Core Viewpoint - Cixing Co., Ltd. (300307.SZ) has announced a plan to issue A-shares to specific investors through a simplified procedure, with a total fundraising amount not exceeding RMB 30 million, aimed at funding various projects related to knitting machinery and technology development [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including qualified institutional investors and other eligible entities [1]. - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days prior to the issuance date [1][2]. - The total number of shares issued will not exceed 30% of the total share capital before the issuance [2]. Group 2: Fund Allocation - The net proceeds from the issuance will be allocated to three main projects: 1. Production of 1,500 units of 3D integrated knitting machines and 50 units of medical special knitting machines, with a total investment of RMB 20 million [2][3]. 2. Development and industrialization of 1,170 units of high-end multifunctional special computer knitting machines, with an investment of RMB 10 million [2][3]. 3. Research on digital analysis and testing technology for knitted fabric structures, with an investment of RMB 1.5 million [2][3]. - The total investment for these projects amounts to RMB 31.5 million, with the company planning to raise RMB 30 million [3]. Group 3: Shareholder Structure - As of the announcement date, Yuren Wisdom holds 17.09% of the company's shares, making it the controlling shareholder, while the actual controller, Sun Pingfan, controls 34.19% of the shares [4]. - The issuance will lead to an increase in the company's share capital, but the actual control will remain unchanged despite a decrease in the controlling shareholder's percentage [4]. Group 4: Financial Performance - For the third quarter of 2025, the company reported a revenue of RMB 383.06 million, a decrease of 24.39% year-on-year, and a net profit attributable to shareholders of RMB 16.01 million, down 37.01% [9][10]. - For the year-to-date period, the company achieved a revenue of RMB 1.49 billion, a decline of 16.54%, and a net profit of RMB 122 million, down 60.71% [9][10]. - The cash flow from operating activities was negative at RMB -50.81 million for the year-to-date period [10].

Core Viewpoint - Cixing Co., Ltd. plans to raise up to 300 million RMB through a simplified procedure for a specific group of investors, aiming to expand production capacity and enhance technology development in response to market opportunities in smart manufacturing and industrial upgrades [1] Fundraising Details - The company intends to allocate 185 million RMB for the construction of projects including the annual production of 1,500 units of 3D integrated knitting machines, 50 units of special knitting machines for medical use, and 500,000 functional sports knitted garments [1] - An additional 100 million RMB will be directed towards the research and industrialization of 1,170 units of high-end multifunctional special computer knitting machines [1] - 15 million RMB is earmarked for the research and development of digital analysis and testing technology for knitted fabric structures [1] Financial Performance - For the first three quarters of 2025, the company reported a revenue of 1.489 billion RMB, representing a year-on-year decline of 16.54% [1] - The net profit attributable to shareholders decreased by 60.71% to 122 million RMB [1] - The net profit after deducting non-recurring gains and losses fell by 25.45% to approximately 96.24 million RMB [1] - Notably, the net cash flow from operating activities was -50.81 million RMB, a significant decline of 516.09%, primarily due to a reduction in cash received from sales [1]

Core Viewpoint - Cixing Co., Ltd. plans to raise a total of no more than RMB 300 million through a private placement, with the net proceeds to be used for various projects related to knitting machinery and functional sportswear production [1] Group 1: Fundraising Details - The total amount to be raised is capped at RMB 300 million, including the principal amount [1] - The net proceeds, after deducting issuance costs, will be fully allocated to specific projects [1] Group 2: Project Allocations - The funds will be used for the construction of a project to produce 1,500 units of 3D integrated sports knitting machines and 50 units of special knitting machines for medical use [1] - Additionally, the funds will support the production of 500,000 pieces of functional sports knitted apparel [1] - The investment will also cover the research and industrialization of 1,170 units of high-end multifunctional special computer knitting machines [1] - Lastly, the funds will be directed towards the research and development of digital analysis and testing technology for the organizational structure and basic properties of knitted fabrics [1]

Core Viewpoint - Cixing Co., Ltd. plans to issue shares to specific investors through a simplified procedure, aiming to raise no more than 300 million yuan for various projects [1] Group 1: Share Issuance Details - The company intends to issue shares to no more than 35 specific investors [1] - The issuance price will not be lower than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark [1] - The total amount of funds raised will not exceed 300 million yuan [1] Group 2: Fund Utilization - The net proceeds from the issuance will be used entirely for the construction of projects including the annual production of 1,500 units of 3D integrated sports knitting machines, 50 units of special medical knitting machines, and 500,000 functional sports knitted garments [1] - Additional projects include the research and industrialization of 1,170 units of high-end multifunctional special computer knitting machines and the development of digital analysis and testing technology for the organizational structure and basic properties of knitted fabrics [1]

Core Viewpoint - The company plans to issue shares to specific investors through a simplified procedure, aiming to raise a total of no more than 300 million yuan for various projects [1] Group 1: Share Issuance Details - The company intends to issue shares to no more than 35 specific investors [1] - The issuance price will be no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark [1] - The total amount of funds raised will not exceed 300 million yuan [1] Group 2: Fund Utilization - The net proceeds from the issuance, after deducting issuance costs, will be used entirely for the construction of projects including the annual production of 1,500 units of 3D integrated sports knitting machines and 50 units of special knitting machines for medical use [1] - The funds will also support the annual production of 1,170 units of high-end multifunctional special computer knitting machines and the research and industrialization of digital analysis and testing technology for the structure and basic properties of knitted fabrics [1]