuan and a net profit of 1.64 million yuan [5]. - The company’s cash flow from operating activities for the first quarter of 2025 was 6.64 million yuan, while the net cash flow from investing activities was -14.09 million yuan [5]. Group 3: Share Issuance Details - The company plans to issue shares not exceeding 46.59 million yuan, with a maximum of 30% of the funds allocated for working capital and debt repayment [14]. - The issuance will target up to 35 specific investors, including qualified institutional investors and other eligible entities [16]. - The pricing for the new shares will be based on the average trading price over the 20 trading days prior to the pricing date, ensuring it does not fall below 80% of that average [16]. Group 4: Regulatory Compliance - The underwriting institution has conducted thorough due diligence and confirmed that the company meets the legal requirements for the issuance of shares [9][10]. - The company has adhered to the necessary decision-making processes, including board and shareholder resolutions, to approve the share issuance [10][11]. - The underwriting institution has committed to ensuring that all disclosures are accurate and free from misleading statements [9].