Securities code: 300390 securities abbreviation: Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390)
Use of funds raised by issuing shares to specific objects
Feasibility analysis report
February, 2002
Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) (hereinafter referred to as " Suzhou Ta&A Ultra Clean Technology Co.Ltd(300390) " and "the company") in order to implement the company's overall development strategy, it plans to further increase the layout of lithium business by issuing shares to specific objects to raise funds, meet the company's business development needs, optimize capital structure and improve profitability. The feasibility analysis of the company's use of the funds raised by issuing shares to specific objects is as follows (unless otherwise specified, the relevant abbreviations in this report have the same meaning as in the plan for issuing shares to specific objects):
1、 Use plan of the raised funds
The total amount of funds to be raised by the company in this application for issuing shares to specific objects shall not exceed 4600 million yuan (inclusive). After deducting the issuance expenses, the raised funds are intended to be used for the investment of the following projects:
Project name total investment amount of the project raised funds proposed investment amount (10000 yuan) (10000 yuan)
Construction project of Sichuan Tianhua Shidai lithium energy Co., Ltd. with an annual output of 60000 tons of battery grade hydrogen 250000.00 240000.00 lithium oxide
Yibin Weineng lithium industry science and Innovation Co., Ltd. phase I 96973.34 82000.00 pool level lithium hydroxide project with an annual output of 25000 tons
Acquisition of 7% equity of Yibin Tianyi lithium industry science and Innovation Co., Ltd. 98000.00 98000.00
Supplementary working capital 40000.00 40000.00
Total 484973.34 460000.00
The part of the total investment amount of the project higher than the use amount of the raised funds shall be raised by the company itself; If the actual net amount of raised funds after deducting the issuance expenses is lower than the total amount of raised funds to be invested, the insufficient part shall be raised by the company itself. Before the funds raised from this stock issue are in place, the company will make early investment with self raised funds according to the needs of the project, and replace the early investment funds in accordance with the requirements and procedures of relevant laws and regulations after the raised funds are in place.
2、 Feasibility analysis of the project invested by the raised funds
(I) 60000t / a battery grade lithium hydroxide construction project of Sichuan Tianhua times lithium energy Co., Ltd
1. Project overview
The company plans to invest in the construction of "60000t / a battery grade lithium hydroxide construction project of Sichuan Tianhua times lithium energy Co., Ltd." through its subsidiary Sichuan Tianhua times lithium energy Co., Ltd. The design capacity of the project is 60000 tons of battery grade lithium hydroxide per year, which is located in Ganmei Industrial Park, Dongpo District, Meishan City, Sichuan Province. The total investment of the project is 250 million yuan, of which the construction investment is 1908145300 yuan, the loan interest during the construction period is 41.8398 million yuan and the working capital is 550.0149 million yuan.
2. Necessity of project implementation
(1) Increase investment in new energy industry and enhance the profitability of listed companies
At present, the company's main business covers three fields: anti-static ultra clean technology products, medical device products and lithium battery materials. In the field of anti-static and ultra clean technology products, it focuses on providing electrostatic and micro pollution prevention and control solutions for the electronic information manufacturing industry, specializing in the R & D, production, sales and related services of anti-static and ultra clean technology products. The field of medical device products mainly includes the R & D, production and sales of disposable sterile medical device products such as safety type, self destruction type and high-pressure syringe. The field of lithium battery materials mainly includes the R & D, manufacturing and sales of battery grade lithium hydroxide and other lithium battery materials. In the last three years, the company's main business income has maintained stable growth, and the lithium battery material business has made a great contribution to the company's performance growth in 2021.
Tianyi lithium industry, the holding subsidiary of the company, is an enterprise specializing in the production and sales of battery grade lithium hydroxide. Its products are mainly used to produce ternary cathode materials for power batteries for new energy vehicles. At present, it has formed a battery grade lithium hydroxide production capacity of 45000 tons. According to the feasibility study report, after the completion of the "60000 ton battery grade lithium hydroxide construction project of Sichuan Tianhua times lithium energy Co., Ltd." is expected to have better economic benefits, so as to further improve the profitability of listed companies.
2. Enhance scale effect and improve market competitiveness
At present, Tianyi lithium industry has formed a capacity of 45000 tons of battery grade lithium hydroxide. After the completion of the fund-raising investment project "60000 tons of battery grade lithium hydroxide construction project of Sichuan Tianhua times lithium energy Co., Ltd.", the company will add 60000 tons of battery grade lithium hydroxide per year. The company's investment and construction of lithium oxide project will greatly reduce the company's production capacity and market competitiveness, and further improve the company's market competitiveness.
3. Adapt to the rapidly growing demand of downstream industries and reduce dependence on key customers
The current capacity of battery grade lithium hydroxide of Tianyi lithium industry is 45000 tons / year, which is difficult to match the rapid growth demand of downstream industries in the future. With the capacity expansion of downstream enterprises, on the one hand, the company needs to increase the capacity scale accordingly to ensure that it matches the capacity of downstream customers. If the capacity scale is small, it cannot match the needs of major customers such as car enterprises and power battery manufacturers; On the other hand, when the company's production capacity is relatively small, in order to give priority to the supply of strategic customers, it may lead to significant dependence on key customers and face operational risks. Through this fund-raising investment project to improve the company's capacity scale, we can cooperate with multiple major customers at the same time in the future to achieve the purpose of dispersing business risks.
