Recently, Ling Yun Industrial Corporation Limited(600480) disclosed the results of non-public offering of shares and the announcement of changes in share capital. The company completed the issuance of about 154 million additional shares at an issue price of 8.99 yuan / share, with a total raised capital of 1.38 billion yuan.
According to the announcement, a total of 9 objects were found this time. The controlling shareholder Lingyun group and the concerted actor zhongbing Investment Management Co., Ltd. subscribed about 500 million yuan. In addition, industrial investment funds, central enterprise capital platforms and local state-owned assets platforms were also introduced as investors. The new shares of Lingyun group and zhongbing Investment Management Co., Ltd. shall not be transferred within 18 months from the date of issuance, and the new shares of other issuing objects shall not be transferred within 6 months from the date of issuance. After the issuance, Lingyun group and zhongbing Investment Management Co., Ltd. remained the first and second largest shareholders of the company, while the third and fourth largest shareholders were changed to industrial investment fund and Industrial Development Fund. The company believes that this highlights the recognition and confidence of the capital market in the company’s development and medium and long-term investment value.
According to the previous announcement, Ling Yun Industrial Corporation Limited(600480) plans to use a total of about 1.542 billion yuan of raised funds and self owned funds for project investment. Among them, 241 million yuan is used for the construction of Yancheng new energy auto parts project, 134 million yuan for the construction of Wuhan new energy auto parts project, 107 million yuan for the construction of Zhuozhou new energy auto parts project, 559 million yuan for the acquisition of 49.90% equity and production expansion project of Lingyun geens, 618591 million yuan for Shenyang bumper assembly project and 414 million yuan for replenishing working capital.
The company said that the raised investment project is closely related to the company’s main business and is in line with the national industrial policy and the company’s strategic objectives. With the completion and operation of raised investment projects, the company will further expand the production and operation scale of auto parts and enhance the core competitiveness of the company. In the long run, the company’s capital strength will be significantly enhanced. The implementation of the fund-raising investment project will help to improve the company’s market competitiveness in the auto parts industry and improve the company’s profitability, which is in line with the company’s long-term development goals and shareholders’ interests.
Previously, the performance express released by the company showed that the company’s operating revenue was about 15.75 billion yuan in 2021, an increase of 16.32% year-on-year; The net profit attributable to shareholders of listed companies was about 274 million yuan, an increase of 171.45% year-on-year. The company said that the main reason for the performance growth was that during the reporting period, the company’s products and customer structure were continuously optimized and expanded, the business performance of thermoforming products and automobile pipeline system continued to maintain rapid growth, and the new energy battery shell products entered the stage of mass production.
