MPCSH(SZ:000637) Zhong Guo Jing Ji Wang·2025-09-01 02:49Core Viewpoint - The company, Maohua Shihua, plans to issue A-shares to its controlling shareholder, Maoming Port, as part of a related party transaction, with the aim of raising funds to supplement working capital [1] Group 1: Stock Issuance Details - The proposed issuance price is set at 3.41 yuan per share, which is not less than 80% of the average stock price over the previous 20 trading days [1] - The maximum number of shares to be issued is 155,962,606, which does not exceed 30% of the company's total share capital prior to the issuance [1] - The total amount of funds raised is expected to be no more than 53,183.24 million yuan, with the net proceeds intended for working capital [1] Group 2: Shareholder Changes - As of the announcement date, the total share capital of the company is 519,875,356 shares, with Maoming Port holding 154,917,345 shares, representing a 29.80% stake [1] - Following the issuance, Maoming Port will remain the controlling shareholder, and there will be no change in the company's control [1] - The controlling shareholder changed to Maoming Port Group after a judicial auction of shares previously held by Beijing Taiyue [2][3] Group 3: Financial Performance - For the first half of 2025, the company reported a revenue of 1.48 billion yuan, a decrease of 22.83% year-on-year [4] - The net profit attributable to shareholders was -82.66 million yuan, showing an improvement of 12.15% compared to the previous year [4] - The net cash flow from operating activities was 13.31 million yuan, a significant decrease of 84.15% year-on-year [4]