Luxshare Precision Industry Co.Ltd(002475)
Feasibility analysis report on the use of funds raised by non-public offering of shares in 2022
Luxshare Precision Industry Co.Ltd(002475) (hereinafter referred to as “the company”) plans to conduct a non-public offering of shares (hereinafter referred to as “this offering” or “this non-public offering”). The feasibility analysis of the use of the raised funds is as follows (unless otherwise specified, the relevant abbreviations in this report have the same meaning as in the 2022 non-public development bank stock plan):
1、 The use plan of the funds raised in this non-public offering
The total amount of funds raised in this non-public offering does not exceed 1.35 billion yuan. After deducting the issuance expenses, it is proposed to use them all for the following projects:
Unit: 10000 yuan
No. project name total amount of proposed investment amount of proposed raised funds
1. Intelligent wearable device product line construction and technology upgrading project 350000.00 350000.00
2. Construction project of intelligent mobile terminal precision parts and components production line 270000.00 270000.00
3. Construction project of high voltage connection system production line for new energy vehicles 150000.00 150000.00
4. Semiconductor advanced packaging and test product production line construction project 95000.00 95000.00
5. Construction project of intelligent mobile terminal display module product production line 205000.00 80000.00
6. Intelligent vehicle connection system product production line construction project 50000.00 50000.00
7. Supplementary working capital 355000.00 355000.00
Total 147500.00 1350000.00
Before the funds raised in this offering are in place, the company will invest with self raised funds according to the actual situation of the investment projects with raised funds, and replace them after the raised funds are in place. After the raised funds are in place, if the actual net amount of raised funds after deducting the issuance expenses is less than the total amount of raised funds to be invested, the insufficient part of raised funds shall be solved by the company’s self raised funds. On the premise of not changing the investment project of the raised funds, the board of directors of the company can appropriately adjust the investment sequence and amount of the raised funds of the above projects according to the actual needs of the project.
If the total amount of funds raised in this non-public offering is adjusted due to changes in regulatory policies or the requirements of the issuance registration documents, it will be adjusted accordingly at that time.
2、 Fund raising projects
(I) project situation
1. Intelligent wearable device product line construction and technology upgrading project
(1) Basic information of the project
① Project Name: intelligent wearable device product line construction and technology upgrading project.
② Project implementation subject: Lixun Zhizao (Zhejiang) Co., Ltd. the basic information is as follows:
Company name: Lixun Zhizao (Zhejiang) Co., Ltd
The registered capital is 730 million yuan
Legal representative: Li Jiayi
Date of establishment: April 8, 2019
Registered address: Building 1, No. 66, Liuhe Road, Yaozhuang Town, Jiashan County, Jiaxing City, Zhejiang Province
General items: production, R & D and sales: business scope and accessories, molds and intelligent equipment of electronic components, communication equipment and computer equipment, and provide after-sales service of the above products; Self support and agency of import and export business of various commodities and technologies; Technical development and service of computer software. (except for the items that must be approved according to law, the company shall independently carry out business activities according to law with its business license).
Relationship with the issuer Jiashan Zhizao is a wholly-owned subsidiary of Luxshare Precision Industry Co.Ltd(002475)
③ Project construction site: Yaozhuang Town, Jiashan County, Jiaxing City, Zhejiang Province.
④ Application field of project products: after the completion of the project, it will mainly focus on the R & D, production and sales of intelligent wearable devices and modules, and relevant products will be mainly used in the field of consumer electronic mobile terminals.
⑤ Project construction period: 2 years.
(2) Project investment estimate
The total investment of the project is 350 million yuan, of which the construction investment is 3437.2969 million yuan and the initial working capital is 62.7031 million yuan, all of which are solved through the raised funds. The investment estimate is as follows:
Unit: 10000 yuan
S / N expense name investment amount in total investment proportion
1. Construction investment 343729.69 98.21%
1.1 equipment procurement cost 343729.69 98.21%
2. Initial working capital 6270.31 1.79%
S / N expense name investment amount in total investment proportion
Total project investment 350000.00 100.00%
(3) Economic benefit evaluation of the project
After calculation, the after tax internal rate of return of the project is 19.48%, and the after tax static investment payback period (excluding the construction period) is 5.17 years.
(4) Project approval items
The project is planned to be implemented by leasing land. At present, relevant procedures such as project filing and environmental assessment are being performed.
