Securities Code: 002703
Securities Abbreviation: Zhejiang Shibao
Announcement Code: 2026-037
Zhejiang Shibao Co., Ltd.
Announcement on Risk Warning of Diluted Earnings Per Share from Issuance of A Shares to Specific Objects and Commitments of Relevant Parties
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the announcement and are not aware of any false representations, misleading statements, or material omissions.
Zhejiang Shibao Co., Ltd. (hereinafter referred to as the "Company" or "Zhejiang Shibao") plans to issue A shares to specific objects (hereinafter referred to as the "Current Issuance"). In accordance with the "Opinions of the General Office of the State Council on Further Strengthening the Protection of the Legal Rights and Interests of Small and Medium Investors in the Capital Market" (Guo Ban Fa [2013] No. 110), the "Several Opinions of the State Council on Further Promoting the Healthy Development of the Capital Market" (Guo Fa [2014] No. 17), and the "Guiding Opinions on Matters Concerning the Dilution of Immediate Returns from Issuance, Refinancing, and Major Asset Restructuring of Listed Companies" (Zheng Jian Hui Gong Gao [2015] No. 31) and other laws, regulations, and normative documents, in order to protect the right to information and the interests of small and medium investors, the Company has conducted a thorough analysis of the impact of the Current Issuance to specific objects on its immediate returns and has proposed a plan for measures to fill the gap in returns. Relevant parties have made commitments to ensure the effective implementation of these measures, the details of which are as follows:
I. Impact of the Current Issuance of Shares to Specific Objects on the Company's Main Financial Indicators
(I) Assumptions
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It is assumed that the Current Issuance will be completed on December 31, 2026 (the completion time of the issuance is for calculation purposes only and shall be subject to the actual completion time).
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It is assumed that the number of shares issued will be the upper limit, which is 246,789,715 shares (calculated based on the Company's total share capital of 822,632,384 shares as of the date of the pre-plan, representing 30%). This issuance quantity is an estimate only and shall be subject to the number of shares registered and actually issued by the China Securities Regulatory Commission.
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Based on the Company's total share capital of 822,632,384 shares as of the date of the pre-plan, without considering the impact of factors other than the number of shares issued on the total share capital.
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It is assumed that there will be no significant adverse changes in the macroeconomic environment, industry development, industrial policies, product market conditions, and the Company's operating environment.
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The impact of the use of raised funds from the Current Issuance on the Company's production and operation, financial status (such as financial expenses, investment income), etc., is not considered.
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The Company's net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for 2025, as audited, is RMB 15,455.35 million. It is assumed that the net profit attributable to the parent company and the net profit attributable to the parent company after deducting non-recurring gains and losses for 2026 will be calculated under three scenarios: flat, an increase of 10%, and a decrease of 10% compared to 2025.
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Basic earnings per share and diluted earnings per share are calculated in accordance with the "Calculation and Disclosure of Return on Net Assets and Earnings Per Share" (Revised in 2010) issued by the China Securities Regulatory Commission.
These assumptions are only for calculating the impact of the dilution of immediate returns from the Current Issuance to specific objects on the Company's main financial indicators and do not represent the Company's judgment on future operating conditions and trends, nor do they constitute a profit forecast for the Company. Investors should not make investment decisions based on these assumptions. The Company shall not bear any compensation liability for losses incurred by investors making investment decisions based on these assumptions.