SED(SZ:000032) Sou Hu Cai Jing·2025-09-13 18:18Core Viewpoint - Shenzhen Sanda Industrial Co., Ltd. plans to raise up to 2.5 billion yuan through a private placement of shares to fund various projects, despite facing ongoing losses in its digital and information services segment from 2022 to 2024 [2][7]. Group 1: Stock Performance - As of September 12, 2025, Shenzhen Sanda A's stock closed at 23.39 yuan, up 2.68% from the previous week [1]. - The stock reached a peak price of 24.98 yuan on September 9, 2025, and a low of 22.31 yuan on September 10, 2025 [1]. - The company's current total market capitalization is 26.788 billion yuan, ranking 3rd in the professional engineering sector and 701st among all A-shares [1]. Group 2: Fundraising and Projects - The company intends to use the raised funds for operational cloud projects, distributed storage R&D, the first phase of the China Electronic Cloud R&D base, high-tech industrial engineering services, and to supplement working capital or repay bank loans [2][7]. - The private placement will not result in a change of control for the company, and the implementation of the fundraising projects will involve the company's controlling non-wholly-owned subsidiaries [2]. Group 3: Financial Performance and Risks - The digital and information services segment has experienced continuous losses in net profit attributable to the parent company from 2022 to 2024 [2][7]. - The company has disclosed several risk factors, including long accounts receivable aging, impairment of contract assets, and a high asset-liability ratio [2].