什么是配股？

中文版

配股是指上市公司在获得必要的批准后，向其现有股东按持股比例分配新发行股票的融资行为。这种方式允许公司通过增加股本的方式筹集资金，以支持其扩张、偿还债务、进行新的投资或进行其他资本运营活动。

配股过程中，公司会根据股东的持股比例，按照一定比例向现有股东发行新股。这意味着，如果一个股东持有公司1%的股份，当公司进行配股时，他/她将有权获得新发行股票的1%。

配股对于股东来说，既有机遇也有风险。机遇在于，如果公司未来的业绩和市值增长，股东可以通过持有的新增股份获得更高的收益。然而，风险在于，如果公司业绩不佳或市场环境发生变化，配股可能会导致股东的持股比例被稀释，从而影响到其投资收益。

英文版

What is a Rights Offering?

A rights offering refers to a financing activity where a listed company, after obtaining the necessary approval, allocates newly issued shares to its existing shareholders based on their holding ratios. This allows the company to raise funds by increasing its share capital to support expansion, debt repayment, new investments, or other capital operations.

During a rights offering, the company issues new shares to existing shareholders in proportion to their current holdings. This means that if a shareholder owns 1% of the company's shares, they will be entitled to 1% of the newly issued shares when the rights offering takes place.

For shareholders, a rights offering presents both opportunities and risks. The opportunity lies in the potential for higher returns if the company's future performance and market value increase, as the shareholder will hold an increased number of shares. However, the risk is that if the company's performance is poor or the market environment changes, the rights offering could result in the shareholder's holding ratio being diluted, affecting their investment returns.