SYP(SH:600819) Zheng Quan Zhi Xing·2025-08-29 18:14Core Viewpoint - The company plans to issue A-shares to specific investors, which may dilute immediate returns, but has outlined measures to mitigate this impact and protect the interests of minority shareholders [1][2][4]. Financial Impact of the Issuance - The total share capital before the issuance is 934,916,069 shares, which will increase to 1,006,515,114 shares post-issuance [2]. - The company analyzed three scenarios for net profit in 2025 compared to 2024: 1. No change in net profit, resulting in basic earnings per share (EPS) of 0.12 [3]. 2. A 10% increase in net profit, leading to an EPS of 0.14 [3]. 3. A 10% decrease in net profit, resulting in an EPS of 0.11 [3]. Necessity and Rationality of the Issuance - The funds raised will enhance the company's competitive strength and support sustainable development, aligning with national industrial policies and market trends [4][5]. - The investment projects include energy upgrades and automation improvements in existing production lines, which are crucial for maintaining technological leadership and market share [5][6]. Relationship of Investment Projects to Existing Business - The fundraising will primarily support energy upgrades and automation in production lines, directly related to the company's core business [5][6]. - The company aims to improve operational efficiency and reduce financial risk through better capital structure and increased liquidity [5][6]. Measures to Mitigate Dilution of Immediate Returns - The company will strengthen its core business and enhance profitability through R&D and market expansion [7][8]. - Strict management of raised funds will be implemented to ensure effective utilization and compliance with regulations [8][9]. - The company will improve governance and internal controls to protect shareholder interests and enhance operational efficiency [9][10]. Commitments from Key Stakeholders - Company directors and senior management have committed to fulfilling measures to mitigate the dilution of immediate returns [10]. - The controlling shareholder has also made commitments to uphold shareholder rights and ensure the effective implementation of return compensation measures [10].