FULIN. PM(300432) 中国经济网·2024-11-20 02:44Core Viewpoint - The company, Fulin Precision, plans to issue convertible bonds to raise up to 1.25 billion yuan for various projects, including electric drive systems for new energy vehicles and smart factory construction [1][3]. Group 1: Convertible Bond Issuance - The total amount to be raised from the issuance of convertible bonds is capped at 125,163,000 yuan, which will be used for projects related to new energy vehicles and smart manufacturing [1]. - The bonds will be convertible into the company's A-shares and will be listed on the Shenzhen Stock Exchange's Growth Enterprise Market [1]. - The bonds will have a face value of 100 yuan each and a term of six years from the date of issuance [1]. Group 2: Terms and Conditions - The interest rate for the bonds will be determined by the company's board of directors in consultation with the underwriters, based on market conditions [1][2]. - The conversion period for the bonds will start six months after issuance and last until maturity [2]. - Existing shareholders will have priority in the subscription of the bonds, with specific ratios to be determined by the board [2]. Group 3: Financial Performance - In 2023, the company reported a revenue of 5.761 billion yuan, a year-on-year decrease of 21.58%, and a net loss of 543 million yuan [3]. - For the first three quarters of 2024, the company achieved a revenue of 5.883 billion yuan, a year-on-year increase of 40.80%, and a net profit of 311 million yuan, up 177.26% [3]. - The net cash flow from operating activities for 2023 was 305 million yuan, compared to a negative cash flow of 186 million yuan in 2022 [3].