Stetway plans to raise no more than 3.2 billion yuan through additional issuance; in 4 years since listing, it has raised 1.26 billion yuan and distributed dividends of 176 million yuan.

China Economic Net, Beijing, March 30— on the evening of the 27th, SmartSens (688213.SH) disclosed the 2026 annual plan for a private placement of A-shares to specific targets. The number of发行对象 for this private placement will not exceed 35 (inclusive). The发行对象 include specific investors that meet the conditions stipulated by the China Securities Regulatory Commission, including证券投资基金管理 companies, securities companies, trust companies, finance companies, insurance institution investors, qualified foreign institutional investors, and other legal entities, natural persons, or other qualified investors that meet the conditions stipulated by the China Securities Regulatory Commission. Among them,证券投资基金管理 companies, securities companies, qualified foreign institutional investors, and RMB qualified foreign institutional investors that subscribe with two or more products managed by them are deemed to be one发行对象; a trust company that is a发行对象 may only subscribe with its own funds. The final发行对象 will be determined after the shareholders’ meeting authorizes the board of directors to complete this issuance application following the approval of the Shanghai Stock Exchange’s review and obtain the China Securities Regulatory Commission’s consent to the registration, and then, in accordance with relevant rules of the China Securities Regulatory Commission and the Shanghai Stock Exchange, based on the bidding results, through negotiation with the sponsor (sole lead underwriter). If national laws and regulations provide new requirements for the发行对象 of private placements to specific targets, the company will adjust accordingly in line with the new requirements. All of the发行对象 for this issuance will subscribe for the shares to be issued in cash.

The pricing benchmark date for the shares issued in this private placement will be the first day of the发行 period. The issue price will not be lower than 80% of the company’s average share trading price over the 20 trading days prior to the pricing benchmark date.

The type of shares to be issued in this private placement will be Renminbi ordinary shares listed in Mainland China (A shares), with a par value of RMB 1.00 per share. The shares issued to specific targets will be applied to be listed and traded on the Sci-Tech Innovation Board of the Shanghai Stock Exchange. The number of shares to be issued in this private placement will be finally determined by dividing the total amount of proceeds raised by the final issue price, and will not exceed 10% of the company’s total share capital before this issuance, i.e., not more than 40,230,677 shares (including the number).

The total amount of proceeds to be raised in this private placement will not exceed RMB 320,000.00 million (including the number). After deducting发行 expenses, the net proceeds will be used for the research and industrialization project of CIS solutions for high-performance imaging applications; the research and industrialization project of CIS solutions for intelligent driving; the research and industrialization project of CIS and on-device AI ASIC solutions for visual AI; and补充流动资金.

As of the date of the announcement of the plan, the specific发行对象 for this issuance has not yet been determined. Whether there will be a situation where a related party subscribes for the shares to be issued in this private placement, thereby constituting a related-party transaction, will be disclosed in the发行 situation report book to be announced after the issuance ends.

As of the date of disclosure of the plan, the company’s total share capital is 402,306,775 shares. Xu Chen directly holds 54,998,783 shares of the company, accounting for 13.67% of the company’s total share capital. The proportion of voting rights in the company controlled in aggregate through special voting rights shares and ordinary voting rights shares is 44.13%. He is the controlling shareholder and actual controller. Assuming this issuance is calculated based on the upper limit of the number of shares, after the completion of this issuance, Xu Chen’s total proportion of voting rights controlled will be 41.44%, and he will remain the actual controller of the company. Therefore, this private placement of shares to specific targets will not result in any change in the company’s actual controlling rights.

SmartSens listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange on May 20, 2022, with an issued number of 40.01 million shares and an issue price of RMB 31.51 per share. The sponsor (sole lead underwriter) is CITIC Securities Co., Ltd. The sponsor representatives are Li Chongyang and Dong Junfeng.

XU CHEN (Xu Chen) is the company’s controlling shareholder and actual controller, and Mo Yuwu is its party acting in concert. Xu Chen was born in 1976 and holds U.S. nationality; he has no other overseas permanent residency rights.

The total amount of proceeds raised by SmartSens in its initial public offering of shares was RMB 1.261 billion, and the net proceeds were RMB 1.174 billion. The final net proceeds raised by SmartSens were RMB 1.646 billion less than the original plan. On May 17, 2022, the prospectus disclosed by SmartSens showed that the company intended to raise RMB 2.820 billion, to be used for the research and development center equipment and system construction project, the image sensor chip testing project of SmartSens (Kunshan) Electronic Technology Co., Ltd., the CMOS image sensor chip upgrade and industrialization project, and补充流动资金.

The total issuance expenses for SmartSens’s initial public offering of shares were RMB 86.4969 million, of which CITIC Securities Co., Ltd. received sponsorship and underwriting fees of RMB 63.0358 million.

On July 5, 2024, the company disclosed the implementation announcement for its 2023 annual equity distribution. As of the announcement date, the company’s total share capital was 400,010,000 shares. After deducting 536,872 shares in the company’s share buyback dedicated securities account, the number of shares actually participating in the distribution was 399,473,128 shares. Based on this share base, the company distributed cash dividends of RMB 0.165 per share to all shareholders (including tax). The company will not increase share capital from capital surplus reserves, nor will it distribute bonus shares. In summary, based on this calculation, the total cash dividends proposed to be distributed are RMB 65,913,066.12 (including tax).

On June 24, 2025, the company disclosed the implementation announcement for its 2024 annual equity distribution. As of the announcement date, the company’s total share capital was 401,841,572 shares. After deducting 536,872 shares in the company’s share buyback dedicated securities account, the number of shares actually participating in the distribution was 401,304,700 shares. Based on this share base, the company distributed cash dividends of RMB 0.15 per share to all shareholders (including tax). The company will not increase share capital from capital surplus reserves, nor will it distribute bonus shares. In summary, based on this calculation, the total cash dividends proposed to be distributed are RMB 60,195,705.00 (including tax).

On November 27, 2025, the company disclosed the implementation announcement for its equity distribution for the first three quarters of 2025. As of the disclosure date, the company’s total share capital was 401,841,572 shares. After deducting 536,872 shares in the company’s share buyback dedicated securities account, the number of shares actually participating in the distribution was 401,304,700 shares. Based on this share base, the company distributed cash dividends of RMB 1.25 per 10 shares to all shareholders (including tax). Based on this calculation, the total cash dividends proposed to be distributed are RMB 50,163,087.50 (including tax). The profit distribution will not distribute bonus shares, nor will it increase share capital from capital surplus reserves.

After calculation, since the company went public, it has distributed dividends totaling approximately RMB 176 million.

According to the company’s 2025 annual performance quick report, in the reporting period, the company achieved operating revenue of RMB 9,031.24 million, an increase of 51.32% year-on-year. It achieved net profit attributable to owners of the parent company of RMB 1,001.3619 million, and net profit attributable to owners of the parent company after deducting non-recurring gains and losses of RMB 989.8572 million.

(责任编辑：孙辰炜)

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