Kuka Home plans major A-share issuance to fund key growth projects

Kuka Home Co., Ltd. (SSE:603816) plans to issue 104,281,493 A-shares to specific investors in 2025, sponsored by GF Securities Co., Ltd. The offering will not exceed 30% of the company's pre-issuance total share capital, with an issue price of CNY 19.15 per share. Shareholders approved the plan on May 23, 2025.

The total proceeds from the issuance, including expenses, will not exceed CNY 199,699.06 million. The funds are earmarked for six key projects: intelligent transformation of home product production lines (CNY 19,992.00 million), expansion of functional iron frame production lines (CNY 15,009.35 million), smart home product R&D (CNY 15,158.00 million), AI and retail digital transformation (CNY 39,449.71 million), brand building and digital enhancement (CNY 10,090.00 million), and supplementary working capital (CNY 100,000.00 million).

As of June 30, 2025, Kuka Home reported total assets of CNY 1,831,032.93 million, with net profit attributable to parent company shareholders at CNY 102,055.87 million for the first half of 2025. Ningbo Yingfeng Ruihe Investment Management Co., Ltd., holds 29.42% of shares.