Stock Code: 300432 Stock Abbreviation: Fulin Precision
Fulin Precision Co., Ltd.
FULIN PRECISION CO., LTD. (No. 37, Fenghuang Middle Road, High-end Manufacturing Industrial Park, Mianyang City, Sichuan Province)
Feasibility Analysis Report on the Plan for Issuance of Shares to Specific Targets
(Revised Draft)
July 2026
Fulin Precision Co., Ltd. (hereinafter referred to as "Fulin Precision" or the "Company") is a company listed on the ChiNext market of the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE"). To meet the capital requirements for the Company's business development and to 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 Securities Issuance by Listed Companies (hereinafter referred to as the "Administrative Measures for Registration") and other relevant laws, regulations, and normative documents, the Company intends to issue shares to specific targets. The total amount of funds raised shall not exceed 3,054.4187 million RMB (inclusive) and shall not be less than 2,000.00 million RMB (inclusive). After deducting issuance expenses, the funds will be used for the annual production of 500,000 tons of high-end energy storage lithium iron phosphate project, new energy vehicle drive system key components project, robot integrated electric joint project, intelligent chassis wire-controlled system key components project, and low-altitude aircraft power system key components project.
Unless otherwise specified in this report, relevant terms have the same meanings as defined in the "Fulin Precision Co., Ltd. Plan for Issuance of Shares to Specific Targets (Revised Draft)".
I. Background and Purpose of this Issuance
(I) Background of this Issuance
As a leading enterprise in the domestic automotive precision components segment, the Company's main business is upgrading from traditional precision machining to intelligent electronic control and electromechanical integration. Its main products are shifting from automotive engine components to applications in new energy vehicle intelligent thermal management systems and components, new energy vehicle drive systems and components, and hybrid system components. At the same time, the Company will continue to enhance its technical R&D and product innovation capabilities in the field of robot electric joints, actively deploy dedicated production capacity for intelligent joints for humanoid robot key components, and promote the R&D and manufacturing level of the Company's humanoid robot key components. It is also entering the field of humanoid robot applications and services to meet customer and market demand, accelerating the formation of core capabilities and sustainable development capabilities with industrialization and scale for intelligent robots. In addition, based on the market demand and changes in the lithium iron phosphate industry, the Company is accelerating the increase in production and sales of high-compaction density lithium iron phosphate and the construction of upstream ferrous oxalate and lithium dihydrogen phosphate projects. The smooth implementation of new capacity and upstream main material projects will help the Company reduce costs, further increase market share, and enhance its comprehensive industrial competitive advantage and influence.