2. Construction project of intelligent mobile terminal precision parts and components production line
(1) Basic information of the project
① Project Name: construction project of intelligent mobile terminal precision parts and components production line.
② Project implementation subject: Lixun Zhizao Technology (Changshu) Co., Ltd. the basic information is as follows.
Company name: Lixun Zhizao Technology (Changshu) Co., Ltd
The registered capital is 130 million yuan
Legal representative: Li Wei
Date of establishment: October 24, 2019
Registered address: No. 189, Yangzi River Avenue, Bixi street, Changshu
Licensed items: import and export of goods; Technology import and export (for projects that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business projects shall be subject to the approval results) general projects: research and development of special electronic materials; Manufacturing of special electronic materials; Sales of electronic special materials; Manufacturing of electronic components; Wholesale of electronic components; Retail of electronic components; Sales of electronic products; Manufacturing of other electronic devices; Motor manufacturing; Manufacture of transformers, rectifiers and inductors; Manufacturing of auto parts and accessories; Research and development of auto parts; Wholesale of auto parts; Retail of auto parts; Machining of mechanical parts and components; Sales of mechanical parts and components; Business scope of metal products research and development; Sales of metal products; Hardware product R & D; Hardware product manufacturing; Retail of hardware products; Wholesale of hardware products; Research and development of new material technology; Plastic products manufacturing; Sales of plastic products; Manufacturing of rubber products; Sales of rubber products; Mold manufacturing; Mold sales; Plastic surface treatment; Metal cutting services; Metal surface treatment and heat treatment processing; Manufacturing of electronic components and electromechanical components; Sales of electronic components and electromechanical components and equipment; Manufacturing of power electronic components; Sales of power electronic components; Wearable intelligent device manufacturing; Sales of wearable smart devices; Manufacturing of communication equipment; Sales of communication equipment; Optoelectronic device manufacturing; Sales of optoelectronic devices; Manufacturing of special equipment for rubber processing; Sales of special equipment for rubber processing; Technical services
Technology development, technical consultation, technical exchange, technology transfer and technology promotion; Non residential real estate leasing; Manufacturing of computer software, hardware and peripheral equipment (except for the items subject to approval according to law, carry out business activities independently according to law with business license).
Relationship with the issuer Changshu Lixun is a wholly-owned subsidiary of Luxshare Precision Industry Co.Ltd(002475)
③ Project location: Changshu City, Suzhou City, Jiangsu Province.
④ Application field of project products: after the completion of the project, it will mainly focus on the R & D, production and sales of precision components of intelligent mobile terminals, and relevant products will be mainly used in the fields of consumer electronics and automobiles.
⑤ Project construction period: 2 years.
(2) Project investment estimate
The total investment of the project is 2700 million yuan, including 2672.5071 million yuan of construction investment and 27.4929 million yuan of initial working capital, which are all solved through this fund-raising. The investment estimate is as follows:
Unit: 10000 yuan
S / N expense name investment amount in total investment proportion
1. Construction investment 267250.71 98.98%
1.1 equipment procurement cost 175155.35 64.87%
1.2 buildings 92095.36 34.11%
2. Initial working capital 2749.29 1.02%
Total investment 270000.00 100.00%
(3) Economic benefit evaluation of the project
After calculation, the after tax internal rate of return of the project is 24.33%, and the after tax static investment payback period (excluding the construction period) is 4.91 years.
(4) Project approval items
The project is planned to be implemented in the form of self useful land. At present, relevant procedures such as project filing and environmental assessment are being performed.
3. New energy vehicle high voltage connection system product production line construction project
(1) Basic information of the project
① Project Name: new energy vehicle high voltage connection system product production line construction project.
Company name Luxshare Precision Industry Co.Ltd(002475) industry (Jiangsu) Co., Ltd
The registered capital is 50 million yuan
Legal representative: Li Jing
Date of establishment: April 29, 2020
Registered address: No. 395 Beijing Centergate Technologies (Holding) Co.Ltd(000931) Avenue, Kunlun Street, Liyang City
Licensed items: Road cargo transportation (excluding dangerous goods); Import and export of goods; Technology import and export (for projects that must be approved according to law, business activities can be carried out only after being approved by relevant departments, and the specific business items shall be subject to the approval results) general items: manufacturing of auto parts and accessories; Business scope: manufacturing of sub components; Computer software, hardware and peripheral equipment system
