Group 1 - The company, Suzhou Yunzhu Technology Co., Ltd., is planning to issue A-shares to specific investors to meet funding needs and enhance capital strength and competitiveness [1] - The issuance is driven by the growing importance of new electronic components in supporting the national information technology industry, especially in the context of a complex international political and economic environment [1][3] - Recent government policies have been introduced to support the development of the electronic components industry, aiming to enhance core technologies and industry competitiveness [1][3] Group 2 - The company has seen significant growth in mobile phone shipments, with a global increase of 6.4% to 1.24 billion units, and a domestic increase of 8.7% to 314 million units in 2024 [2] - The demand for camera modules and key components is rising due to the increasing market share of high-end smartphones and enhanced camera functionalities in mid-range devices [2] - The electronic ceramics market is expanding rapidly, driven by their applications in consumer electronics, energy, home appliances, and automotive sectors [2][3] Group 3 - The company has maintained a high capacity utilization rate for its CMI, DPC, and MLCC products, and the new fundraising will alleviate capacity bottlenecks and support market share expansion [4][5] - The company aims to enhance its product matrix in the electronic ceramics sector, focusing on high-value applications to drive new growth points and ensure sustainable development [4][5] - As of June 30, 2025, the company's debt-to-asset ratio was 89.73%, indicating a need for improved capital structure through the issuance [4][5] Group 4 - The issuance will involve domestic listed ordinary shares (A-shares) with a par value of RMB 1.00 per share [6] - The fundraising aligns with national industrial policies and the company's strategic development plan, aiming to enhance industry position and risk resilience [6][7] - The issuance will optimize the capital structure, reduce operational and financial risks, and support stable business operations [5][6] Group 5 - The company plans to issue shares to no more than 35 specific investors, including various financial institutions and qualified investors [6][8] - The final selection of investors will be determined based on the bidding results after regulatory approvals [6][8] - The selection criteria ensure that investors possess adequate risk recognition and financial capability [6][8] Group 6 - The pricing for the issuance will be based on a competitive bidding process, with a minimum price set at 80% of the average trading price over the previous 20 trading days [7][8] - The pricing method and procedures comply with relevant regulations, ensuring transparency and fairness in the issuance process [7][8] Group 7 - The company has established a robust team with expertise in technology, production management, and market sales to support the fundraising projects [15][16] - The company holds 264 authorized patents, including 65 invention patents, demonstrating its strong R&D capabilities [16] - The fundraising projects are closely aligned with the company's existing business, focusing on enhancing production capacity and optimizing product structure [15][16] Group 8 - The company has committed to measures to mitigate the potential dilution of immediate returns for shareholders resulting from the issuance [19][20] - The board and management have made commitments to uphold the interests of shareholders and ensure the effective implementation of return compensation measures [19][20] - The company will continue to enhance its governance structure and internal controls to protect investor rights and ensure sustainable development [19][20]

Group 1 - The core point of the article is that Yunzhong Technology (688260.SH) announced a plan to issue A-shares to specific targets, aiming to raise a total of no more than 875.70 million yuan [1] - The net proceeds from the issuance, after deducting issuance costs, are intended to be invested in several projects, including the CMI component technology upgrade and expansion project, DPC intelligent production line technology upgrade and expansion project, and the multilayer ceramic capacitor intelligent production line technology upgrade project [1] - Additional funds will be allocated for working capital supplementation and repayment of bank loans [1]

Fundraising Plan - The company plans to raise a total of up to 875.70 million yuan through a private placement of A-shares, with the funds allocated to various projects including CMI component upgrades, DPC intelligent production line upgrades, MLCC production line upgrades, and working capital replenishment [1][2][23]. CMI Component Upgrade Project - The CMI component upgrade project has a total investment of 230 million yuan, with 190.80 million yuan sourced from the raised funds. The project aims to enhance automation, intelligence, and flexibility in production to meet the demands of next-generation CMI products and improve production efficiency [2][3][4]. - The project is expected to alleviate capacity bottlenecks as the current CMI production line is operating at full capacity, necessitating an expansion to meet existing and new customer demands [3][4]. - The upgrade will also enable the company to respond to the growing market for high-end smartphone components, particularly in the OIS and periscope lens markets, which are expected to penetrate the mid-range smartphone segment [5][6]. DPC Intelligent Production Line Upgrade Project - The DPC project has a planned investment of 180 million yuan, with 170.50 million yuan from the raised funds. It focuses on upgrading the production line to enhance automation and flexibility, thereby supporting the growth of ceramic products [8][9]. - The project aims to transition the company’s electronic ceramics towards high-value products, addressing the increasing demand in the market and enhancing overall business growth potential [9][10]. MLCC Production Line Upgrade Project - The MLCC project plans to invest 350 million yuan, with 254.40 million yuan from the raised funds. This project is crucial for increasing the production capacity and improving the quality of high-capacity MLCC products [14][15][21]. - The project aligns with national policies supporting the development of electronic components, aiming to reduce reliance on imports and enhance domestic supply capabilities [17][18]. - The global MLCC market is projected to grow significantly, driven by demand from sectors such as automotive electronics and 5G communications, providing a favorable environment for the project [19][20]. Working Capital and Debt Repayment - The company intends to use part of the raised funds to replenish working capital and repay bank loans, addressing the financial pressures arising from rapid business expansion [22][24]. - This financial strategy aims to optimize the capital structure, reduce the debt ratio, and enhance the company's risk resilience [22][24]. Overall Impact - The fundraising and associated projects are expected to strengthen the company's market position, enhance its competitive edge, and improve financial stability, ultimately benefiting shareholders [23][24].

Core Viewpoint - The company, Yunzhong Technology (688260.SH), plans to issue A-shares to specific investors, aiming to raise a total of no more than 876 million yuan, which will be allocated to various projects and working capital [1] Fundraising Purpose - The net proceeds from the fundraising, after deducting related issuance costs, will be invested in the following projects: - Chip Insertion Integration (CMI) component technology upgrade and expansion project - DPC intelligent production line technology upgrade and expansion project - Chip multilayer ceramic capacitor intelligent production line technology upgrade project - Supplementing working capital and repaying bank loans [1]