Securities code: Jiangsu Yunyi Electric Co.Ltd(300304) securities abbreviation: Jiangsu Yunyi Electric Co.Ltd(300304) Announcement No.: 2022012 Jiangsu Yunyi Electric Co.Ltd(300304)
Announcement on investment in new energy power module R & D and industrialization projects
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.
1、 Investment overview
In order to actively respond to changes in the market environment and seize market opportunities, Jiangsu Yunyi Electric Co.Ltd(300304) (hereinafter referred to as "the company") plans to invest in the construction of new energy power module R & D and industrialization projects in Xuzhou high tech Zone, aiming to continuously optimize the company's product structure, enhance its comprehensive competitive strength and further enhance the company's overall profitability and sustainable development ability.
On March 9, 2022, the 17th meeting of the 4th board of directors and the 16th meeting of the 4th board of supervisors deliberated and adopted the proposal on investing in the construction project of new headquarters and R & D center, the proposal on investing in the R & D and industrialization project of new energy power module, and the proposal on investing in the R & D and industrialization project of new semiconductor discrete devices, According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the articles of association, the investment amount involved in the above investment matters has exceeded 50% of the company's latest audited net assets, which belongs to the decision-making authority of the general meeting of shareholders and needs to be submitted to the general meeting of shareholders for deliberation and approval. The board of directors requests the general meeting of shareholders to authorize the chairman of the company or his authorized person to handle subsequent matters related to project investment and construction.
This investment does not constitute a connected transaction, nor does it constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of investment projects
1. Project Name: new energy power module R & D and industrialization project;
2. Project implementation subject: Jiangsu Yunyi Electric Co.Ltd(300304) ;
3. Construction site: North Zhujiang Road and West Fumin Road, high tech Zone, Xuzhou City, Jiangsu Province (the specific location, boundary and area of the plot shall be subject to the reply of the natural resources and planning department);
4. Total investment of the project: the total planned investment of the project is about 399880600 yuan (excluding the land cost paid for bidding for land use rights), including construction project investment, equipment purchase and installation investment, initial working capital investment, etc. the final total investment of the project is subject to the actual investment and will be invested as needed according to the actual progress of the project;
5. Source of project funds: self raised funds;
6. Construction period of the project: it is expected that it will not exceed 36 months from the commencement of construction, and the actual construction situation will prevail;
7. Construction scale and content of the project: the total construction area of the project is about 40000 square meters (subject to the actual construction). It focuses on the technical R & D investment in new energy power modules, the purchase of production, test, auxiliary and other professional equipment, and the formation of large-scale production capacity of brushless fan power module, brushless water pump power module and other products. It is expected that after the completion of the project, the annual sales revenue will be about 500 million yuan and the total annual profit will be about 70 million yuan, which will contribute new revenue and profit growth points to the company and further improve the overall profitability of the company.
3、 Existing risks and their impact on the company
(I) investment purpose
Since its listing, the company has been deeply engaged in the R & D, production and sales of automotive intelligent core electronic products. It has a deep understanding of the upstream and downstream industrial chain, production process and user application environment, and has accumulated rich technical experience. With the vigorous development of brushless motor in communication, intelligent mobile equipment, automobile and other application fields, New opportunities for brushless motor industry. According to the existing technology accumulation and talent reserve, combined with the future strategic development plan, the company carries out R & D and application of the power module applied to the new energy brushless motor, and plans to continuously optimize the company's product structure and further improve the company's overall profitability through the implementation of the project.
(II) existing risks
1. The construction land of the investment project has not been obtained, and there are uncertainties in whether the land use right can be obtained, the final transaction price and the acquisition time. Therefore, there are still uncertainties in the construction of the project. The company will actively maintain close communication with relevant government departments and obtain land through public bidding procedures of government land bidding, auction and listing.
2. The capital of this investment project comes from self raised funds. The investment amount is large and the construction cycle is long. In the process of project construction, if the credit policy and the smoothness of financing channels change, the company may bear certain capital risks. In order to avoid and reduce the financial risk of project construction, the company will make full use of the advantages of listed companies to ensure fund operation and reduce construction costs. At the same time, the company will make overall planning for fund arrangement in project construction, establish a scientific and reasonable supervision mechanism, and improve the utilization efficiency of funds, so as to ensure the good operation of project funds and ensure the smooth implementation of the project.
3. During the implementation of the project, there may still be risks such as project delay, implementation less than expected and income less than expected due to the influence of changing factors such as market environment, national and industrial policies, operation management, intensified market competition and product market sales, so that there is a certain difference between the final realized income of the project and the expected value. Therefore, the company will comprehensively strengthen operation and management, improve management efficiency, strengthen and implement effective internal control and risk prevention mechanism, actively pay attention to the market environment, national and industrial policies, strengthen market research and judgment, and give full play to the advantages of cost control, so as to prevent and reduce relevant risks.
4. The total investment, construction period and other data involved in this investment project are estimated. The specific situation shall prevail, and the estimated number may be adjusted. There is certain uncertainty whether the implementation of the project can achieve the expected purpose and effect, which does not represent the company's prediction of future performance, nor does it constitute a performance commitment to investors, nor does it constitute a commitment to the amount of investment. The company will fulfill the obligation of information disclosure in time according to the follow-up progress of the project. Please invest rationally and pay attention to investment risks.
(III) impact on the company
The investment in the new R & D and industrialization project of new energy power module will help the company give full play to its technical advantages, form large-scale production capacity, effectively optimize the company's product structure and help the long-term and rapid development of the company's business. The implementation of the project will not have an adverse impact on the company's financial situation and production and operation, and will have a positive impact on the company's long-term development.
It is hereby announced
Jiangsu Yunyi Electric Co.Ltd(300304) board of directors
March 10, 2002
