Group 1 - The core point of the document is that Suzhou Cheersson Precision Industry Group Co., Ltd. is issuing shares to specific investors, with the aim of raising funds for various projects, including the production of automotive air suspension systems and seat systems [1][26][19] - The company was established on March 22, 2012, and became a joint-stock company on November 20, 2017 [3] - The main business of the company includes the research, development, manufacturing, and sales of precision metal components, automotive electronics, communication equipment, and molds, primarily serving the automotive and communication industries [4][5] Group 2 - The company’s total assets as of the end of 2024 are reported at 236,662.37 million RMB, with total liabilities of 144,703.22 million RMB, resulting in total equity of 91,959.15 million RMB [7] - The company’s revenue for 2024 is projected to be 177,433.74 million RMB, with a net profit of -1,898.64 million RMB, indicating a significant decline compared to previous years [8] - The company’s cash flow from operating activities for 2024 is reported as -6,935.92 million RMB, highlighting potential liquidity issues [9] Group 3 - The company plans to raise up to 63,202.65 million RMB through this issuance, which will be allocated to various projects, including the automotive air suspension system and seat system production [30][19] - The issuance will involve up to 35 specific investors, including qualified institutional investors and other eligible entities [26][27] - The company’s stock is listed on the Shenzhen Stock Exchange under the code 002976 [5]

公告显示，五洲新春此次定增拟面向不超过 35 名特定投资者发行，发行价格不低于定价基准日前 20 个 交易日均价的 80%。五洲新春"具身智能机器人和汽车智驾核心零部件研发与产业化项目"预计将在三年 内完成建设，届时将形成年产98万套行星滚柱丝杠和210万套微型滚珠丝杠的生产能力。这不仅将进一 步提升公司的市场竞争力，也为未来的增长奠定了坚实的基础。 6月16日晚间，轴承龙头企业五洲新春（维权）披露《2025年度向特定对象发行 A 股股票预案》，拟募 资不超过10 亿元，用于 "具身智能机器人和汽车智驾核心零部件研发与产业化项目"，同时补充部分流 动资金。消息一出，引发市场广泛关注，股价也随之出现波动。此次定增究竟是公司迈向新赛道的重要 契机，还是跟风？ 五洲新春的主营业务长年围绕精密制造展开，产品覆盖轴承、热管理系统零部件以及汽车安全系统部 件。近年来，公司逐步向新能源汽车、风电、人形机器人等新兴产业转型，丝杠产品成为其拓展重点。 结语：在"国产替代"的大旗下，企业既要抓住产业升级机遇，更需警惕概念泡沫反噬。当资本市场 为"具身智能"的故事支付百亿估值时，真正的考验才刚刚开始：是成为舍弗勒式的隐形冠军，还是 ...