Gelonghui May 24 丨 On the evening of May 23, Wanma Co., Ltd. (002276.SZ) issued the “2023 Stock Issuance Plan to Specific Targets”. The company plans to raise no more than 1.7 billion yuan in cash. According to the Guolian Securities Research Report, the controlling shareholders will subscribe in equal proportions to maintain their controlling position. This not only maintains their original controlling position, but also allows them to share investment income with the market. Furthermore, in order to consolidate the company's low R&D advantage in new materials and attract outstanding talents, the company plans to fund the purchase of R&D buildings for Wanma's Shanghai New Materials Research Institute, while at the same time supplementing some working capital. It is believed that this fundraising project will lay a good foundation for the company's long-term growth. The bank gave the company 19 times PE in 2024, maintained a target price of 15 yuan, and maintained a “buy” rating.