Core Viewpoint - The company plans to issue convertible bonds to raise up to 1 billion yuan for a new liquid cooling manufacturing base and to supplement working capital [2]. Group 1: Fundraising and Project Details - The company intends to raise a total of no more than 1 billion yuan through the issuance of convertible bonds, which will be used for the liquid cooling new manufacturing base project and to supplement working capital [2]. - The liquid cooling new manufacturing base project will be located in Shunde District, Foshan City, with a total investment of 800 million yuan, primarily for the purchase of electromechanical production equipment, testing platforms, and land-related construction [2]. - The construction period for the project is set at 2 years [2]. Group 2: Company Strengths and Market Position - The company has been deeply engaged in the liquid cooling temperature control equipment sector for many years, establishing six core technology systems, including ultra-high energy efficiency, environmentally friendly engineering, intelligent control, extreme environment protection, explosion-proof and anti-corrosion, and seismic and impact resistance [2]. - The implementation of this project will leverage the company's production, technology, and market advantages to further expand the production capacity of liquid cooling temperature control equipment and enhance product performance to meet the growing demand from downstream customers [2]. Group 3: Financial Performance - For the first three quarters of 2025, the company achieved total operating revenue of 2.508 billion yuan, representing a year-on-year increase of 26.84%, and a net profit attributable to shareholders of 150 million yuan, reflecting a year-on-year growth of 5.05% [3].
申菱环境：拟发行可转债募资不超10亿元 用于液冷新质智造基地等项目