科林电气拟定增募资15亿元 海信能源全额认购

Core Viewpoint - The company plans to raise up to 1.5 billion yuan through a private placement of A-shares at a price of 16.19 yuan per share, aimed at supplementing working capital, with full cash subscription by its controlling shareholder, Hisense Energy [1] Group 1: Company Actions and Financial Implications - The issuance will increase the total share capital and net assets, potentially diluting short-term earnings per share and other financial metrics [2] - The company has committed to a profit distribution policy, ensuring that annual cash dividends will not be less than 20% of the distributable profits, with historical cash dividend ratios of 67.72%, 29.75%, and 30.65% from 2022 to 2024, totaling 226 million yuan [2] - Measures to mitigate the dilution of immediate returns include strengthening core business operations, enhancing fund management, and adhering to cash dividend policies, with commitments from major stakeholders to ensure these measures are effectively implemented [3] Group 2: Industry Context and Growth Opportunities - The private placement aligns with significant structural changes in China's power industry, with total installed power generation capacity expected to reach 3.35 billion kilowatts by the end of 2024, a 14.6% increase year-on-year, and renewable energy capacity surpassing thermal power for the first time [4] - The company aims to meet funding needs for its core business, having achieved a revenue of 4.099 billion yuan in 2024, a 4.98% increase, and a record new order amount of 5.14 billion yuan [4] - The fundraising will accelerate the transformation of technological achievements, focusing on R&D in areas like artificial intelligence and smart grid applications, and aims to optimize the capital structure by reducing the debt ratio, which stood at 62.33% as of June 2025 [5]