公司深耕液冷温控设备领域多年，构建了超高能效、环保绿色工程、智能控制、极端环境保障、防爆防 腐、抗震抗冲击六大核心技术体系，已具备较强的技术创新能力、产品品质、交付能力和综合保障能 力，形成了成熟的产品研发与产业化流程体系。 本项目的实施，借助公司的生产、技术和市场优势，公司将进一步扩大液冷温控设备产品的产能，提升 产品的性能指标，满足下游客户日益增长的需求，从而抓住行业发展机遇，实现公司的快速发展。 此外，公司拟使用本次募集资金中的2.00亿元用于补充流动资金，有利于补充公司业务发展所需的流动 资金并减轻流动性压力，提升公司对研发和创新的资金支持能力，降低财务风险、提高财务灵活性，巩 固和提升公司的市场竞争力。 中证智能财讯申菱环境（301018）11月25日晚间公告，公司拟向不特定对象发行可转换公司债券，募集 资金总额不超过10.00亿元，扣除发行费用后将用于液冷新质智造基地项目及补充流动资金。 据介绍，液冷新质智造基地项目将落地佛山市顺德区，项目总投资8亿元，主要用于购置机电生产设 备、测试平台、土地配套建设等。项目建设期为2年。 2025年前三季度，公司实现营业总收入25.08亿元，同比增长26.84 ...

申菱环境（301018）(301018.SZ)发布公告，公司拟向不特定对象发行可转换公司债券，募集资金总额 不超过10亿元(含本数)，扣除发行费用后的募集资金净额将用于：液冷新质智造基地项目、补充流动资 金。 ...

Core Viewpoint - Hainan Yongchang New Materials Co., Ltd. has completed a share reduction plan, reducing its stake in Juhe Shun (605166.SH) from 11.08% to 8.08% through a total reduction of 9,441,200 shares, which represents 3% of the company's total share capital [1][2][3]. Summary by Sections Shareholder Reduction Plan - Hainan Yongchang initially held 34,868,538 shares, representing 11.08% of the total share capital before the reduction [1]. - The reduction plan was announced on September 4, 2025, with a maximum reduction of 9,441,200 shares planned [3]. - The reduction period was set from September 29, 2025, to November 12, 2025 [3]. Reduction Details - Hainan Yongchang reduced its holdings by 3,147,000 shares through competitive bidding and 6,294,200 shares through block trading, totaling 9,441,200 shares [2][3]. - The reduction price ranged from 10.62 to 11.80 yuan per share, with a total reduction amounting to 103,859,722 yuan [2][3]. Current Shareholding Status - After the reduction, Hainan Yongchang now holds 25,427,338 shares, which is 8.08% of the total share capital [3]. - The original plan allowed for a maximum reduction of 3%, which was fully executed [3]. Company Background - Juhe Shun was listed on the Shanghai Stock Exchange on June 18, 2020, with an initial issuance of 7,888,700 shares at a price of 7.05 yuan per share, raising a total of 55.61534 million yuan [4]. - The company has conducted multiple fundraising activities, including issuing convertible bonds in 2022 and 2024, raising a total of 10.98 billion yuan across three fundraising events [5][6][7].

Core Viewpoint - The company, Haoneng Co., Ltd. (603809.SH), plans to issue convertible bonds to raise a total of up to 1.8 billion yuan, with the net proceeds intended for smart manufacturing core component projects (Phase II), supplementing working capital, and repaying bank loans [1] Group 1 - The total amount to be raised through the issuance of convertible bonds is not to exceed 1.8 billion yuan [1] - The net proceeds after deducting issuance costs will be allocated to specific projects and financial needs [1] - The funding will support the development of smart manufacturing core components and improve the company's liquidity [1]

Group 1 - The company, Haoneng Co., Ltd. (603809.SH), plans to issue convertible bonds to raise no more than 1.8 billion yuan for its projects [1] - The funds will be allocated to two main projects: the second phase of the core components for intelligent manufacturing and to supplement working capital and repay bank loans [1] - The total investment for the intelligent manufacturing core components project (Phase II) is 1.307 billion yuan, with 1.3 billion yuan expected to be funded from the raised capital [1]

