Dingtong(SH:688668) Zhong Guo Jing Ji Wang·2026-01-15 08:13Core Viewpoint - DingTong Technology (688668.SH) announced a plan to issue convertible bonds to unspecified investors, aiming to raise up to 930 million yuan for various projects and working capital [1]. Group 1: Fundraising Details - The total amount to be raised from the convertible bond issuance is capped at 930 million yuan, which will be allocated to several projects including the company's expansion, high-speed communication and liquid cooling production, and new energy BMS production [1][2]. - The specific projects and their respective funding allocations are as follows: - Company expansion project: 493.20 million yuan total investment, 300 million yuan from bond proceeds - High-speed communication and liquid cooling production project: 347 million yuan total investment, 240 million yuan from bond proceeds - New energy BMS production project: 311.51 million yuan total investment, 220 million yuan from bond proceeds - Working capital: 170 million yuan total investment, fully funded by bond proceeds [2]. Group 2: Bond Characteristics - The bonds will be convertible into the company's A-shares and will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board [2]. - Each bond will have a face value of 100 yuan and a maturity period of six years from the issuance date [2][3]. - The coupon rate will be determined by the company's board of directors in consultation with the underwriters, based on market conditions and company specifics [3]. Group 3: Shareholder Rights and Transfer - Existing shareholders will have priority in the bond issuance, with the option to waive this right, and the specific allocation ratio will be determined prior to issuance [4]. - DingHongJunSheng Investment Co., the controlling shareholder, plans to transfer 4,176,000 shares, representing 3% of the company's total equity, at a preliminary price of 76.72 yuan per share [5][6]. Group 4: Previous Fundraising - DingTong Technology has previously raised a total of 1.227 billion yuan from two fundraising rounds, with the first round generating 427 million yuan for connector production and R&D center projects [6][8]. - The second round raised approximately 800 million yuan, with the net amount available for use being around 785 million yuan after deducting issuance costs [7].