Projects such as Boshen Tools Diamond Tools High-end Product Development Base are included in the agenda

Boshen Tools announced the non-public offering plan on the evening of October 27. The company plans to issue 25.32 million shares to Shijiazhuang Bozhi Investment Co., Ltd., Chen Zhe and Yan Fabin at a price of 9.83 yuan per share. It is estimated that the raised funds will be 249 million yuan, all of which will be used to repay bank loans and replenish liquidity.

The company pointed out that this issuance financing plays an important role in enriching the company's capital strength, strengthening R&D investment, improving business integration capabilities, and boosting the company's transformation and upgrading. In the R&D and investment planning disclosed by the company, new projects and new products such as high-end product research and development bases for diamond tools, pre-alloyed powder manufacturing technology research and development projects, and diamond tooling projects for metal processing have been included in the agenda. The application experiment, certification and industrialization work of high-speed railway brake pads, which have been widely concerned by the market, have also been mentioned.

The company's third quarterly report released on the same day showed that the company achieved operating income of 438 million yuan in the first three quarters, up 2.57% year-on-year; net profit attributable to shareholders of listed companies was 28.91 million yuan, down 18.66% year-on-year, and net profit after deducting 2668. Ten thousand yuan, an increase of 186.41%. At the same time, the company expects that the net profit attributable to shareholders of listed companies in 2014 will range from 25.816 million yuan to 33.8844 million yuan, an increase of 160%-210% over the previous year.