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发行股票摊薄即期回报
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创益通: 关于2025年度以简易程序向特定对象发行股票摊薄即期回报的风险提示及填补即期回报措施和相关承诺的公告
Zheng Quan Zhi Xing· 2025-08-29 14:19
Core Viewpoint - The company plans to issue shares through a simplified procedure to specific targets in 2025, which may dilute immediate returns for shareholders, and has outlined measures to mitigate this impact [1][2][5]. Financial Impact of Share Issuance - The total share capital before the issuance is 144 million shares, with a maximum estimated issuance of 4,281,509 shares [3]. - The projected net profit for 2025 is 19.68 million yuan, with a non-recurring profit of 16.72 million yuan [3]. - Under three scenarios (holding steady, increasing by 20%, and decreasing by 20%), the diluted earnings per share (EPS) will be affected as follows: - Scenario 1 (steady): Basic EPS before issuance is 0.1367 yuan, diluted EPS after issuance is 0.1327 yuan [4]. - Scenario 2 (20% increase): Basic EPS after issuance is 0.1640 yuan, diluted EPS is 0.1593 yuan [4]. - Scenario 3 (20% decrease): Basic EPS after issuance is 0.1093 yuan, diluted EPS is 0.1062 yuan [4]. Necessity and Reasonableness of the Issuance - The funds raised will be invested in projects that enhance the company's core competitiveness and sustainable development [5][6]. - The projects are aligned with the company's existing business, focusing on precision connectors and components, particularly in the growing renewable energy sector [6][7]. Measures to Mitigate Dilution of Immediate Returns - The company will enhance its main business operations to improve sustainable profitability [10]. - It will expedite the construction of fundraising projects to achieve expected benefits quickly [10][11]. - The company will manage the raised funds efficiently to ensure they are used effectively [11]. - It will optimize the investment return mechanism to strengthen investor returns [11][12]. - The company will continuously improve its governance structure to provide institutional support for development [12]. Commitments from Management - The board of directors and senior management have committed to ensuring the implementation of measures to mitigate the dilution of immediate returns [13][14]. - The controlling shareholder has also made commitments regarding the fulfillment of these measures [14][15].
泛亚微透: 泛亚微透2025年度向特定对象发行股票摊薄即期回报的风险提示及填补回报措施和相关主体承诺的公告
Zheng Quan Zhi Xing· 2025-08-26 09:21
Core Viewpoint - Jiangsu Panya Micropermeable Technology Co., Ltd. announced a plan to issue shares to specific investors, addressing the potential dilution of immediate returns and outlining measures to compensate for this dilution [1][2][4]. Financial Impact Analysis - The company provided a financial impact analysis based on three scenarios for the net profit attributable to shareholders in 2025 compared to 2024: 1. A 10% increase in net profit 2. No change in net profit 3. A 10% decrease in net profit [2][3]. - Under these scenarios, the projected basic earnings per share (EPS) would be as follows: - Scenario 1: 1.42 yuan/share - Scenario 2: 1.09 yuan/share - Scenario 3: 0.98 yuan/share [2][3]. Necessity and Reasonableness of the Issuance - The issuance is deemed necessary to enhance the company's existing business, particularly in high-performance composite materials, including ePTFE micro-permeable membranes and aerogels [4][5]. - The company aims to leverage market trends and its strategic development to further improve and expand its core business [5][6]. Investment Projects and Business Relations - The funds raised will be invested in projects that align with the company's current operations, focusing on CMD product expansion and the development of low-dielectric loss FCCL flexible copper-clad laminates for 6G communications [6][7]. - CMD products have shown a compound annual growth rate of 101% from 2022 to 2024, indicating strong market demand [6]. Research and Development Capabilities - The company has established a robust R&D system, holding numerous patents related to CMD products and FCCL materials, which positions it favorably in the market [8][9]. - The R&D team has extensive experience in the polymer materials sector, contributing to the company's competitive edge [9][10]. Measures to Mitigate Dilution of Immediate Returns - The company plans to implement several measures to enhance competitiveness and mitigate the dilution of immediate returns, including: 1. Strict management of raised funds to ensure compliance and effective use [11]. 2. Active implementation of investment projects to boost business development [11]. 3. Continuous improvement of corporate governance and internal controls [12]. 4. Optimization of profit distribution policies to enhance investor returns [12][13]. Commitments from Stakeholders - The company's controlling shareholders and management have committed to ensuring the effective execution of measures to compensate for the dilution of immediate returns, thereby protecting the interests of minority investors [13][14].
