Core Viewpoint - The company Jinhe Biological (002688) plans to issue A-shares to specific investors through a simplified procedure, aiming to raise funds for wastewater treatment expansion and other projects, with a total fundraising target not exceeding 300 million yuan [1][2]. Fundraising Details - The issuance will target no more than 35 specific institutional investors, including securities investment fund management companies, securities companies, trust companies, and qualified foreign institutional investors [1]. - The total amount to be raised is capped at 30 million yuan, which will be used for wastewater treatment expansion, new product warehouse construction, and to supplement working capital [2][3]. Project Allocation - The funds will be allocated as follows: - Wastewater treatment expansion and water resource recycling project: 135.52 million yuan - New product warehouse construction (grain storage): 128.01 million yuan - Supplementing working capital: 36.47 million yuan - Total: 300 million yuan [3]. Shareholding Structure - As of the announcement date, the company has a total share capital of 771,634,398 shares, with the actual controllers holding 33.20% of the shares. The issuance is not expected to change the control of the company [4]. Previous Fundraising - In a previous fundraising round, the company issued 145,132,743 shares at a price of 5.65 yuan per share, raising approximately 820 million yuan, which has been fully utilized for its intended purposes [5]. Recent Shareholder Activity - The controlling shareholder, Inner Mongolia Jinhe Holdings, completed a share reduction plan, selling 22,563,100 shares, which accounted for 3% of the total share capital, primarily to repay pledged debts [6]. Financial Performance - For the first half of 2025, the company reported a revenue of 1.39 billion yuan, a year-on-year increase of 30.45%, and a net profit attributable to shareholders of 138 million yuan, up 51.52% [7][8].

Core Viewpoint - Jinhe Biological (002688.SZ) plans to issue A-shares to specific investors through a simplified procedure, aiming to raise up to 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 stock price over the 20 trading days prior to the pricing benchmark [1] - The number of shares issued will be determined by the total amount raised divided by the issuance price, not exceeding 30% of the total share capital before the issuance [1] Group 2: Fund Utilization - The total amount expected to be raised is up to 300 million yuan, including the principal [1] - After deducting issuance costs, all funds will be used for wastewater treatment expansion and water resource recycling projects, construction of a new product warehouse (grain storage), and to supplement working capital [1]