BXLQ(SZ:002307) Zheng Quan Ri Bao Wang·2025-12-25 13:15Core Viewpoint - The company, Beixin Road and Bridge Group, has successfully raised a total of 1.549 billion yuan through a private placement of shares, which will primarily fund the construction of the Suzhou to Guzhen Expressway project and supplement working capital [1] Group 1: Fundraising and Share Issuance - The company completed the issuance of shares to specific investors, raising 1.549 billion yuan, with the new shares registered on December 17 and set to be listed on December 26 [1] - Following the issuance, the total share capital of the company increased to 1.649 billion shares [1] - The controlling shareholder, Xinjiang Production and Construction Corps Engineering Group, subscribed for 80 million yuan of the new shares, maintaining the company's control structure [1] Group 2: Project Investment and Economic Impact - The funds raised will be primarily allocated to the Suzhou to Guzhen Expressway project, which is expected to enhance the company's diversified infrastructure business model and improve its market position [2][4] - The expressway project is anticipated to significantly contribute to regional economic development by improving transportation links and facilitating industrial transfer from coastal areas to the northern Anhui region [3] Group 3: Project Details and Financial Projections - The Suzhou to Guzhen Expressway project officially commenced construction on December 7, 2022, with a construction period of 36 months [3] - The project is projected to achieve an internal rate of return of 5.09% (after tax), with average annual revenues of 426 million yuan and net profits of 113 million yuan during its operational phase [3] Group 4: Strategic Transition and Industry Positioning - The company is transitioning from traditional construction to an integrated service provider focusing on investment, construction, and operation, reflecting a strategic shift in the competitive landscape of the construction industry [4] - By adopting various project contracting models such as BOT and EPC, the company aims to enhance its profitability and establish a foundation for expanding into urban complex and engineering technology services [4]