SPM(SH:600459) Zhong Guo Jing Ji Wang·2025-09-23 02:59Core Viewpoint - The company Guiyan Platinum Industry (600459.SH) has announced a plan to issue A-shares to specific investors, aiming to raise up to 1.291 billion yuan for various projects, including technological innovation and working capital [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including qualified institutional and individual investors as defined by the China Securities Regulatory Commission (CSRC) [1]. - The issuance price will be set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [1]. - The total number of shares to be issued will not exceed 30% of the total share capital before the issuance, amounting to a maximum of 227,942,137 shares [2]. Group 2: Fund Utilization - The total amount to be raised from this issuance is capped at 1.291 billion yuan, which will be allocated to several projects, including: - Construction of a key laboratory for precious metal functional materials (40 million yuan) - Establishment of an AI laboratory for new precious metal materials (8.4 million yuan) - Development of a modern industrial base for the recycling of secondary resources (17 million yuan) - Green recycling project for secondary resources (13 million yuan) - Deep processing and intelligent upgrading of new alloy functional materials (8 million yuan) - Industrialization of platinum-based anticancer drug raw materials (4 million yuan) - Supplementing working capital (38.7 million yuan) [2][3]. Group 3: Shareholder Structure - As of the announcement date, Yun Investment Group holds 38.60% of the company's shares, making it the controlling shareholder, with the Yunnan Provincial State-owned Assets Supervision and Administration Commission as the actual controller [4]. - The planned issuance is not expected to change the company's control structure [4]. Group 4: Previous Fundraising Activities - In December 2022, the company successfully raised approximately 1.853 billion yuan through a rights issue, with a subscription of 169,910,810 shares at a price of 10.91 yuan per share [4][5]. - The net amount raised after deducting issuance costs was approximately 1.830 billion yuan [4]. Group 5: Financial Performance - For the first half of 2023, the company reported a revenue of 29.554 billion yuan, representing a year-on-year increase of 20.91% [6][7]. - The net profit attributable to shareholders was 3.248 billion yuan, reflecting a growth of 2.30% compared to the previous year [6][7]. - The net cash flow from operating activities was 1.095 billion yuan [6][7].