Securities code: Hubei Energy Group Co.Ltd(000883) securities abbreviation: Hubei Energy Group Co.Ltd(000883) Announcement No.: 2022022 Hubei Energy Group Co.Ltd(000883)
Announcement on permanent replenishment of working capital with surplus raised funds in 2015
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
In 2015, the company raised a net amount of 602718413002 yuan through non-public offering of shares, which was mainly used to invest in the construction of 12 projects such as Huangshi Junshan wind power, Jingmen Xianghe wind power phase I, Macheng caijiazhai wind power phase I, Qiyueshan Shuanglu wind power, Wuhan Wuhan East Lake High Technology Group Co.Ltd(600133) district gas turbine cogeneration project, Dawu triangle mountain wind power and repay the loans of the Three Gorges finance company. At present, except that the Dawu triangle mountain wind power project cannot be implemented due to the new policy restrictions after approval, the other 11 projects have completed investment or engineering construction, and the corresponding projects have completed the final accounts audit, and the projects operate smoothly.
In order to improve the use efficiency of the raised funds in 2015, reduce the financial cost and safeguard the interests of the company and shareholders, it is proposed to permanently supplement the working capital of the company with the surplus amount of 1346458800 yuan of the raised funds in 2015 (including the unpaid project balance, deposit interest, etc. and the temporary supplementary working capital in 2022). The final amount shall be subject to the actual amount after bank settlement on the day of fund transfer out, The outstanding project balance will be paid through the company’s own funds in the later stage.
The matter has been deliberated and adopted at the 17th meeting of the ninth board of directors of the company. The voting results: the number of valid votes is 8, including 8 affirmative votes, 0 negative votes and 0 abstention votes.
The proposal still needs to be submitted to the general meeting of shareholders of the company for deliberation.
1、 Basic information of raised funds in 2015
Approved by the reply on approving Hubei Energy Group Co.Ltd(000883) non-public Development Bank shares (zjxk [2015] No. 2904) of China Securities Regulatory Commission, the company issued 1158699808 RMB ordinary shares (A shares) in a non-public manner at an issue price of 5.23 yuan per share. As of December 18, 2015, the company has actually issued 1158699808 RMB ordinary shares (A shares) in a non-public manner, and the total amount of funds raised is 60 Shanghai Pudong Development Bank Co.Ltd(600000) 0000 yuan. After deducting 3281586998 yuan of issuance expenses such as underwriting fee, recommendation fee, audit fee, lawyer fee and information disclosure, the net amount of funds actually raised is 602718413002 yuan. The availability of the above funds has been verified by Daxin Certified Public Accountants (special general partnership) and a capital verification report (dxyz [2015] No. 200124) has been issued. According to the proposal on Revising the company’s non-public development bank stock plan and the proposal on Hubei Energy Group Co.Ltd(000883) non-public development bank stock plan (Revised Draft) deliberated and approved by the company’s first extraordinary general meeting in 2015, all the funds raised by the company, after deducting the issuance expenses and repaying the loan of Sanxia finance company, are invested in the new Huangshi Junshan wind farm project, Hubei Jingmen Xianghe wind farm phase I project Hubei Macheng caijiazhai wind farm phase I project, Hubei Lichuan Qiyueshan Shuanglu wind farm project, Wuhan East Lake High Technology Group Co.Ltd(600133) district gas turbine cogeneration project, Dawu triangle mountain wind farm project, Laohekou Huagang village photovoltaic power station project, Macheng yanjiahe photovoltaic power generation project, Lichuan anjiaba wind farm project, Tongcheng Huanglongshan wind farm project, acquisition of 100% equity of Lichuan company Acquisition of 12 projects including 100% equity of Tongcheng company.
