Dongxing Securities Corporation Limited(601198)
About the use of some over raised funds by Shenzhen oney Electronics Co., Ltd
The verification opinion Dongxing Securities Corporation Limited(601198) (hereinafter referred to as ” Dongxing Securities Corporation Limited(601198) ” or “sponsor”) of the project of building the intelligent audio and video terminal production base of oni science and technology park serves as the sponsor of the initial public offering, listing and continuous supervision of Shenzhen oni Electronics Co., Ltd. (hereinafter referred to as “oni Electronics” or “company”), In accordance with the requirements of relevant laws, regulations and normative documents such as the measures for the administration of securities issuance and listing recommendation business, the Listing Rules of GEM stocks of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 2 – standardized operation of listed companies on GEM, Careful verification has been conducted on the project of oni electronics using some over raised funds to build the intelligent audio and video terminal production base of oni science and technology park. The verification results are as follows:
1、 Overview of raised funds
With the approval of the reply on Approving the registration of initial public offering of Shenzhen oneI Electronics Co., Ltd. (zjxk [2021] No. 3582) issued by China Securities Regulatory Commission (hereinafter referred to as “CSRC”), and with the consent of Shenzhen Stock Exchange, the company issued 30 million RMB common shares (a shares) for the first time, The par value of each share is 1.00 yuan, the issue price is 66.18 yuan / share, the total amount of funds raised is 1985400000.00 yuan, after deducting the relevant issuance expenses (excluding tax) of 184883351.50 yuan, the actual net amount of funds raised is 1800516648.50 yuan, of which the funds raised for the project are 808742700.00 yuan, exceeding the funds raised by 991773948.50 yuan. The above raised funds have been transferred to the designated account of the company on December 23, 2021, and have been verified by Lixin Certified Public Accountants (special general partnership), and the capital verification report (xksbz [2021] No. zb11564) was issued on December 24, 2021. The company has stored and managed the above raised funds in a special account in accordance with the regulations. After the raised funds are received, they are all deposited in the special account for raised funds, and signed the tripartite supervision agreement for raised funds with the sponsor and the bank with which the special account is opened.
2、 Basic information of investment projects with raised funds
According to the prospectus of Shenzhen oney Electronics Co., Ltd. for initial public offering and listing on the gem, the funds raised by the company’s public offering will be used to invest in the following projects:
Unit: 10000 yuan
No. project name total investment proposed to be invested in the implementation subject of raised funds
1. Intelligent video product production line construction project 29045.32 29045.32 Zhongshan huihaixin + oni video
2. Construction project of intelligent audio product production line 17903.12 17903.12 Zhongshan huihaixin + oni intelligent
3. Intelligent transformation project of PCBA production workshop 2146.25
order
4. Construction of intelligent audio and video product R & D center 12678.29 oni Electronics
project
5. Brand building and marketing channel upgrading project 14101.29
6. Supplementary working capital project 5000.00 onyi Electronics
Total 80874.27
Note 1: Zhongshan huihaixin is the abbreviation of Zhongshan huihaixin Technology Co., Ltd; Oney video is the abbreviation of oney video technology (Zhongshan) Co., Ltd; Onyi intelligent is the abbreviation of onyi Intelligent Technology (Zhongshan) Co., Ltd.
Note 2: the part of the net funds raised this time exceeding the amount required for the above project investment is the over raised funds.
3、 Details of the use plan of the over raised funds this time
(I) project overview
1. Project Name: intelligent audio and video terminal production base project of oni science and Technology Park
2. Project implementation subject: this project is jointly implemented by Sun Yat Sen huihaixin, o’nei video and o’nei intelligence of o’nei electronics. Among them, Zhongshan huihaixin is responsible for plant construction and other infrastructure contents, and o’nei video and o’nei intelligence are responsible for project operation.
3. The site of the project is No. 138 Lianfeng industrial land in Lianfeng Town, Zhongshan City, Guangdong Province. The company Sun Yat Sen huihaixin has obtained the real property right certificate of the land, and the certificate number is Yue (2020) Zhongshan real property right No. 0276514.
4. Construction scale: the land area of the project is 19130.06 square meters, and the planned construction area is 83772.20 square meters.
5. Construction content
The project will use the existing land of Zhongshan huihaixin that has obtained the land ownership for construction. The main construction contents of the project are: through the new plant and other ancillary buildings, as well as the basement, and the relocation of the production equipment of oni electronics’s leased plant in Shenzhen, Dongguan, Zhongshan and other places to the new plant, so as to form the convergence of scattered production capacity around the company, Realize centralized management, improve management efficiency and reduce management personnel, information and rental costs; At the same time, a series of advanced equipment are introduced to replace and update some of the existing old equipment, so as to improve the production intelligence and automation level of the company and improve the product quality.
6. Project construction cycle
The construction period of the project is 3 years (36 months).
