Core Viewpoint - ShenKai Co., Ltd. plans to raise up to 220 million yuan through a simplified procedure for issuing shares to specific investors, with funds allocated for high-end marine engineering equipment manufacturing, acquisition of a 51% stake in Beijing Blue Ocean Intelligent Energy Technology Co., Ltd., and working capital supplementation [1][5][10]. Group 1: Fundraising and Share Issuance - The total amount to be raised does not exceed 220 million yuan and is within 20% of the company's net assets as of the end of the last fiscal year [1][4]. - The issuance will target up to 35 specific investors, including qualified institutional investors and individuals, with cash subscriptions required [2][3]. - The issuance price will be no less than 80% of the average trading price over the 20 trading days prior to the pricing date [2][4]. Group 2: Acquisition of Blue Ocean Intelligent - ShenKai plans to use 60 million yuan of the raised funds to acquire a 51% stake in Blue Ocean Intelligent, which is valued at 117.65 million yuan for 100% equity [5][6]. - Blue Ocean Intelligent specializes in intelligent drilling technology and aims to enhance drilling efficiency and risk management for oil companies [6][10]. - The acquisition aligns with ShenKai's strategy to strengthen its core business and enhance competitiveness through digital solutions [9][10]. Group 3: Financial Performance - For Q1 2025, ShenKai reported a revenue of 202 million yuan, a year-on-year increase of 41.78%, and a net profit of 18.46 million yuan, compared to a loss in the same period last year [11]. - In 2024, the company recorded a revenue of 733 million yuan, a slight decline of 1.44%, but a net profit increase of 22.79% to 30.17 million yuan [13]. - The financial outlook indicates a positive trend with significant improvements in net profit and cash flow from operating activities [11][13].