Core Viewpoint - The company, Xiashaxing Precision (001306.SZ), has announced a plan to issue A-shares to specific investors in 2025, aiming to raise up to RMB 80 million for various projects and working capital [1][2]. Group 1: Share Issuance Details - The share issuance will target no more than 35 specific investors, including legal entities and qualified foreign institutional investors, with a cash subscription requirement [1]. - The issuance will adopt a competitive pricing method, with the price set at no less than 80% of the average stock price over the 20 trading days prior to the pricing date [1]. - A total of up to 18,855,180 shares will be issued, representing no more than 30% of the company's total share capital before the issuance [1]. Group 2: Fund Utilization - The total amount raised from the issuance will not exceed RMB 80 million, which will be allocated to the following projects: - Core components industrialization project for intelligent transmission systems: RMB 54 million - Equipment development and industrialization project: RMB 8 million - Technology research and application center construction project: RMB 6 million - Supplementing working capital and repaying debts: RMB 12 million [2][3]. Group 3: Shareholder Structure - As of the announcement date, the controlling shareholder is Ningbo Xiashaxing Investment Holding Co., Ltd., with actual controllers holding 73.98% of the shares. The issuance will not change the control of the company [4]. - The company plans to list publicly on the Shenzhen Stock Exchange on November 16, 2023, with an initial public offering of 15,500,000 shares at a price of RMB 53.63 per share [4]. Group 4: Financial Performance - For the third quarter of 2023, the company reported revenue of RMB 201 million, a year-on-year increase of 14.68%, while net profit attributable to shareholders decreased by 61.78% to RMB 4.72 million [5][7]. - Year-to-date revenue reached RMB 575 million, up 24.66%, but net profit attributable to shareholders fell by 47.02% to RMB 25.29 million [5][7]. - The company reported a net cash flow from operating activities of -RMB 27.09 million [6].

Core Viewpoint - The company, Xiaxia Precision (001306.SZ), plans to issue shares to specific investors, aiming to raise a total of no more than 800 million yuan, with the net proceeds intended for various projects and debt repayment [1] Fundraising Details - The total amount expected to be raised is up to 800 million yuan [1] - The net proceeds, after deducting issuance costs, will be fully allocated to the following projects: - Industrialization of core components for intelligent transmission systems - Equipment development and industrialization projects - Construction of a technology research and application center - Supplementing working capital and repaying debts [1]

Core Viewpoint - The company, Xiaxia Precision (001306), plans to raise up to 800 million yuan through a private placement of shares, with the net proceeds intended for various projects and debt repayment [1] Group 1: Fundraising Details - The total amount expected to be raised is no more than 800 million yuan [1] - The net proceeds, after deducting issuance costs, will be fully allocated to specific projects [1] Group 2: Allocation of Funds - The funds will be invested in the following projects: - Industrialization of core components for intelligent transmission systems - Equipment development and industrialization projects - Construction of a technology research and application center - Supplementing working capital and repaying debts [1]

Core Viewpoint - The company, Xiaxia Precision, announced plans to issue A-shares to raise no more than 800 million yuan, with the net proceeds allocated to various projects including the industrialization of core components for intelligent transmission systems, equipment development, technology research, and working capital replenishment [1] Group 1 - The company intends to raise funds not exceeding 800 million yuan [1] - The net proceeds will be used for the industrialization of core components for intelligent transmission systems [1] - Additional allocations include equipment development, technology research, and working capital replenishment [1]

Core Viewpoint - The company plans to raise up to 800 million yuan through a private placement of A-shares, with the net proceeds allocated to various projects including the industrialization of core components for intelligent transmission systems, equipment development, technology research, and working capital replenishment [1] Summary by Categories Fundraising Details - The company intends to issue no more than 18.8552 million shares at a price not lower than 80% of the average stock price over the 20 trading days prior to the pricing benchmark [1] Use of Proceeds - The net proceeds after deducting issuance costs will be fully utilized for: - Industrialization projects for core components of intelligent transmission systems - Equipment development and industrialization projects - Construction of a technology research and application center - Supplementing working capital and repaying debts [1] Regulatory Process - The final issuance targets will be determined after the company receives the registration decision from the China Securities Regulatory Commission, in consultation with the lead underwriter [1]

Core Viewpoint - The company has made significant investments in land and projects to enhance its operational capabilities and expand its market presence, including a new project in Vietnam and a stock incentive plan to attract talent [5][6][8]. Group 1: Company Overview - The company is named Zhejiang Xiasha Precision Manufacturing Co., Ltd. and has undergone changes in its registered capital due to the completion of its stock incentive plan [7][8]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [5]. Group 2: Financial and Investment Activities - The company plans to invest up to 1 billion RMB in a project for the industrialization of core components for intelligent transmission systems, with funding sources including self-owned funds and bank loans [5]. - The company has successfully acquired land in Ningbo for 80.29 million RMB for its new project [5]. - A new investment project in Vietnam aims to produce 1 million sets of precision transmission structure products, with an investment cap of 1.5 million USD [6]. Group 3: Stock Incentive Plan - The company has approved the grant of 850,600 restricted stocks to 107 incentive targets, with the grant date set for July 9, 2025 [6][8]. - The registered capital has been adjusted from 62 million RMB to 62.85 million RMB following the completion of the stock incentive plan [8].

Investment Project Overview - The company has approved a project to purchase land use rights and invest in the "Core Components Industrialization and Equipment Collaborative Development Project" with a total investment not exceeding 1 billion RMB [1][2] - The funding sources for the project include self-owned funds, bank loans, or other financing methods [1] Land Use Rights Acquisition - The company successfully bid for land use rights at a price of 80.29 million RMB for a plot located in Zhenhai District, with a total area of 53,166 square meters [2] - The land is designated for industrial use, specifically for the manufacturing of bearings, gears, and transmission components [2] Contract Details - The contract for the land use rights was signed with the Ningbo Natural Resources and Planning Bureau, with a usage period of 50 years [2] Purpose and Impact of Land Acquisition - The acquisition aligns with the company's development strategy and is expected to optimize production layout, expand capacity, and enhance market share [2] - The project is seen as a positive step for the company's future development [2] Funding and Financial Impact - The funding for the land acquisition comes from the company's own resources, ensuring that it does not adversely affect existing business operations or financial performance [3]