Aoyang Shunchang disclosed the plan for the increase on the evening of June 3. It is planned to be no less than the price of 5.12 yuan/share, and the increase will not exceed 100 million shares, and the fundraising will not exceed 512 million yuan. After deducting the issuance expenses, 400 million yuan will be used for LED epitaxial wafer and chip industrialization projects (Phase I), and 100 million yuan will be used to supplement working capital.
If calculated according to the upper limit, after the non-public issuance, the company's controlling shareholder Aoyang Group Co., Ltd.'s share of the company's total share capital will fall from 42.42 to 33.29, which is still in a controlling position and will not lead to changes in the company's control. .
The total investment of the above LED projects is 808 million yuan, and the construction period of the project is 30 months. After the project is completed and put into production, 1.8 million pieces of blue-green LED epitaxial wafers will be formed (calculated by 2-inch epitaxial wafers) and blue-green chips 115. The production capacity of 100 million tablets.
After the project is completed and put into production, it is estimated that the annual sales income will reach 720 million yuan, the annual after-tax profit will be 169 million yuan, the post-tax financial internal rate of return will be 24.51, and the after-tax investment recovery period will be 5.46 years.
After the implementation of the fund-raising project, the company's metal logistics business capacity will remain unchanged, but it will supplement the liquidity necessary for business development, and its advantageous position will be consolidated; the company's LED epitaxial wafer and chip business will be vigorously developed, LED epitaxial wafers and The scale of the chip business will be greatly improved. It will effectively promote the implementation of the company's dual main business development strategy, significantly improving the company's sustainable profitability and comprehensive competitiveness.
Aoyang Shunchang suspended trading on May 28, and closed at the trading day before the suspension of trading at 6.41 yuan, up 7.01. The company's stock is scheduled to resume trading on the 4th.
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