2、 Use of raised funds in 2015
As of February 28, 2022, the accumulated amount of funds raised by the company’s non-public offering of shares in 2015 totaled 60418405 million yuan, including 42135856 million yuan for raising funds for investment projects and 4825299 million yuan for repaying loans from the Three Gorges finance company, which was temporarily supplemented
Working capital: 1345725 million yuan; Balance of special account for non-public offering of shares in 2015
733800 yuan. The details of the raised funds are as follows:
Use of raised funds
Unit: 10000 yuan
Sequence item name account opening bank and account number total project financing accumulated actual amount of temporary supplementary current account balance No. inter amount used amount settled moving fund amount
Xinjian Tongcheng Company Hubei
1 Tongcheng Huanglongshan wind farm 625 China International Marine Containers (Group) Co.Ltd(000039) 78559 yes
Project
New Macheng yanjiahe Bank Of China Limited(601988) Wuhan provincial government
2mian photovoltaic power station engineering sub branch business department (80 Shenzhen Fountain Corporation(000005) 405847 is 6476700 0.91 project 574268884331)
Newly built Xianghe River in Jingmen, Hubei
3 wind farm phase I project 865 Shenzhen Sdg Information Co.Ltd(000070) 70434 yes
order
New Wuhan Wuhan East Lake High Technology Group Co.Ltd(600133)
Zone 4 gas turbine cogeneration project 475 Oceanwide Holdings Co.Ltd(000046) 42731 yes
order
5. Newly built Junshan mountain in Huangshi, Hubei 70 Shenzhen Fountain Corporation(000005) 932173 yes
Wind farm project Industrial And Commercial Bank Of China Limited(601398) Wuhan Yuejia
Newly built Hubei Macheng caijiazui sub branch（
Phase I project of 6zhai wind farm 32021136191000197420 Shenzhen Nanshan Power Co.Ltd(000037) 71128 is 1531500 0.79 project 75)
New Laohekou Hongshanzui
7 ground photovoltaic power station project 46 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 381385 yes
project
8. Repay the Three Gorges finance company 4825299
loan
Newly built Hubei Lichuan Qiyue Bank Of Communications Co.Ltd(601328) Wuhan Xudong
Jiushan Shuanglu wind farm engineering sub branch (12 Shenzhen Zhenye(Group)Co.Ltd(000006) 96700 is 504650 0.40 project 42186218801880000
1921）
China Construction Bank Corporation(601939) Wuhan pear garden
10. Newly built Dawu triangle Shanfeng sub branch (4200000 370.61 / 4200000 71.18) electric field project 42050186575700000
015）
New Lichuan Company Hubei Agricultural Bank Of China Limited(601288) Wuhan Wuchang
11 Lichuan anjiaba wind farm sub branch (4287 Truking Technology Limited(300358) 2437 is 744400 0.10 engineering project 170 Jiangsu Jingxue Insulation Technology Co.Ltd(301010) 40013328)
）
12. Acquire 100% / 2582401 of Lichuan company
13. Acquisition of 100% / 550.00 of Tongcheng company
Total 606 Shenzhen Guohua Network Security Technology Co.Ltd(000004) 69611551345725 73.38
Note: 1 Before this non-public offering, Lichuan company and Tongcheng company were wholly-owned subsidiaries of Three Gorges group
Subscribe for the shares issued this time with assets and cash.
2. Dawu triangle Mountain project has been terminated due to policy reasons.
3. Temporary supplementary working capital and account balance include interest income.
3、 Completion of raised investment projects
(I) Hubei Tongcheng Huanglongshan wind farm project of Tongcheng company
Project approval: on November 14, 2014, Hubei Provincial Development and Reform Commission approved the approval of the Three Gorges new energy Tongcheng Huanglongshan wind farm project (e.f.g.p.s. [2014] No. 337), and agreed that the total investment of the project was 633065700 yuan (excluding the investment of transmission system project).
On September 30, 2020, the development and Reform Commission of Hubei Province approved the change of the approved content of the Three Gorges new energy Tongcheng Huanglongshan wind farm project (e.f.g.p.s. [2020] No. 180), agreeing to change the wind turbine generator set of the project from 37 to 25, and the construction scale from 74000 kw to 50000 kW. Other matters shall still be implemented in accordance with e.f.g.p.s. [2014] No. 337.
