Unionman Technology (SH:688609) Zhong Guo Jing Ji Wang·2025-10-13 03:09Core Viewpoint - JiuLian Technology (688609.SH) plans to raise up to 181.77 million yuan through a simplified procedure for a private placement of shares, with the funds allocated for the development of Harmony ecosystem smart terminals and communication modules, as well as for replenishing working capital and repaying bank loans [1][2]. Summary by Relevant Sections Fundraising Details - The total amount to be raised is capped at 181.77 million yuan, with net proceeds after issuance costs intended for specific projects [1][2]. - The projects include: - Harmony ecosystem smart terminal and communication module R&D and industrialization project with a total investment of 150.57 million yuan, using 127.24 million yuan from the raised funds - Replenishing working capital and repaying bank loans with a total investment of 54.53 million yuan, using the full amount of 54.53 million yuan from the raised funds [2]. Issuance Methodology - The shares will be issued as domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan per share, and the issuance will be completed within ten working days after the China Securities Regulatory Commission's registration decision [2][3]. - The pricing benchmark for the issuance is set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [3]. Shareholder Structure and Control - The issuance will not exceed 30% of the company's total share capital before the issuance, and the dilution effect on existing shareholders is limited, ensuring no change in control of the company [4]. - The major shareholders, Zhan Qijun and Lin Rong, hold a combined 20.50% of the total share capital, maintaining significant control [3][4]. Financial Performance - JiuLian Technology has reported losses for two and a half years, with a revenue of 2.508 billion yuan in 2024, a year-on-year increase of 15.54%, but a net loss of 142 million yuan [4][5]. - In the first half of 2025, the company experienced a revenue decline of 17.60%, with a net loss of 123 million yuan [5].