Kbc Corporation Ltd(688598) reply to the inquiry letter on the examination of application documents for issuing shares to specific objects Tian Zhi Ye Zi [2022] No. 10452
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Reply to the inquiry letter on the examination of application documents for issuing shares to specific objects 1 Kbc Corporation Ltd(688598) reply to the inquiry letter on the examination of application documents for issuing shares to specific objects
Tian Zhi Ye Zi [2022] No. 10452 Shanghai Stock Exchange:
According to the requirements of your inquiry letter on the examination of application documents for Kbc Corporation Ltd(688598) issuing shares to specific objects (szkss (refinancing) [2021] No. 121) (hereinafter referred to as the “inquiry letter”), As the reporting accountant of Kbc Corporation Ltd(688598) (hereinafter referred to as the “issuer” or “company” or ” Kbc Corporation Ltd(688598) “), Tianzhi International Certified Public Accountants (special general partnership) (hereinafter referred to as “we” or “reporting accountant”) replied to the relevant questions related to the reporting accountant in the inquiry letter one by one as follows:
Unless otherwise specified, the abbreviation used in this reply has the same meaning as that in the prospectus for the issuance of shares by Kbc Corporation Ltd(688598) to specific objects (draft declaration).
In the reply to this inquiry letter, if there is any difference in the mantissa between the sum of the total and the sub item values, it is caused by rounding.
Category font
Review the questions listed in the inquiry letter in bold
Reply to questions of audit inquiry letter and verification opinions of intermediary institutions in Song typeface (not bold)
Supplement and revise the contents disclosed in the prospectus; This round of questions (BOLD)
Amendment and supplement of inquiry letter
Question 3: about financing scale
The company plans to use 18025646 million yuan of the raised funds for the construction of the capacity expansion project of 1500 tons of high-purity large-scale advanced carbon matrix composites (project 1) and 8003517 million yuan for the construction project of Jinbo Research Institute (project 2). The issuer is requested to explain: (1) the investment details of the above two projects, including the specific contents and investment direction of engineering cost, construction cost, engineering construction cost, equipment purchase and installation cost, reserve fund and initial working capital, and the basis and fairness of relevant amount calculation; (2) The specific functions of the new projects 1 and 2 financed by large amount, whether there is a significant difference between the relevant product technology and the existing technology of the issuer, whether the main purpose of the construction project financed by the issuer is only to expand the production capacity, and further explain the necessity and rationality of the issuer’s large amount financing in combination with the above situation; (3) Calculate the impact of relevant depreciation and amortization on the company’s financial situation after the above two items reach the expected serviceable state; (4) After the completion of project 1, the impact on unit production cost and gross profit margin; (5) Project 1 process, basis and results of benefit calculation. The sponsor is requested to express clear opinions on the rationality of the calculation basis, process and results of the investment amount of each raised investment project, whether the benefit calculation results of the raised investment project are cautious and reasonable, and whether the amount of each raised investment project of the company exceeds the actual demand for raised funds.
Please report to the accountant for verification and comment.
Question reply:
1、 Description
(I) investment details of the above two projects, including engineering cost, construction cost, engineering construction cost, equipment purchase and installation cost, reserve fund and initial working capital, as well as the specific content and capital investment direction, relevant amount calculation basis and fairness
1. Capacity expansion project of high-purity large-scale advanced carbon matrix composites with an annual output of 1500 tons
The proposed investment amount of the capacity expansion project of high-purity large-scale advanced carbon matrix composites with an annual output of 1500 tons is as follows:
Unit: 10000 yuan
Proposed investment of the project
Construction cost 8382936
Equipment purchase and installation costs 5697235
Other expenses of project construction 2076810
Reserve fund 766586
Initial working capital 1100000
Total 18025646
(1) Details of proposed investment amount of construction engineering cost of raised investment project
The details of the proposed investment amount of construction engineering expenses are as follows:
Sequence item unit quantity unit price index item planned investment number (yuan / unit) (10000 yuan)
1 precast body workshop M23065040310 C.Q.Pharmaceutical Holding Co.Ltd(000950) 162
2 heat treatment workshop M264047553500 Goertek Inc(002241) 664
Workshop 310037 M2 processing machine
4 shift dormitory M223863204 China Baoan Group Co.Ltd(000009) 54528
5 canteen M2 99540040 China International Marine Containers (Group) Co.Ltd(000039) 8160
6 supporting room M2 900. Hangzhou Lianluo Interactive Information Technology Co.Ltd(002280) 00 205.20
7 fire pool and cooling pool M2 247 Xinjiang International Industry Co.Ltd(000159) 1787393171
8 HVAC works M23381720 500.00169086
9 weak current project M214595295 80.00116762
10 electrical engineering and power supporting M214595295 700.001021671
11 indoor water supply and drainage works M214595295 90.00131358
12 outdoor water supply and drainage works M218259020 85.00155202
13 greening works M22035881 310.00 631.12
14 road works M25539354 238.55132143
15 lighting works M218259020 30.00 547.77
16 parking spaces M2 573600 350.00 200.76
17 natural gas matching item 1.00400000000 400.00
18 enclosure works 1.0012000 Ping An Bank Co.Ltd(000001) 20000
19 foundation treatment M241662875 118.06491872
20 photovoltaic project item 1. Jinzai Food Group Co.Ltd(003000) 00 Fawer Automotive Parts Limited Company(000030) 0000
21 tail gas treatment project item 1.00800000000 800.00
22 buried garbage station M2 400.00400000 160.00
Total — 8382936
The above calculation of the building area and quantity of different functional divisions is determined in combination with the actual needs of the implementation of the project, construction planning and other factors. The unit price index is calculated according to the construction experience of the company and the quotation provided by the third-party design company (Hunan City University Design and research Institute Co., Ltd., a design and research unit with class a credit certificate of engineering consulting unit).
(2) Details of proposed investment amount of equipment purchase and installation expenses
Details of equipment purchase and installation costs are as follows:
Purpose serial number equipment name equipment budget total price
(10000 yuan)
1 network cable 660.00
2 crucible preparation machine 500.00
3 cylinder needling machine 396.00
4 air compressor 225.00
5 flat needle machine 216.00
Preform stage 6 oven waste gas treatment system 160.00
7 drying oven 144.00
8 carbon fiber loom 120.00
9 pre stabbing machine 80.00
10. Other equipment with a total price of no more than 500000 yuan is 19850 yuan in total
Subtotal 269950
1 high temperature heat treatment furnace 34,08
