人民财讯8月25日电，珂玛科技（301611）8月25日晚间公布公司向不特定对象发行可转债预案，拟募集 资金总额不超过7.5亿元，将全部投资于以下项目：结构功能模块化陶瓷部件产品扩建项目、半导体设 备用碳化硅材料及部件项目及补充流动资金。 ...

2022年12月15日，星源卓镁在深交所创业板上市，公开发行股票2,000万股，占发行后总股本的 25%，发行价格为34.40元/股。公司发行的保荐人（主承销商）为安信证券股份有限公司（2023年12月8 日公告公司名称变更为"国投证券股份有限公司" ），保荐代表人为程洁琼、乔岩。 星源卓镁发行募集资金总额为68,800.00万元，扣除发行费用后募集资金净额为59,632.04万元。该公 司最终募集资金净额较原计划多26,397.04万元。星源卓镁于2022年12月12日披露的招股说明书显示，其 拟募集资金33,235万元，拟分别用于高强镁合金精密压铸件生产项目和高强镁合金精密压铸件技术研发 中心。 中国经济网北京8月23日讯 深交所上市审核委员会2025年第14次审议会议于2025年8月22日召开， 审议结果显示，宁波星源卓镁技术股份有限公司（以下简称"星源卓镁"）向不特定对象发行可转债符合 发行条件、上市条件和信息披露要求。 星源卓镁2025年8月14日披露的向不特定对象发行可转换公司债券募集说明书（修订稿）显示，公 司本次申请向不特定对象发行可转换公司债券拟募集资金总额不超过45,000万元（含），所募 ...

声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 此次自查是公司为顺利推进向不特定对象发行可转换公司债券工作的重要环节，这一公告也向市场传递 了公司规范运营的积极信号。 点击查看公告原文>> 山东隆华新材料股份有限公司近日发布公告，鉴于公司拟向不特定对象发行可转换公司债券，根据相关 法律法规要求，公司对最近五年是否存在被证券监管部门和交易所采取处罚或监管措施的情况进行了自 查。 自查结果显示，公司在最近五年期间，不存在被证券监管部门和交易所采取处罚或监管措施的情形。 责任编辑：小浪快报 ...

Core Viewpoint - The company, Shandong Longhua New Materials Co., Ltd., is issuing convertible bonds to unspecified investors, which may dilute immediate returns for existing shareholders. The company has outlined measures to mitigate this dilution and has made commitments to ensure these measures are effectively implemented [1][2][3]. Financial Impact of Convertible Bond Issuance - The issuance of convertible bonds will increase the total share capital from 43 million shares to 50.68 million shares if all bonds are converted [3]. - The projected net profit for the company for 2025 and 2026 is analyzed under three scenarios: maintaining the previous year's profit, a 10% increase, and a 20% increase [2][4]. - The basic earnings per share (EPS) is expected to decrease from 0.40 yuan to 0.37 yuan under the scenario of no profit growth, while it could rise to 0.57 yuan if profits increase by 20% [3][4]. Necessity and Feasibility of the Bond Issuance - The bond issuance is deemed necessary and feasible, with funds allocated for projects that align with the company's core business and growth strategy [6][7]. Relationship of Fundraising Projects to Existing Business - The raised funds will be used for projects that enhance the company's production capacity and product offerings, specifically in the polyether industry, which is expected to improve profitability and market position [6][7]. Measures to Mitigate Dilution of Immediate Returns - The company plans to enhance its governance structure, improve internal management, and ensure efficient use of raised funds to protect shareholder interests [8][9]. - A commitment to a stable profit distribution policy has been established, with a focus on cash dividends to shareholders [9][10]. Commitments from Management - The company's board and major shareholders have made commitments to ensure the effectiveness of the measures aimed at mitigating the dilution of immediate returns [10][11].

本次可转债的具体发行方式由公司股东大会授权公司董事会及/或董事会授权人士与保荐机构(主承销商) 在发行前协商确定。本次可转债的发行对象为持有中国证券登记结算有限责任公司上海分公司证券账户 的自然人、法人、证券投资基金、符合法律规定的其他投资者等(国家法律、法规禁止者除外)。 2022年至2024年，公司营业收入分别为963.94亿元、981.23亿元、977.82亿元，归属于上市公司股东的 净利润分别为159.14亿元、107.03亿元、41.35亿元，归属于上市公司股东的扣除非经常性损益的净利润 分别为159.06亿元、103.86亿元、39.38亿元，经营活动产生的现金流量净额分别为218.00亿元、258.12 亿元、129.49亿元。 2025年1-3月，公司实现营业收入233.57亿元，同比下降0.79%；归属于上市公司股东的净利润为16.00亿 元，同比下降19.74%；归属于上市公司股东的扣除非经常性损益的净利润为15.18亿元，同比下降 22.58%；经营活动产生的现金流量净额为10.53亿元，同比下降57.80%。 本次发行证券的种类为可转换为公司A股股票的可转换公司债券。本次发行的可转债及 ...

