Group 1 - Colin Electric (科林电气) has initiated a new financing plan, proposing to raise up to 1.5 billion yuan through a private placement to supplement working capital [2] - The shares will be fully subscribed by Shijiazhuang Hisense Energy Holdings Co., Ltd. at a price of 16.19 yuan per share, representing a discount of approximately 4% from the latest closing price [2] - Following the issuance, Hisense Group Holdings Co., Ltd. will indirectly control 54.87% of the company's shares, while Colin Electric will remain without a controlling shareholder [2] Group 2 - Colin Electric is one of the earliest companies in China to engage in microcomputer relay protection and comprehensive automation systems, with a comprehensive product line covering most power scenarios [3] - The company reported a revenue of 4.099 billion yuan in 2024, a year-on-year increase of 4.98%, with new signed orders reaching a historical high of 5.14 billion yuan [3] - The financing will help optimize the company's capital structure, reduce debt levels, and improve short-term solvency, while also enhancing R&D, product diversity, service levels, and marketing channel development [3]

Group 1 - Colin Electric (科林电气) has initiated a new financing plan, proposing to raise up to 1.5 billion yuan through a private placement to supplement working capital [1] - The shares will be fully subscribed by Shijiazhuang Hisense Energy Holdings Co., Ltd., a wholly-owned subsidiary of Hisense Group, at a price of 16.19 yuan per share, representing a discount of approximately 4% from the latest closing price [1] - The lock-up period for the newly issued shares is set at 36 months, and the transaction constitutes a related party transaction [1] Group 2 - Colin Electric is one of the earliest companies in China to engage in microcomputer relay protection and comprehensive automation systems, with a comprehensive product line covering most power scenarios [2] - The company reported a revenue of 4.099 billion yuan in 2024, a year-on-year increase of 4.98%, and achieved a record high in new signed orders amounting to 5.14 billion yuan [2] - The private placement aims to optimize the research and development environment, enrich the product system, enhance service levels, and improve marketing channel construction, which will help the company elevate its industry position and implement an overseas expansion strategy [2] - As of mid-2025, the company's debt-to-asset ratio stands at 62.33%, and the issuance is expected to optimize the capital structure, reduce debt levels, and improve short-term solvency [2]