Securities code: Guangdong Dazhi Environmental Protection Technology Incorporated Company(300530) securities abbreviation: Guangdong Dazhi Environmental Protection Technology Incorporated Company(300530) Hunan Lingpai Dazhi Technology Co., Ltd. 2021 annual feasibility analysis report on the investment project of raising funds by issuing shares to specific objects (Revised Draft) March 2002 annual feasibility analysis report on the investment project of raising funds by issuing shares to specific objects by Hunan Lingpai Dazhi Technology Co., Ltd. – 1 – 1 The use plan of the raised funds is to issue shares to specific objects, and the total amount of the raised funds is expected to be about 80 million yuan, The net amount of the raised funds after deducting the issuance expenses will be fully invested in the following projects: unit: 10000 yuan serial number project name project investment amount it is proposed to use the raised funds investment amount 1 lithium ion power battery (2.4gwh) construction project 50623450002 to supplement the working capital and repay the loan 3500035000, totaling 8562380000 yuan. Of the raised funds, 45 million yuan will be used for the lithium ion power battery (2.4gwh) construction project, 350 million yuan is used to supplement working capital. As of the date of the meeting of the board of directors, the company has not invested in the construction project of lithium-ion power battery (2.4gwh). If the company constructs the above-mentioned projects invested with raised funds after the meeting of the board of directors and before the funds raised by the issuance are in place, the relevant construction investment shall be replaced in accordance with the provisions of relevant laws and regulations after the raised funds are in place. The total investment of the project is 506.23 million yuan, of which the equipment purchase expenditure is the main investment expenditure of the project, and the equipment purchase expenditure is 350 million yuan. The investment of the raised funds in the project will first be used to meet the equipment purchase expenses, and the balance will be used for other engineering construction expenses of the project. The difference between the total investment and the investment amount of the raised funds is mainly the initial working capital and reserve expenses of the project, and the difference will be raised and solved by the company itself. 2、 The investment project of the raised funds (I) lithium ion power battery (2.4gwh) construction project 1. Basic information of the project. This project is the independent R & D, design and development and large-scale production of lithium ion power batteries. It is planned to rent the plant of hengyanghong New Construction Investment Co., Ltd., and purchase a 2.4gwh cell production line, supporting facilities construction, it equipment, etc, When completed and put into operation, it will reach the production capacity of 2.4gwh lithium-ion power battery per year. The project focuses on lithium iron phosphate square aluminum shell power batteries with high safety and high specific energy. The main technical road is Hunan Lingpai Dazhi Technology Co., Ltd. issuing shares to specific objects in 2021 to raise funds. The feasibility analysis report of the investment project – line 2 – is the gradual iteration of low-capacity and low specific energy batteries to high-capacity and high specific energy batteries. The products will be used in new energy electric vehicles, energy storage and other related fields. 2. Background and necessity of the project (1) respond to the national “double carbon” goal and relevant industrial policies to meet the market opportunities for the rapid development of new energy vehicles and energy storage industry. In recent years, many ministries and commissions in China have successively issued many policies, such as the action plan for promoting the development of automobile power battery industry, the opinions on accelerating the establishment of green production and consumption laws and policies, and the notice on adjusting and improving the financial subsidy policy for the promotion and application of new energy vehicles, which guide, support, encourage and vigorously promote the development of new energy vehicle industry. In 2021, the state successively issued all-round incentive policies, such as reducing the entry threshold of vehicle enterprises, extending the duration of subsidy policies, accelerating the construction of charging / changing power stations, charging concessions, etc., covering almost the whole life cycle of new energy vehicles. According to the latest policy released in December 2021, the framework and threshold requirements of the current purchase subsidy technical index system will remain unchanged in 2022, while the subsidy scale does not mention the expected upper limit of 2 million units, so as to realize the subsidy throughout the whole year of 2022, which is a strong support for the unexpected new energy policy. The global “double carbon” goal has reached a consensus. China, the European Union, the United States and other major countries and regions around the world have formulated relevant policies to promote the development of new energy, and the development trend of the whole society towards clean energy is becoming increasingly clear. With the profound change of energy consumption structure, the new energy vehicle and energy storage market will maintain rapid development, and the market and customer demand will grow day by day. (2) Expand production capacity to meet market demand, give play to large-scale effect, reduce battery cost and enhance the company’s industry competitiveness. Benefiting from the trend and goal of global environmental protection and emission reduction and the cultivation of the whole industrial chain of new energy vehicles over the years, all links are gradually mature, rich and diversified new energy vehicle products continue to meet the market demand, the use environment is also gradually optimized and improved, and the consumer recognition is continuously improved. According to the statistical data of China Automobile Industry Association, from 2014 to 2021, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles in China increased from 75000 to 352100, realizing leapfrog development. As