Securities code: 002893 securities abbreviation: Beijing Huayuanyitong Thermal Technology Co.Ltd(002893) Announcement No.: 2022-016
Beijing Huayuanyitong Thermal Technology Co.Ltd(002893)
Announcement on diluted immediate return of non-public offering of A-Shares in 2022, filling measures and commitments of relevant subjects
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Important:
The following analysis and description of the main financial indicators of Beijing Huayuanyitong Thermal Technology Co.Ltd(002893) (hereinafter referred to as “the company”) after this non-public offering of shares do not represent the company’s judgment on the operation and financial situation of the future year, nor does it constitute a profit forecast. Investors should not make investment decisions only based on such analysis and description. If investors make investment decisions based on this, the company will not bear any responsibility.
According to the opinions of the general office of the State Council on Further Strengthening the protection of the legitimate rights and interests of small and medium-sized investors in the capital market (GBF [2013] No. 110) The relevant requirements of the opinions of the State Council on further promoting the healthy development of the capital market (GF [2014] No. 17) and the guiding opinions on matters related to initial public offering, refinancing and dilution of immediate return for major asset restructuring (CSRC announcement [2015] No. 31) are to protect the interests of small and medium-sized investors, The company has analyzed the impact of this non-public offering of shares on the dilution of immediate return, and formulated specific measures to fill the return in combination with the actual situation. The relevant subjects have made commitments that the company’s measures to fill the return can be effectively implemented, as follows:
1、 The impact of this non-public offering on the immediate return
(I) assumptions and premises of measurement
1. There are no major changes in macroeconomic environment and industrial policies.
2. It is assumed that the non-public offering will be completed in September 2022 (the completion time is only a hypothetical estimate, which is only used to calculate the impact of the diluted immediate return of the non-public offering on the company’s main financial indicators, and does not constitute a commitment to the actual completion time. Finally, the actual completion time after the issuance is approved by the CSRC shall prevail).
3. It is assumed to be calculated according to the upper limit of the number of shares issued in this non-public offering, that is, 60840000 shares will be issued (no more than 30% of the total share capital before issuance) (the number of shares issued is only an assumption, and the final number will be subject to the number of shares approved and actually issued by the CSRC).
4. It is assumed that the total amount of funds raised this time is 428313600 yuan (the issuance scale is only an assumption, and the final issuance scale approved and actually issued by the CSRC shall prevail).
5. It is assumed that in 2022, except for this issuance, there is no other situation that leads to the change of the company’s share capital, regardless of the change of the company’s share capital caused by the conversion of the company’s provident fund, share repurchase, cancellation and other factors.
6. The company’s net profit attributable to the shareholders of the listed company from January to September 2021 was 18.6296 million yuan, and the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was 18.2294 million yuan. The net profit attributable to shareholders of listed companies before and after deducting non recurring profits and losses in 2021 is calculated according to the annualized performance data from January to September 2021, that is, 24.8395 million yuan and 24.3058 million yuan respectively.
It is assumed that the net profit attributable to the shareholders of the listed company in 2022 and the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses are calculated respectively according to the performance growth of 10%, 0% and – 10% compared with 2021 (the above assumptions do not constitute a profit forecast).
7. It is assumed that the impact on the company’s production and operation and financial status (such as financial expenses and investment income) after the funds raised in this issuance are in place will not be considered.
The above assumptions are only used to calculate the diluted impact of this non-public offering on the main financial indicators of the company’s immediate return, do not represent the company’s judgment on the operation and financial situation of the future year, and do not constitute a profit forecast. The realization of the company’s income depends on many factors, such as national macroeconomic policies, industry development, market competition and the company’s business development, and there is great uncertainty. Investors should not make investment decisions on this basis. If investors make investment decisions on this basis and cause losses, the company will not be liable for compensation.
