GDM(SZ:002636) Zhong Guo Jing Ji Wang·2025-11-19 03:01Core Viewpoint - The company Jin'an Guoji (002636.SZ) has announced a plan to issue A-shares to specific investors in 2025, aiming to raise funds for a high-grade copper-clad laminate project and a research center construction project. Fundraising and Project Details - The total amount to be raised from the issuance is not to exceed 1,299.95 million yuan, which will be used entirely for the annual production of 40 million square meters of high-grade copper-clad laminates and the construction of a research center [2][3]. - The investment for the high-grade copper-clad laminate project is 1,501.06 million yuan, with 1,250 million yuan planned to be funded from the issuance after deducting expenses [3]. - The research center construction project has an investment of 55.62 million yuan, with the full amount planned to be funded from the issuance [3]. Share Issuance Details - The issuance will involve no more than 218,400,000 shares, accounting for up to 30% of the company's total share capital prior to the issuance [1]. - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days preceding the issuance date [1]. Shareholder Structure and Control - As of the announcement date, the company has a total share capital of 728 million shares, with the actual controller Han Tao holding 0.50% directly and his concerted actors holding a combined 65.60% of voting rights, maintaining control over at least 50.85% post-issuance [4]. - The company has received notifications from major shareholders regarding their plans to reduce their holdings, with specific details on the number of shares and the percentage of total shares being reduced [4][5]. Financial Performance - For the third quarter of 2025, the company reported a revenue of 1.20 billion yuan, representing a year-on-year increase of 23.02%, and a net profit attributable to shareholders of 102.45 million yuan, up 247.36% [7][8]. - Year-to-date revenue reached 3.25 billion yuan, a 10.28% increase, with a net profit of 173 million yuan, reflecting a 73.90% growth [8]. - The company reported a negative cash flow from operating activities of -148 million yuan for the year-to-date period [8]. Previous Financial Year Overview - In 2024, the company achieved a revenue of 4.05 billion yuan, a 13.36% increase from 2023, and a net profit of 37.06 million yuan, a significant recovery from a loss in the previous year [9].