3. Feasibility of project implementation
(1) This project is encouraged
According to the provisions of the Guiding Catalogue for industrial structure adjustment (2019 Edition), the policies related to lithium industry are listed in the following table:
Category industry clause content of the project
9、 Nonferrous Metals 2. High efficiency, low consumption, low pollution and new processing technology. New equipment shall be adopted to encourage the development of smelting technology with high efficiency, low consumption and low pollution
Class 2. Shortage of sulfur, potassium, boron, lithium, bromine and other lithium and shortage of chemical mineral resources 11. Exploration, development and comprehensive utilization of petrochemical mineral resources
utilize
Limitation IV. petrochemical industry 6. The single line production capacity is less than 5000 tons / year, and the annual output of carbonate single line is more than 5000 tons / year. Non lithium and lithium hydroxide belong to the restricted category
Elimination I. backward production process installation 5. The single line production capacity is less than 3000 tons / year, and the annual output of carbonate single line is more than 3000 tons / year. It is not classified as preparation / (Ⅳ) Petrochemical lithium and lithium hydroxide belong to the elimination category
It can be seen from the table that this project belongs to the project encouraged by national policies.
(2) It has rich industry experience and technology accumulation
Tianyi lithium has mature production experience in battery grade lithium hydroxide, and its equipment and process flow layout are relatively advanced, which can not only ensure product quality, but also effectively reduce energy consumption. The lithium hydroxide products produced by Tianyi lithium industry phase I project have been tested by Sichuan Institute of hazardous chemicals quality supervision and inspection, and their purity, magnetic material content and other indicators meet the national standards. The construction of the preliminary project provides sufficient industry experience for the implementation of the raised investment project.
In addition, the company's lithium battery materials business operation and management team has a strong sense of standardized operation, and the operation and management personnel have high industry sensitivity, insight and execution. The technical team of Tianyi lithium industry has many years of experience in the lithium industry, rich industrial experience and strong product development and application ability, which can ensure the smooth implementation of this raised investment project.
(3) Have a stable supply channel of raw materials
In order to ensure the supply of raw materials and reduce the dependence on a single procurement source of lithium concentrate, the company began to layout lithium concentrate resources as early as the end of 2019, and successively signed long-term agreements with upstream lithium concentrate resource manufacturers such as Pilbara, AMG and avz, forming a stable and high-quality raw material supply system. Tianyi lithium has ensured and consolidated the stable supply of high-quality lithium concentrate raw materials in the upstream by investing in the upstream lithium resources company, signing long-term purchase agreement and participating in strategic placement. The long-term, high-quality and stable supply of lithium concentrate raw materials ensures the stable production and operation of Tianyi lithium industry, which is conducive to improving market competitiveness, improving profitability and consolidating the position of the industry. (4) Have reliable sales channels
The company has established long-term and stable cooperative relations with Contemporary Amperex Technology Co.Limited(300750) and other new energy enterprises. Contemporary Amperex Technology Co.Limited(300750) has built a leading R & D and manufacturing base for power batteries and energy storage systems in China, with core technologies of the whole industry chain of materials, cells, battery systems and battery recycling. It is committed to providing solutions for global green energy application and energy storage through advanced battery technology, and there is a huge demand for lithium salt raw materials. Since the completion of production and sales of phase I 20000 ton battery grade lithium hydroxide construction project in December 2020, Tianyi lithium, a subsidiary of the company, has received good customer feedback and continued to increase orders. The existing capacity is difficult to meet the capacity expansion needs of downstream customers. Subsequently, the "60000 ton / a battery grade lithium hydroxide construction project of Sichuan Tianhua times lithium energy Co., Ltd." will actively expand sales channels with the help of customer resources accumulated in the early stage.
4. Project investment estimate
The total investment of the project is 250 million yuan, of which the construction investment is 1908145300 yuan, the loan interest during the construction period is 41.8398 million yuan, the working capital is 550.0149 million yuan, and the investment amount of raised funds is 240 million yuan.
5. Project investment income
S / n item unit quantity remarks
1 construction period 2-
2 production period 12 years-
3. Operating income: RMB 532991.15 in normal years
4. The average annual total cost is 384359.91 yuan, and the average cost in the production period is 384359.91 yuan
5. The average annual operating cost is RMB 368448.86 million, and the average operating cost during the production period is
6. The total annual profit is RMB 137015.70 million, and the average profit during the production period is
7. The average annual net profit is 102761.78 million yuan, and the average profit during the production period is
6. Project construction site
The project is located in Ganmei Industrial Park, Meishan City, Sichuan Province.
7. Project construction period
The construction period of the project is 2 years.
8. Project implementation subject
The implementation subject of the project is Sichuan Tianhua times lithium energy Co., Ltd., a wholly-owned subsidiary of the company.
9. Project approval document
The project has passed the filing procedure of Meishan development and Reform Commission, and the filing number is "chuanzuibai [2111-511400-04-01-396585] fgqb-0147". At present, the procedures for land use and environmental impact assessment of relevant projects are being handled.
(II) Yibin Weineng lithium industry science and Innovation Co., Ltd. phase I battery grade lithium hydroxide project with an annual output of 25000 tons
1. Project overview
The company plans to invest in the construction of "Yibin Weineng lithium industry science and Technology Innovation Co., Ltd. phase I project with an annual output of 25000 tons of battery grade lithium hydroxide" through the Sun Company Yibin Weineng lithium industry science and Innovation Co., Ltd. The design capacity of the project is 25000 tons of battery grade lithium hydroxide per year, which is located in Jiang'an County Industrial Park, Yibin City, Sichuan Province. The total investment of the project is 969.7334 million yuan, including 669.72 million yuan of construction investment, 8.2747 million yuan of loan interest during the construction period and 291.7387 million yuan of working capital.
2. Necessity of project implementation
After the completion of "Yibin Weineng lithium industry science and Innovation Co., Ltd. phase I project with an annual output of 25000 tons of battery grade lithium hydroxide", the company will increase the production capacity of battery grade lithium hydroxide by 25000 tons / year, which can enhance the sustainable operation ability of listed companies
