Securities code: Kangda New Materials(Group) Co.Ltd(002669) securities abbreviation: Kangda New Materials(Group) Co.Ltd(002669) Kangda New Materials(Group) Co.Ltd(002669) material (Group) Co., Ltd
KANGDA NEW MATERIALS （GROUP） CO., LTD.
(registered address: No. 169, Leizhou Road, Fengxian District, Shanghai)
Non public offering of a shares
Feasibility analysis report on the use of raised funds
March, 2002
1、 Use plan of the raised funds
The total amount of funds raised from the non-public offering of A-Shares is not more than 70 million yuan (including 70 million yuan). After deducting the issuance expenses, it will be invested in the “30000 T / a adhesive and upstream and downstream new material project of Tangshan Fengnan Kangda chemical new material Co., Ltd.” “Fujian Kangda Xinyu New Material Co., Ltd. has an annual output of 30000 tons of adhesive new material series products” and supplementary working capital. The details are as follows:
Investment amount of the project invested by the raised funds (10000 yuan) amount of the raised funds to be used (10000 yuan) No
Tangshan Fengnan Kangda new chemical material Co., Ltd
1 company’s 30000 T / a adhesive and upstream and downstream new 50569832750000 material project
Fujian Kangda Xinyu New Material Co., Ltd
2. 30000 tons of adhesive new material series product items 52670962750000 items
3. Supplementary working capital 1500000
Total 103240797000000
After the funds raised from this non-public offering are in place, if the actual net amount of funds raised is less than the above amount of funds to be invested, the insufficient part of the funds raised shall be solved by the company with its own funds or through other financing methods. If the self raised funds of the company are put in place before the self raised funds of the company are put into the development of the project, the self raised funds will be put into the project first according to the planning. The company will deposit the raised funds in the special account determined by the board of directors for centralized management and special use according to the special account storage system of raised funds. 2、 Basic information of investment projects with raised funds
(I) 30000 T / a adhesive and upstream and downstream new materials project of Tangshan Fengnan Kangda chemical new materials Co., Ltd
1. Project investment estimate
The total investment of the project is 5056983 million yuan, including 4593232 million yuan of construction investment, 178873 million yuan of interest during the construction period, 284878 million yuan of initial working capital, and 275 million yuan of raised capital to be used, as follows:
No. investment category investment amount (10000 yuan) proportion
1、 Construction investment 4593232 90.83%
1. Construction cost 2112481 41.77%
2. Equipment purchase cost 777569 15.38%
3. Installation cost 872656 17.26%
4 other expenses 830525 16.42%
Interest during the second construction period 178873 3.54%
3. The working capital of land paving 284878 5.63%
Total 5056983 100.00%
2. Expected benefits of the project
It is estimated that the annual sales revenue of normal production is 6330468 million yuan (excluding tax), the annual net profit is 512119 million yuan, the internal rate of return of equity investment is 34.50%, and the expected benefits of the project are good.
3. Project construction site
The construction site of the project is the chemical industry park of Fengnan Economic Development Zone, Tangshan City, Hebei Province.
4. Project construction period
The construction period of the project is 2 years.
5. Project implementation subject
The main body of the project is Tangshan Fengnan Kangda new chemical materials Co., Ltd.
6. Project approval procedures
The project has obtained the filing information of enterprise investment projects (filing No.: Tang Shen tou Bei Zi [2021] No. 7) issued by Tangshan administrative examination and approval Bureau, Reply of Tangshan administrative examination and approval Bureau on the environmental impact report of 30000 T / a adhesive and upstream and downstream new materials project of Tangshan Fengnan Kangda chemical new materials Co., Ltd. (Tang Shen tou Huan [2021] No. 34) issued by Tangshan administrative examination and approval Bureau. The land involved in the project has obtained the “Ji (2020) Fengnan District real estate No. 0003571” real estate ownership certificate.
(II) Fujian Kangda Xinyu New Material Co., Ltd. annual output of 30000 tons of adhesive new material series products
The total investment of the project is 526709600 yuan, including 492565600 yuan of construction investment, 19178100 yuan of interest during the construction period, 14965900 yuan of initial working capital and 275 million yuan of raised capital to be used, as follows:
No. investment category investment amount (10000 yuan) proportion
1、 Construction investment 4925656 93.52%
1. Construction cost 1339082 25.42%
2. Equipment purchase cost 2255059 42.81%
3. Installation cost 577000 10.94%
4 other expenses 754516 14.33%
Interest during the second construction period 191781 3.64%
Working capital of third floor: 149659 2.84%
Total 5267096 100.00%
2. Expected benefits of the project
It is estimated that the annual sales revenue of normal production is 728046800 yuan (excluding tax), the annual net profit is 732101 million yuan, the internal rate of return of equity investment is 23.02%, and the expected benefits of the project are good.
3. Project construction site
The construction site of the project is Jintang Industrial Park, Shaowu City, Nanping City, Fujian Province.
4. Project construction period
The construction period of the project is 2 years.
