沃格光电：拟定增15亿加码MiniLED 上半年末资产负债率达70.62%

Core Viewpoint - The company, Woge Optoelectronics (603773.SH), has revised its fundraising plan for 2025, aiming to raise up to 1.5 billion yuan, primarily to enhance its glass-based MiniLED sector [1] Group 1: Fundraising Plan - The revised total investment for the fundraising projects has been increased, with the investment for the glass-based MiniLED display backlight module project adjusted from 1.919 billion yuan to 2.006 billion yuan [1] - An additional investment of 87 million yuan will be fully covered by the company's own funds, while the amount raised through fundraising remains unchanged at 1.06 billion yuan [1] Group 2: Financial Challenges - The company is facing operational challenges, reporting a loss of 122 million yuan for the fiscal year 2024 and a loss of 54 million yuan for the first half of 2025 [1] - As of June 30, 2025, the company's debt-to-asset ratio reached 70.62%, with accounts receivable increasing to 1.147 billion yuan and goodwill valued at approximately 190 million yuan [1] Group 3: Use of Proceeds - The fundraising will primarily be used to establish an annual production capacity of 6.05 million glass-based MiniLED display backlight modules, with an additional 440 million yuan allocated for working capital and repayment of bank loans [1]