Core Viewpoint - JiuLian Technology (688609.SH) plans to raise up to 181.77 million yuan through a simplified procedure for a private placement of shares, with the funds allocated for the development of Harmony ecosystem smart terminals and communication modules, as well as for replenishing working capital and repaying bank loans [1][2]. Summary by Relevant Sections Fundraising Details - The total amount to be raised is capped at 181.77 million yuan, with net proceeds after issuance costs intended for specific projects [1][2]. - The projects include: - Harmony ecosystem smart terminal and communication module R&D and industrialization project with a total investment of 150.57 million yuan, using 127.24 million yuan from the raised funds - Replenishing working capital and repaying bank loans with a total investment of 54.53 million yuan, using the full amount of 54.53 million yuan from the raised funds [2]. Issuance Methodology - The shares will be issued as domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan per share, and the issuance will be completed within ten working days after the China Securities Regulatory Commission's registration decision [2][3]. - The pricing benchmark for the issuance is set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [3]. Shareholder Structure and Control - The issuance will not exceed 30% of the company's total share capital before the issuance, and the dilution effect on existing shareholders is limited, ensuring no change in control of the company [4]. - The major shareholders, Zhan Qijun and Lin Rong, hold a combined 20.50% of the total share capital, maintaining significant control [3][4]. Financial Performance - JiuLian Technology has reported losses for two and a half years, with a revenue of 2.508 billion yuan in 2024, a year-on-year increase of 15.54%, but a net loss of 142 million yuan [4][5]. - In the first half of 2025, the company experienced a revenue decline of 17.60%, with a net loss of 123 million yuan [5].

Core Viewpoint - Jiulian Technology (688609.SH) plans to raise up to 181.77 million yuan through a simplified procedure for a private placement of shares, with the funds allocated for the development of Harmony ecosystem smart terminals and communication modules, as well as for replenishing working capital and repaying bank loans [1][2]. Fundraising Details - The total investment for the Harmony ecosystem smart terminal and communication module project is 150.57 million yuan, with 127.24 million yuan expected to be funded from the raised capital [2]. - The remaining 54.53 million yuan will be used for replenishing working capital and repaying bank loans [2]. - The total amount of funds raised will not exceed 181.77 million yuan, and the total investment for all projects is 205.10 million yuan [2]. Share Issuance Information - The shares will be issued as domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan each [2]. - The issuance will be completed within ten working days after the China Securities Regulatory Commission (CSRC) registers the decision [2]. - The pricing benchmark for the issuance is set at 80% of the average trading price over the last 20 trading days prior to the issuance date [3]. Shareholder Structure and Control - The issuance will not exceed 30% of the company's total share capital before the issuance, and the dilution effect on existing shareholders will be limited [4]. - The company has been operating at a loss for two and a half years, with a net profit attributable to shareholders of -142 million yuan in 2024, an improvement from -199 million yuan in the previous year [4]. - The major shareholders, Zhan Qijun and Lin Rong, hold a combined 20.50% of the company's total shares, ensuring that control remains unchanged post-issuance [3][4]. Historical Context - Jiulian Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 23, 2021, with an initial issuance of 100 million shares at a price of 3.99 yuan per share [5]. - The company raised a total of 399 million yuan during its IPO, with net proceeds of 345 million yuan allocated for various projects including the expansion of home network communication terminal equipment [5].

Core Viewpoint - Jiulian Technology (688609) plans to raise up to 182 million yuan through a simplified procedure for a private placement of shares, primarily for the development and industrialization of HarmonyOS ecological smart terminals and communication modules, as well as to supplement working capital [1] Group 1: Fundraising Details - The company intends to issue shares to no more than 35 specific investors [1] - The total amount raised will not exceed 182 million yuan [1] - The pricing benchmark for the issuance will be the average trading price of the stock over the 20 trading days prior to the issuance date, with the issuance price set at no less than 80% of this average [1] Group 2: Use of Proceeds - The funds raised will be used to deepen the company's technological accumulation in the HarmonyOS ecological field [1] - The project aims to expand the industrialization scale of smart terminals and communication modules [1] - The company also aims to optimize its capital structure through this fundraising [1]

Group 1 - The core point of the article is that Jiulian Technology (688609.SH) announced a plan to issue shares to specific targets through a simplified procedure for the fiscal year 2025, aiming to raise a total of no more than 182 million yuan (including the principal) [1] - The total amount to be raised will not exceed 300 million yuan and will be capped at 20% of the company's net assets as of the end of the most recent fiscal year [1] - The net proceeds from the fundraising, after deducting related issuance costs, are intended to be invested in the following projects: research and industrialization of HarmonyOS ecological smart terminals and communication modules, replenishing working capital, and repaying bank loans [1]

Core Viewpoint - Jiulian Technology (688609.SH) plans to issue shares to specific investors, aiming to raise a total of no more than 182 million yuan, which will be used for the development and industrialization of HarmonyOS ecological smart terminals and communication modules, as well as to supplement working capital and repay bank loans [1] Group 1 - The company intends to raise funds not exceeding 182 million yuan [1] - The net proceeds will be invested in the development of HarmonyOS ecological smart terminals and communication modules [1] - Additional funds will be used to supplement working capital and repay bank loans [1]

Group 1 - The company, Jiulian Technology (688609.SH), announced a plan to issue shares to specific investors, aiming to raise a total of no more than 182 million yuan, including the principal amount [1] - The net proceeds from the fundraising are intended for investment in the development and industrialization of HarmonyOS ecological smart terminals and communication modules, as well as to supplement working capital and repay bank loans [1]

Core Points - Jiulian Technology (SH 688609) announced a stock issuance plan authorized by the 2024 annual shareholders' meeting, aiming to raise up to approximately 182 million yuan for specific projects [1][1][1] Group 1: Stock Issuance Details - The stock issuance will target no more than 35 specific investors, with the issuance price set at no less than 80% of the average stock price over the 20 trading days prior to the pricing benchmark [1][1][1] - The funds raised will be allocated to two main projects: 127 million yuan for the development and industrialization of HarmonyOS ecological smart terminals and communication modules, and 54.53 million yuan for supplementing working capital and repaying bank loans [1][1][1] Group 2: Financial Performance - For the year 2024, Jiulian Technology's revenue composition indicates that 97.75% comes from the manufacturing of computers, communications, and other electronic smart devices, while other businesses account for 2.25% [1][1][1] - As of the report date, Jiulian Technology has a market capitalization of 5 billion yuan [1][1][1]