Keystone Technology(SH:605588) Zhong Guo Jing Ji Wang·2025-09-29 07:23Core Viewpoint - Guanshi Technology (605588.SH) plans to raise a maximum of 700 million yuan through a private placement of shares, with proceeds allocated for a photomask manufacturing project and to supplement working capital [1][2]. Financial Summary - The total estimated investment for the photomask manufacturing project is 1.931 billion yuan, with 530 million yuan expected to be funded from the raised capital. Additionally, 170 million yuan will be allocated to supplement working capital, bringing the total to 2.101 billion yuan [2]. - The company reported revenues of 1.359 billion yuan for 2024, a 51.95% increase compared to the previous year, while the net profit attributable to shareholders was a loss of 15.5 million yuan, a decline of 129.6% [4][5]. - For the first half of 2025, the company recorded revenues of 691.5 million yuan, a 5.3% increase year-on-year, but the net profit attributable to shareholders was a loss of 12.2 million yuan, representing a 159.98% decline [5]. Shareholding Structure - As of the announcement date, Zhang Jianwei holds approximately 57.35% of the company's shares and indirectly controls an additional 3.06% through a partnership, totaling 60.41% of voting rights. Post-issuance, his control will decrease to 46.47%, but he will remain the controlling shareholder [2][3]. Approval Process - The proposed share issuance has been approved by the company's board and is pending approval from the shareholders' meeting, the Shanghai Stock Exchange, and registration with the China Securities Regulatory Commission [3]. Historical Context - Guanshi Technology was listed on the Shanghai Stock Exchange on August 12, 2021, raising 501 million yuan, which was fully allocated to functional structural components, ultra-high-definition LCD panels, and a research and development center [3].