Core Viewpoint - Jiulian Technology (688609.SH) plans to raise up to 181.77 million yuan through a simplified procedure for a private placement of shares, with the funds allocated for the development of Harmony ecosystem smart terminals and communication modules, as well as for replenishing working capital and repaying bank loans [1][2]. Fundraising Details - The total investment for the Harmony ecosystem smart terminal and communication module project is 150.57 million yuan, with 127.24 million yuan expected to be funded from the raised capital [2]. - The remaining 54.53 million yuan will be used for replenishing working capital and repaying bank loans [2]. - The total amount of funds raised will not exceed 181.77 million yuan, and the total investment for all projects is 205.10 million yuan [2]. Share Issuance Information - The shares will be issued as domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan each [2]. - The issuance will be completed within ten working days after the China Securities Regulatory Commission (CSRC) registers the decision [2]. - The pricing benchmark for the issuance is set at 80% of the average trading price over the last 20 trading days prior to the issuance date [3]. Shareholder Structure and Control - The issuance will not exceed 30% of the company's total share capital before the issuance, and the dilution effect on existing shareholders will be limited [4]. - The company has been operating at a loss for two and a half years, with a net profit attributable to shareholders of -142 million yuan in 2024, an improvement from -199 million yuan in the previous year [4]. - The major shareholders, Zhan Qijun and Lin Rong, hold a combined 20.50% of the company's total shares, ensuring that control remains unchanged post-issuance [3][4]. Historical Context - Jiulian Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 23, 2021, with an initial issuance of 100 million shares at a price of 3.99 yuan per share [5]. - The company raised a total of 399 million yuan during its IPO, with net proceeds of 345 million yuan allocated for various projects including the expansion of home network communication terminal equipment [5].

Core Viewpoint - Jiulian Technology (688609) plans to raise up to 182 million yuan through a simplified procedure for a private placement of shares, primarily for the development and industrialization of HarmonyOS ecological smart terminals and communication modules, as well as to supplement working capital [1] Group 1: Fundraising Details - The company intends to issue shares to no more than 35 specific investors [1] - The total amount raised will not exceed 182 million yuan [1] - The pricing benchmark for the issuance will be the average trading price of the stock over the 20 trading days prior to the issuance date, with the issuance price set at no less than 80% of this average [1] Group 2: Use of Proceeds - The funds raised will be used to deepen the company's technological accumulation in the HarmonyOS ecological field [1] - The project aims to expand the industrialization scale of smart terminals and communication modules [1] - The company also aims to optimize its capital structure through this fundraising [1]

Group 1 - The company has approved a capital increase plan of 182 million yuan, with approximately 127 million yuan allocated for the research and industrialization of HarmonyOS ecological smart terminals and communication modules, and the remaining 54.53 million yuan for working capital and bank loan repayment [1] - Simultaneously, major shareholders and executives are executing share reduction plans, with significant amounts of shares set to be sold between July 26 and October 25, 2025 [1][2] - The company's traditional business is facing severe challenges, particularly in the smart network set-top box market, leading to continuous pressure on performance [2] Group 2 - From 2022 to the first half of 2025, the company's revenue figures were 2.403 billion yuan, 2.171 billion yuan, 2.508 billion yuan, and 1.101 billion yuan, while net profits turned negative starting in 2023, resulting in a total loss of 464 million yuan over two and a half years [2] - The gross profit margin has shown a significant decline from 20.57% in 2022 to 9.86% in the first half of 2025, indicating a weakening profitability and competitive position [2] - The company is attempting to pivot towards the HarmonyOS ecosystem and military industry, with plans to acquire a 51% stake in Chengdu Nengtong Technology Co., Ltd., although this restructuring is still in the planning stage [2][3] Group 3 - The company is trying to balance short-term survival with long-term development through its capital operations, which poses a core governance challenge in ensuring fair interests for all shareholders [3] - The success of the company's HarmonyOS narrative in translating into actual profits will be crucial for gaining market trust [3]

Group 1 - The core point of the article is that Jiulian Technology (688609.SH) announced a plan to issue shares to specific targets through a simplified procedure for the fiscal year 2025, aiming to raise a total of no more than 182 million yuan (including the principal) [1] - The total amount to be raised will not exceed 300 million yuan and will be capped at 20% of the company's net assets as of the end of the most recent fiscal year [1] - The net proceeds from the fundraising, after deducting related issuance costs, are intended to be invested in the following projects: research and industrialization of HarmonyOS ecological smart terminals and communication modules, replenishing working capital, and repaying bank loans [1]

Core Viewpoint - Jiulian Technology (688609.SH) plans to issue shares to specific investors, aiming to raise a total of no more than 182 million yuan, which will be used for the development and industrialization of HarmonyOS ecological smart terminals and communication modules, as well as to supplement working capital and repay bank loans [1] Group 1 - The company intends to raise funds not exceeding 182 million yuan [1] - The net proceeds will be invested in the development of HarmonyOS ecological smart terminals and communication modules [1] - Additional funds will be used to supplement working capital and repay bank loans [1]

Group 1 - The company, Jiulian Technology (688609.SH), announced a plan to issue shares to specific investors, aiming to raise a total of no more than 182 million yuan, including the principal amount [1] - The net proceeds from the fundraising are intended for investment in the development and industrialization of HarmonyOS ecological smart terminals and communication modules, as well as to supplement working capital and repay bank loans [1]