Core Viewpoint - Kewan Technology has decided to terminate its plan to issue convertible bonds to unspecified investors, originally intended to raise up to 500 million yuan for a new lithium battery composite materials project [1][3]. Group 1: Termination of Bond Issuance - The company has actively communicated with intermediaries since applying for the bond issuance and, after careful consideration of its development plans and actual circumstances, has decided to withdraw the application [3]. - The termination of the bond issuance will not significantly impact the company's operations and will not harm the interests of the company or its shareholders, particularly minority shareholders [3]. Group 2: Project Details - The proposed bond issuance aimed to raise a total of 500 million yuan, with the net proceeds intended for the first phase of the lithium battery composite materials project [3][4]. - Upon full production, the project is expected to achieve an annual production capacity of 95 million square meters of composite aluminum foil, with a construction period of four years and full production expected in the fifth year [3]. Group 3: Financial Performance - The company's recent financial performance has shown significant pressure, with revenues of 905.29 million yuan, 723.27 million yuan, and 782.65 million yuan from 2022 to 2024, and 419.54 million yuan in the first half of 2025, indicating a downward trend [4]. - Corresponding net profits for the same periods were 158.48 million yuan, 95.33 million yuan, and 66.41 million yuan, with 25.21 million yuan in the first half of 2025, reflecting a weakening profitability [4].

南方财经10月17日电，可川科技(603052.SH)于10月17日宣布终止向不特定对象发行可转换公司债券的 计划。该公司原计划发行规模不超过5亿元的可转债，所募资金拟用于锂电池新型复合材料项目。此次 终止决策是公司在综合考虑自身发展规划与实际情况等多方面因素，并与相关各方进行充分沟通及审慎 分析后作出的。 此项可转债发行计划自2025年2月正式启动，已获得上海证券交易所的受理并经历多轮审核问询。然 而，公司最终选择终止推进，旨在进一步优化资金配置与项目布局。财务数据显示，公司近期业绩承压 明显：2022年至2024年，营业收入分别为90,528.77万元、72,327.23万元和78,264.52万元，2025年1-6月 为41,953.72万元，整体呈现波动下行趋势；同期归母净利润分别为15,848.27万元、9,533.08万元和 6,640.93万元，2025年上半年为2,521.06万元，盈利能力有所减弱。在毛利率方面，报告期内综合毛利率 由27.25%下降至17.67%，主要系行业竞争加剧及原材料价格波动影响所致。此外，公司资产负债率维 持在27%–33%的区间内，经营活动产生的现金流量净额波动较 ...

Core Points - 可川科技 has announced the termination of its plan to issue convertible bonds to unspecified objects and has withdrawn the application documents [1] - The decision was made after careful consideration of the company's development plans and actual circumstances, following thorough communication with relevant parties [1] - The termination of the bond issuance will not have a significant adverse impact on the company's operations and will not harm the interests of the company and its shareholders, especially minority shareholders [1] Summary by Sections - **Bond Issuance Details** - The company initially planned to raise up to 500 million yuan through the issuance of convertible bonds, with net proceeds intended for a lithium battery new composite materials project [2] - The total investment for the lithium battery new composite materials project (Phase I) is 748.38 million yuan, with 500 million yuan expected to be raised from the bond issuance [3] - **Previous Financial Activities** - 可川科技 was listed on the Shanghai Stock Exchange on October 11, 2022, with an initial public offering of 17.2 million shares at a price of 34.68 yuan per share [3] - The total amount raised during the IPO was 596.496 million yuan, with a net amount of 527.96 million yuan allocated for various projects including functional components production base construction and R&D center projects [3] - The company has a history of stock bonus issues and cash dividends, including a 4-for-10 stock bonus and a pre-tax dividend of 2.5 yuan on June 17, 2025 [4]