Piotech (SH:688072) Xin Lang Cai Jing·2025-11-27 11:56Core Viewpoint - The company has announced that its proposal for a specific issuance of A-shares for the fiscal year 2025 has been approved, aiming to raise no more than 4.6 billion yuan for the construction of a high-end semiconductor equipment industrialization base project [1] Group 1: Fundraising and Project Details - The planned fundraising amount is capped at 4.6 billion yuan, which will be utilized for the construction of a high-end semiconductor equipment industrialization base project [1] - The issuance is expected to be completed by the end of May 2026, with potential impacts on shareholder returns depending on the net profit variations in 2026 compared to 2025 [1] Group 2: Profitability and Shareholder Impact - The company has outlined three scenarios for the net profit in 2026: an increase of 20%, no change, or a decrease of 20%, indicating that shareholder returns may be diluted post-issuance [1] - The company has acknowledged the uncertainty in the short-term benefits and profitability of the fundraising projects due to macroeconomic and industry development factors [1] Group 3: Company Preparedness - The company has provided information regarding its personnel, technology, and market reserves, indicating a proactive approach to address potential dilution of returns [1]