“Luxury fixed increase group” appears again!
On December 26, Yunnan Aluminium Co.Ltd(000807) disclosed the fixed growth results of RMB 3 billion, with the participation of CAITONG fund, Nord fund, Huaxia Fund, Jinglin assets, Guotai Junan Securities Co.Ltd(601211) , JPMorgan and other well-known institutions.
Yunnan Aluminium Co.Ltd(000807) constant increase result
“luxury fixed increase group” appears
On December 26, Yunnan Aluminium Co.Ltd(000807) disclosed the fixed increase results. The issuance price of the fixed increase was 8.83 yuan / share, and the total amount of raised funds was about 3 billion yuan. Among them, the central enterprise rural industry investment fund Co., Ltd. was allocated nearly 500 million yuan and Aluminum Corporation Of China Limited(601600) was allocated nearly 320 million yuan.
At the same time, there are many public funds, securities companies, private placement, insurance capital and foreign capital involved. CAITONG fund, Nord fund and Huaxia Fund were allocated 279 million yuan, 166 million yuan and 93.5 million yuan respectively; The subscription amount of Guotai Junan Securities Co.Ltd(601211) and China Galaxy Securities Co.Ltd(601881) exceeded 200 million yuan, and the subscription amount of Great Wall Guorui was 158 million yuan; The total subscription of the two products under the 100 billion private placement of Jinglin assets is about 210 million yuan. In addition, JPMorgan, Barclays Bank and AIA all subscribed 80 million yuan.
According to the latest stock price of Yunnan Aluminium Co.Ltd(000807) of 11.31 yuan, the book profit of the investors participating in the fixed increase of Yunnan Aluminium Co.Ltd(000807) has risen by 28%.
In addition, it is worth noting that among the issuing objects, there is a natural person “Tan Ruiqing” to attract everyone’s attention. Tan Ruiqing’s subscription amount is as high as 265 million yuan, which weighs on a number of well-known institutions. Who is this? According to the announcement, Tan Ruiqing’s residence is located in Zhengzhou City, Henan Province.
According to the investigation, the vice chairman of Lb Group Co.Ltd(002601) is also Tan Ruiqing, also from Henan. According to public data, Tan Ruiqing once served as department manager of Henan chemical import and export company, assistant to the general manager of China Power (Henan) import and export company, and vice chairman of Haoke chemical. Vice chairman of Lb Group Co.Ltd(002601) since July 2002. He is currently the vice chairman of Henan baillian Chemical Co., Ltd., executive director and general manager of Yintai investment, and director of Yinke chemical.
According to the Hurun rich list, the wealth of Tan Ruiqing and Zhang Xiaolin in 2021 was 12.5 billion yuan, ranking 582. In April 2021, Tan Ruiqing ranked 2141 on the Forbes Global rich list with a wealth of US $1.4 billion.
part of the funds are used for the hydropower aluminum integration project
improve the overall profitability of the company
Yunnan Aluminium Co.Ltd(000807) said that the total amount of funds to be raised by this non-public offering of shares does not exceed 3 billion yuan. The net amount of funds raised after deducting the issuance expenses is to be fully invested in the green low-carbon hydropower aluminum material integration project of Yunnan Wenshan Aluminum Industry Co., Ltd., supplement working capital and repay bank loans. The business structure of the company will not change significantly due to this issuance.
After the completion of the green low-carbon hydropower aluminum material integration project of Yunnan Wenshan Aluminum Co., Ltd. Yunnan Aluminium Co.Ltd(000807) will increase the production capacity of 500000 tons of primary aluminum per year and improve the overall profitability of the company. It is estimated that after the project is put into operation, the annual average new operating income will be about 5.692 billion yuan and the annual average after tax profit will be about 327 million yuan. The financial internal rate of return (after tax) of the project is 12.02%, and the investment payback period is 8.52 years (after tax, including construction period), with good economic benefits.
After the non-public offering, the company plans to use 900 million yuan of the raised funds to supplement working capital and repay bank loans, so as to optimize the company’s capital structure, meet the capital needs of the company’s future business development, reduce financial expenses, and improve the company’s profitability and sustainable profitability.
