Core Viewpoint - The company Jingyan Technology (300709) plans to issue convertible bonds to raise funds for various projects, including the production of precision MIM components for new consumer electronics and data servers, as well as the construction of its headquarters and R&D center [1][2]. Group 1: Convertible Bond Issuance - The company intends to issue convertible bonds with a face value of 100 yuan each, with a total fundraising amount not exceeding 577.89 million yuan [2][4]. - The bonds will have a term of six years and will be listed on the Shenzhen Stock Exchange's Growth Enterprise Market [1]. - The initial conversion price will be determined based on the average stock price over the 20 trading days prior to the announcement, ensuring it does not fall below the latest audited net asset value per share [1][2]. Group 2: Fund Allocation - The total investment for the projects funded by the bond issuance is approximately 588.42 million yuan, with the following allocations: - New consumer electronics and data server precision MIM components production project: 405.34 million yuan - Headquarters and R&D center construction project: 122.06 million yuan - Precision mold center construction project: 61.02 million yuan [4]. - The net proceeds from the bond issuance will be used specifically for these projects after deducting issuance costs [2][4]. Group 3: Shareholder Rights and Prioritization - Existing shareholders will have priority in the allocation of the convertible bonds, with specific ratios to be determined by the board of directors [4]. - The bonds will not be guaranteed, and a qualified credit rating agency will conduct credit ratings and follow-up ratings for the bonds [4].

Core Viewpoint - Jiangsu Jingyan Technology Co., Ltd. is issuing convertible bonds to unspecified objects, analyzing the impact on immediate returns and proposing measures to mitigate potential dilution of returns [1][2][3] Group 1: Impact Analysis of Convertible Bond Issuance - The issuance of convertible bonds is expected to dilute immediate returns, with two scenarios considered: full conversion (100% conversion rate) and no conversion (0% conversion rate) [2][3] - If all bonds are converted, the total share capital will increase to 19,927.96 million shares, with a projected net profit of 10,098.19 million yuan for 2025 [2][3] - Three profit growth scenarios are analyzed: no growth, 10% growth, and 20% growth compared to the previous year, affecting earnings per share (EPS) and diluted EPS [3][5] Group 2: Necessity and Reasonableness of the Issuance - The funds raised will be used for projects that enhance the company's core competitiveness and sustainable development capabilities, including precision MIM components for new consumer electronics and data servers [6][9] - The company is a leading player in the MIM industry, with a diversified product portfolio across various sectors, including consumer electronics and automotive [6][9] Group 3: Measures to Mitigate Dilution of Immediate Returns - The company will strengthen the management of raised funds to ensure effective use and prevent risks associated with fund usage [10][11] - Accelerating the investment progress of the projects funded by the issuance to enhance efficiency and achieve expected benefits sooner [10][11] - Improving operational management and internal controls to boost profitability and reduce financial expenses [11] Group 4: Commitment from Relevant Parties - The company's board and senior management have committed to ensuring the effectiveness of measures to mitigate the dilution of immediate returns [12][13] - The controlling shareholders and actual controllers have also made commitments to uphold the measures related to the issuance of convertible bonds [12][13]

Core Viewpoint - Jiangsu Jingyan Technology Co., Ltd. plans to issue convertible bonds to unspecified investors, aiming to raise a total of up to RMB 577.89 million for investment in precision MIM components and assemblies for new consumer electronics and data servers [2][16]. Group 1: Issuance Overview - The type of securities to be issued is convertible bonds that can be converted into the company's A-shares, which will be listed on the Shenzhen Stock Exchange's Growth Enterprise Market [2]. - The bonds will have a face value of RMB 100 each and will be issued at face value [3]. - The term of the bonds will be six years from the date of issuance [3]. Group 2: Financial Details - The total amount to be raised from the issuance is capped at RMB 577.89 million, which includes the principal amount [2][16]. - The interest rate for the bonds will be determined by the board of directors based on national policies, market conditions, and the company's specific situation [3]. - The bonds will pay interest annually and will repay the principal in a lump sum at maturity [3][4]. Group 3: Conversion and Redemption Terms - The conversion period for the bonds will start six months after issuance and will last until the maturity date [5]. - The initial conversion price will not be lower than the average trading price of the company's stock over the 20 trading days prior to the announcement of the prospectus [5]. - The company reserves the right to redeem the bonds if the stock price exceeds 130% of the conversion price for at least 15 trading days within any 30-day period [10]. Group 4: Use of Proceeds - The proceeds from the bond issuance will be primarily used for the new consumer electronics and data server precision MIM components and assemblies production project, with a total investment of RMB 588.42 million [16]. - If the actual funds raised are less than the planned amount, the company will use its own funds or other financing methods to cover the shortfall [16]. Group 5: Financial Performance - The company has undergone audits for its financial reports for the years 2022, 2023, and 2024, receiving unqualified opinions from the auditing firm [17]. - As of March 31, 2025, the company reported total assets of RMB 331.86 million, with current assets amounting to RMB 193.20 million [19].

