Securities code: 688002 securities abbreviation: Raytron Technology Co.Ltd(688002) Announcement No.: 2022-002 Raytron Technology Co.Ltd(688002)
Special report on the deposit and use of the previously raised funds
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law. 1、 Basic information of raised funds
(I) the actual amount of funds raised and the time when the funds are in place
With the approval of the reply on Approving the registration of Raytron Technology Co.Ltd(688002) initial public offering of shares [2019] No. 1055 issued by the China Securities Regulatory Commission, the company publicly issued 60 million RMB ordinary shares at an issue price of 20.00 yuan per share, with a total raised capital of 120 million yuan. After deducting various issuance expenses of 66026918.87 yuan, The net amount of funds actually raised was RMB 1133973081.13. All the above raised funds were in place on July 8, 2019, which has been verified by ShineWing Certified Public Accountants (special general partnership) and issued capital verification report no. xyzh / 2019bjgx0458. The company adopts a special account storage system for the raised funds. (II) use amount and ending balance of raised funds in the reporting period
As of December 31, 2021, the company has used a total of 956.6801 million yuan of raised funds, including 395.8679 million yuan of raised funds in previous years, In 2021, the use of raised funds was 560812200 yuan (including 178.8122 million yuan of project expenditure invested by raising funds, 182 million yuan of over raised funds invested in Yantai Qixin Semiconductor Technology Research Institute Co., Ltd., and 200 million yuan of working capital permanently supplemented by over raised funds). As of December 31, 2021, the balance of raised funds account was 227222600 yuan. The details are as follows:
Project amount (yuan)
Total raised funds 1200000000.00
Less: issuance related expenses 66026918.87
Project amount (yuan)
Net proceeds 1133973081.13
Less: taxes related to issuance expenses 3944660.38
Less: expenditure of raised investment projects 374680073.87
Less: investment fund of Yantai Qixin Semiconductor Technology Research Institute Co., Ltd. 182000000.00
Less: permanent replenishment of working capital with over raised capital 400000000.00
Less: handling fee expense 10788.14
Less: temporarily idle raised funds for cash management investment 0.00
Plus: temporarily idle raised funds for cash management, financial management income 46941947.21
Plus: interest income 6943105.03
As of December 31, 2021, the balance of raised funds was 227222610.98
2、 Management of raised funds
(I) management of raised funds
In order to standardize the management and use of raised funds and protect the rights and interests of investors, the company has formulated the management system of raised funds of the company (hereinafter referred to as the management system) in accordance with the provisions of the measures for the management of raised funds of listed companies of Shanghai Stock Exchange and other documents and in combination with the actual situation of the company Specific and clear provisions have been made on the use and supervision of the use, and the funds are stored, used and managed in accordance with the provisions of the management system.
In July 2019, the company signed the tripartite supervision agreement on the storage of special account for raised funds (hereinafter referred to as "tripartite supervision agreement") with the deposit banks China Merchants Bank Co.Ltd(600036) Yantai Branch, China Construction Bank Corporation(601939) Yantai Development sub branch, Hua Xia Bank Co.Limited(600015) Yantai Development Zone sub branch and Citic Securities Company Limited(600030) (hereinafter referred to as "tripartite supervision agreement"). There is no significant difference between the aforesaid agreement and the tripartite supervision agreement (model) on the storage of special account for raised funds of Shanghai Stock Exchange. As of December 31, 2021, the company has deposited, used and managed the raised funds in strict accordance with the provisions of the tripartite supervision agreement on the special account for the storage of raised funds. On April 24, 2020, Yantai Airui Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Airui optoelectronics"), a wholly-owned subsidiary of the company, signed the four party supervision agreement on special account storage of raised funds (hereinafter referred to as "Four Party Supervision agreement") with the company, China Merchants Bank Co.Ltd(600036) Yantai branch and Citic Securities Company Limited(600030) . There is no significant difference between the model account for raising funds and the Shanghai Stock Exchange. As of December 31, 2021, the company has deposited, used and managed the raised funds in strict accordance with the provisions of the four party supervision agreement on the special account for the storage of raised funds.
The company held the 18th meeting of the second board of directors and the 13th meeting of the second board of supervisors on April 26, 2021, deliberated and adopted the proposal on increasing the implementation subject of raised investment projects and using the raised funds to provide loans to wholly-owned subsidiaries for raised investment projects, It is agreed to increase the wholly-owned subsidiary airy optoelectronics as the implementation subject of "infrared thermal imaging terminal application product development and industrialization project" and open a special account, and use the raised funds to provide loans to airy optoelectronics for the implementation of raised investment projects.
For details, please refer to the announcement of Raytron Technology Co.Ltd(688002) on increasing the implementation subject of raised investment projects and using the raised funds to provide loans to wholly-owned subsidiaries for raised investment projects disclosed by the company on April 28, 2021 (Announcement No.: 2021-017).
