Union Precision(SH:688210) Sou Hu Cai Jing·2025-10-13 18:14Core Viewpoint - Shenzhen Panhai Tonglian Precision Manufacturing Co., Ltd. is planning to issue convertible bonds to raise up to 595 million yuan for its new intelligent terminal component manufacturing project, working capital, and bank loan repayment, while complying with relevant laws and regulations [2][4][5]. Trading Information Summary - As of October 13, 2025, the stock closed at 54.8 yuan, down 5.4%, with a turnover rate of 5.46%, trading volume of 88,100 shares, and a transaction amount of 485 million yuan [1]. - On the same day, the net outflow of main funds was 7.79 million yuan (1.61% of total transaction), while retail investors saw a net inflow of 28.55 million yuan (5.88% of total transaction) [1][3]. Company Overview - Established on June 12, 2016, the company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 27, 2021, with a registered capital of 159.96 million yuan [1]. - The company specializes in the R&D, design, production, and sales of high-precision, high-density, and complex-shaped precision components, including MIM products and other metal and plastic products [1][4]. Financial Performance - For the first half of 2025, the company reported revenue of 402.08 million yuan and a net profit of 4.87 million yuan [2][4]. - Historical net profits for previous periods were 94.90 million yuan, 58.77 million yuan, and 74.63 million yuan [4]. Bond Issuance Details - The proposed convertible bonds will have a term of 6 years, with a face value of 100 yuan per bond, and will be prioritized for existing shareholders [2][4]. - The issuance is subject to approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission [2][5]. Legal and Regulatory Compliance - The issuance of convertible bonds has been deemed compliant with the Company Law, Securities Law, and relevant regulations by Hunan Qiyuan Law Firm [2]. - The company has no major litigation or administrative penalties, and its controlling shareholder, Yang Hu, holds shares without pledges or freezes [2].