正裕工业回复4.5亿定增问询 资金缺口与产能消化风险受关注

Core Viewpoint - Shanghai Stock Exchange issued an inquiry letter regarding Zhejiang Zhengyu Industrial Co., Ltd.'s application for a specific stock issuance, focusing on the reasonableness, risks, and use of funds for the 450 million yuan investment in the "Zhengyu Intelligent Manufacturing Park (Phase II)" project [1] Group 1: Project Details - The project implementation entity is the company itself, and it is expected that no new related party transactions will be added during the construction and production phases, with a commitment to ensure compliance [1] - The total investment of 430 million yuan consists of 160 million yuan for factory construction costs, estimated based on building area and unit price, and 157.83 million yuan for equipment procurement, calculated based on the equipment list [1] - The unit production capacity of Phase II is slightly lower than that of Phase I due to rising costs [1] Group 2: Market Demand and Financial Justification - The company disclosed that the order volume for automotive suspension system shock absorbers is continuously increasing, reaching 6.4802 million units by the end of June 2025, indicating a market basis for the new production capacity [1] - The company explained the reasonableness of the fundraising scale, citing a funding pressure with a projected demand of 1.078 billion yuan over the next two years, leading to a funding gap of 647 million yuan, which exceeds the amount to be raised [1]