Core Viewpoint - Jiangsu Jingyan Technology Co., Ltd. plans to issue convertible bonds to raise up to RMB 577.89 million to support its business development and enhance capital strength and profitability [1][3][10] Group 1: Issuance Details - The company intends to issue convertible bonds convertible into A-shares, which will be listed on the Shenzhen Stock Exchange [2][3] - The funds raised will be allocated to projects including precision MIM components for new consumer electronics and data servers, as well as the construction of headquarters and R&D centers [1][18] Group 2: Necessity of Issuance - The investment amount for the projects is substantial, and self-funding is insufficient, necessitating external financing [3][10] - Convertible bonds offer a combination of equity and debt financing, typically with lower interest rates, thus reducing financial costs and optimizing capital structure [3][10] Group 3: Target Investors - The issuance will prioritize existing shareholders, with specific allocation ratios to be determined by the board [4][24] - The issuance will also be open to other qualified investors, including individuals and institutions [4][5] Group 4: Pricing and Valuation - The initial conversion price will be set based on the average stock price over the previous twenty trading days and must not be lower than the latest audited net asset value per share [6][8][21] - The pricing method and procedures comply with relevant regulations and will be disclosed appropriately [9][20] Group 5: Compliance and Governance - The company has established a sound organizational structure and governance framework, meeting the requirements for issuing convertible bonds [12][15] - The company has no outstanding debts or violations of regulations that would prevent it from issuing bonds [12][22] Group 6: Use of Proceeds - The funds will be exclusively used for business-related projects and will not be allocated for loss compensation or non-productive expenditures [18][19] - The projects align with national industrial policies and regulations [18][19] Group 7: Impact on Shareholder Returns - The issuance may dilute immediate returns for existing shareholders, but the company plans to implement measures to mitigate this impact and enhance profitability [24][25] - Commitments from major stakeholders to support the measures have been documented [25][26] Group 8: Conclusion - The issuance of convertible bonds is deemed necessary and feasible, aligning with the company's strategic goals and benefiting all shareholders [26]

Group 1 - The company Jingyan Technology (300709) announced plans to issue convertible bonds to raise no more than 580 million yuan [1] - The funds will be used for the production of precision MIM components and assemblies for new consumer electronics and data servers [1] - Additional projects include the construction of a headquarters and R&D center, as well as a precision mold center [1]

Group 1 - The company Jingyan Technology (300709) announced on August 1 that it plans to issue convertible bonds to raise no more than 578 million yuan (including principal) [1] - After deducting issuance costs, the net proceeds from the fundraising are intended to be invested in projects related to the production of precision MIM components and assemblies for new consumer electronics and data servers, as well as the construction of a headquarters and R&D center, and a precision mold center [1]

Group 1 - The core viewpoint of the article is that Jingyan Technology (300709.SZ) has announced a plan to issue convertible bonds to unspecified investors, with a total fundraising amount not exceeding 577.89 million yuan [1] - The net proceeds from the fundraising, after deducting issuance costs, are intended to be invested in projects related to the production of precision MIM components and assemblies for new consumer electronics and data servers [1] - Additional investments will be directed towards the construction of the company's headquarters and R&D center, as well as a precision mold center [1]