After market close on September 18, Aihua Group disclosed its 2026 plan to issue A-shares to specific investors, aiming to raise no more than 1.88 billion yuan for an integrated high-end capacitor capacity expansion project and to supplement working capital. This marks the company's first refinancing in eight years. The previous fundraising was through publicly issued convertible corporate bonds in 2018, with net proceeds of about 677 million yuan, all of which have been fully used. The number of subscribers will not exceed 35, and the number of shares to be issued will not exceed 30 percent of the company's total share capital before the issuance, namely 119,633,958 shares. The integrated high-end capacitor capacity expansion project has a total investment of about 1.507 billion yuan and a construction period of 24 months, located in the Electronic Information Industrial Park in Heshan District, Yiyang City, Hunan Province. In the first half of 2026, the company achieved operating revenue of 2.27 billion yuan, up 15.35 percent year on year, and net profit attributable to the parent company of 170 million yuan, up 17.21 percent year on year. Revenue from industrial control and new energy products has risen to 54 percent of the total. The issuance still needs to be approved by the company's shareholders' meeting, reviewed and approved by the Shanghai Stock Exchange, and registered with the China Securities Regulatory Commission before implementation.
Hunan Aihua Group Co LtdPlans 1.88 billion yuan private placement to fund high-end capacitor capacity expansion and working capital, its first refinancing in eight years.
