Core Viewpoint - The company plans to issue convertible bonds to raise up to 800 million yuan for various projects, including high-performance blue-green pigments, high-performance yellow-red pigments, and a research and development center, along with supplementing working capital [3][4][5]. Group 1: Project Details - The blue-green pigment project includes the functional upgrade and capacity expansion of existing phthalocyanine pigments, with expected first-year sales revenue of 206.55 million yuan and net profit of 19.76 million yuan [3]. - The yellow-red pigment project aims to produce 4,000 tons of high-performance organic yellow-red pigments, with anticipated first-year sales revenue of 432.52 million yuan and net profit of 52.38 million yuan [3]. - The R&D center project will support the company's research needs, enhancing its innovation capabilities [3]. Group 2: Financial Projections - The company expects the blue-green pigment project to generate sales revenue of 206.55 million yuan and net profit of 19.76 million yuan in its first year of operation [3]. - The yellow-red pigment project is projected to achieve sales revenue of 432.52 million yuan and net profit of 52.38 million yuan upon reaching full production [3]. - The total expected revenue from the projects is estimated at 800 million yuan, with a focus on enhancing product offerings and market competitiveness [3][4]. Group 3: Market Position and Competition - The company holds a leading position in the domestic market for phthalocyanine pigments, with a market share exceeding 30% from 2021 to 2023 [8]. - The company is also the top player in the inorganic yellow-red pigment market, with a market share of 31.67% in 2024 [8]. - The competitive landscape includes companies like Shilanhua, which has a production capacity of 10,000 tons for phthalocyanine blue, indicating a strong competitive environment [9][10]. Group 4: Funding Necessity - The company has identified a funding gap of 897.73 million yuan over the next three years, necessitating the issuance of convertible bonds to support its growth and project funding [26][27]. - The total amount to be raised through the bond issuance aligns with the projected funding needs, ensuring that the financing is reasonable and necessary for the company's development [26][27].

双乐股份: 双乐颜料股份有限公司关于公司向不特 定对象发行可转换公司债券摊薄即期回报、采取填 补措施及相关主体承诺的公告 证券代码：301036 证券简称：双乐股份 公告编号：2025-008 双乐颜料股份有限公司关于公司 向不特定对象发行可转换公司债券 《国 务院关于进一步促进资本市场健康发展的若干意见》（国发201417 号）和《关 于首发及再融资、重大资产重组摊薄即期回报有关事项的指导意见》（证监会公 告201531 号）等规定，为保障中小投资者利益，公司就本次向不特定对象发行 可转换公司债券摊薄即期回报对主要财务指标的影响进行了认真分析，并提出了 具体的填补回报措施，相关主体对公司填补回报措施能够得到切实履行作出了承 诺，具体内容如下： 一、本次发行可转换公司债券摊薄即期回报对公司主要财务指 标的影响 （一）财务指标计算主要假设和前提条件 债券，且分别假设 2025 年 12 月 31 日全部未转股（即转股率为 0）和 2025 年 11 月 30 日全部转股（即转股率 100%且转股时一次性全部转股）两种情形。该完成 时间仅用于计算本次发行对即期回报的影响，最终以经中国证监会注册的发行数 量和本次发 ...