On September 7, 2021, the company and its wholly-owned subsidiary Airui optoelectronics signed the four party supervision agreement on the storage of special account for raised funds with Citic Securities Company Limited(600030) and China Merchants Bank Co.Ltd(600036) Yantai Branch. Newly opened special account for raised funds: 535902463010805. As of December 31, 2021, the company has deposited, used and managed the raised funds in strict accordance with the provisions of the four party supervision agreement on the special account for the storage of raised funds. (II) storage of raised funds in special account
As of December 31, 2021, the specific deposit of raised funds is as follows:
Unit: RMB
Deposit method balance of bank account number of deposit bank
China Merchants Bank Co.Ltd(600036) Yantai Branch 535902368110711 current 35071230.45
China Construction Bank Corporation(601939) Yantai 37050166666000001364 current 2046738.46 development sub branch
Hua Xia Bank Co.Limited(600015) Yantai free trade 12656000000794608 current 41654174.99 District sub branch
China Merchants Bank Co.Ltd(600036) Yantai Branch 535902368110603 current 131638489.41
China Merchants Bank Co.Ltd(600036) Yantai Branch 535902463010606 current 648340.17
China Merchants Bank Co.Ltd(600036) Yantai Branch 535902463010805 current 16163637.50
Total 227222610.98
3、 Actual use of raised funds during the reporting period
(I) use of funds for projects invested with raised funds
The company uses the raised funds in strict accordance with the measures for the administration of raised funds of Listed Companies in Shanghai Stock Exchange. For the fund use of the company's raised investment projects in the reporting period, see the "comparison table of the use of raised investment funds" (see Annex 1).
(II) reasons for not reaching the planned progress
On August 23, 2021, the 21st Meeting of the second board of directors and the 15th meeting of the second board of supervisors deliberated and adopted the proposal on increasing the implementation location and extension of some raised investment projects, and agreed that the date for the technical transformation and expansion project of uncooled infrared focal plane chip to reach the expected usable state should be extended from March 2021 to December 2022, Reason for delay: after the funds raised for the uncooled infrared focal plane chip technology transformation and expansion project are received, in order to promote the completion and operation of the raised investment project as soon as possible, the company will speed up the construction speed and progress of the project as much as possible. However, affected by the epidemic of New Coronavirus pneumonia, the flow of personnel and the construction of the project have been greatly affected, and the construction cycle of civil engineering has been prolonged. By the end of the reporting period, 95.00% of the capital construction and plant civil works of the project have been completed, and the relevant auxiliary facilities are ready to start construction, with a capital investment ratio of 90.21%. This delay has no impact on the total scale of the project investment. In addition, due to the tight supply in the semiconductor industry and the slow resumption of work and logistics caused by the epidemic, the arrival time of some domestic and imported equipment has been delayed compared with the original plan. According to the current actual situation of the raised investment project, in order to safeguard the interests of the company and all shareholders, after careful consideration, the company plans to extend the construction period of the "uncooled infrared focal plane chip technology transformation and expansion project" to December 2022.
On August 23, 2021, the 21st Meeting of the second board of directors and the 15th meeting of the second board of supervisors deliberated and adopted the proposal on increasing the implementation location and extension of some raised investment projects, and agreed that the date for the development and industrialization project of infrared thermal imaging terminal application products to reach the expected usable state should be extended from March 2022 to December 2022, Reason for delay: after the funds raised for the infrared thermal imaging terminal application product development and industrialization project are received, in order to promote the completion and operation of the raised investment project as soon as possible, the company will speed up the construction speed and progress of the project as much as possible. However, affected by the epidemic of New Coronavirus pneumonia, the flow of personnel and the construction of the project have been greatly affected, and the construction cycle of civil engineering has been prolonged. Up to now, 90.00% of the capital construction and plant civil works of the project have been completed, and the relevant auxiliary facilities have entered the construction stage. It is planned to complete the plant completion acceptance in March 2022, with a capital investment ratio of 57.11%. This delay has no impact on the total scale of the project investment. At the same time, the company has started the procurement plan of relevant equipment. It is expected that the equipment will be installed and debugged in place as soon as possible after the completion of the plant, so as to reach the expected usable state. According to the current actual situation of the raised investment project, in order to safeguard the interests of the company and all shareholders, after careful consideration, the company plans to extend the construction period of the "infrared thermal imaging terminal application product development and industrialization project" to December 2022.
The impact of the postponement of some raised investment projects on the company: the company's "uncooled infrared focal plane chip technology transformation and expansion project" is expected to be officially put into use in December 2022, and the "infrared thermal imaging terminal application product development and industrialization project" is expected to be officially put into use in December 2022, but the project postponement does not change the investment content and total investment of the raised investment project, It will not have a substantial impact on the implementation of subsequent raised investment projects. The postponement of the raised investment project does not change the investment direction of the raised funds in a disguised manner and damage the interests of shareholders, will not have a significant adverse impact on the normal operation of the company, and is in line with the long-term development plan of the company.
(III) early investment and replacement of raised investment projects
During the reporting period, the company did not have any early investment and replacement of raised investment projects.
(IV) temporary replenishment of working capital with idle raised funds
On August 29, 2019, the first meeting of the second board of directors and the first meeting of the second board of supervisors of the company deliberated and approved the proposal on temporarily replenishing working capital with some idle raised funds, and agreed that the company, on the premise of ensuring that the construction progress of investment projects with raised funds is not affected, in order to improve the use efficiency of raised funds and reduce the financial cost of the company, Part of the company's temporarily idle raised funds with a total amount of no more than 80 million yuan (including 80 million yuan) to temporarily supplement working capital. The service life is no more than 12 months. The company can return the raised funds in advance according to the progress requirements of the raised investment project. The independent directors, the board of supervisors and the recommendation institution Citic Securities Company Limited(600030) of the company are not satisfied with this matter
