Core Viewpoint - The company plans to issue convertible bonds to unspecified investors, which is expected to dilute short-term returns and impact earnings per share in the near term [1][5][6] Financial Impact - The issuance of convertible bonds is projected to lead to a decrease in basic and diluted earnings per share due to the potential dilution effect [1][5] - The company estimates a net profit of 35.52 million yuan and a net profit attributable to the parent company of 28.43 million yuan for the year 2025, with a projected decrease of 10% in net profit growth for 2025 and 2026 [2][4] Measures to Mitigate Dilution - The company has outlined specific measures to mitigate the dilution of immediate returns, including enhancing core business profitability and actively promoting the construction of funded projects [10][11] - The company commits to strict management of the raised funds to ensure compliance and effective utilization [11] Necessity and Reasonableness of the Issuance - The funds raised will be invested in projects that align with the company's existing business and national industrial policies, aimed at enhancing core competitiveness and sustainable development [6][7] Company’s Resource Readiness - The company has a well-established team of 234 R&D personnel, with a significant portion holding advanced degrees, ensuring a solid foundation for project implementation [8][9] - The company has accumulated extensive technical expertise in precision optics, which supports the successful execution of the proposed projects [8][9] Commitment from Major Stakeholders - The controlling shareholders and management have made commitments to ensure the fulfillment of measures to compensate for the dilution of immediate returns, including adherence to corporate governance standards [13][14]