Core Viewpoint - The company has announced a significant adjustment to its convertible bond issuance plan, reducing the scale to no more than 324.85 million yuan, while also decreasing the supplementary liquidity amount to 44.85 million yuan, a reduction of 5.15 million yuan [1] Group 1: Convertible Bond Issuance - The issuance scale of the convertible bonds has been reduced to no more than 324.85 million yuan [1] - The supplementary liquidity amount has been decreased to 44.85 million yuan, a reduction of 5.15 million yuan [1] - The funding allocation for the two major investment projects remains unchanged [1] Group 2: Production Capacity and Utilization - The overall capacity utilization rate for the company's automotive speakers from 2022 to Q1 2025 has shown a declining trend, with rates of 109.17%, 104.86%, 92.58%, and 82.51% respectively [1] - The decline in capacity utilization is attributed to three main factors: completion of previous investment projects, optimization of production lines to meet order demands, and additional investments in production lines during periods of tight capacity [1] Group 3: Investment Projects - The current investment project is aimed at upgrading and extending existing business operations, with no instances of duplicate construction [2] - The smart manufacturing technology upgrade project has a planned total investment of 374 million yuan, with 260 million yuan expected to be funded from the raised capital [2] - The project focuses on the renovation of outdated production lines at the Suzhou headquarters, primarily updating equipment without increasing existing production capacity, while adding an annual production capacity of 9 million high-frequency speakers [2] Group 4: Financial Performance - In Q3 2025, the company achieved operating revenue of 768 million yuan, a year-on-year increase of 1.67% [2] - Cumulative revenue for the first three quarters reached 2.135 billion yuan, with a year-on-year growth of 7.06% [2] - The net profit attributable to shareholders in Q3 was 50.125 million yuan, a year-on-year decline of 35.79%, primarily due to initial operational costs at the Hefei factory and increased competition in the automotive market [2]

Core Viewpoint - Company Sains (688480.SH) plans to issue convertible bonds to raise no more than 565 million yuan for the expansion of its flotation reagent project and to supplement working capital [1] Group 1 - The company intends to use the funds for the first phase of the flotation reagent expansion project [1] - The company aims to construct a project with an annual production capacity of 100,000 tons of high-efficiency flotation reagents [1] - The total amount to be raised through the issuance of convertible bonds is capped at 565 million yuan [1]

Core Points - The company, Songyuan Safety (300893.SZ), has approved a significant increase in the issuance of convertible bonds from a maximum of 275 million yuan to 965 million yuan [1] - The core project, "Annual Production of 15.2 Million Sets of Automotive Safety System Core Components Full Industry Chain Supporting Project," will see its planned investment from the raised funds increase from 275 million yuan to 675.5 million yuan, while the total investment remains unchanged at 1.13285 billion yuan [1] - An additional project for "Supplementing Working Capital" has been introduced, with an intended investment of 289.5 million yuan from the raised funds [1]

Core Viewpoint - The company plans to issue convertible bonds to raise a total of no more than 1.491 billion yuan, with the net proceeds intended for various expansion and development projects [1] Group 1: Fundraising and Investment Plans - The company intends to issue convertible bonds to unspecified investors, with a total fundraising amount not exceeding 1.491 billion yuan [1] - The net proceeds from the fundraising, after deducting issuance costs, will be invested in several key projects, including the expansion of production capacity for automotive central computing platforms and intelligent driving domain control products [1] - Additional investments will be made in the construction of the second phase of the automotive electronics base and the expansion of automotive electronics product capacity [1] Group 2: Specific Projects - The funds will also support the expansion of automotive electronics product capacity at Zhejiang Kebo Da Industrial Co., Ltd. [1] - Investment will be directed towards the headquarters' technology research and development and information technology construction projects [1] - A portion of the funds will be allocated to supplement working capital [1]

Core Viewpoint - Mankun Technology (301132.SZ) plans to issue convertible bonds with a total fundraising amount not exceeding RMB 760 million, with the net proceeds after issuance costs allocated to a high-end printed circuit board production base project in Thailand and an intelligent and digital upgrade project [1] Group 1 - The total amount of convertible bonds to be issued is capped at RMB 760 million [1] - The funds raised will be used for two main projects: a high-end printed circuit board production base in Thailand and an intelligent and digital upgrade project [1]