Stock abbreviation: Ningbo Ronbay New Energy Technology Co.Ltd(688005) Stock Code: Ningbo Ronbay New Energy Technology Co.Ltd(688005) Ningbo Ronbay New Energy Technology Co.Ltd(688005) feasibility analysis report on the use of funds raised by issuing A-Shares to specific objects in 2022
March, 2002
1、 Use plan of the raised funds
The total amount of funds raised in this issuance shall not exceed RMB 6068 million (including this amount), which is intended to be used for the following items after deducting the issuance expenses:
Unit: 10000 yuan
No. project name total investment amount proposed to use raised funds
1 lithium cathode material expansion project 5915193234890000
1.1 Xiantao phase I lithium battery cathode material project with an annual output of 100000 tons 4423524322420000
1.2 Zunyi phase 2-2 lithium battery cathode material project with an annual output of 34000 tons, 7000000 and 5000000
1.3 Zhongzhou 1-2 lithium battery cathode material project with an annual output of 15000 tons 79166897470000
2 2025 power lithium battery material comprehensive base 19452 Fujian Fynex Textile Science & Technology Co.Ltd(600493) 0000 (phase I) project
3 engineering equipment phase I project 43187 Moso Power Supply Technology Co.Ltd(002660) 000
4. Supplementary working capital 182 Ping An Bank Co.Ltd(000001) 8200000
Total 10112323260680000
Before the funds raised from this issuance to specific objects are in place, the company can invest in advance with self raised funds according to the actual progress of the projects to be invested by the raised funds, and replace them in accordance with the procedures specified in relevant laws and regulations after the raised funds are in place.
After the funds raised from this issuance to specific objects are in place, if the actual raised funds after deducting the issuance expenses are less than the total amount of the funds raised from the above projects, the board of directors or the authorized person of the board of directors will, within the scope of the above-mentioned investment projects with raised funds, according to the actual situation such as the progress of the investment projects with raised funds and the demand for funds, Adjust the priority of the investment of the raised funds and the specific investment amount of each project. The insufficient part of the raised funds shall be solved by the company with its own funds or self raised funds.
2、 Feasibility analysis of the project invested by the raised funds
(I) lithium cathode material expansion project
1. Xiantao phase I lithium battery cathode material project with an annual output of 100000 tons
(1) Project overview
The total planned investment of the project is 4423524300 yuan. The construction site is located in the North Zone of the start-up zone of national high tech Zone, Xiantao City, Hubei Province. The main implementation body is Xiantao rongbai. The company and its wholly-owned subsidiary xiantaorong innovative energy industry management Co., Ltd. plan to jointly initiate the establishment of xiantaorong Chuang No. 1 new energy limited partnership with Xiantao high tech Industry Investment Co., Ltd. (hereinafter referred to as "partnership", the tentative name is subject to industrial and commercial registration). The total subscribed capital contribution of the partnership agreement is RMB 1.6 billion, the company as a limited partner contributes RMB 814 million, and the company's wholly-owned subsidiary xiantaorong innovative energy industry management Co., Ltd. as a general partner contributes RMB 2 million, accounting for 50.875% and 0.125% of the subscribed capital respectively. The remaining part is invested and subscribed by the limited partner Xiantao high tech Industry Investment Co., Ltd. After the establishment of the partnership, Xiantao rongbai, the main body of the project, will increase its capital and become its controlling shareholder. After the capital increase, Xiantao rongbai is still an enterprise within the scope of the company's consolidated statements.
The project plans to build ternary cathode materials with an annual output of 100000 tons. After the project is completed and put into operation, the company's lithium battery cathode material production capacity will be effectively expanded, which is conducive to the company's continuous improvement of market competitiveness and consolidation of its leading position in the industry.
(2) Project investment estimate
The specific investment arrangement of the project is as follows:
No. investment category investment scale (10000 yuan) proportion
1. Construction investment 38109776 86.15%
1.1 construction cost 13979476 31.60%
1.2 equipment purchase and installation cost 20 Anhui Wanyi Science And Technology Co.Ltd(688600) 46.77%
1.3 land purchase fee 2093700 4.73%
1.4 other construction expenses 1348000 3.05%
2. Basic reserve fund and others 211347 0.48%
3. Initial working capital 5914119 13.37%
Total 23445200%
(3) Economic benefit analysis of the project
It is estimated that the average annual operating income of the project is 17688729600 yuan and the average annual after tax profit is 1220596300 yuan; The after tax internal rate of return of the project is 22.98%, and the investment payback period is 4.91 years (after tax, excluding the construction period). The expected benefits of the project are good.