康达新材: 关于向特定对象发行股票摊薄即期回报及填补措施与相关主体承诺的公告
Zheng Quan Zhi Xing· 2025-06-18 12:26
Core Viewpoint - The company is issuing shares to specific investors, which will dilute immediate returns but includes measures to compensate for this dilution [1][4][5] Financial Impact Analysis - The total amount raised from the share issuance is 585 million yuan, with the number of shares issued increasing from 30,340,000 to 39,442,000 [2][3] - Under three scenarios for 2025, the diluted earnings per share (EPS) will be affected as follows: - Scenario 1 (2024 profit level): EPS will decrease from -0.82 to -0.81 [2][3] - Scenario 2 (10% increase in profit): EPS will decrease from -0.82 to -0.72 [3] - Scenario 3 (10% decrease in profit): EPS will decrease from -0.82 to -0.88 [3] - The weighted average return on equity (ROE) is projected to decline in all scenarios, indicating a short-term impact on financial performance [3] Necessity and Reasonableness of the Issuance - The funds raised will be used for project construction and to supplement working capital, which is deemed necessary for improving the company's financial condition and supporting existing business operations [4][5] Measures to Mitigate Dilution Impact - The company plans to implement several measures to ensure effective use of raised funds and mitigate the dilution of immediate returns, including: - Strengthening fund management and ensuring compliance with regulations [5][6] - Actively implementing investment projects to enhance operational efficiency and competitiveness [5][6] - Improving overall management efficiency through talent development and cost control [6] - Strictly adhering to cash dividend policies to enhance investor returns [6] Commitments from Stakeholders - The controlling shareholders and management have committed to ensuring the effectiveness of the measures to compensate for the dilution of immediate returns, with legal responsibilities outlined for any breaches of these commitments [7][8]
兴源环境: 关于本次向特定对象发行A股股票摊薄即期回报采取填补措施及相关承诺的公告
Zheng Quan Zhi Xing· 2025-05-12 13:31
Core Viewpoint - The company is issuing A-shares to specific investors, which may dilute immediate returns for existing shareholders, and has proposed measures to mitigate this impact [1][6][10] Group 1: Impact of Share Issuance - The issuance of shares is expected to increase the total share count from 1,553,807,314 to 1,793,807,314 [4] - The company reported a net loss of 302.26 million yuan for 2024, with a net loss of 374.84 million yuan after excluding non-recurring gains and losses [2][4] - Three scenarios for 2025 net profit were analyzed: 1. Continued loss at 302.26 million yuan [3] 2. Loss reduced by 50% to 151.13 million yuan [5] 3. Profit of 10 million yuan [5] Group 2: Financial Metrics Post-Issuance - Basic earnings per share (EPS) before issuance is -0.19 yuan, projected to improve to -0.17 yuan post-issuance under the first scenario [4] - The diluted EPS is expected to change from -0.19 yuan to -0.17 yuan post-issuance [4] - The weighted average return on equity (ROE) is projected to decrease from -22.64% to -20.71% post-issuance under the first scenario [4] Group 3: Measures to Mitigate Dilution - The company plans to enhance operational efficiency and improve cash flow management to counteract the dilution of immediate returns [6][7] - A comprehensive dividend policy has been established to ensure fair returns to investors, including specific conditions for cash dividends [8] - The company has committed to strict governance and compliance with regulations to protect shareholder interests [8][9] Group 4: Commitments from Management - The company's board and senior management have made commitments to ensure the effectiveness of measures to mitigate the dilution of immediate returns [9][10] - The controlling shareholder has also pledged not to interfere with the company's management and to uphold shareholder interests [9][10]