Core Viewpoint - The company is issuing convertible bonds to unspecified investors, which may dilute immediate returns for existing shareholders, and outlines measures to mitigate this impact [1][10]. Financial Impact of the Convertible Bond Issuance - The issuance will affect key financial metrics, with scenarios analyzed based on different profit growth rates for 2025 compared to 2024 [3][4]. - The total share capital will increase from 239,469,014 shares in December 2024 to 258,104,401 shares if all bonds are converted [3]. - Under three scenarios for net profit in 2025, the diluted earnings per share (EPS) will vary, with a potential decrease to 1.97 yuan/share if profits decline by 10% [4][5]. Necessity and Reasonableness of Fundraising - The funds raised will be used for projects aligned with the company's core business in power semiconductor chips, enhancing its market position and competitiveness [6][7]. - The company has a strong technical team and market presence, ensuring successful project implementation [8][9]. Measures to Mitigate Dilution of Immediate Returns - The company plans to strengthen fund management and project execution to ensure timely benefits from the raised capital [10]. - It will enhance operational management and internal controls to improve efficiency and profitability [10][11]. - A commitment to a robust profit distribution policy will be maintained to provide stable returns to shareholders [11]. Commitments from Major Stakeholders - The controlling shareholder and management have made commitments to not interfere with company operations and to protect shareholder interests [11][12]. - The board and senior management have pledged to avoid unfair benefit transfers and to ensure compliance with regulatory requirements [12].