Xiantong Stock(SH:603239) Chang Jiang Shang Bao·2026-01-08 00:03Core Viewpoint - Zhejiang Xiantong, a leading company in the domestic automotive sealing strip industry, is accelerating its business layout by planning to raise up to 1.05 billion yuan through a private placement of A-shares to fund key projects and enhance liquidity [1][2]. Group 1: Fundraising and Projects - The company plans to issue A-shares to no more than 35 specific investors, including its controlling shareholder, to raise a total of no more than 1.05 billion yuan, with net proceeds allocated to the automotive frameless sealing strip intelligent manufacturing project, R&D center upgrades, and working capital [1][2]. - The "automotive frameless sealing strip intelligent manufacturing project" is a key initiative with a total investment of 853 million yuan, intending to use 705 million yuan of the raised funds, accounting for 67.14% of the total fundraising [2]. Group 2: Financial Performance - In the first three quarters of 2025, Zhejiang Xiantong achieved revenue of 1.024 billion yuan, a year-on-year increase of 21.74%, and a net profit attributable to shareholders of 152 million yuan, up 17.4%, maintaining double-digit growth [1][4]. - The company's gross margin reached 28.67% in the first three quarters of 2025, significantly exceeding the industry average, with a gross margin of 28.49% projected for 2024 [2][4]. Group 3: R&D Investment and Innovation - Over the past five years, the company has invested a total of 206 million yuan in R&D, with annual expenditures increasing steadily, reflecting a commitment to innovation and technology development [4][5]. - As of mid-2025, the company has obtained 64 domestic patents, including 9 effective invention patents, indicating a strong focus on intellectual property and technological advancement [6].