SITI: Plans to raise no more than 3.8 billion yuan through a private placement

On the evening of March 2nd, SITI announced that the company plans to raise a total of no more than 3.8 billion yuan, and after deducting issuance costs, intends to use all of it to supplement the company's capital. The company's performance report shows that as of the end of 2024, SITI has a registered capital of 5.114 billion yuan, net assets of 17.851 billion yuan, a year-on-year increase of 4.46%; achieved operating income of 2.923 billion yuan, a year-on-year increase of 3.92%; and net profit of 1.324 billion yuan, a year-on-year increase of 22.35%