Greenway(SH:688345) Jing Ji Guan Cha Wang·2026-02-13 03:05Core Viewpoint - The company expects to achieve a net profit attributable to shareholders of approximately 59 million yuan in 2025, marking a turnaround from losses in the previous year [1][2]. Group 1: Financial Performance - The company has released a performance forecast indicating a projected net profit of about 59 million yuan for 2025, with a net profit of approximately 41 million yuan after excluding non-recurring gains and losses, representing a year-on-year turnaround [2]. - The financial data provided is preliminary and will be confirmed in the audited annual report for 2025 [2]. Group 2: Capital Increase - The company plans to issue A-shares to specific investors, aiming to raise no more than 650 million yuan for projects including the intelligent manufacturing of large cylindrical batteries [3]. - The application for this capital increase has been accepted by the Shanghai Stock Exchange as of January 30, 2026, but it still requires approval from the exchange and registration with the China Securities Regulatory Commission, introducing uncertainty regarding final approval and timing [3]. Group 3: Business Operations - The company has made progress in the electric motorcycle and two-wheeler battery swap business, as well as in the recovery of the European market [4]. - However, the capital increase project faces challenges related to capacity digestion, necessitating attention to changes in downstream demand [4]. - The company has recovered 40.75 million yuan from previous payment disputes through mediation, with an outstanding amount of 18.45 million yuan still to be collected [4].