HSSM(SZ:002290)2022-12-06 09:06Group 1: Company Operations and Financials - The company has received approval from the China Securities Regulatory Commission for its non-public stock issuance application on February 2, 2016, and is currently awaiting the final approval document [1] - Among the five subsidiaries established by the company, only Shenzhen Hesheng Commercial Factoring Co., Ltd. has commenced operations, while the others are in the preparatory stage [2] - The traditional home appliance manufacturing business will continue post non-public issuance, with the new fundraising project focusing on upgrading existing PCM products [2] Group 2: Market Conditions and Impact - The digital printing PCM industry is expected to partially replace traditional PCM products due to its rich color and pattern capabilities, catering to diverse customer customization needs [2] - The company maintains a certain level of raw material reserves, and sales prices will be adjusted in response to significant fluctuations in raw material prices, minimizing profit volatility [3] Group 3: Agreements and Future Commitments - The company signed a share transfer agreement with Tengzhan regarding Xiamen Jinyingma Film and Television Culture Co., Ltd., with 50% of the transfer price due by May 1, 2017, and the remainder by May 1, 2018 [3]