HICONICS
2026 Annual Proposal for Issuance of A Shares to Specific Targets (Revised Draft)
Securities Code: 300048
Securities Abbreviation: Hiconics
Beijing Hiconics Eco-energy Technology Co., Ltd.
(Registered Address: 1st Floor, Building 2, No. 3, Boxing 2nd Road, Beijing Economic-Technological Development Area, Beijing)
2026 Annual Proposal for Issuance of A Shares to Specific Targets
(Revised Draft)
August 2026
Beijing Hiconics Eco-energy Technology Co., Ltd. (hereinafter referred to as "Hiconics" or "the Company") is listed on the ChiNext market of the Shenzhen Stock Exchange. To meet the Company's capital needs for business development, expand its operating scale, and further enhance its capital strength and profitability, in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as the "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as the "Securities Law"), and the "Administrative Measures for the Registration of Issuance of Securities by Listed Companies" (hereinafter referred to as the "Registration Measures") and other relevant laws, regulations, and normative documents, the Company intends to raise funds through the issuance of shares to specific targets (hereinafter referred to as the "Current Issuance"). This report is a justification and analysis report for the Company's proposal for the issuance of shares to specific targets.
Unless otherwise specified, the terms used in this report have the same meaning as defined in the "Beijing Hiconics Eco-energy Technology Co., Ltd. 2026 Proposal for Issuance of A Shares to Specific Targets (Draft)".
I. Background and Objectives of the Current Issuance to Specific Targets
(I) Background of the Current Issuance to Specific Targets
- Deepening of the "Dual Carbon" Strategy Drives Golden Development Period for Electrical Equipment and New Energy Industries
Under the guidance of global energy transition and China's "carbon peak and carbon neutrality" goals, the low-carbon transformation of the energy structure and the electrification of industrial production are accelerating. Data from the National Energy Administration shows that China's total social electricity consumption is expected to reach 10.37 trillion kilowatt-hours in 2025, a year-on-year increase of 5.0%, historically exceeding the 10 trillion kilowatt-hour mark. The sustained growth in electricity demand lays a solid market foundation for industrial automation electrical equipment represented by frequency converters.
While electricity demand continues to grow, the new energy industry is maintaining rapid development. The new energy industry shoulders the three major missions of China's clean energy transition, national energy security assurance, and economic stabilization and growth. By the end of 2025, the cumulative installed capacity of photovoltaic power generation nationwide is expected to reach 1.2 billion kilowatts, a year-on-year increase of 35%. In 2025, new installed photovoltaic capacity is expected to reach 317 million kilowatts, a year-on-year increase of 14%, of which distributed photovoltaic capacity accounts for 153 million kilowatts. In October 2025, the "Proposals of the Central Committee of the Communist Party of China for Formulating the National Economic and Social Development 15th Five-Year Plan" further emphasized the promotion of energy revolution and the acceleration of planning and construction of a new energy system, providing policy support for the sustained growth of demand for new energy-related power equipment.
- Industrial Automation and Intelligent Manufacturing Upgrade, Accelerating Domestic Substitution of High-End Frequency Converters