Core Viewpoint - Fengmao Co., Ltd. plans to issue convertible bonds to raise up to 610 million yuan for three main projects, including the construction of an intelligent chassis thermal control system production base [1][2] Group 1: Fundraising and Project Allocation - The total amount to be raised from the convertible bonds is capped at 610 million yuan, with the net proceeds primarily allocated to three projects: 520 million yuan for the intelligent chassis thermal control system production base, 65 million yuan for the annual production of 8 million automotive hoses, and 25 million yuan for working capital [1] - The company has adjusted part of the previously planned IPO funds from the terminated "Jiaxing Auto Parts Production Base Project" to the "Intelligent Chassis Thermal Control System Production Base (Phase I) Project" [2] Group 2: Financial Performance - From 2022 to 2024, the company's revenue is projected to grow from 608 million yuan to 949 million yuan, while net profit attributable to shareholders is expected to increase from 102 million yuan to 162 million yuan [1] - For the first nine months of 2025, the company reported a revenue of 674 million yuan, reflecting a year-on-year growth of 0.58%, but net profit decreased by 27.74% to approximately 84.94 million yuan [1] Group 3: Project Investment Structure - The total investment for the intelligent chassis thermal control system production base project has been adjusted from 600.79 million yuan to 600.31 million yuan, with changes in the internal investment structure [2] - Land acquisition costs were reduced, while construction and basic reserve costs increased by approximately 41.24 million yuan, and working capital was adjusted down by 25.53 million yuan [2]
丰茂股份：拟发债募资6.1亿加码主业 前次募投项目已调整结构