the core component of new energy vehicles, power batteries account for 30% to 40% of the production cost of new energy vehicles, which has always been the focus of vehicle enterprises. With the development of new energy vehicles, the application of lithium-ion batteries in the field of new energy vehicles will face explosive growth in 2021 when Hunan lingpaidazhi Technology Co., Ltd. issues shares to specific objects to raise funds for investment projects feasibility analysis report-3-vehicles. According to the statistics of vehicle ratio data, the installed capacity of LFP in 2021 is 79.8gwh, of which the installed capacity of 54173 series products is 5.25gwh, accounting for 6.6%. According to the demand of China Shipbuilding Industry Group Power Co.Ltd(600482) battery in 2022 will reach 233gwh, plus the consumption of construction machinery and other products, the demand of 54173lfp Series in 2022 is expected to exceed 10gwh in 2022 and 50gwh in 2030. At the same time, the energy storage market is expected to have an annual demand of more than 20gwh in 2022, and there is a strong demand for energy storage cells above 200ah. To sum up, the company has met the needs of customers and exceeded the production capacity of the production line. (3) With the rapid development of new energy vehicle industry, large-scale manufacturing and high-quality manufacturing of power batteries have become the bottleneck restricting the development of China’s lithium battery industry and electric vehicles, affecting China’s position in the future pattern of new energy vehicle industry in the world. Under the demand of high-end large-scale production of lithium-ion batteries, the industry will develop towards high precision, full automation and intelligence. Upgrading and improvement have become the core competitive means of enterprises. At present, although there are many enterprises providing lithium-ion power battery products in the Chinese market, there are still relatively few Chinese Enterprises above designated size. The production base of power battery is large, but the production capacity of high-quality products is insufficient and the market gap is large, which is one of the background of the construction of the project. With the acceleration of the electrification process of the global automobile industry, the market competition pattern will be further stabilized, and the Matthew effect of the leading enterprise is prominent. Power battery companies need to seek differentiated competition; The competitive advantage of small and medium-sized enterprises lies in the R & D and mass production of core competitive products and in-depth cooperation with automobile enterprises to fill the long tail market. 3. Feasibility of the project (1) under the background of accelerating the realization of the “double carbon” goal, the strong support of the national industrial policy provides a policy basis for the implementation of the construction project, and the construction of the project is in line with the national industrial policy.
With the global energy crisis and environmental pollution becoming increasingly prominent, the development of energy-saving and environmental protection related industries has been highly valued. The development of new energy vehicles has formed a consensus all over the world. Not only governments have announced the timetable for banning the sale of fuel vehicles, but also major international vehicle enterprises have successively issued new energy vehicle strategies. In recent years, many ministries, commissions and government departments in China have successively issued a number of policies to guide, support, encourage and vigorously promote the development of the new energy vehicle industry: in October 2010, the decision of the State Council on accelerating the cultivation and development of strategic emerging industries (GF [2010] No. 32) pointed out that the new energy vehicle industry should strive to make breakthroughs in power batteries Drive motor and electronic control Hunan lingpaidazhi Technology Co., Ltd. issued shares to specific objects in 2021 to raise funds for investment project feasibility analysis report – 4 – key core technologies in the field to promote the promotion, application and industrialization of plug-in hybrid vehicles and pure electric vehicles. This project belongs to the made in China 2025 issued by the State Council in May 2015 – Chapter 6: vigorously promote breakthrough development in key areas; Section 6. Energy saving and new energy vehicles. That is, continue to support the development of electric vehicles and fuel cell vehicles, master the core technologies of low-carbon, information and intelligence of vehicles, improve the engineering and industrialization ability of core technologies such as power batteries, drive motors, efficient internal combustion engines, advanced transmissions, lightweight materials and intelligent control, and form a complete industrial system and innovation system from key parts to complete vehicles, Promote the integration of independent brand energy-saving and new energy vehicles with the international advanced level. The notice on the financial support policy for the promotion and application of new energy vehicles in 20162020 (CJ [2015] No. 134) specifies that the Ministry of finance, the Ministry of science and technology, the Ministry of industry and information technology and the development and Reform Commission will implement the subsidy policy for the promotion and application of new energy vehicles in 20162020. At the end of March 2020, the executive meeting of the State Council decided to extend the two preferential policies of new energy vehicle purchase subsidy and vehicle purchase tax exemption due in 2020 for two years. In February 2017, in order to accelerate the improvement of the development capacity and level of China’s automotive power battery industry and promote the healthy and sustainable development of the new energy vehicle industry, the Ministry of industry and information technology and other four ministries and commissions jointly issued the notice of the action plan for promoting the development of Automotive power battery industry (Ministry of industry and information technology Lianzhuang [2017] No. 29). The product of this project is lithium-ion power