Core Viewpoint - The company plans to issue shares through a simplified procedure to specific targets in 2025, which may dilute immediate returns for shareholders, and has outlined measures to mitigate this impact [1][2][5]. Financial Impact of Share Issuance - The total share capital before the issuance is 144 million shares, with a maximum estimated issuance of 4,281,509 shares [3]. - The projected net profit for 2025 is 19.68 million yuan, with a non-recurring profit of 16.72 million yuan [3]. - Under three scenarios (holding steady, increasing by 20%, and decreasing by 20%), the diluted earnings per share (EPS) will be affected as follows: - Scenario 1 (steady): Basic EPS before issuance is 0.1367 yuan, diluted EPS after issuance is 0.1327 yuan [4]. - Scenario 2 (20% increase): Basic EPS after issuance is 0.1640 yuan, diluted EPS is 0.1593 yuan [4]. - Scenario 3 (20% decrease): Basic EPS after issuance is 0.1093 yuan, diluted EPS is 0.1062 yuan [4]. Necessity and Reasonableness of the Issuance - The funds raised will be invested in projects that enhance the company's core competitiveness and sustainable development [5][6]. - The projects are aligned with the company's existing business, focusing on precision connectors and components, particularly in the growing renewable energy sector [6][7]. Measures to Mitigate Dilution of Immediate Returns - The company will enhance its main business operations to improve sustainable profitability [10]. - It will expedite the construction of fundraising projects to achieve expected benefits quickly [10][11]. - The company will manage the raised funds efficiently to ensure they are used effectively [11]. - It will optimize the investment return mechanism to strengthen investor returns [11][12]. - The company will continuously improve its governance structure to provide institutional support for development [12]. Commitments from Management - The board of directors and senior management have committed to ensuring the implementation of measures to mitigate the dilution of immediate returns [13][14]. - The controlling shareholder has also made commitments regarding the fulfillment of these measures [14][15].

Core Viewpoint - Shenzhen Chuangyitong Technology Co., Ltd. plans to issue shares to specific investors to raise up to 128 million yuan to enhance its capital strength and market competitiveness, particularly in the precision connector sector for the growing new energy vehicle market [1][2][3]. Group 1: Background and Purpose of the Issuance - The connector industry is a key focus of national support, with policies promoting the development of electronic components, including connectors, which are essential for various sectors such as automotive and consumer electronics [2][3]. - The rapid growth of the new energy vehicle market in China, with sales increasing from 1.3673 million units in 2020 to 12.8659 million units in 2024, has created a strong demand for high-quality connectors [3][4]. - The issuance aims to enhance production capacity for new energy precision connectors and structural components, responding to the increasing market demand and improving the company's revenue and profitability [4][5]. Group 2: Financial Aspects of the Issuance - The total amount to be raised from the issuance is expected to be no more than 128 million yuan, with the funds allocated to projects that align with the company's strategic direction and market potential [1][7]. - The issuance will involve issuing A-shares with a par value of 1 yuan each, and the pricing will be based on the average trading price over the previous 20 trading days [6][10]. Group 3: Market and Competitive Landscape - The automotive connector market is evolving with the introduction of high-voltage fast charging technologies, which require connectors to meet stricter performance and reliability standards [4][6]. - The company has established a strong market presence and strategic partnerships with major clients in the new energy sector, enhancing its competitive edge [25][26]. Group 4: Risk Mitigation and Shareholder Protection - The company has outlined measures to mitigate the potential dilution of immediate returns for shareholders due to the issuance, including commitments from management to ensure the effectiveness of the investment projects [19][29]. - The issuance process has been structured to comply with relevant laws and regulations, ensuring fairness and transparency for all shareholders [18][17].