Securities code: 002342 securities abbreviation: Juli Sling Co.Ltd(002342) Announcement No.: 2022-005 Juli Sling Co.Ltd(002342)
Announcement on investment in the project of steel wire and steel wire rope with an annual output of 100000 tons
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:
1. The investment amount, construction period, production capacity and other values involved in this investment are only reasonable estimates made under the current conditions in combination with the market environment. The actual implementation may be different from the expectation, which does not represent the company's expectation of future performance, nor does it constitute the company's performance commitment to investors.
2. The implementation progress and fund arrangement of this investment will be determined according to the specific situation of project implementation. There are certain uncertainties in the specific implementation content, progress and effect.
3. On October 13, 2021, the 23rd Meeting of the sixth board of directors of the company deliberated and approved the proposal on signing investment cooperation agreement with Mengzhou Municipal People's government, and agreed to invest in the construction of rigging science and Technology Industrial Park and the project with an annual output of 100000 tons of steel wire and 100000 tons of steel wire rope in Mengzhou City, Henan Province.
4. On October 25, 2021, the 24th Meeting of the sixth board of directors of the company deliberated and approved the proposal on the proposed investment in the establishment of a wholly-owned subsidiary. The company invested 120 million yuan of its own monetary capital to establish a wholly-owned subsidiary Juli Sling Co.Ltd(002342) (Henan) Co., Ltd. Up to now, the company has been incorporated.
5. On November 5, 2021, the 25th meeting of the sixth board of directors of the company deliberated and adopted the proposal on wholly-owned subsidiaries to participate in bidding for land use rights, It is agreed that the wholly-owned subsidiary Juli Sling Co.Ltd(002342) (Henan) Co., Ltd. will participate in the bidding of plot mzgt2021-5 on the east side of County Road 046, industrial agglomeration district, Mengzhou City, Henan Province with its own funds or self raised funds, and obtain the land use right of 506065.97 square meters.
1、 Overview of foreign investment
1. Basic information
According to the guidance of the company's development strategic planning, in order to further strengthen and enhance the company's continuous influence in the rigging industry and field, promote the high-quality development of the manufacturing industry and meet the needs of national industrialized supporting products, Juli Sling Co.Ltd(002342) (hereinafter referred to as "the company"), a wholly-owned subsidiary of Juli Sling Co.Ltd(002342) (Henan) Co., Ltd. (hereinafter referred to as "Henan Company"), plans to invest in the construction of the "annual output of 100000 tons of steel wire and steel wire rope project" (hereinafter referred to as "the project" and "this investment project"). The total investment of the project is expected to be 478.933 million yuan (including 438.796 million yuan of construction investment and 31.887 million yuan of initial working capital). The construction period is one year. The source of funds for the project is the company's own funds, bank loans or other financing methods. After the project is put into operation, the products will have high cost performance and competitiveness, which can improve the overall profitability of the company.
2. Consideration and voting
The proposal on the annual output of 10000 tons of steel wire rope and the relevant articles of association of Shenzhen East stock exchange were deliberated and passed at the 28th meeting of the board of directors on October 2, 2022.
3. This foreign investment does not constitute a connected transaction, nor does it constitute a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
4. The investment project has obtained the state-owned land use right of the corresponding plot and obtained the approval of relevant Chinese departments.
