Core Viewpoint - The company, Shenzhen Megmeet Electric Co., Ltd., is planning to issue shares to specific investors in 2025 to raise funds for various projects, aiming to enhance its production capacity and market presence in the electrical automation industry. Group 1: Company Overview - Company Name: Shenzhen Megmeet Electric Co., Ltd. [3] - Stock Code: 002851.SZ [3] - Established: March 6, 2017 [3] - Registered Capital: 545.69 million RMB [5] Group 2: Business Operations - The company specializes in power electronics and related control technologies, focusing on energy conversion, automation control, and applications [6][8]. - Main products include intelligent home appliance controls, power supply products, new energy components, and industrial automation solutions [8][10]. - The company aims to become a global leader in electrical control and energy-saving solutions, with products used across various sectors including home appliances, medical devices, and renewable energy [8][10]. Group 3: Financial Data - Total Assets as of March 31, 2025: 1,190.10 million RMB [4] - Operating Revenue for 2025: 231.63 million RMB [4] - Net Profit for 2025: 11.50 million RMB [4] - Gross Margin for the reporting period: 23.57% [10] Group 4: Fundraising and Investment Projects - The company plans to use the funds raised for projects including the construction of a new intelligent industrial center and expansion of production bases [19][20]. - Expected annual revenue from new projects upon completion is estimated at 603.33 million RMB [19]. - The company anticipates a compound annual growth rate of 11.74% in production capacity by 2030 [19]. Group 5: Risks and Challenges - The company faces risks related to macroeconomic fluctuations, competition in the electrical automation industry, and potential supply chain disruptions [6][10]. - There is a risk of declining gross margins due to increased competition and rising raw material costs [10][12]. - The company must manage its inventory and accounts receivable effectively to mitigate financial risks [11][12].