5. Project implementation subject
The main body of the project is Fujian Kangda Xinyu New Material Co., Ltd.
6. Project approval procedures
The project has obtained the Fujian investment project filing Certificate (domestic investment) (No.: Minfa Gaibei [2020] h020120) issued by Shaowu development, reform and science and Technology Bureau, and the EIA reply document of “Nan environmental protection Shen Han [2021] No. 32” issued by Nanping ecological environment bureau. The land involved in the project has obtained the real estate ownership certificate of “min (2020) Shaowu real estate No. 0017727”. 3、 Necessity and feasibility of raising funds to invest in projects
(I) necessity of raising funds to invest in projects
1. As a widely used industrial material, adhesive ushers in a large market space
With the promotion of the sustainable development of the national economy and the upgrading of the industrial structure, China’s adhesive industry closely follows the national development strategy and grows steadily. With the strong demand for glue in high-end fields such as new energy, fabricated construction, infrastructure real estate and 5g consumer electronics, China’s adhesive industry promotes the functionalization and high-end of products in the adhesive industry, and the application field is expanding.
During the 13th Five Year Plan period, China’s adhesive and adhesive tape industry maintained steady growth, and the industry development model gradually changed from scale expansion to quality and efficiency improvement. The enterprise’s technological innovation ability and management innovation ability were gradually improved. During the 14th Five Year Plan period, the development goal of China’s adhesives is that the average annual growth rate of output is 4.2%, and the average annual growth rate of sales is 4.3%; The development goal of China’s adhesive tape is that the average annual growth rate of output is 4.5%, and the average annual growth rate of sales is about 4.2%. Strive to change the situation of insufficient high-end and surplus low-end domestic products by the end of 2025, so that the proportion of output value of high value-added products in the industry will reach 40%.
2. Restricted by production capacity, it is urgent to expand production to meet market demand
In recent three years, the company’s adhesive products have a high capacity utilization rate, and the production equipment is basically in full load production. The company used its own funds to invest in production equipment and technological transformation to expand the production of adhesives, but it still can not meet the demand of future customers. In terms of sales, the company’s adhesive production has increased year by year, but the demand is still in short supply. It is expected that the orders of epoxy adhesive, polyurethane adhesive, silica gel and acrylate will increase greatly in the future. If the company cannot expand its production capacity in time, it will not be able to cope with the rapid growth of the current customer order demand, and the production capacity bottleneck will become an obstacle to the further development of the company. Therefore, expanding the scale of production capacity is to comply with the internal requirements of the rapid growth of market demand and an inevitable way to consolidate the company’s leading position in the industry and promote the rapid growth of performance.
3. Improve the company’s core competitiveness and profitability
One of the main reasons for the differences in adhesive properties between China and foreign countries is the problem of raw materials. The key raw materials of high-end products are often only mastered by foreign companies. Whether in terms of supply stability or price, they are subject to foreign suppliers, which directly leads to the monopoly of foreign adhesive enterprises in the field of high-end products. Through the construction of this project, the production and construction of modified special epoxy resin and modified polyester will solve the problem that these two kinds of key raw materials are subject to foreign suppliers, improve the performance and price advantages of products in terms of cost and stable mass production, and provide raw material guarantee for China’s high-end adhesive products. Through the implementation of this project, the company plans to significantly increase the production and marketing scale of adhesives, enhance the share of the company’s adhesive products in the Chinese market, and consolidate the company’s leading advantage in the Chinese adhesive industry. The project will bring good economic benefits to the company, which is very necessary to improve the profitability of the company and further improve the comprehensive competitiveness of the enterprise.
4. Promote the adjustment of industrial structure and promote the development of adhesive industry
In recent years, China’s adhesive industry has developed rapidly, and the global industrial focus has gradually shifted from Europe and the United States to Asia and China. According to the statistics of China Chemical Information Center, China has become the world’s largest adhesive production base, and its output ranks first in the world. China’s adhesive industry is in the stage of rapid development of advanced technology and economy; 2) The application of new technology has greatly improved the quality of domestic adhesives. High performance adhesive products and main raw materials such as polyurethane adhesive, epoxy resin adhesive and matrix resin have been localized, which has basically alleviated the situation of mainly relying on imports; 3) Multinational corporations from developed countries have strategically transferred relevant production devices and technologies to China. However, there is still a certain gap between China’s adhesive industry and advanced countries such as the United States, Germany and Japan in terms of product structure, process technology, equipment level, product quality, regional distribution and raw material supply. With the deepening competition in the adhesive industry worldwide, promoting product variety innovation, improving product quality, reducing production costs and improving operation and management have become the inevitable choice for Chinese enterprises in the face of competition. In the market competition, China’s adhesive industry will gradually become mature and standardized. As one of the leading enterprises in China’s adhesive industry, the project adopts advanced production technology to produce high-performance adhesive on a large scale, which is applied to new energy, transportation, green packaging and other fields, which will play a positive role in promoting the overall technology, process progress and industrial upgrading of the adhesive industry
