Core Viewpoint - Jingxi International (02339) experienced a significant stock price fluctuation, initially opening lower but later rising over 18%, reflecting market reactions to its recent financing announcements [1] Financing Details - The company plans to issue 430.8 million shares to its controlling shareholder and three other subscribers, along with convertible bonds amounting to approximately 409 million yuan, raising a net amount of 710.4 million yuan [1] - The allocation of the funds includes 40% for the construction of new production lines and upgrading existing lines at its Poland facility, 30% for operational funds at the Poland facility, 25% for operational funds at technology centers in Poland, Italy, and France, and 5% for operational funds at the company's Hong Kong headquarters [1] Market Context - The financing decision is driven by the robust growth in the automotive market and the complexities associated with transitioning to electric vehicles, which have diversified the demand for internal combustion, hybrid, and electric vehicle components [1] - The company has faced rising operational costs and R&D investments, alongside increased pressure on working capital and talent requirements [1] R&D Achievements - Jingxi International has made significant investments in R&D, achieving a fully controllable supply chain for magnetorheological dampers, being the first in the domestic market to do so, and holds all relevant intellectual property rights [1]