Core Viewpoint - Fengmao Co., Ltd. plans to issue convertible bonds to unspecified investors, with a total fundraising target of up to 610 million yuan, aimed at financing several projects and supplementing working capital [1][2][4]. Group 1: Convertible Bond Issuance - The convertible bonds will be issued at a face value of 100 yuan each and will be listed on the Shenzhen Stock Exchange's ChiNext board [1]. - The bonds will have a term of six years from the date of issuance, with the interest rate to be determined based on market conditions and company specifics [1][2]. - The initial conversion price will not be lower than the average trading price of the company's A-shares over the 20 trading days prior to the announcement [1][2]. Group 2: Fundraising Allocation - The total investment for the projects funded by the raised capital is approximately 690 million yuan, with 610 million yuan allocated from the bond issuance [3]. - The specific projects include: - Intelligent chassis thermal control system production base (Phase I) with a total investment of 600 million yuan, using 520 million yuan from the raised funds [3]. - Annual production of 8 million automotive hoses with a total investment of 65 million yuan, using 65 million yuan from the raised funds [3]. - Supplementing working capital with an allocation of 25 million yuan [3]. Group 3: Financial Performance - For the third quarter of 2025, the company reported a revenue of 242 million yuan, a year-on-year increase of 4.46%, while the net profit attributable to shareholders decreased by 31.06% to 24.45 million yuan [4][6]. - Year-to-date revenue reached 674 million yuan, reflecting a slight increase of 0.58%, but the net profit attributable to shareholders fell by 27.74% to 84.94 million yuan [5][6]. - The net cash flow from operating activities was reported at 28.49 million yuan, down 16.38% year-on-year [5][6].
丰茂股份拟发不超6.1亿可转债 2023年底上市募6.38亿