Core Viewpoint - The company Sains (688480.SH) has announced a plan to issue convertible bonds to raise a total of up to 565 million yuan, which will be used for various projects and to supplement working capital [1][2]. Group 1: Convertible Bond Issuance - The total amount to be raised from the issuance of convertible bonds is capped at 565 million yuan, which includes the principal amount [1]. - The net proceeds after deducting issuance costs will be allocated to three main projects: the expansion of the flotation reagent project, the construction of a high-efficiency flotation reagent project with an annual production capacity of 100,000 tons, and to supplement working capital [1][2]. - The bonds will be issued at par value, with a face value of 100 yuan each, and the total number of bonds to be issued will not exceed 5,650,000 [2][3]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 677 million yuan, representing a year-on-year increase of 15.81% [3]. - The net profit attributable to shareholders decreased by 48.32% to 74 million yuan, while the net profit excluding non-recurring gains and losses fell by 10.78% to 72 million yuan [3]. - The net cash flow from operating activities was reported at 37 million yuan [3]. Group 3: Previous Fundraising and Stock Performance - The company was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on November 25, 2022, raising a total of 454.69 million yuan, with a net amount of 399.24 million yuan after costs [4]. - The stock price reached a new high of 64.99 yuan on October 14, 2025, marking the highest price since its listing [5].

Core Viewpoint - Company Sains (688480.SH) plans to issue convertible bonds to raise up to 565 million yuan, with funds allocated to three main projects, including expansion of reagent production and working capital supplementation [1] Fundraising and Project Allocation - The company intends to raise a total of 565 million yuan, with 160 million yuan allocated for the expansion of reagent production, 325 million yuan for a project to produce 100,000 tons of efficient flotation reagents annually, and 80 million yuan for working capital [1] Previous Fund Utilization - The previous fundraising for the construction of an environmental equipment production base did not meet expectations, with cumulative benefits of 15.79 million yuan by September 30, 2025, falling short of promised benefits due to market changes and seasonal factors [1] Financial Performance - For the first three quarters of 2025, the company reported revenue of 677 million yuan, a year-on-year increase of 15.81%, while net profit attributable to shareholders decreased by 48.32% to 74 million yuan [1] - As of September 30, 2025, the company had total assets of 1.94 billion yuan, a debt-to-asset ratio of 41.57%, and a current ratio of 1.71 [1]

Group 1 - The company, Sains (688480.SH), announced plans to issue convertible bonds to raise no more than 565 million yuan [1] - The funds will be used for the expansion of the selection and flotation reagent project (Phase I) and the construction of a 100,000 tons per year high-efficiency flotation reagent production project [1] - Additionally, the raised capital will be allocated to supplement working capital [1]

Core Viewpoint - Company Sains (688480.SH) plans to issue convertible bonds to raise no more than 565 million yuan for the expansion of its flotation reagent project and to supplement working capital [1] Group 1 - The company intends to use the funds for the first phase of the flotation reagent expansion project [1] - The company aims to construct a project with an annual production capacity of 100,000 tons of high-efficiency flotation reagents [1] - The total amount to be raised through the issuance of convertible bonds is capped at 565 million yuan [1]

Group 1 - The core announcement is that Sains (688480) plans to invest up to 300 million yuan in the expansion of its copper extraction agent production project through its wholly-owned subsidiary, Fujian Longli Chemical [1] Group 2 - The investment is specifically aimed at expanding the production capacity of copper extraction agents and other beneficiation reagents [1]