Core Viewpoint - *ST Songfa plans to raise up to 7 billion yuan through a private placement of shares to no more than 35 specific investors, focusing on green and intelligent high-end shipbuilding projects [1] Group 1: Fundraising Details - The company intends to issue no more than 291 million shares, which is up to 30% of the total share capital before the issuance [1] - The issue price will be no less than 80% of the average trading price over the 20 trading days prior to the pricing benchmark [1] - The raised funds will be allocated to three projects: 5 billion yuan for integrated green intelligent high-end shipbuilding, 1.5 billion yuan for upgrading green ship manufacturing, and 500 million yuan for supporting terminal projects [1] Group 2: Market Context - The global shipbuilding market is experiencing strong demand, with new ship orders expected to increase by 46.60% year-on-year in 2024, reaching the highest level since 2017 [1] - The company has orders scheduled beyond 2030, indicating a need to expand production capacity to meet delivery obligations [1] Group 3: Future Strategy - The company aims to align with national policy directions and industry trends by actively developing low-carbon, zero-carbon ships, and high-value ships for low-temperature and ultra-low-temperature gas transportation [1] - There is a continuous effort to meet the demand for high-end green ship research and construction [1]

Group 1 - The core point of the article is that *ST Songfa (603268.SH) announced a plan to issue shares to specific targets, aiming to raise up to 7 billion yuan for various green shipbuilding projects [1] - The funds raised will be allocated to projects including integrated green intelligent high-end ship manufacturing, and supporting facilities for shipbuilding at Hengli Shipbuilding (Dalian) Co., Ltd [1] - The net amount after deducting issuance costs is intended for investments in multiple green shipbuilding initiatives, including upgrades to manufacturing facilities and dock projects [1]

Core Viewpoint - Company *ST Songfa plans to raise no more than 7 billion yuan through a private placement of shares, with the aim of enhancing its competitiveness and performance in the green shipbuilding industry [1] Fundraising Allocation - 5 billion yuan will be allocated to a green intelligent high-end shipbuilding integrated project [1] - 1.5 billion yuan will be used for the upgrade of supporting facilities for green shipbuilding at Hengli Shipbuilding (Dalian) Co., Ltd [1] - 500 million yuan will be directed towards the supporting project for green high-end shipbuilding at the 3-6 wharf [1] Project Status - All projects are currently in the process of filing and environmental impact assessment procedures [1]

Financial Performance - The company reported a total revenue of 897 million yuan for the first half of 2025, representing a year-on-year increase of 16.39% [1] - The net profit attributable to shareholders reached 141 million yuan, up 4.87% year-on-year [1] - The gross margin was 38.2%, a decrease of 2.33% compared to the previous year, while the net margin was 15.54%, down 9.45% [1] - Accounts receivable increased to 752 million yuan, a rise of 19.38% year-on-year, with accounts receivable to net profit ratio at 306.84% [1] - The company’s earnings per share (EPS) was 0.67 yuan, an increase of 4.69% year-on-year [1] Business Strategy and Development - The company is focusing on the humanoid robot sector, providing comprehensive motion execution solutions and key components to enhance the capabilities of robots [3] - It aims to deepen its presence in high-end equipment, robotics, and medical devices, optimizing internal resources and customizing products based on client needs [4] - The company has received type approval for its C800 and C310-Pro series inverters from the China Classification Society, contributing to the green energy transition in the maritime industry [5] Competitive Advantage - The company emphasizes a market-driven product development approach, ensuring that products meet customer needs effectively and reduce overall costs [6] - It is actively expanding its international market presence, particularly in regions like Africa, Asia, and Latin America, while also targeting growth in Europe and the United States [6]