Shenzhen Dawei Innovation Technology Co.Ltd(002213) feasibility analysis report on the use of funds raised by non-public issuance of A-Shares in 2022
Shenzhen Dawei Innovation Technology Co.Ltd(002213) Shenzhen Dawei Innovation Technology Co., Ltd
(a1406, building 12, Shenzhen Bay science and technology ecological park, No. 18, Keji South Road, community, high tech Zone, Yuehai street, Nanshan District, Shenzhen) non public offering of A-Shares in 2022
Feasibility analysis report on the use of raised funds
March, 2002
Shenzhen Dawei Innovation Technology Co.Ltd(002213) feasibility analysis report on the use of funds raised by non-public issuance of A-Shares in 2022
Unless otherwise specified in this report, relevant terms have the same meaning as in Shenzhen Dawei Innovation Technology Co.Ltd(002213) 2022 non-public Development Bank A-share stock plan.
1、 Use plan of the raised funds
The total amount of funds raised from this non-public offering of shares does not exceed 313.2 million yuan (including this amount), which will be used to supplement working capital after deducting the issuance expenses.
2、 Necessity and feasibility analysis of the project invested by the raised funds
(I) necessity of using the raised funds to supplement working capital
1. The main business to be developed by the company needs financial support
The company has been involved in the new generation information technology industry since the second half of 2018, and officially established the information business department in August 2019 to vigorously carry out business in the field of new generation information technology; In June 2020, the company acquired Shenzhen xinhuiqun Microelectronics Technology Co., Ltd. (hereinafter referred to as "xinhuiqun") with its own funds, expanded the scale of the company's information business sector, and realized that the company's main business changed from a single automobile manufacturing industry to a dual main industry of automobile manufacturing industry and new generation information technology industry. In March 2021, the company added capital to Sichuan Oule Intelligent Technology Co., Ltd. (hereinafter referred to as "Sichuan Oule"), which holds 60% equity of Sichuan Oule, has a mobile phone R & D, design, production and sales system, and has a complete and independent mobile phone manufacturing capacity. At present, the production capacity of Sichuan Oule is gradually released with the stability of personnel, technology and operation, and the overall manufacturing capacity of the company is greatly improved; In December 2021, the company acquired 40% equity of Xinhui group to further strengthen the control of Xinhui group; Through the acquisition of Xinhui group and capital increase of Sichuan Oule, the company integrates and improves the overall competitiveness of the company's information business sector, and gradually forms three business areas from automobile business to automobile, storage and intelligent terminal.
2. The current financial situation of the company is difficult to support the further development of the company in the future
While the company is steadily expanding its business scale, it is also facing continuous pressure on R & D and working capital. However, the company's current low scale of total assets and net assets and insufficient self owned funds have become an important factor restricting the further development of the company. The company's replenishment of working capital through the raised funds can alleviate the capital pressure caused by the expansion of business scale to a certain extent, further expand the business scale and enhance the overall competitiveness of the company. 3. Corporate bank financing is relatively difficult and needs equity financing support
Shenzhen Dawei Innovation Technology Co.Ltd(002213) feasibility analysis report on the use of funds raised by non-public issuance of A-Shares in 2022
The expansion of the company's main business needs continuous financial support. However, due to the small scale of the company's net assets and less available mortgage assets, it is relatively difficult to obtain bank financing. It is necessary for the company to obtain the funds required for business development through equity financing, so as to promote the sustainable and rapid development of the company's main business.
(II) feasibility of using the raised funds to supplement working capital
1. The company's main business meets the needs of policy and strategic development of the company
The raised funds are used to supplement working capital, consolidate and expand the company's new generation of information technology industry and automobile manufacturing related businesses, and further promote the transformation and upgrading of the company from traditional manufacturing industry to emerging technology industry enterprises, which is in line with the company's strategic development needs. Among them, as one of the seven strategic emerging industries determined by the State Council, the state has issued a series of industrial policies to give key support.
2. The company's main business reserves technology and talents, which has a certain competitive advantage
The company is a national high-tech enterprise. The automobile business sector has strong independent R & D and technological innovation capabilities, and its main products have independent intellectual property rights and core technologies, with outstanding technical and talent advantages. Although the information business department has been established for a short time, through active cooperation with partners, exchange and learning with outstanding talents in the industry, strengthen the construction of technical team, build the company's new core products and core competitiveness, so as to quickly participate in market competition. Technology and talent reserves can support the sustainable development of the company's new generation of information technology related businesses.
3. Raised funds can bring business development funds, improve financial structure and enhance sustainable profitability
The company raised funds through this non-public offering of shares to supplement working capital, support the further development of its main business, enhance financial stability and prevent financial risks; At the same time, the shareholding ratio of controlling shareholders and the net asset value of the company will be significantly increased, and the ownership structure and asset structure will be more stable, which will help to enhance the stability and anti risk ability of the company, and ensure the sustainable, stable and healthy development of the main business of the company.
3、 Conclusion
The use plan of the funds raised by this non-public offering conforms to the company's overall strategic planning and actual capital needs, complies with the guidance of national industrial policies and industry development trends, complies with the requirements of relevant laws, regulations and normative documents, and is necessary and feasible. After the completion of this non-public offering of shares, the equity structure of the company is more stable and the capital strength of the company is significantly enhanced, which consolidates and expands the dual main business of the company and realizes sustainable, stable and stable operation
Shenzhen Dawei Innovation Technology Co.Ltd(002213) feasibility analysis report on the use of funds raised by non-public issuance of A-Shares in 2022
Provide strong financial guarantee for healthy development; In addition, the company's asset structure will be more stable, which will help reduce financial risks, improve solvency, follow-up financing ability and anti risk ability, and lay a better foundation for the realization of the company's development strategic objectives. The funds raised by this non-public offering of shares are in line with the interests of the company and all shareholders.
Shenzhen Dawei Innovation Technology Co.Ltd(002213) board of directors
March 25, 2022