2、 Basic information of the implementation subject of the investment project
The investment project is implemented by Henan company, a wholly-owned subsidiary of the company, as the investment subject. The basic information is as follows:
Company name: Juli Sling Co.Ltd(002342) (Henan) Co., Ltd
Unified social credit Code: 91410883ma9kcntt1c
Type: limited liability company (sole proprietorship of legal person invested or controlled by non natural person)
Address: No. 1, middle section of Lianyuan Road, industrial cluster district, Mengzhou City
Legal representative: Yang Chao
Registered capital: 120 million yuan only
Date of establishment: October 28, 2021
Business scope: general items: manufacturing of metal wire rope and its products; Metal tool manufacturing; Sales of metal tools; Manufacturing of metal materials; Sales of metal materials; Manufacturing of metal fittings for construction; Engineering and technical research and test development; Technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; Underwater system and operation equipment manufacturing; Sales of underwater system and operation equipment; Research and development of marine engineering equipment; Offshore engineering equipment manufacturing; Manufacturing of diving rescue equipment; Diving rescue equipment sales; Intelligent basic manufacturing equipment manufacturing; Research and development of wind farm related systems; Sales of wind farm related equipment; Research and development of offshore wind power related systems; Sales of offshore wind power related equipment; Cecep Solar Energy Co.Ltd(000591) sales of heat utilization equipment; Metal structure manufacturing; Metal structure sales; Research and development of metal products; Sales of metal products; China trade agency: import and export of goods (except for the items that must be approved according to law, carry out business activities independently according to law with the business license)
3、 Basic information of investment project
1. Project Name: steel wire and wire rope project with an annual output of 100000 tons
2. Proposed address of the project: intersection of Lianhe Avenue and x046 County Road, industrial cluster area, Mengzhou City, Henan Province 3. Investment and benefits of the project construction
The total investment of the project is 478.933 million yuan, including 438.796 million yuan of construction investment and 31.887 million yuan of initial working capital; After completion, the annual sales revenue (excluding tax) will be 816 million yuan, the annual after tax profit will be 75.441 million yuan, the financial internal rate of return (after tax) will be 19.2%, and the investment profit rate will be 21.0%.
The capital of the project is 148933000 yuan, including 108.796 million yuan of construction investment, 31.887 million yuan of initial working capital and 8.25 million yuan of interest during the construction period.
4. Project construction period: 1 year
5. Project construction objectives
The project plans to widely adopt advanced technology, energy conservation, environmental protection and cleaner production; Continuous and heavy process to stabilize product quality and reduce labor intensity; Pay attention to environmental protection, safety and industrial hygiene, effectively treat pollutants in accordance with relevant national specifications and environmental protection requirements, and set up effective safety and health facilities in equipment and operation posts; The products have high cost performance, are competitive in the market, and the economic benefits are higher than the average level of the industry.
6. Product scheme
Name quantity (T / year)% remarks (purpose)
Heat treatment - phosphating semi-finished steel wire 35000 35.00% steel wire rope
Hot dip galvanized steel wire 15000 15.00% steel wire rope
Ordinary steel wire rope and rope 20000 20.00% rigging
Wire contact and compacted strand wire rope 10000 10.00% lifting
4V steel wire rope 15000 15.00% hoisting and construction machinery
Multi strand steel wire rope 5000 5.00% hoisting and construction machinery
Total 100000 100.00%
7. Equipment selection and scheme
The equipment of the project is selected according to the product program, and the equipment selection is combined with the production process. The main equipment selection principles are high degree of automation, energy saving and consumption reduction, stable and reliable equipment quality, economy and rationality.
According to the equipment status of Chinese steel wire rope manufacturers, the newly purchased equipment for this project, such as wire drawing, heat treatment and heat treatment + hot galvanizing, strand twisting and rope forming, is proposed to adopt all domestic equipment.
470 sets (pieces) of equipment are newly added to the project, including 342 sets (pieces) of main equipment. The main equipment are: wire rod surface treatment operation line (single line), straight wire drawing machine, lead bath heat treatment operation line, heat treatment + hot galvanizing line, strand stranding machine, hemp rope machine, testing machine, inserting machine and pressing machine, preform and forging three roll compaction device Steel wire rope pre tensioning production line, etc.
8. Profitability analysis
According to the project feasibility study report, the financial evaluation indicators of the project are as follows:
(1) . financial internal rate of return of the project. The financial internal rate of return of all investments is 19.20% (after tax); The net present value (ic = 12%) is 202.36 million yuan (after tax); The payback period of investment is 6.1 years (after tax, including construction period) and 5.5 years before tax.
(2) . the total annual profit is 100.588 million yuan; Average annual after tax profit: 75.441 million yuan; Investment profit margin: 21.00%.
9. Source of funds
The company's own funds, bank loans or other financing methods.
