Fundraising Plan - The company plans to issue convertible bonds to raise up to RMB 545 million, with the net proceeds allocated to specific projects after deducting issuance costs [1][2] - If the raised funds are insufficient for project needs, the company will use self-raised funds and replace them once the proceeds are available [2] Investment Projects - The primary project involves the construction of a facility in Xiamen to produce 35,000 tons of high-performance copper and copper alloy materials, with a total investment of RMB 485.77 million, of which RMB 388 million will come from the raised funds [2][3] - The project aims to alleviate production capacity bottlenecks and enhance order acceptance capabilities, addressing the growing demand for copper products in the local market [3][4] Market Demand and Strategic Positioning - The demand for high-quality copper products is driven by the growth of the power distribution and renewable energy sectors in Xiamen, where local supply currently relies on distant suppliers [4] - The company aims to establish a local factory to reduce logistics costs and improve response times to customer needs, thereby integrating better into the local supply chain [4] Industry Growth Opportunities - The global data center market is projected to grow from USD 187.14 billion in 2024 to USD 546.99 billion by 2031, with a CAGR of 16.8% from 2025 to 2031, indicating a significant opportunity for copper products [5] - The new energy vehicle industry in China is expected to see production increase from 1.366 million units in 2020 to 12.888 million units in 2024, with a CAGR of approximately 75.26%, further driving demand for copper materials [6] Company Strengths - The company has a strong technical foundation and management experience, recognized as a provincial engineering research center, which supports its project implementation [7] - Established relationships with major international and domestic clients enhance the company's market position and brand influence [7][8] Financial Implications - The issuance of convertible bonds will improve the company's financial structure, reduce financial costs, and enhance liquidity, supporting sustainable growth [10][11] - The project is expected to generate continuous cash flow and improve profitability, benefiting both the company and its investors [11][12]