battery, which belongs to the encouraged category – 19, light industry – 13, lithium iron disulfide, lithium thionyl chloride and other new lithium primary batteries in the Guiding Catalogue for industrial structure adjustment (2019 version) revised and issued by the national development and Reform Commission on October 30, 2019; Lithium ion battery, nickel hydrogen battery, sealed lead battery with new structure (bipolar, lead cloth level, winding type, tube type, etc.), lead-carbon battery, super battery, fuel cell, lithium / carbon fluoride battery and super capacitor. In November 2020, the general office of the State Council issued the new energy vehicle industry development plan (20212035 years), and proposed that new energy vehicle sales will reach 20% of the total sales volume of new cars by 2025, and highly automatic driving vehicles will be commercialized in limited areas and specific scenarios. Consistent with the project. The 14th five year plan for national economic and social development of the people’s Republic of China and the outline of long-term objectives for 2035 issued in March 2021 pointed out the need to develop strategic emerging industries and focus on strategic emerging industries such as new energy vehicles. On July 30, 2021, the meeting of the Political Bureau of the CPC Central Committee required to tap the potential of China’s market and support new Hunan lingpaidazhi Technology Co., Ltd. to issue shares to specific objects in 2021 to raise funds for investment project feasibility analysis report – 5 – accelerating the development of energy vehicles. Combined with the industrial orientation of Guiyang Industrial Park, the Industrial Park focuses on the development of machinery manufacturing (automobile and engineering parts, Shenzhen Agricultural Products Group Co.Ltd(000061) deep processing machinery), electronic information (electronic components, new energy batteries), food processing (agricultural and sideline industries), etc. It focuses on the introduction of foreign technology and labor-intensive class I and II industries. The project belongs to the manufacturing of new energy batteries, is a key development industry in the park, belongs to the encouraged category in the access conditions of the park, and is in line with the industrial positioning of the park. The construction of the project meets the requirements of environmental protection. After the project is completed, it mainly produces some production and domestic wastewater, waste gas and industrial solid waste, which can meet the national and local pollutant discharge standards after treatment; At the same time, it can maintain the local environmental quality and meet the requirements of environmental functions. The construction site of the project is located in Qidong County, Hengyang City. The site selection of the project meets the urban land use planning, and the investment intensity meets the relevant regulations of Hunan Province. The implementation of the project has little impact on the resource supply of Hengyang City, will not affect the local resource and industrial balance, and the use of land resources is reasonable. With the strong support of policies, China Shanxi Guoxin Energy Corporation Limited(600617) automobile industry has developed rapidly, leading the transformation of automobile industry with remarkable effect, and there is room for sustained and substantial development. According to the economic operation of automobile industry in December 2020 released by the Ministry of industry and information technology, the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) automobiles reached 1367000 in 2020, a record high. There is a huge space for the sustainable development of new energy vehicles in the future. The strong demand of the new energy vehicle terminal market will drive the rapid development of the power battery industry, and the power battery industry is also facing unprecedented development opportunities. The project responds to the national industrial policy, fully considers the development direction and market demand of new energy power battery industry, implements the investment plan based on technology, and realizes the further expansion of the company’s overall business. (2) The project fully meets the needs of the market and has broad market prospects. The customer base and customer needs provide a strong market foundation for the implementation of the construction project. With the establishment of the National Energy Commission, China’s new energy strategy has risen to the height of the national security strategy, and the new energy industry is in a more important position and supported by corresponding policies. Among them, the application of power battery products in new energy industry will play a very important role, and its application field will be more and more extensive and in-depth. Previously, the China Automobile Association predicted that the sales volume of new energy vehicles would be 5 million in 2022, with a year-on-year increase of 47%. The passenger car market information joint meeting is optimistic about the future performance of new energy vehicles. It is estimated that in 2022, Xinneng Hunan lingpaidazhi Technology Co., Ltd. will issue shares to specific objects to raise funds for investment projects in 2021. The sales volume of 6-source vehicles will reach more than 5.5 million, and even is expected to exceed 6 million. In terms of the installed capacity of power batteries, the total installed capacity of China Shipbuilding Industry Group Power Co.Ltd(600482) batteries in 2021 was 154.5gwh, a year-on-year increase of 142.8%. As can be seen from the above, the market demand for power batteries is growing. The project adopts the lithium iron phosphate square technical route, which has the advantages of high energy density, good safety performance, long service life, low comprehensive cost and fast charging speed. It is one of the main technical routes to improve the endurance mileage and other performance of new energy passenger vehicles, and will be able to fully meet the needs of the market. At the same time, lithium iron phosphate battery core products are widely used in the fields of power, engineering machinery and energy storage, and there is a broad market development space in the future. (3) The company has