Group 1 - The company, Jiuwu High-Tech (300631.SZ), announced a plan to issue convertible bonds to unspecified investors, with a total fundraising amount not exceeding RMB 504 million (including RMB 504 million) [1] - The raised funds will be allocated to various projects, including the construction of a pilot production line for lithium chloride with an annual capacity of 2,000 tons at the Bangguo Salt Lake, production lines for special inorganic membrane components and devices, and to supplement working capital [1]

Group 1 - The company Jin Sanjiang (301059.SZ) has announced a plan to issue convertible bonds to unspecified investors [1] - The total amount of funds raised from this bond issuance, including issuance costs, will not exceed 290 million RMB [1] - The net proceeds from the fundraising, after deducting issuance costs, will be used for the construction project of a silica production base in Malaysia [1]

Core Viewpoint - Wankai New Materials (301216.SZ) is currently experiencing a decline in stock price, closing at 15.94 yuan with a drop of 3.57%, indicating a state of being below its initial public offering price [1] Group 1: Initial Public Offering and Financials - Wankai New Materials was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on March 29, 2022, with an initial public offering of 85.85 million shares at a price of 35.68 yuan per share [1] - The total funds raised from the IPO amounted to 3.063 billion yuan, with a net amount of 2.915 billion yuan after expenses, exceeding the planned fundraising by 1.411 billion yuan [1] - The company intended to use the raised funds for projects including a 1.2 million ton food-grade PET polymer material project (Phase II), a multifunctional green and environmentally friendly polymer material project, and to supplement working capital [1] Group 2: Subsequent Financial Activities - The total issuance costs for the IPO were 148 million yuan, with underwriting and sponsorship fees accounting for 123 million yuan [2] - On May 31, 2023, Wankai New Materials announced a dividend plan, distributing 3 yuan (pre-tax) for every 10 shares and a bonus issue of 5 shares [2] - The company plans to issue convertible bonds with a total fundraising amount not exceeding 2.7 billion yuan, which will be used for a 1.2 million ton MEG project and to supplement working capital, with the listing date set for September 5, 2024 [2][3]

Group 1 - The company plans to issue convertible bonds amounting to 1.292 billion yuan, totaling approximately 12.92 billion yuan [1] - The total number of convertible bonds to be issued is 12,924,948 shares [1] - The initial conversion price for the bonds is set at 19.59 yuan per share [1] Group 2 - The subscription date for the preferential allocation to existing shareholders and online subscription is scheduled for August 20, 2025 [1] - The subscription time on the issuance date is from 9:15 to 11:30 and 13:00 to 15:00 [1]

Investment Rating - The investment rating for the company is maintained at "Buy" with a target price of RMB 5.16 [1][5]. Core Views - The company reported a significant revenue increase of 53% year-on-year to RMB 38.2 billion in H1 2025, but net profit attributable to shareholders fell by 86% to RMB 1.7 billion due to low profit margins on delivered projects and inventory impairment provisions [1][2]. - The company is actively promoting the liquidation of idle assets and optimizing inventory structure, which may impact land acquisition and sales performance [1][3]. - The company has successfully obtained approval for the issuance of convertible bonds, which is expected to enhance liquidity and optimize asset structure [1][4]. Summary by Sections Financial Performance - In H1 2025, the company achieved a revenue of RMB 38.2 billion, a year-on-year increase of 53%, while net profit attributable to shareholders decreased by 86% to RMB 1.7 billion [1][2]. - The gross profit margin declined by 2.6 percentage points to 14.2%, and investment income turned negative at RMB -1.4 billion [2]. Sales and Asset Management - The company focused on sales liquidation, achieving a total sales amount of RMB 50.2 billion, which is an 11% increase year-on-year, outperforming the top 100 real estate companies [3]. - The company is expected to continue prioritizing inventory reduction and structural adjustment, with cautious land acquisition strategies [3]. Financing and Capital Structure - The company issued RMB 2.85 billion in domestic bonds at historically low interest rates, and it has received approval for a RMB 4.8 billion convertible bond issuance [4]. - The average financing cost in H1 2025 decreased by 46 basis points to 4.76% compared to 2024 [4]. Profit Forecast and Valuation - The earnings per share (EPS) forecast for 2025-2027 is RMB 0.30, RMB 0.42, and RMB 0.52 respectively, with a book value per share (BPS) of RMB 7.37 for 2025 [5][10]. - The company is valued at a price-to-book (PB) ratio of 0.7, corresponding to the target price of RMB 5.16 [5].