Core Viewpoint - Changhua Chemical plans to raise up to 230 million yuan through a simplified procedure for a specific audience to fund its carbon dioxide polyether project (Phase I) [1] Group 1: Fundraising Details - The total investment for the carbon dioxide polyether project (Phase I) is approximately 742.95 million yuan, with the company aiming to use the raised funds of 230 million yuan for this project [2] - The shares to be issued will be domestic RMB ordinary shares (A-shares) with a par value of 1.00 yuan per share, and the issuance will target no more than 35 specific investors [2][3] - The issuance price will be no less than 80% of the average stock price over the 20 trading days prior to the pricing benchmark, and the final price will be determined based on subscription bids [3] Group 2: Shareholding Structure - As of the disclosure date, Changshun Group holds 63.11 million shares, representing 45.02% of the total shares, with Gu Renfa and Zhang Xiufen being the actual controllers of the company [4] - After the issuance, the shareholding percentage of Gu Renfa, Zhang Xiufen, Gu Qian, and Gu Lei will decrease, but they are expected to remain the actual controllers of the company [4] Group 3: Recent Financial Performance - In 2024, the company reported revenue of 3.05 billion yuan, a year-on-year increase of 12.47%, but net profit attributable to shareholders decreased by 49.90% to 58.16 million yuan [7] - For the first quarter of 2025, revenue was 579 million yuan, a year-on-year decline of 12.51%, with net profit attributable to shareholders decreasing by 15.10% to 18.70 million yuan [7]