Haers to raise capital for smart manufacturing expansion

Haers plans to raise up to 754.90 million yuan through a private placement of A-shares, with proceeds primarily allocated to the "Haers Future Smart Creation" construction project. This initiative aims to relocate existing production capacity and establish new automated, intelligent production lines, targeting an increase of 23 million insulated cups to an annual capacity of 46 million units. The project, with a total investment of 862.32 million yuan, is expected to generate an annual net profit of 171.85 million yuan upon full operation.

The company's board of directors, management, and major shareholders have committed to measures to mitigate the impact of the private placement on immediate returns, including strengthening corporate governance and internal controls, optimizing project management, and enhancing profit distribution policies. This move aligns with national industrial policies supporting the insulated cup industry's development.