Construction period of progress stage (month)
2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36
Preliminary preparation works of implementation scheme design project and equipment bidding infrastructure construction and decoration engineering equipment relocation and installation and commissioning equipment procurement and installation and commissioning personnel recruitment and training batch trial production acceptance completion
7. Project investment funds and sources
The total planned investment is 339.1886 million yuan, including 276.1238 million yuan of construction engineering cost, 45.2283 million yuan of equipment investment (including 29.2283 million yuan of the company’s original equipment net value), 7.9572 million yuan of other engineering construction costs and 9.8793 million yuan of reserve funds.
The source of funds is 309960300 yuan of the funds raised by the company’s initial public offering, and the net investment of the company’s original equipment is 29.2283 million yuan. The annual project investment plan is as follows:
Unit: 10000 yuan
Item No. total of T1, T2 and T3
1 construction works 16567.43 11044.95 27612.38
2 equipment input – 3472.83 1050.00 4522.83
2.1 equipment purchase and installation cost 450.00 1050.00 1500.00
2.2 net value of original equipment 2922.83
2.3 equipment relocation fee 100.00 00
3. Other expenses of project construction 477 43 318.29 795. seventy-two
4 reserve fund 511.35 445.08 31.50 987 ninety-three
The total investment of the project is 17556.21 15281.16 1081.50 33918.86
(II) necessity of project implementation
1. Meet the market demand for intelligent audio and video hardware products
At present, intelligent audio and video equipment is mainly used in video conference, live broadcast, security monitoring, entertainment and other scenes. The outbreak and spread of covid-19 epidemic in 2020 stimulated the surge in demand for video conferencing and other products in the short term, greatly promoted the popularization of remote ideas and the formation of remote habits, and promoted the good development of remote scene markets such as remote conferencing, distance education and telemedicine in the medium and long term. In the context of covid-19 epidemic in 2020, Tencent, Huawei and zoom launched free services to help enterprises solve office problems, laying the foundation for the number and consumption habits of enterprise customers for the development of cloud video conference. The emergence and development of cloud video conference has changed the pattern of the original traditional video conference industry. Since users no longer need to build a complete and complex video conference system, they only need to configure the corresponding video conference peripherals (cameras, microphones, display equipment and audio, etc.) according to their own needs, which will promote the rapid growth of the demand for video conference peripherals and usher in a good opportunity for the development of peripherals and terminal equipment manufacturers.
In the context of the popularity of 4G communication and operators’ speed-up and fee reduction, short video has become one of the Internet segments with the fastest growth in user scale with the advantages of low creation threshold, intuitive experience and rich content. The combination of audio and video hardware equipment and AI algorithm, based on the basic function of real-time communication in the era of traditional desktop computer, has more powerful functions such as real-time beauty, biometrics, panoramic splicing, noise reduction, echo cancellation, far-field sound pickup and so on, making the application scope and application scene of intelligent audio and video equipment more diverse.
The construction of the project focuses on the growing demand for intelligent audio and video equipment in the global market, combined with the integration and development trend of industry technology, and ensures the market position of the industry through the continuous upgrading of product technology.
2. Implement the company’s development strategy and improve the business layout
The company is a leading advanced manufacturing enterprise specializing in the R & D, production and sales of audio and video intelligent equipment in China. With the upgrading of industrial technology and the change of consumer demand, the company closely focuses on the field of intelligent audio and video hardware equipment, adheres to market orientation and customer service, The company has formulated the strategic direction of “audio-visual hardware + intelligence + application scenario”, focusing on smart home, Internet of vehicles, smart office and other market segments in the consumer Internet of things. The company will seize the development opportunities in the fields of 5g network, big data, cloud computing and artificial intelligence, continue to meet the needs of the market and customers from its own reality, and continue to provide the market and customers with consumer electronics products with beautiful design, excellent quality and innovation by relying on its fast responding supply chain system, excellent quality management ability and strong R & D strength, Expand the production scale and improve the market share of products and the profitability of the company. The construction and implementation of the project will contribute to the expansion of the company’s intelligent audio and video hardware business scale and the continuous improvement of product layout, which is in line with the company’s established development ideas.
3. Enhance automation level and optimize production process
At present, the company’s manual production line in the consumer electronics industry has the disadvantages of high labor cost and low production efficiency. With the rising labor costs and the arrival of the industrial 4.0 era, the company will comprehensively accelerate the pace of technological transformation and upgrading, and further improve the production efficiency and process level.
High intelligent equipment to form an intelligent automatic production line, so as to form an effective connection between independent production equipment, improve production and operation efficiency and save labor cost; At the same time, further improve the degree of production automation and precision, improve the process level and product quality, and lay the foundation for the long-term sustainable development of the company. 4. Reduce the company’s rental cost and improve management efficiency and profitability
At present, the company’s production capacity is mainly distributed in many factory areas such as Shenzhen, Dongguan and Zhongshan. The geographical location is relatively scattered, which is not conducive to centralized management. The company needs to pay a lot of expenses for network communication, transportation and travel every year, as well as undertake relatively high factory costs
