Fundraising Plan - The company plans to raise a total of RMB 577.89 million through the issuance of convertible bonds, with the net proceeds intended for specific projects [1][3] - The primary project funded by this issuance is the production of precision MIM components for new consumer electronics and data servers, with a total investment of RMB 588.42 million [3][4] Project Details - The precision MIM component production project aims to enhance production capacity and meet the growing demand in the consumer electronics and data server sectors, particularly for products like foldable smartphones and wearable devices [4][5] - The project will utilize existing facilities and introduce advanced automated production and testing equipment to improve production capabilities [6][7] Market Opportunities - The consumer electronics and data server markets are experiencing rapid growth, creating significant opportunities for MIM companies, with a projected annual growth rate of 6.86% from 2024 to 2028 in the global MIM market [4][5] - The shift from plastic to metal components in data servers increases the demand for high-strength, precision MIM parts, further driving market opportunities [4][5] Financial Projections - The internal rate of return for the project is estimated at 16.20%, with a payback period of approximately 6.04 years, indicating favorable economic benefits [12] - The company anticipates that the successful implementation of these projects will enhance its profitability and market competitiveness [28] Organizational and Technical Support - The company has established a robust research and development platform, with a focus on continuous innovation in MIM technology, which supports the project’s implementation [10][11] - The company has a strong customer base and established relationships with leading brands in the consumer electronics sector, providing a solid foundation for capacity utilization [10][18] Strategic Importance - The fundraising and subsequent projects align with national industrial policies and the company's strategic development direction, aiming to optimize product structure and enhance financial strength [28] - The projects are expected to solidify the company's leading position in the industry and support sustainable development [28]