Core Viewpoint - The company plans to issue convertible bonds to unspecified investors, which may dilute immediate returns, and has proposed measures to mitigate this impact while ensuring the commitment of relevant parties to these measures [1][2][5]. Financial Impact of the Convertible Bond Issuance - The issuance of convertible bonds is analyzed under two scenarios: 100% conversion and 0% conversion by December 31, 2026 [2]. - The projected net profit attributable to the parent company for 2025 is estimated at 691.16 million yuan, with potential growth scenarios of 0%, 10%, and 20% for subsequent years [2][3]. - Key financial metrics such as total shares, net assets, and earnings per share are projected to be affected by the bond issuance, with diluted earnings per share expected to decrease under certain conditions [3][4]. Necessity and Reasonableness of the Bond Issuance - The funds raised will primarily support projects aligned with the company's core business and national policies, particularly in distributed photovoltaic power generation [5][6]. - The company has a strong foundation in personnel, technology, and market resources to ensure the successful implementation of the investment projects [6][7]. Measures to Mitigate Dilution of Immediate Returns - The company will enhance the management of raised funds and expedite project implementation to minimize the dilution of immediate returns [11]. - Improvements in operational management and internal controls are planned to increase efficiency and reduce costs [12]. - The company will continue to invest in research and development to strengthen its core competitiveness [12]. Commitment from Major Stakeholders - The controlling shareholders and management have committed to ensuring the fulfillment of the proposed measures to mitigate the dilution of immediate returns [13][14].