Core Viewpoint - Huatong Cable (605196.SH) has announced a plan to issue convertible bonds to unspecified investors, aiming to raise up to 800 million RMB for various projects and working capital [1][2][4]. Group 1: Convertible Bond Issuance - The convertible bonds will be issued at a face value of 100 RMB each and will have a term of six years from the date of issuance [1]. - The initial conversion price will be determined based on the average trading price of the company's stock over the 20 trading days prior to the announcement [1]. - The issuance will be prioritized for existing A-share shareholders, who may waive their preemptive rights [3]. Group 2: Fundraising and Investment Projects - The total amount to be raised through the bond issuance is capped at 800 million RMB, which will be allocated to three main projects: 1. Oil service continuous pipe and smart cable expansion project: 50,080.64 million RMB total investment, 41 million RMB from the bond proceeds [3]. 2. Submersible pump cable technology upgrade and submersible electric pump industrialization project: 23,818.01 million RMB total investment, 19 million RMB from the bond proceeds [3]. 3. Working capital replenishment project: 20 million RMB from the bond proceeds [3]. - The total investment for these projects amounts to 93,898.65 million RMB, with the bond proceeds covering 80 million RMB [3]. Group 3: Financial Performance - For the first half of 2023, the company reported a revenue of 3.43 billion RMB, a year-on-year increase of 12.95% [5][6]. - The net profit attributable to shareholders was 138 million RMB, reflecting a growth of 29.30% compared to the previous year [5][6]. - However, the net profit after excluding non-recurring gains and losses decreased by 38.34% to 128 million RMB [5][6].