4、 Necessity and feasibility of this investment
1. Necessity
(1) The need of rapid development of national economy
With the rapid development of China's national economy, the demand for high-end steel wire and steel wire rope is increasing day by day in automobile, crane, elevator, high-speed railway and power industry, especially steel wire rope is a consumer product. With the construction of automobile, high-rise building, logistics, transportation and power, the demand for high-end steel wire rope is gradually increasing. For example, in the lifting industry, China is not only a large crane manufacturer, but also a powerful manufacturer. There are four Chinese brands among the world's top ten crane brands, and the other six have wholly-owned companies or joint ventures in China; Mining wire rope is continuously consumed and replaced in the process of mining and transportation; As a consumable product, steel wire rope has great market potential and broad prospects.
Juli Sling Co.Ltd(002342) (Henan) Co., Ltd. relies on the technical advantages of Sinosteel Products Institute, the raw materials advantages of Jigang, the regional advantages of central and Western markets and the capital advantages of listed enterprises. Through the product implementation of the project, it extends the industrial chain of steel products, optimizes the product structure of steel wire rope, and improves the added value of high-end steel wire and steel wire rope products (including rigging), It is necessary to meet the rapid development of the national economy.
(2) The need of industrialization development
The state has issued a series of policy support for wire rod deep processing, extending the industrial chain and improving the utilization rate of materials to meet the needs of national industrialization supporting products, such as made in China 2025, the industrial transfer Guidance Catalogue (2018 version) issued by the Ministry of industry and information technology, and the classification of strategic emerging industries (2018) (Order No. 23 of the National Bureau of Statistics) issued by the National Bureau of statistics The iron and steel industry adjustment and upgrading plan 2016-2020 (Ministry of industry and information technology, November 14, 2016), the industrial structure adjustment Guidance Catalogue (2019 version) of the national development and Reform Commission, especially the iron and steel industry adjustment and upgrading plan (2016-2020), pointed out that the investment should focus on innovation ability, green development, intelligent manufacturing, quality brand, variety development Extended services and capacity cooperation; The steel deep-processing industry has the characteristics of green circular low-carbon steel industry and advanced manufacturing industry, so it has attracted much attention.
On November 6, 2019, the national development and Reform Commission issued the Guiding Catalogue for industrial structure adjustment (2019 version). Compared with the Guiding Catalogue for industrial structure adjustment (2013 Revision), it clearly pointed out that the first sub item of "heat treatment lead bath furnace" in the 13th item of "machinery" in the "elimination" backward process and equipment clearly gave instructions and policy directions, That is, "except for the on-line heat treatment lead bath production line with lead liquid covering agent and negative pressure ventilation and dust removal environmental protection facilities for metal wire rope and its products", it has a policy guarantee for the use of lead bath quenching for the products of the project and improving the quality of high-end steel wire rope, which is of far-reaching significance for the development of the project.
The project produces high-performance steel wire and steel wire rope products, which is of great significance to resource conservation and industrial development. 2. Feasibility
(1) The company has the foundation of technology, R & D team and product application
The company has a rigging technology R & D base, a rigging production and manufacturing base and a rigging testing and experimental base (National CNAs laboratory); At the same time, it has a national enterprise technology center, a national testing center, Hebei sling engineering technology R & D center, a postdoctoral workstation and a strategic alliance for technological innovation in the sling industry; In recent years, China has edited 45 national standards and industrial standards for steel wire rope, steel wire rope and tie rod, which have filled the gaps in their technical conditions. Set up R & D centers and determine R & D projects in the headquarters, Shanghai and Tianjin respectively, such as the R & D center of the headquarters: all deep-sea geological winch, marine geophysical exploration node retraction and release system, traffic emergency equipment and semi submersible deep-sea fishing ground cable system; Shanghai R & D center: Research on the technology of cable crane and fiber cable replacing steel cable; Tianjin R & D center: deep sea mooring series, localization of marine physical control expander, lightweight modular trestle, offshore hoisting initial compensation system, etc.
Products are widely used in aviation, aerospace, military, nuclear power, wind power, stadiums, bridges, oceans, oil, steel, ships, mines and many other fields.