(4) Project approval items and land conditions
The project has obtained the registration certificate of Hubei fixed assets investment project, and the registration project code is 211242900404-0115354.
As of the announcement date of the plan, the relevant procedures for the land use of the project are being handled, and the environmental assessment procedures of the project are being handled.
2. Zunyi phase 2-2 lithium battery cathode material project with an annual output of 34000 tons
(1) Project overview
The total investment of the project is planned to be 70 million yuan. The construction site is located in qingganglang, automobile trade building, Longjiang village, Shenxi Town, Zunyi City, Guizhou Province. The implementation subject is Guizhou rongbai lithium battery materials Co., Ltd.
The project plans to build 34000 tons of lithium battery cathode materials per year. After the project is completed and put into operation, the company's lithium battery cathode material production capacity will be effectively expanded, which is conducive to the company's continuous improvement of market competitiveness and consolidation of its leading position in the industry.
(2) Project investment estimate
The specific investment arrangement of the project is as follows:
No. investment category investment scale (10000 yuan) proportion
1. Construction investment 6599956 94.28%
1.1 construction cost 2413856 34.48%
1.2 equipment purchase and installation cost 3811300 54.45%
1.3 other construction costs 374800 5.35%
2. Basic reserve fund and others 122500 1.75%
3. Initial working capital 277544 3.96%
Total 7000000 100.00%
(3) Economic benefit analysis of the project
It is estimated that the average annual operating income of the project is 62982284 million yuan and the average annual after tax profit is 4768305 million yuan; After tax, the expected internal return of the project is 17.4% (excluding after tax), and the internal return of the project is good.
(4) Project approval items and land conditions
As of the announcement date of the plan, the project has obtained the Filing Certificate of fixed asset investment projects in Guizhou Province, and the registered project code is 210652030204-01178962; The project has obtained the land property right certificate (Qian (2021) Zunyi real estate property right No. 0071311); The project has obtained the EIA reply issued by Zunyi environmental and ecological Bureau (Zunhuan Shen (2021) No. 421).
3. Phase 1-2 lithium battery cathode material project with an annual output of 15000 tons in Zhongzhou, Korea
(1) Project overview
The total investment of the project is planned to be 7916689 million yuan. The construction site is located in megapolis Industrial Park, Zhongzhou City, South Korea. The main body of implementation is Zai Shi Energy Co., Ltd.
The project plans to build 15000 tons of ternary cathode materials per year. After the project is completed and put into operation, the company's overseas lithium battery cathode material production capacity will be effectively expanded, which is conducive to the company's continuous improvement of international market competitiveness and consolidation of its leading position in the industry.
(2) Project investment estimate
The specific investment arrangement of the project is as follows:
No. investment category investment scale (10000 yuan) proportion
1. Construction investment 7476689 94.44%
1.1 construction cost 2103750 26.57%
1.2 equipment purchase and installation cost 4943439 62.44%
1.3 other construction costs 429500 5.43%
2. Basic reserve fund and others 700.00 0.88%
3. Initial working capital 370000 4.67%
Total 7916689 100.00%
(3) Economic benefit analysis of the project
It is estimated that the average annual operating income of the project is 3107781800 yuan and the average annual after tax profit is 167791000 yuan; The after tax internal rate of return of the project is 18.62%, and the investment payback period is 5.57 years (after tax, excluding the construction period). The expected benefits of the project are good.
(4) Project approval items and land conditions
As of the announcement date of this plan, the project has obtained the project filing notice (yfgk [2022] No. 147) approved by Ningbo Development and Reform Commission and the enterprise overseas investment certificate (Overseas Investment Certificate No. n3302202200044) approved by Ningbo Municipal Bureau of Commerce.
4. Necessity of project construction
(1) The industry has broad development space and the company has outstanding advantages in high nickel. It needs to seize the opportunity to consolidate its leading position. Under the background of firm Global "double carbon" goal, the policy support and R & D of new energy vehicles should be strengthened
