Core Viewpoint - The company, Shunbo Alloy, is facing significant financial challenges, with net profits declining for three consecutive years, prompting a new fundraising initiative of 600 million yuan to support its recycling aluminum projects [1][3]. Group 1: Fundraising Details - Shunbo Alloy plans to raise up to 600 million yuan through a private placement of A-shares to no more than 35 specific investors, with the funds allocated entirely to two core projects in the recycling aluminum industry [1]. - The pricing for the new shares will be set at no less than 80% of the average trading price over the previous 20 trading days, with a maximum issuance of 100 million shares, representing 14.94% of the total share capital as of June 30, 2025 [1][2]. - The funds will be used for the "Annual Production of 630,000 Tons of Low-Carbon Environmentally Friendly Aluminum Alloy Ingot Project" and the "Annual Production of 500,000 Tons of Green Circular High-Performance Aluminum Plate and Strip Project" [1]. Group 2: Financial Performance - The company reported a drastic decline in net profit, with figures dropping from 342 million yuan in 2021 to 125 million yuan in 2023, marking a 47.96% decrease to 65 million yuan in 2024 [3]. - The previous fundraising of 600 million yuan was fully utilized by June 30, 2025, and the company is committed to using self-raised funds for project construction until the new funds are available [2][3].

Group 1 - The company plans to issue shares to specific investors to raise no more than 600 million yuan [1] - The funds will be used for two projects: a 630,000-ton low-carbon environmentally friendly aluminum alloy ingot project and a 500,000-ton green circular high-performance aluminum plate and strip project [1] - The number of shares to be issued will not exceed 100 million, accounting for 14.94% of the company's total share capital as of June 30, 2025 [1]