Greenway(SH:688345) Zhong Guo Jing Ji Wang·2025-12-22 05:49Core Viewpoint - The company, Boliview (688345.SH), plans to raise up to 650 million yuan through a private placement of A-shares, with the funds allocated for various projects including advanced battery manufacturing and AI-driven battery reliability analysis [1][2]. Group 1: Fundraising Details - The total amount to be raised is capped at 650 million yuan, which will be used for three main projects: 1. Full-tab cylindrical lightweight power battery smart manufacturing project (519.30 million yuan) 2. AI-driven new energy battery reliability analysis and R&D capability enhancement project (52.07 million yuan) 3. Working capital supplementation (140 million yuan) [1][2]. - The pricing benchmark for the issuance will be set at no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [2]. - The number of shares to be issued will not exceed 30,344,850, which is 30% of the company's total share capital prior to the issuance [2][3]. Group 2: Issuance Process and Regulations - The issuance will target no more than 35 specific investors, including qualified institutional investors such as securities investment funds, securities companies, and insurance institutions [3]. - The final list of investors will be determined by the company's board and authorized personnel after approval from the shareholders' meeting and regulatory bodies [3][4]. - The issuance plan has been approved by the company's board and is pending approval from the shareholders' meeting and the Shanghai Stock Exchange [4]. Group 3: Shareholder Activity - Recent announcements indicate that major shareholders, including the actual controller Zhang Zhiping, have reduced their holdings, with a total of 3,034,440 shares sold, amounting to approximately 98.38 million yuan [5]. - The share reduction occurred between October 13 and November 14, 2025, with prices ranging from 27.80 yuan to 40.00 yuan per share [5]. Group 4: Company Background - Boliview was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 11, 2021, with an initial public offering of 25 million shares at a price of 25.91 yuan per share [6]. - The company raised a total of 648 million yuan during its IPO, with a net amount of 580 million yuan after deducting issuance costs [7]. - In 2023 and 2024, Boliview reported revenues of 2.235 billion yuan and 1.844 billion yuan, respectively, with net losses of 337.80 million yuan and 966.08 million yuan [7].