Beijing Aerospace Changfeng Co.Ltd(600855) plans to raise no more than 325 million yuan to invest in energy storage, power supply and other industries

Beijing Aerospace Changfeng Co.Ltd(600855) ( Beijing Aerospace Changfeng Co.Ltd(600855) ) disclosed the non-public offering plan on April 1. The company plans to raise no more than 325 million yuan in non-public offering and invest in four projects, including the verification capacity construction of energy storage power supply.

Beijing Aerospace Changfeng Co.Ltd(600855) is a high-tech company engaged in the R & D and production of military and civil dual-use products relying on Aerospace Science and industry group. It is the first listed enterprise of military assets approved by the Commission of science, technology and industry for national defense in China Beijing Aerospace Changfeng Co.Ltd(600855) main business is divided into four industrial sectors: security technology, power supply, medical treatment and electronic information. The company is located in the fields of public safety, health safety and defense security. It is a planning, design and integrator of complex large-scale systems, R & D and manufacturer of high-end products.

According to the announcement, the total amount of funds raised in this non-public offering does not exceed 325 million yuan, which is intended to be invested in: energy storage power supply verification capacity-building project, domestic high-power density module power supply development and production capacity improvement project, integrated border and coastal defense detection equipment development and system platform research and industrialization project based on artificial intelligence, customized infrared thermal imager research and development capacity improvement project and supplementary working capital.

Beijing Aerospace Changfeng Co.Ltd(600855) said that the company is committed to basically building China’s first-class high-tech listed enterprises integrating design, integration, manufacturing and service during the 14th Five Year Plan period. Through this non-public offering to raise funds, the company will fully grasp the opportunity period of rapid development of security technology, electronic information and power supply industry, further layout its business, upgrade its product structure and achieve new breakthroughs in the research and development of core technology products, Effectively implement the 14th five year plan. The company pays close attention to the top-level planning and layout of product R & D and industrial layout, continues to strengthen R & D investment, and actively carries out product and technology R & D in the fields of energy storage power supply, module power supply, border and coastal defense detection and infrared thermal imager. The funds raised through this non-public offering can meet the needs of the company’s new product R & D and industrialization, enhance the company’s product transformation ability, and provide strong product support for the rapid development of the company.

The construction of energy storage verification center for energy storage power supply project can further improve the technical indicators, product performance and product reliability of PCs bidirectional converter, the core energy storage device. Through the analysis of economic data connected to the power grid and user side, further optimize and improve the technology, realize the best combination point of technology and economy, and continuously maximize the economic operation benefits of energy storage system.

Energy storage power supply has broad market space. During the 14th Five Year Plan period, with the release of more favorable policies and the large-scale promotion of distributed energy such as distributed photovoltaic and distributed wind power, the electrochemical energy storage industry will face broader market opportunities. The subsidiary Aerospace Burke deep ploughing power supply industry has formed a stable large customer base. Different product modules formed by energy storage technology have accumulated a good customer base in China’s iron tower, expressway etc reconstruction project and data center construction project, laying a solid foundation for the subsequent rapid expansion of the market.

Based on the practical needs of China’s border and coastal defense information construction, it is planned to develop “4 equipment, 3 platforms and 3 application systems” and build a border and coastal defense product R & D center. After the implementation of the project, it can realize the overall control of the detection and perception of the border and coastal defense field, the integration and analysis of big data, the joint defense and control of the border and coastal defense, intelligence research and judgment, and collaborative command and disposal, and build a complete and reliable security defense line facing the border and coastal defense in an all-round, multi angle and wide field.

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