(II) impact of main financial indicators of the company
Based on the above assumptions, the company calculated the impact of the non-public offering on the main financial indicators under the three circumstances of the net profit attributable to the shareholders of the listed company in 2022 and the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses increased by 10%, unchanged and decreased by 10%. The details are as follows:
Project year 2021 / year 2021 / year 2022 / December 31, 2022
Before and after the offering on December 31
Number of ordinary shares (shares) 202800000 202800000 263640000
The total amount of funds raised this time (10000 yuan) is 42831.36
Number of shares issued this time (shares) 60840000
The issuance was completed in September 2022
Assumption 1: in 2022, the net profit attributable to the shareholders of the parent company and the net profit attributable to the shareholders of the parent company after deducting non recurring profits and losses increased by 10% respectively compared with 2021
Net profit attributable to common shareholders of listed companies: 2483.94 2732.33 2732.33 yuan
Attributable to listed companies after deducting non recurring profits and losses
Net profit of common shareholders of the company (RMB 243058 2673.64)
Basic earnings per share (yuan / share) 0.12 0.13 0.10
Diluted earnings per share (yuan / share) 0.12 0.13 0.10
After deducting non recurring profits and losses, the basic earnings per share is 0.12 0.13 0.10 (yuan / share)
After deducting the non recurring profit and loss, the diluted earnings per share is 0.12 0.13 0.10 (yuan / share). Hypothesis 2: the net profit attributable to the shareholders of the parent company in 2022 and the net profit attributable to the shareholders of the parent company after deducting the non recurring profit and loss are the same as those in 2021
The net profit of 2483.94 2483.94 2483.94 attributable to the common shareholders of the listed company (10000 yuan) after deducting non recurring profits and losses belongs to the listed company
Net profit of common shareholders of the company (RMB 243058, 2430.58, 2430.58)
Basic earnings per share (yuan / share) 0.12 0.12 0.09
Diluted earnings per share (yuan / share) 0.12 0.12 0.09
After deducting non recurring profits and losses, the basic earnings per share is 0.12 0.12 0.09 (yuan / share)
Diluted earnings per share of 0.12 0.12 0.09 yuan / share after deducting non recurring profits and losses assumption 3: the net profit attributable to shareholders of the parent company in 2022 and the net profit attributable to shareholders of the parent company after deducting non recurring profits and losses decreased by 10% respectively compared with 2021
The net profit of 2483.94, 2235.55 and 2235.55 yuan (ten thousand yuan) attributable to the common shareholders of the listed company after deducting non recurring profits and losses belongs to the listed company
Net profit of common shareholders of the company (RMB 243058.2187.52)
Basic earnings per share (yuan / share) 0.12 0.11 0.08
Diluted earnings per share (yuan / share) 0.12 0.11 0.08
After deducting non recurring profits and losses, the basic earnings per share is 0.12 0.11 0.08 (yuan / share)
Diluted earnings per share after deducting non recurring profits and losses: 0.12 0.11 0.08 (yuan / share)
In the above calculation process, the basic earnings per share and diluted earnings per share are calculated in accordance with the provisions of the rules for the preparation of information disclosure of companies offering securities to the public No. 9 – Calculation and disclosure of return on net assets and earnings per share (revised in 2010).
2、 Risk tips on diluted immediate return of this non-public offering
After the implementation of this non-public offering of shares and the funds raised are in place, the total share capital and net assets of the company will increase accordingly. In view of the fact that the economic benefits brought by the funds raised to supplement the working capital need a certain period to be fully released, the net profit of the company may not keep pace with the growth of share capital and net assets in the short term, Therefore, there is a risk that the earnings per share will be diluted and the return on net assets will decline after the completion of this non-public offering.
Investors are hereby reminded to pay attention to the risk that this offering may dilute the immediate return.
Meanwhile, in the process of analyzing the dilution impact of this issuance on the immediate return, the hypothetical analysis of the net profit attributable to the company’s common shareholders in 2021 and 2022 and the net profit attributable to the company’s common shareholders after deducting non recurring profits and losses is not the company’s profit forecast, The specific measures to cover the risk of dilution of immediate return do not guarantee the company’s future profits. Investors should not make investment decisions accordingly. If investors make investment decisions accordingly and cause losses, the company will not be liable for compensation.
3、 Necessity and rationality of the funds raised in this offering
(I) necessity of raising funds
1. Meet the demand for working capital for the continuous expansion of business scale and improve market competitiveness
In recent years, the company has continuously expanded its business scale and business coverage through acquisition. For example, due to the urban construction and the transformation of shanty towns and old residential areas in Qianxi County, Hebei Province, the demand for heating is increasing day by day. It is urgent to solve the problem of early construction of pipe network and close service life through pipe network upgrading and reconstruction and new heat exchange station, By improving the utilization efficiency of industrial waste heat of Jinxi steel plant around Qianxi County, we can reduce the purchase of high-pressure steam, which is the company’s high-priced heating raw material, so as to reduce the company’s heating cost and improve the company’s profitability. The expansion of business scale will lead to more monetary capital expenditure of the company.
In addition, the company continues to carry out the research and development of energy conservation and environmental protection, intelligent heating technology and the transformation of relevant devices and control systems, so as to improve the utilization efficiency of natural gas and reduce the operation cost of the company. Therefore, the company has increased its capital demand for the installation of flue gas condensation waste heat recovery device and the installation of heating intelligent control system in boiler room.
The funds raised in this non-public offering can provide strong support for the company’s future operation and development, meet the capital needs brought by the company’s rapid development, and help the company further consolidate its market position, expand its business field and expand and strengthen its main business.
2. Reduce the asset liability ratio and optimize the capital structure
At the end of 2018, 2019, 2020 and September 2021, the asset liability ratios of the company’s consolidated statements were 65.48%, 68.43%, 72.18% and 67.17% respectively. As of September 30, 2021, the relevant data of the company and comparable listed companies are shown in the following table:
Securities code securities abbreviation current ratio quick ratio asset liability ratio (%)
603071. Sh product environmental energy 0.91 0.44 79.92
605011.SH Hangzhou Cogeneration Group Co.Ltd(605011) 1.35 1.17 39.91
605162.SH Zhejiang Xinzhonggang Thermal Power Co.Ltd(605162) 2.95 2.72 17.16
605580.SH Hengsheng Energy Co.Ltd(605580) 4.35 4.18 12.77
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