Company Overview - Eaglerise Electric & Electronic (China) Co., Ltd. is engaged in the manufacturing and sales of transformers, power supplies, and lighting products, with a registered capital of 392.21 million yuan [1][12]. - The company was established on October 15, 1999, and is headquartered in Foshan, Guangdong Province, China [1][12]. Financial Information - As of March 31, 2025, the total share capital of the company is 392,205,291 shares, with 94.73% being freely tradable shares [12]. - The company’s major shareholder, Foshanshi Maiges Investment Co., Ltd., holds 23.77% of the shares, while the actual controller, Xiao Jun Cheng, holds a total of 26.72% [12][8]. Business Strategy - The company plans to raise a minimum of 300 million yuan through a targeted issuance of A-shares, with the funds intended for working capital [7][8]. - The issuance will not change the control of the company, as the major shareholder will remain the same post-issuance [8]. Industry Context - The company operates within the electrical machinery and equipment manufacturing industry, specifically in the sub-sectors of lighting equipment and transformers [13][14]. - The industry is regulated by the National Development and Reform Commission and the Ministry of Industry and Information Technology, which oversee policy formulation and industry standards [13]. Market Trends - The demand for new energy transformers is increasing, particularly in applications such as photovoltaic and wind power generation, electric vehicles, and energy storage systems [14][16]. - The industry is experiencing rapid growth due to government policies promoting renewable energy and energy efficiency, with a focus on reducing reliance on fossil fuels [15][16].