Yunnan Aluminium Co.Ltd(000807) said that after the funds raised by this non-public offering are in place, the total assets and net assets of the company will increase at the same time, the asset liability structure of the company will become more stable, the asset liability ratio will decrease, and the capital strength of the company will be effectively improved, which is conducive to reducing the financial risk of the company, improving the solvency of the company, and providing a strong guarantee for the subsequent development of the company. The raised funds will provide strong support for the company’s subsequent development, and the company’s future development strategy will be effectively supported. It is expected that the company’s operating revenue and profitability will be improved after the implementation of the raised investment project.
After this non-public offering, among the top ten shareholders of the company, Yunnan Metallurgical Group Co., Ltd. is still the largest shareholder of the company; Tan Ruiqing Xinjin became the fifth largest shareholder of the company, with a shareholding ratio of 0.89%; Guotai Junan Securities Co.Ltd(601211) , Galaxy Securities and Xinjin became the seventh and eighth largest shareholders; Jinglin Fengshou No. 3 private equity fund under Jinglin assets became the tenth largest shareholder, accounting for 0.42%.
affected by the policy of “dual control of energy consumption”
Yunnan Aluminium Co.Ltd(000807) limited capacity
The main business of Yunnan Aluminium Co.Ltd(000807) is bauxite mining, alumina production, aluminum carbon product production, aluminum smelting and aluminum product processing. In recent years, on the basis of maintaining the market competitiveness of main products such as high-quality aluminum ingots, aluminum alloys, electrical round aluminum rods, aluminum plates, strips, foils and carbon products, the company has more obvious scale advantages. At the same time, it is committed to expanding the application of aluminum and upgrading to medium and high-end products. The contribution of new products to improving the company’s profitability has gradually emerged, and the product structure has been continuously optimized. The actual controller of Yunnan Aluminium Co.Ltd(000807) is the SASAC of the State Council.
On December 7, Yunnan Aluminium Co.Ltd(000807) said on the investor interaction platform that in September 2021, the relevant departments of Yunnan Province issued a notice on resolutely doing a good job in energy consumption dual control. Affected by the “energy consumption dual control” policy of Yunnan Province, the company’s production capacity was limited to a certain extent. The company is strengthening communication and coordination with relevant departments to strive for the resumption of limited production capacity as soon as possible.
Subsequently, Yunnan Aluminium Co.Ltd(000807) replied again that Yunnan Province where the company is located is rich in hydropower energy and is vigorously developing renewable energy such as wind power and photovoltaic power generation, which provides guarantee for the company’s production and power consumption. At the same time, the company is cooperating with power generation enterprises with professional advantages, The other party will invest in the construction of distributed photovoltaic power generation and decentralized wind power generation projects on the idle land and plant roof of the company’s subordinate enterprises, so as to further broaden the company’s green power guarantee channels.
At present, Yunnan Aluminium Co.Ltd(000807) two subordinate enterprises have signed cooperation and development agreements for green power new energy projects with power enterprises with professional advantages. The other party invests in the construction of distributed photovoltaic power generation projects in the sites of subordinate enterprises of the company, with a total installed capacity of about 67000 kW and an annual supply of green and clean power of about 80 million kwh, All green and clean power provided by the project is consumed locally. In the next step, Yunnan Aluminium Co.Ltd(000807) will make full use of the roof, slope and idle space of its subordinate enterprises to implement distributed photovoltaic and decentralized wind power generation projects, and vigorously improve the utilization level of renewable energy such as wind power and photovoltaic power generation. It is expected that the total installed capacity of the company, its subordinate enterprises and power enterprises will exceed 200000 kW, It provides about 240 million kwh of green and clean power every year.
At the same time, for the concerns of investors, Yunnan Aluminium Co.Ltd(000807) has repeatedly said on the interactive platform, “the company has no lithium battery business and lithium mineral resources. The high-precision and ultra-thin aluminum foil produced by the company is used in the production of lithium batteries.”
According to the data of the third quarterly report, the company realized an operating revenue of 32.122 billion yuan in the first three quarters, a year-on-year increase of 61.47%; The net profit was 3.232 billion yuan, a year-on-year increase of 466.69%.
In terms of stock price performance, the stock price fluctuated and rose in the first three quarters of this year, and the stock price rose nearly 200%, but it began to fall rapidly after reaching a new high on September 16. So far, the share price of the stock has fallen by more than 48% in more than three months, almost halving. At present, the stock is reported at 11.32 yuan, with a total market value of 39.257 billion yuan.
(China Fund News)
