Sunshine(SZ:300227) Zhong Guo Jing Ji Wang·2026-01-06 07:32Core Viewpoint - The company Guangyun Da (300227.SZ) plans to issue shares to specific investors to raise up to RMB 121,062.98 million, primarily for working capital and repaying bank loans [1][3]. Group 1: Share Issuance Details - The share issuance will consist of domestic listed RMB ordinary shares (A-shares) with a par value of RMB 1.00 per share [1]. - The shares will be issued to Jun Guang Investment, a wholly-owned subsidiary of the company's controlling shareholder, Guangyun Da Group, and the issuance constitutes a related party transaction [2]. - The determined issuance price is RMB 7.25 per share, which is not less than 80% of the average trading price over the 20 trading days prior to the pricing date [1]. Group 2: Historical Context and Comparisons - The number of shares to be issued will not exceed 166,983,417 shares, representing up to 30% of the company's total share capital before the issuance [1]. - The current fundraising amount significantly exceeds the amounts proposed in previous years, with the 2025 plan aiming for RMB 37,178.00 million and the 2024 plan for RMB 44,892.00 million [3]. - The company has previously conducted non-public offerings in 2019 and 2020, raising a total of approximately RMB 472 million [7]. Group 3: Financial Performance - In 2024, the company reported revenue of RMB 1,118.17 million, a year-on-year increase of 4.23%, but a net loss attributable to shareholders of RMB -27.37 million, compared to a profit of RMB 56.82 million in the previous year [7][8]. - For the first nine months of 2025, the company achieved revenue of RMB 965 million, a 23.13% increase year-on-year, but reported a net loss of RMB -52.44 million [9].