Today (February 9), Shennan Circuits Co.Ltd(002916) (002916, SZ) released an announcement to disclose the issuance of non-public shares. Shennan Circuits Co.Ltd(002916) the fixed issuance price is 107.62 yuan / share, the number of shares issued is 23694000, and the total fund-raising is 2.55 billion yuan. The raised funds are mainly used for its investment of 2.016 billion yuan in the manufacturing project of IC carrier products for high-order flip chip, as well as to supplement working capital
Image source: Shennan Circuits Co.Ltd(002916) announcement screenshot
It is worth noting that the national integrated circuit industry investment fund phase II Co., Ltd. (hereinafter referred to as big fund phase II) subscribed for 300 million yuan. In addition to the large fund phase II, a number of investment institutions including AVIC Investment Co., Ltd., Huatai Securities Co.Ltd(601688) (hereinafter referred to as Huatai Securities Co.Ltd(601688) ), JPMorgan Chase Bank (National Association) and UBS AG also participated in the subscription. Among them, Huatai Securities Co.Ltd(601688) has the largest subscription amount, reaching 353 million yuan
Image source: Shennan Circuits Co.Ltd(002916) announcement screenshot
Shennan Circuits Co.Ltd(002916) said that after the issuance, the company’s total assets and net assets will further increase, the overall asset liability ratio will be reduced, and the short-term liquidity will be enhanced.
Shennan Circuits Co.Ltd(002916) among the issuing objects of this fixed increase, the most noteworthy is the second phase of large fund. In June 2014, the State Council issued the outline for promoting the development of national integrated circuit industry, and established the national integrated circuit industry investment fund (i.e. large fund) in September 2014.
Analyst Wang Qinfu believes that it may be the national policy orientation and other factors that make the second phase investment of large funds Shennan Circuits Co.Ltd(002916) . Public information shows that the large fund is set up to promote the development of the integrated circuit industry. It will focus on investing in the integrated circuit chip manufacturing industry, taking into account chip design, packaging and testing, equipment and materials and other industries.
According to the information of qixinbao, at present, the phase II public investment projects of the large fund include Hangzhou Changchuan Intelligent Manufacturing Co., Ltd., Runxi Microelectronics (Chongqing) Co., Ltd., SMIC Southern integrated circuit manufacturing Co., Ltd., sitway (Shanghai) Electronic Technology Co., Ltd., Zhuhai aipaike Microelectronics Co., Ltd., Ziguang zhanrui (Shanghai) Technology Co., Ltd.
According to the report released by China Commercial Industry Research Institute, the scale of China’s integrated circuit industry has maintained rapid growth in the past few years. With the wave of intelligent upgrading of manufacturing industry, the demand for high-end chips will continue to grow, which will further stimulate the development and industrial migration of China’s integrated circuit industry in the future. It is estimated that by 2022, the market scale will reach 1.18 trillion yuan.