Base date of final settlement: July 31, 2021;
Implementation subject: Three Gorges new energy Tongcheng Wind Power Co., Ltd., the company’s indirect holding subsidiary, with a shareholding ratio of 100%;
Current progress: the project has been completed according to the latest approval, with a completion percentage of 100%;
Use of raised funds: the total investment in the final audit of completed accounts is 4591181 million yuan, including 1199776 million yuan for construction and installation projects, 2402852 million yuan for equipment investment, 526222 million yuan for other expenses, and 46.233 million yuan for deductible input tax of value-added tax.
The proposed investment amount of the raised funds is 625 million yuan. As of February 28, 2022, the actual investment is 3978559 million yuan and the balance is 2271441 million yuan. Tongcheng Huanglongshan wind farm project has a large amount of surplus funds. The main reasons for the surplus funds are as follows: 1. The original design has been optimized and changed because the project site is affected by the address karst cave. The final construction scale of the project is reduced compared with the planned construction scale, the corresponding construction cost is reduced, and the total investment estimate is reduced by 143825300 yuan; 2. With the continuous development of technology in China’s wind power industry, the price of wind power equipment and materials decreased. At the same time, the company carried out bidding to control the price, which effectively reduced the equipment cost and saved 227802 million yuan compared with the estimated budget; 3. The unpaid part is insufficient.
(II) Macheng yanjiahe ground photovoltaic power station project
Project approval: on April 30, 2015, Hubei development and Reform Commission issued the notice on filing of Hubei Energy Group Co.Ltd(000883) group Macheng yanjiahe 100mwp ground photovoltaic power station (b201542118144195014), approving the filing of yanjiahe photovoltaic project.
Base date of final settlement: April 30, 2018;
Implementation subject: Macheng yanjiahe photovoltaic company, the company’s indirect holding subsidiary, with a shareholding ratio of 100%;
Current progress: the project has been completed;
Use of raised funds: the total investment of yanjiahe photovoltaic project is 6773897 million yuan, including 919098 million yuan for construction and installation projects, 4351501 million yuan for equipment investment, 750445 million yuan for deferred investment, 248100 yuan for other investments, and 750367 million yuan for deductible value-added tax input tax.
The proposed amount of raised funds is 80 million yuan. As of February 28, 2022, the actual investment is 5405847 million yuan and the surplus fund is 2594153 million yuan. The main reasons are as follows: 1. The technical progress of China’s photovoltaic industry has led to the decline in the price of photovoltaic equipment, and the bid price of the successful EPC contractor is lower than the price of the feasibility study design, saving 1108399 million yuan; 2. The change of access system scheme leads to the reduction of transmission line length and the saving of 175523 million yuan; 3. A small amount has not been paid.
(III) Hubei Jingmen Xianghe wind farm phase I Project
Project approval: on February 9, 2015, Hubei development and Reform Commission issued the reply of provincial development and Reform Commission on the approval of Hubei Energy Group Co.Ltd(000883) group Jingmen Xianghe wind farm project (e.f.g.p.s. [2015] No. 48) to approve Xianghe wind power phase I project.
Base date of final settlement: December 31, 2017;
Implementing entity: Hubei Energy Group Co.Ltd(000883) group Jingmen Xianghe Wind Power Co., Ltd., a subsidiary indirectly controlled by the company, with a shareholding ratio of 100%;
Current progress: the project has been completed;
Use of raised funds: the total investment of Jingmen Xianghe wind power phase I project is 73636363500 yuan, including 440801 million yuan for construction engineering, 5522527 million yuan for equipment and installation engineering, 510392 million yuan for deferred investment, 5.595 million yuan for other investment and 833961 million yuan for input tax of value-added tax to be deducted.
