每周股票复盘：莱特光电（688150）拟发行不超7.66亿元可转债

Core Viewpoint - The company, Lite Optoelectronics, plans to issue convertible bonds totaling up to 766 million RMB to fund various projects, including the construction of a new materials production base and the development of perovskite materials, while also addressing the dilution of immediate returns for existing shareholders [1][2][4]. Company Announcements - The company’s board has approved multiple resolutions regarding the issuance of convertible bonds, which will be submitted for further approval by the board and shareholders [1][3]. - A special shareholders' meeting is scheduled for December 1, 2025, to review 11 resolutions, including the convertible bond issuance [2]. - The feasibility analysis indicates that the projects funded by the bonds will enhance the company's capabilities in the OLED materials supply chain and expand into pharmaceutical intermediates and perovskite materials, aligning with national strategic emerging industry policies [2][4]. Financial Overview - The current market capitalization of Lite Optoelectronics is 8.99 billion RMB, ranking 18th in the electronic chemicals sector and 2103rd in the A-share market [1]. - The previous fundraising effort netted approximately 805 million RMB, with 602 million RMB already invested primarily in OLED terminal material R&D and working capital, but the project timeline has been extended to August 2026 due to market conditions [2][4]. Convertible Bond Details - The proposed convertible bonds will have a six-year term, with an initial conversion price based on the average stock price prior to the announcement [3]. - The company has established rules for the bondholders' meeting to ensure the protection of their rights [3].