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]

Core Viewpoint - Jinhe Biological (002688.SZ) plans to raise a total of no more than 300 million yuan through a private placement, which will be used for wastewater treatment expansion, water resource recycling upgrades, new product warehouse construction, and to supplement working capital [1] Group 1 - The total amount to be raised is capped at 300 million yuan [1] - The fundraising amount will not exceed 20% of the company's net assets as of the end of the most recent fiscal year [1] - All proceeds, after deducting issuance costs, will be allocated to specific projects [1]

Core Viewpoint - Jinhe Biological (002688) announced that its wholly-owned subsidiary, Jinhe Environmental Protection, plans to invest 158 million yuan in the expansion and upgrading of wastewater treatment and water resource recycling projects, which aligns with national industrial policies and industry development trends [1] Investment Project Summary - The project aims to enhance Jinhe Environmental Protection's wastewater treatment capacity and improve the scale of water resource recycling to meet growing customer demand [1] - The construction period for the project is expected to be 2 years, with funding sourced from the company's own funds and self-raised funds [1] Strategic Implications - Upon completion, the project is expected to expand the business scale of Jinhe Environmental Protection, strengthen the company's overall capabilities, and improve future profitability [1]