POWER HF(SH:605100) Shang Hai Zheng Quan Bao·2025-12-17 18:55Core Viewpoint - The company has decided to terminate the second phase of its fundraising investment project, the "New Lightweight Engine Core Component Intelligent Manufacturing Project," and will continue to manage the remaining funds in a dedicated account [2][9]. Group 1: Project Termination Details - The second phase of the project aimed to invest a total of RMB 75 million, with RMB 34.89 million planned for fundraising [6][10]. - The remaining funds amount to RMB 139.1888 million, which includes interest income and pending payments, and will be stored in a dedicated fundraising account [2][10]. - The decision to terminate the project was made after careful consideration of market conditions and the company's operational status, ensuring it aligns with long-term interests [11][12]. Group 2: Reasons for Termination - Industry growth has not met expectations, with a significant decline in heavy truck market demand observed in recent years [7]. - The company has optimized production processes, increasing the first phase's capacity from 50,000 to 80,000 units, which has made the second phase unnecessary [8]. - The rapid growth of new energy heavy trucks has diverted market share from traditional heavy trucks, further diminishing the project's relevance [8][9]. Group 3: Future Plans for Remaining Funds - The company plans to actively seek new investment projects based on future business strategies and will conduct feasibility analyses before utilizing the remaining funds [2][10]. - The remaining funds will be managed in compliance with relevant laws and regulations, ensuring efficient and compliant use [10].