Bicycle manufacturer Tsu Fujita (603468.SH) plans to publicly issue 41.23 million shares

According to the Zhitong Finance App, Tsu Fujita (603468.SH) disclosed a prospectus of intent. The company plans to publicly issue 41.23 million shares, accounting for 10.00% of the total share capital after issuance. The shares issued are all new shares, and shareholders will not publicly sell shares before this issuance. The initial inquiry date for this offering is July 21, 2026, and the subscription date is July 24, 2026. The application for listing on the main board of the Shanghai Stock Exchange will be made as soon as the issuance is completed.

The company is mainly engaged in R&D, design, production and sales of products such as bicycles, electric bicycles, bike sharing and other products and their key components. The products are exported to nearly 100 countries and regions around the world. By the end of the reporting period, the company had a total annual production capacity of about 7 million vehicles. It mainly has production bases in Tianjin, Jiangsu, Changzhou, Vietnam and Cambodia, and is a leading bicycle manufacturer in China.

The company's net profit from 2023 to 2025 was: 285 million yuan, 408 million yuan and 382 million yuan, respectively. From January to June 2026, the company expects net profit and net profit attributable to shareholders of the parent company after deducting non-recurring profit and loss to show a basic flat or declining trend compared to the same period of the previous year. The main reason is due to the large appreciation of RMB in the first half of the year, which led to large exchange rate losses.

The net amount of the capital raised by the company after deducting the issuance fee will be invested according to the priority of the project: electric assisted bicycle and high-end bicycle intelligent manufacturing projects, R&D center construction projects, and brand and marketing network construction projects. The total amount of funds raised is estimated to be about 773 million yuan.