MAE(SZ:002009) Zhong Guo Jing Ji Wang·2025-12-30 09:06Core Viewpoint - Tianqi Co., Ltd. plans to issue A-shares to specific investors, raising up to RMB 976.84 million for projects related to intelligent manufacturing in the automotive sector and working capital [1] Group 1: Issuance Details - The total amount to be raised from the issuance is capped at RMB 976.84 million, with net proceeds allocated to the construction of an intelligent manufacturing base and a robotics R&D center [1] - The issuance will target up to 35 specific investors, including qualified institutional investors and individuals, as per the regulations of the China Securities Regulatory Commission [1] - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days prior to the issuance date [1] - The number of shares to be issued will not exceed 120 million, representing no more than 30% of the company's total share capital prior to the issuance [1] Group 2: Shareholding Structure - Prior to the issuance, Huang Weixing holds 62,389,317 shares (15.51% of total shares), and Wuxi Tianqi Investment Holding Co., Ltd. holds 42,465,172 shares (10.56%) [2] - Huang Weixing and his associates collectively own 108,608,036 shares, accounting for 27.00% of the total share capital [2] - Post-issuance, Huang Weixing and his associates are projected to hold approximately 20.80% of the total share capital, maintaining control of the company [2] Group 3: Financial Performance - For the first three quarters of 2025, Tianqi Co., Ltd. reported revenue of RMB 1.964 billion, a year-on-year decrease of 5.86% [4] - The net profit attributable to shareholders was RMB 67.20 million, a significant increase of 215.81% year-on-year [4] - The net profit after excluding non-recurring items was RMB 20.08 million, up 118.32% year-on-year [4] - The company reported a net cash flow from operating activities of RMB 10.87 million, reflecting a growth of 106.97% [4] - In 2023 and 2024, the company experienced net losses of RMB 415 million and RMB 255 million, respectively [4]