上声电子调整可转债募资规模补充流动资金缩减515万元 同步回应产能利用率下滑及募投合理性

Core Viewpoint - The company has announced a significant adjustment to its convertible bond issuance plan, reducing the scale to no more than 324.85 million yuan, while also decreasing the supplementary liquidity amount to 44.85 million yuan, a reduction of 5.15 million yuan [1] Group 1: Convertible Bond Issuance - The issuance scale of the convertible bonds has been reduced to no more than 324.85 million yuan [1] - The supplementary liquidity amount has been decreased to 44.85 million yuan, a reduction of 5.15 million yuan [1] - The funding allocation for the two major investment projects remains unchanged [1] Group 2: Production Capacity and Utilization - The overall capacity utilization rate for the company's automotive speakers from 2022 to Q1 2025 has shown a declining trend, with rates of 109.17%, 104.86%, 92.58%, and 82.51% respectively [1] - The decline in capacity utilization is attributed to three main factors: completion of previous investment projects, optimization of production lines to meet order demands, and additional investments in production lines during periods of tight capacity [1] Group 3: Investment Projects - The current investment project is aimed at upgrading and extending existing business operations, with no instances of duplicate construction [2] - The smart manufacturing technology upgrade project has a planned total investment of 374 million yuan, with 260 million yuan expected to be funded from the raised capital [2] - The project focuses on the renovation of outdated production lines at the Suzhou headquarters, primarily updating equipment without increasing existing production capacity, while adding an annual production capacity of 9 million high-frequency speakers [2] Group 4: Financial Performance - In Q3 2025, the company achieved operating revenue of 768 million yuan, a year-on-year increase of 1.67% [2] - Cumulative revenue for the first three quarters reached 2.135 billion yuan, with a year-on-year growth of 7.06% [2] - The net profit attributable to shareholders in Q3 was 50.125 million yuan, a year-on-year decline of 35.79%, primarily due to initial operational costs at the Hefei factory and increased competition in the automotive market [2]