Securities code: 688135 securities abbreviation: Guangdong Leadyo Ic Testing Co.Ltd(688135) Announcement No.: 2022-018 Guangdong Leadyo Ic Testing Co.Ltd(688135)
Announcement on diluting the immediate return of issuing A-Shares to specific objects, the company’s filling measures and the commitments of relevant subjects (Revised Draft)
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.
Guangdong Leadyo Ic Testing Co.Ltd(688135) (hereinafter referred to as “the company”) intends to issue A-Shares (hereinafter referred to as “this issuance”) to specific objects. According to the relevant requirements of 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) 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), The company has analyzed the possible impact of this issuance on the shareholders’ equity of common shares and the immediate return, and put forward the measures to fill the return in combination with the actual situation. The relevant subjects have made a commitment to the practical implementation of the measures. The specific contents are as follows:
1、 Impact of this issuance on the company’s main financial indicators
(I) calculation assumptions and premises
1. It is assumed that this offering is expected to be completed in June 2022. The completion time is only used to calculate the impact of this issuance on diluted immediate return, and the final time shall be subject to the actual completion time registered by the CSRC.
2. Assuming that the number of shares issued this time does not exceed 20% of the total share capital of the company before the issuance, that is, no more than 2728000 shares, and assuming that the total amount of funds raised this time does not exceed RMB 1307.026 million, the impact of issuance expenses and so on will not be considered temporarily. When predicting the total share capital of the company, based on the number of shares issued this time, only the impact of the shares issued this time is considered, and the changes in share capital caused by conversion, repurchase, share payment and other factors are not considered. 3. The number of shares issued, the amount of funds raised and the issuance time are only assumptions based on the calculation purpose, and the final number of shares actually issued, the issuance result and the actual date shall prevail.
4. It is assumed that there are no significant changes in the macroeconomic environment, industrial policies, industrial development and product market.
5. This calculation does not take into account the impact on the company’s production and operation and financial status (such as financial expenses and investment income) after the funds raised by this issuance are received.
6. From January to September 2021, the net profit attributable to the shareholders of the parent company was 77.4945 million yuan, a year-on-year increase of 153.36%. After deducting non recurring profits and losses, the net profit attributable to the shareholders of the parent company was 73.4347 million yuan, a year-on-year increase of 155.03%. It is assumed that the net profit attributable to the shareholders of the parent company in 2021 and the net profit attributable to the shareholders of the parent company after deducting non recurring profits and losses will increase by 50% compared with 2020. It is estimated that 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 non recurring profits and losses will increase by 20%, 30% and 40% respectively compared with 2021.
7. It is assumed that the cash dividend amount of the company in 2022 is the same as that in 2021.
(II) impact on the company’s main financial indicators
Based on the above assumptions, the impact of this issuance on the company’s main financial indicators is calculated as follows:
The total amount of funds raised this time (10000 yuan) is 130702600 yuan
The number of shares issued to specific objects this time (10000 shares) is 2728.00
2021 / 2022 / December 31, 2022 project / December 31, 2021
Before and after the issue on March 31
Total share capital at the end of the period (10000 shares) 13640.00 13640.00 16368.00
Scenario 1: the net profit attributable to the common shareholders of the listed company in 2022 and the net profit attributable to the common shareholders of the listed company after deducting non recurring profits and losses increased by 20% compared with 2021
Owner’s equity attributable to the parent company at the beginning of the period (10000 yuan) 97637.75 100423.95 100423.95
Net profit attributable to common shareholders (10000 yuan) 7792.08 9350.50 9350.50
Net profit of 6860.09 8232.10 8232.10 attributable to shareholders of the listed company after deducting non recurring profits and losses (10000 yuan)
Current cash dividend (10000 yuan) 5005.88 5005.88 5005.88
Net assets increased by issuing to specific objects (10000 yuan) — 130702.60
Owner’s equity attributable to the parent company at the end of the period (10000 yuan) 100423.95 104768.57 235471.17
Basic earnings per share (yuan / share) 0.57 0.69 0.62
After deducting non recurring profit and loss, the basic earnings per share (yuan / share) is 0.50 0.60 0.55
Weighted average return on net assets: 7.87%, 9.11%, 5.57%
After deducting non recurring profits and losses, the weighted average return on net assets is 6.96%, 8.07% and 4.92%
