Kbc Corporation Ltd(688598) reply to the inquiry letter on the examination of application documents for issuing shares to specific objects Tian Zhi Ye Zi [2022] No. 3059
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Reply to the inquiry letter on the examination of application documents for issuing shares to specific objects 1 Kbc Corporation Ltd(688598) reply to the inquiry letter on the examination of application documents for issuing shares to specific objects
Tian Zhi Ye Zi [2022] No. 3059 Shanghai Stock Exchange:
According to the requirements of your inquiry letter on the examination of application documents for Kbc Corporation Ltd(688598) issuing shares to specific objects (szkss (refinancing) [2021] No. 121) (hereinafter referred to as the “inquiry letter”), Tianzhi International Certified Public Accountants (special general partnership) (hereinafter referred to as “we” or “reporting accountant”) as the reporting accountant of Kbc Corporation Ltd(688598) (hereinafter referred to as “issuer” or “company” or ” Kbc Corporation Ltd(688598) “), replied to the relevant questions of the reporting accountant in the inquiry letter one by one as follows:
Unless otherwise specified, the abbreviation used in this reply is the same as the interpretation in Kbc Corporation Ltd(688598) prospectus for the issuance of shares to specific objects (draft application).
In the reply to this inquiry letter, if there is any difference in the mantissa between the sum of the total and the sub item values, it is caused by rounding.
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Review the questions listed in the inquiry letter in bold
Reply to questions of audit inquiry letter and verification opinions of intermediary institutions in Song typeface (not bold)
Question 3: about financing scale
The company plans to use 180.25646 million yuan of the raised funds for the construction of the capacity expansion project of 1500 tons of high-purity large-scale advanced carbon matrix composites (project 1) and 800.3517 million yuan for the construction project of Jinbo Research Institute (project 2). The issuer is requested to explain: (1) the investment details of the above two projects, including the specific contents and investment direction of engineering cost, construction cost, engineering construction cost, equipment purchase and installation cost, reserve fund and initial working capital, and the basis and fairness of relevant amount calculation; (2) The specific functions of the new projects 1 and 2 financed by large amount, whether there is a significant difference between the relevant product technology and the existing technology of the issuer, whether the main purpose of the construction project financed by the issuer is only to expand the production capacity, and further explain the necessity and rationality of the issuer’s large amount financing in combination with the above situation; (3) Calculate the impact of relevant depreciation and amortization on the company’s financial situation after the above two items reach the expected serviceable state; (4) After the completion of project 1, the impact on unit production cost and gross profit margin; (5) Project 1 process, basis and results of benefit calculation. The sponsor is requested to express clear opinions on the rationality of the calculation basis, process and results of the investment amount of each raised investment project, whether the benefit calculation results of the raised investment project are cautious and reasonable, and whether the amount of each raised investment project of the company exceeds the actual demand for raised funds.
Please report to the accountant for verification and comment.
Question reply:
1、 Explain
(I) investment details of the above two projects, including engineering cost, construction cost, engineering construction cost, equipment purchase and installation cost, reserve fund and initial working capital, as well as the specific content and capital investment direction, relevant amount calculation basis and fairness
1. Capacity expansion project of high-purity large-scale advanced carbon matrix composites with an annual output of 1500 tons
The proposed investment amount of the capacity expansion project of high-purity large-scale advanced carbon matrix composites with an annual output of 1500 tons is as follows:
Unit: 10000 yuan
Project funds to be invested
Construction cost 83829.36
Equipment purchase and installation costs 56972.35
Other expenses of project construction 20768.10
Basic reserve fund 7686.65
Initial working capital 11000.00
Total 180256.46
(1) Details of proposed investment amount of construction engineering cost of raised investment project
The details of the proposed investment amount of construction engineering expenses are as follows:
Sequence item unit quantity unit price index item planned investment number (yuan / unit) (10000 yuan)
1 precast body workshop M2 30650.40 3100.00 9501.62
2 heat treatment workshop M2 64047.55 3500.00 22416.64
3 machining workshop M2 16537.80 3100.00 5126.72
4 shift dormitory M2 23863.20 4000.00 9545.28
5 canteen M2 9954.00 4000.00 3981.60
6 supporting room M2 900.00 2280.00 205.20
7 fire pool and cooling pool M2 2470.00 15917.87 3931.71
8 HVAC works M2 33817.20 500.00 1690.86
9 weak current project M2 145952.95 80.00 1167.62
10 electrical engineering and power supporting M2 145952.95 700.00 10216.71
11 indoor water supply and drainage works M2 145952.95 90.00 1313.58
12 outdoor water supply and drainage works M2 182590.20 85.00 1552.02
13 greening works M2 20358.81 310.00 631.12
14 road works M2 55393.54 238.55 1321.43
15 lighting works M2 182590.20 30.00 547.77
16 parking spaces M2 5736.00 350.00 200.76
17 natural gas matching item 1.00 4000000.00 400.00
18 enclosure works 1.00 12000000.00 1200.00
19 foundation treatment M2 416628.75 118.06 4918.72
20 photovoltaic project item 1.00 30000000.00 3000.00
21 tail gas treatment project item 1.00 8000000.00 800.00
22 buried garbage station M2 400.00 4000.00 160.00
Total — 83829.36
The above calculation of the building area and quantity of different functional divisions is determined in combination with the actual needs of the implementation of the project, construction planning and other factors. The unit price index is calculated according to the construction experience of the company and the quotation provided by the third-party design company (Hunan City University Design and research Institute Co., Ltd., a design and research unit with class a credit certificate of engineering consulting unit).
(2) Details of proposed investment amount of equipment purchase and installation expenses
Details of equipment purchase and installation costs are as follows:
Purpose serial number equipment name equipment budget total price
(10000 yuan)
1 network cable 660.00
2 crucible preparation machine 500.00
3 cylinder needling machine 396.00
4 air compressor 225.00
5 flat needle machine 216.00
Preform stage 6 oven waste gas treatment system 160.00
7 drying oven 144.00
8 carbon fiber loom 120.00
9 pre stabbing machine 80.00
10. Other equipment with a total price of no more than 500000 yuan is 19850 yuan in total
Subtotal 2699.50
1 high temperature heat treatment furnace 34080.00
2 horizontal vacuum graphitization furnace 2100.00
