Securities code: Beijing Tongtech Co.Ltd(300379) securities abbreviation: Beijing Tongtech Co.Ltd(300379) Announcement No.: 2022005 Beijing Tongtech Co.Ltd(300379)
Issue shares to specific objects
Feasibility analysis report on the use of raised funds
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.
Beijing Tongtech Co.Ltd(300379) (hereinafter referred to as " Beijing Tongtech Co.Ltd(300379) " or "the company") intends to issue shares to specific objects to raise funds of no more than RMB 2200 million (inclusive). According to the provisions of the measures for the administration of securities issuance and registration of companies listed on the gem (for Trial Implementation) issued by the China Securities Regulatory Commission, the feasibility analysis of the company's use of the funds raised by issuing shares to specific objects is as follows: I. The use plan of the funds raised this time
The total amount of funds raised by the company in issuing shares to specific objects this time does not exceed 2200 million yuan. After deducting the issuance expenses, it is planned to use them all for the following projects:
Unit: 10000 yuan
No. project name total investment amount is proposed to be invested by the raised funds
1. Excellent capability improvement project of Tong series middleware products 1273510510577505
2. Next generation sustainable operation safety 84643356422495 product development project based on Artificial Intelligence
3. Supplementary working capital 50 Shenzhen Fountain Corporation(000005) 000000
Total 2619944022000000
Before the funds raised in this offering are in place, the company can invest in advance with self raised funds according to the actual situation of the implementation progress of the investment project with raised funds, and replace them after the raised funds are in place. After the funds raised in this offering are in place, if the actual net amount of funds raised is less than the total amount of funds required to be invested in the above-mentioned investment projects with raised funds, the company will adjust and finally determine the specific investment composition and priority of each part of the projects with raised funds according to the actual net amount of funds raised. The insufficient part of raised funds shall be solved by the company with its own funds or through other financing methods. 2、 Feasibility analysis of the project invested by the raised funds
(I) necessity of using raised funds
1. Meet the capital needs of the company's business scale expansion
From 2018 to 2020, the company achieved operating revenue of 372052300 yuan, 499969900 yuan and 640337800 yuan respectively, showing a rapid growth trend. With the continuous advancement of national independent control and information security strategy, as well as the promotion and application of new generation Internet technologies such as cloud computing, big data, artificial intelligence, 5g and Internet of things, safe and reliable domestic software will be widely used in key fields such as government, finance, telecommunications, energy, transportation and military industry, and the market scale is in a trend of continuous growth. With the continuous improvement of the company's technical strength and product structure, the business scale will grow steadily, and the demand for working capital will increase day by day. The existing working capital is difficult to meet the working capital demand of the company's future business development. Therefore, the company's funds raised this time are used to supplement working capital, which will help reduce the company's financial cost, alleviate the capital pressure of the company's daily operation, provide favorable guarantee for the future expansion of the company's business scale, and further improve the company's sustainable profitability. 2. Provide strong guarantee for product research and development
The software industry is a technology innovation industry with high technical barriers and high requirements for the continuous R & D ability of products and the professional ability and practical experience of the R & D team. In addition, with the popularization and application of new generation Internet technologies such as cloud computing and big data, customers' application systems show the trend of frequent demand changes and fast version release, and put forward new requirements for real-time and reliable data collection, efficient processing, automatic inspection and continuous improvement of data quality. Software enterprises need to continuously integrate cutting-edge technologies into new products to complete the continuous iteration of products, and realize the efficient compatibility between new technologies and customers' existing application systems. They all need to ensure continuous R & D investment.
The company has always attached great importance to product R & D and technological progress, and is committed to improving the competitiveness of the company through continuous technological innovation. From 2018 to 2020, the company's R & D expenses were 703692 million yuan, 997036 million yuan and 1749612 million yuan respectively, accounting for 18.91%, 19.94% and 27.32% of the operating revenue respectively. A large amount of R & D capital investment will still be needed in the future. This issuance will help to provide financial guarantee for the company to improve its R & D strength, enhance its core competitiveness, and consolidate and enhance the company's leading position in the industry.
3. Improve the company's anti risk ability
In daily production and operation, the company may face various risk factors such as macroeconomic fluctuations, changes in market environment, intensified industrial competition and product technology development risks. If there are major adverse changes in the market or other force majeure factors in the future, maintaining a certain level of working capital can improve the company's risk resistance. At the same time, under the favorable market environment, maintaining a certain level of working capital will also help the company seize the market opportunity and avoid missing development opportunities due to capital shortage.
(II) feasibility of using raised funds
1. The use of the funds raised in this offering complies with the provisions of laws and regulations and the needs of the company's own development
The use of the funds raised by this issuance of the company complies with relevant policies, laws and regulations and is feasible. At the same time, the funds raised in this issuance will effectively enhance the capital strength of the company, help to enhance the R & D investment and business layout of the company in the fields of basic software and information security, expand the business scale of the company, enhance the core competitiveness of the company, and further consolidate and enhance the market position.
2. The issuer has standardized corporate governance and improved internal control
According to the governance standards of listed companies, the company has established a modern enterprise system with the corporate governance structure as the core, improved various rules and regulations and internal control systems, and formed a more standardized corporate governance system and perfect internal control environment through continuous improvement and improvement. In terms of the management of raised funds, the company has established the management system of raised funds in accordance with the regulatory requirements, which clearly stipulates the storage, use, investment direction change, inspection and supervision of raised funds. After the funds raised in this offering are in place, the board of directors of the company will continue to supervise the storage and use of the raised funds to ensure the rational and standardized use of the raised funds.
3、 The impact of the use of the raised funds on the operation, management and financial status of the company
(I) the impact of the use of the raised funds on the operation and management of the company
The funds raised in this issuance will effectively enhance the company's capital strength, help to enhance the company's R & D investment and business layout in the fields of basic software and information security, expand the company's business scale, improve the overall operation ability and service level, enhance the company's core competitiveness, further consolidate and enhance the market position, which is in line with the company's long-term development strategy and the interests of shareholders.
(II) impact of the use of the raised funds on the company's financial situation
After the raised funds of this issuance are in place, the total assets and total net assets of the company will increase at the same time, the capital structure will be optimized, and the working capital will be effectively supplemented. At the same time, it is conducive to reducing the financial risk of the company, improving the anti risk ability, and providing a strong guarantee for the subsequent sustainable development of the company. 4、 Conclusion of feasibility analysis of investment projects with raised funds
In conclusion, the board of Directors believes that the investment project of the company's raised funds meets the requirements of relevant policies, laws and regulations and the needs of the company's business development. The rational use of the raised funds will bring good economic benefits to the company, enhance the comprehensive competitiveness of the company and promote the sustainable development of the company. Therefore, the investment project of the raised funds is reasonable and feasible, which is in line with the interests of the company and all shareholders.
It is hereby announced.
Beijing Tongtech Co.Ltd(300379) board of directors March 1, 2022
