Core Viewpoint - 瑞玛精密's refinancing project of 632.0265 million yuan has been approved by the Shenzhen Stock Exchange, aimed at funding automotive air suspension systems and seat system integration projects, as well as supplementing working capital [2] Group 1: Project Details - The total investment for the automotive air suspension system project is 439.14 million yuan, with 359.14 million yuan planned to be raised through the refinancing [3] - The seat system integration project has a total investment of 230.53 million yuan, with 182.5565 million yuan intended for fundraising [3] - The working capital supplement project has a total investment of 90.33 million yuan, with the entire amount planned for fundraising [3] Group 2: Financial Projections - The air suspension project is expected to enhance the company's production capacity, with a construction period of 45 months and a total calculation period of 14 years [4] - The seat system integration project is projected to generate an annual revenue of approximately 408 million yuan and a net profit of about 24.5711 million yuan upon reaching full production [4] - The internal rate of return for the seat system project is estimated at 13.92%, with a payback period of 7.93 years [4]

Core Viewpoint - The company, Suzhou Ruima Precision Industry Group Co., Ltd., is planning to issue shares to specific targets to raise a total of no more than 680 million yuan, with funds allocated for various projects including the production of automotive air suspension systems and seat system integration [4][25]. Group 1: Fund Allocation and Project Details - The total amount to be raised is 680 million yuan, with 359.14 million yuan allocated for the automotive air suspension system project, 230.53 million yuan for the seat system integration project, and 90.33 million yuan for working capital [4][25]. - The air suspension system project aims to achieve an annual production capacity of 1.6 million air spring assemblies and 400,000 air supply units, with expected annual revenue of approximately 1.42 billion yuan and net profit of around 142.57 million yuan upon reaching full capacity [4][25]. - The seat system integration project is expected to achieve an annual production capacity of 4.45 million seat integration systems and components, with anticipated annual revenue of about 408 million yuan and net profit of approximately 24.57 million yuan [4][25]. Group 2: Project Implementation and Collaboration - The air suspension system project will be implemented by a non-wholly-owned subsidiary, Pride Automotive Technology (Suzhou) Co., Ltd., which has signed a technology transfer and cooperation development agreement with Pneuride Limited [4][25]. - The company has established a strong supply chain and collaboration with its subsidiaries, ensuring that the raw materials and components required for the projects are readily available and can be sourced efficiently [16][25]. - The projects are positioned to enhance the company's market influence and competitiveness in the automotive parts industry, aligning with the strategic goal of transitioning from basic components to system integration [24][25]. Group 3: Technical and Market Synergies - The projects exhibit significant technical synergies, as the company has accumulated extensive experience in manufacturing precision metal components for automotive air suspension systems, which will facilitate the production processes for the new projects [18][22]. - The customer base for the air suspension system project primarily includes major automotive manufacturers, which aligns with the company's existing business focus on the automotive sector [24][25]. - The integration of seat system components will leverage existing relationships with well-known automotive parts manufacturers and vehicle manufacturers, enhancing the company's ability to meet customized demands and improve customer satisfaction [24][25].