国林科技披露定增预案，拟募资2.24亿元补充流动资金

Core Viewpoint - Guolin Technology (300786) plans to raise no more than 224 million yuan through a private placement of A-shares to its controlling shareholder, Ding Xiangpeng, to supplement working capital, which has led to market attention and recent stock price fluctuations [1][2]. Recent Events - On February 11, 2026, Guolin Technology announced a private placement plan to issue shares at 13.56 yuan per share, aiming to raise up to 224 million yuan, with all proceeds after issuance costs allocated to working capital [2]. - Ding Xiangpeng will fully subscribe in cash, which will increase his shareholding ratio and is intended to optimize the company's cash flow structure, reduce the debt-to-asset ratio, and support business expansion [2]. Stock Performance - Over the past week, Guolin Technology's stock price has experienced fluctuations. After the announcement of the private placement, the closing price on February 12 was 16.53 yuan, down 0.78% from the previous day [3]. - As of February 13, the stock price rebounded to 16.60 yuan, with a daily change of 0.42%. The cumulative increase over the period was 1.97%, with a high of 16.85 yuan and a low of 16.45 yuan, and trading volume and turnover rate significantly increased on February 12 [3]. Financial Analysis - The background of the private placement is related to the company's recent financial situation. From 2022 to the first nine months of 2025, Guolin Technology's operating income has continued to grow, but the net cash flow from operating activities has been negative since 2023 [4]. - The company's performance forecast for 2025 indicates a net loss attributable to shareholders of 17 million to 23 million yuan, primarily due to accounts receivable impairment, inventory depreciation, and subsidiary business drag [4]. - The fundraising aims to alleviate working capital pressure and support technological research and business layout [4].