Haers vacuum containers gets CSRC nod for A-share issuance

Zhejiang Haers Vacuum Containers Co. has received registration approval from the China Securities Regulatory Commission (CSRC) for its non-public issuance of A-shares to specific investors. This follows approval from the Shenzhen Stock Exchange. The issuance, detailed in the 2023 prospectus, seeks to raise up to 754.90m yuan for its "Haers Future Smart Manufacturing" Phase I project, focusing on upgrading production capacity and smart manufacturing.

The company plans to invest 86,232.30m yuan in the project, which aims to increase annual insulated cup production capacity to 46 million units, including 23 million new units. The project is expected to significantly improve production efficiency, reduce costs, and enhance the company's core competitiveness. The prospectus also updates financial data up to September 30, 2025.

Despite a decrease in net profit for the first nine months of 2025 due to initial operational costs at its Thailand base and increased period expenses, the company projects a recovery as new capacities mature. This strategic investment is aligned with national industrial policies and is not expected to materially impact the company’s continued operating capability or financial health.