How does the non-public offering of French-Chinese shares affect the stock price?

Today, Fahua's share price (600325. SH) fell to 9.88 yuan, a decrease of 3.23%.

Yesterday, Fahua shares disclosed the plan for non-public offering of A shares in 2022. The total amount of funds raised by this non-public offering of shares does not exceed 6 million yuan. After deducting the issuance expenses, the net proceeds raised are intended to be used for the following real estate projects related to "protecting property and people's livelihood": Zhengzhou Fahua Fengjing Garden Project, Nanjing Yanziji G82 Project, Zhanjiang Fahua New City South (North) Garden Project, Shaoxing Financial Vitality City Project and supplementary liquidity.

The target of this non-public offering of shares is not more than 35 specific investors, including Fahua Group, who meet the requirements of China Securities Regulatory Commission, including legal persons, natural persons or other legal investors who meet the relevant requirements, such as securities investment fund management companies, securities companies, insurance institutional investors, trust and investment companies, finance companies and qualified foreign institutional investors. Where a securities investment fund management company subscribes with two or more funds under its management, it shall be regarded as one issue object. As an issuer, trust and investment companies can only subscribe with their own funds.

The total number of non-public offering shares does not exceed 635 million shares (including 635 million shares), and the total amount of funds to be raised does not exceed 6 million yuan, and the issuers are all subscribed in cash. Among them, the subscription amount of Fahua Group does not exceed 3 million yuan, and the subscription amount is not less than 28.49% of the actual number of this non-public offering.

If the number of shares directly or indirectly held by Fahua Group does not exceed 30% of the company's total share capital (after this issuance) after the completion of this issuance, Fahua Group will not transfer its subscribed shares for this issuance within 65,438+08 months from the date of the end of this issuance; If the number of shares directly or indirectly held by Fahua Group accounts for more than 30% of the company's total share capital (after this issuance) after the completion of this issuance, Fahua Group will not transfer its subscribed shares within 36 months from the date of the end of this issuance in accordance with the provisions of the Measures for the Administration of Takeovers of Listed Companies, so as to meet the requirements of avoiding tender offer. Shares subscribed by other issuers shall not be transferred within 6 months from the date of the end of this non-public offering.

The pricing benchmark date of this non-public offering is the first day of the issuance period. The issue price is not less than 80% of the average trading price of the company's shares in the 20 trading days before the pricing benchmark date (the average trading price of the company's shares in the 20 trading days before the pricing benchmark date = the total trading amount of the shares in the 20 trading days before the pricing benchmark date/the total trading amount of the shares in the 20 trading days before the pricing benchmark date), and it is not less than the audited net assets per share of the company belonging to the ordinary shareholders of the parent company at the end of the most recent period before the issue. Fahua Group does not participate in the market bidding process of this issuance pricing, but accepts the market bidding results and subscribes at the same price as other investors. If there is no subscription quotation or effective quotation for this non-public offering, Fahua Group will subscribe for this non-public offering at the reserve price of this offering.

Fahua Group is the controlling shareholder of the company. As of the signing date of this plan, it directly and indirectly holds 28.49% of the shares of the company. Fahua Group intends to participate in the subscription of this non-public offering of shares in cash, which constitutes a related party transaction.

As of the signing date of this plan, Fahua Group holds 28.49% of shares of Fahua directly and indirectly, and is the controlling shareholder of the company. The State-owned Assets Supervision and Administration Commission of Zhuhai Municipal People's Government holds Fahua Group as the actual controller of the company. Assuming that the number of this non-public offering is 635 million shares, the subscription amount of Fahua Group is no more than 3 million yuan, and the subscription amount is not less than 28.49% of the actual number of this non-public offering, and the remaining shares are subscribed by other investors. It is estimated that after the completion of this non-public offering, the shares of Fahua Group will directly and indirectly hold no less than 28.49% of the company's total share capital and remain the largest shareholder of the company. Therefore, this issuance will not lead to changes in the company's control rights.

Fahua Co., Ltd. said that this non-public offering of shares can increase the owner's equity, reduce the asset-liability ratio, improve the financial structure, reduce the debt risk, provide space and guarantee for subsequent debt financing, and lay a solid foundation for the healthy and stable development of the company. In addition, raising funds through this non-public offering of shares can increase the inflow of monetary funds, enhance the company's financial strength and expand the company's operating scale.

The Announcement on No Need to Prepare a Report on the Use of Previously Raised Funds disclosed by Fahua Co., Ltd. on the same day shows that the company has not raised funds through rights issue, additional issuance and convertible corporate bonds in the last five fiscal years. It has been more than five fiscal years since the last financing of the company. In view of the above situation, the company does not need to prepare a report on the use of the previous raised funds for this non-public offering of shares, nor does it need to hire an accounting firm to issue an evaluation report on the use of the previous raised funds.

Fahua Co., Ltd. 10 year1October 29th disclosed the third quarter report of 2022. In the first three quarters of this year, the company achieved an operating income of 32,807,994,797.40 yuan, a year-on-year increase of 65,438+04.44% (after adjustment, the same below); The net profit attributable to shareholders of listed companies was 2,450,52 1 1. 68 yuan, up by 2.87% year-on-year; The net profit attributable to shareholders of listed companies, after deducting non-recurring gains and losses, was RMB 2,3,9,9/kloc-0,3.79 yuan, up/kloc-0,9.37% year-on-year; The net cash flow from operating activities was 265,438+0,597,797,865,438+065,438+0.97 yuan, down 65,438+08.96% year-on-year.

In the third quarter of this year, the company achieved an operating income of 7,803 yuan105,835.42 yuan, a year-on-year decrease of1.18%; The net profit attributable to shareholders of listed companies was 265,492,476.66 yuan, a year-on-year decrease of 27.42%; The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 252,988,653.37 yuan, down 36. 12% year-on-year.