Scenario 2: the net profit attributable to the common shareholders of the listed company in 2022 and the net profit attributable to the common shareholders of the listed company after deducting non recurring profits and losses increased by 30% compared with 2021
The total amount of funds raised this time (10000 yuan) is 130702600 yuan
The number of shares issued to specific objects this time (10000 shares) is 2728.00
2021 / 2022 / December 31, 2022 project / December 31, 2021
Before and after the issue on March 31
Owner’s equity attributable to the parent company at the beginning of the period (10000 yuan) 97637.75 100423.95 100423.95
Net profit attributable to common shareholders (10000 yuan) 7792.08 10129.70 10129.70
Net profit attributable to shareholders of listed company after deducting non recurring profit and loss (RMB 10000)
Current cash dividend (10000 yuan) 5005.88 5005.88 5005.88
Net assets increased by issuing to specific objects (10000 yuan) — 130702.60
Owner’s equity attributable to the parent company at the end of the period (10000 yuan) 100423.95 105547.77 236250.37
Basic earnings per share (yuan / share) 0.57 0.74 0.68
After deducting non recurring profit and loss, the basic earnings per share (yuan / share) is 0.50 0.65 0.59
Weighted average return on net assets: 7.87%, 9.84%, 6.02%
After deducting non recurring profits and losses, the weighted average return on net assets is 6.96%, 8.71% and 5.32%
Scenario 3: the net profit attributable to the common shareholders of the listed company in 2022 and the net profit attributable to the common shareholders of the listed company after deducting non recurring profits and losses increased by 40% compared with 2021
Owner’s equity attributable to the parent company at the beginning of the period (10000 yuan) 97637.75 100423.95 100423.95
Net profit attributable to common shareholders (10000 yuan) 7792.08 10908.91 10908.91
Net profit of 6860.09 9604.12 9604.12 attributable to shareholders of the listed company after deducting non recurring profits and losses (10000 yuan)
Current cash dividend (10000 yuan) 5005.88 5005.88 5005.88
Net assets increased by issuing to specific objects (10000 yuan) — 130702.60
Owner’s equity attributable to the parent company at the end of the period (10000 yuan) 100423.95 106326.98 237029.58
Basic earnings per share (yuan / share) 0.57 0.80 0.73
After deducting non recurring profit and loss, the basic earnings per share (yuan / share) is 0.50 0.70 0.64
Weighted average return on net assets: 7.87%, 10.55%, 6.47%
After deducting non recurring profits and losses, the weighted average return on net assets is 6.96%, 9.35% and 5.71%
Note: the basic earnings per share and weighted average return on net assets 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.
2、 Risk tips for diluted immediate return of this offering
After the funds raised in this offering are in place, the total share capital and net assets of the company will increase accordingly. Due to the certain construction period of the investment project with raised funds, the expected benefits cannot be realized in the short term, so the growth rate of the company’s net profit may be lower than that of net assets and total share capital in the short term. It is expected that the return of the company after this offering will be diluted.
The company’s assumptions on the relevant financial data of 2021 and 2022 are only used to calculate the relevant financial indicators, do not represent the company’s judgment on the operation and trend of 2021 and 2022, and do not constitute the company’s profit forecast or profit commitment. Investors should not make investment decisions based on the above assumptions, and the company will not be liable for losses caused by investors’ investment decisions.
Investors are hereby reminded to pay attention to the risk that this offering may dilute the immediate shareholder return.
3、 Necessity and rationality of this issuance
(I) enhance the company’s chip test supply capacity and enhance the market share
In recent years, China’s semiconductor industry has developed rapidly and is fiercely competitive. Taiwan, Semiconductor Manufacturing International Corporation(688981) , Huahong Hongli and Changjiang storage enterprises have invested heavily in the Chinese mainland. Changjiang storage completed mass production of 32-layer 64GB 3dnandflash by the end of 2018; Hefei Changxin officially put 8GB lpddr4 into operation in the third quarter of 2019; TSMC announced in 2021 that it had approved a capital budget of US $2.887 billion and planned to build 40000 pieces of 28nm capacity in Nanjing plant. The construction and operation of wafer manufacturers brings the actual demand for IC packaging and testing. At the same time, packaging and testing companies are also expanding and building factories to seize the market. The company’s raised investment project is conducive to strengthening the company’s chip test supply capacity to meet the rapidly growing market demand and further improve the company’s core competitiveness and market share.
(II) strengthen the independent third-party chip testing platform and enhance the company’s brand influence
In recent years, China’s integrated circuit industry chain has gradually developed and improved, but the IC testing link is still relatively weak compared with IC design, manufacturing and packaging. When electronic products enter high-performance CPU and D
