Securities code: Sichuan Tianyi Comheart Telecom Co.Ltd(300504) securities abbreviation: Sichuan Tianyi Comheart Telecom Co.Ltd(300504) Announcement No.: 2022019 Sichuan Tianyi Comheart Telecom Co.Ltd(300504)
Announcement on the extension and change of some investment projects with raised funds
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.
Sichuan Tianyi Comheart Telecom Co.Ltd(300504) (hereinafter referred to as "the company" and " Sichuan Tianyi Comheart Telecom Co.Ltd(300504) ") held the 5th meeting of the 4th board of directors and the 5th meeting of the 4th board of supervisors on April 11, 2022, deliberated and adopted the proposal on the extension and change of some investment projects with raised funds. Taking into account the changes in the existing communication product market, the company made a cautious and serious analysis and judgment on the future development of the industry, In order to reduce the use risk of raised funds, improve the efficiency of raised funds and protect the interests of the company and shareholders, the board of directors agreed to postpone and change some of the original investment projects of raised funds, as follows:
1、 Overview of investment projects with raised funds
1. Basic information of raised funds
With the approval of the reply on approving Sichuan Tianyi Comheart Telecom Co.Ltd(300504) initial public offering of shares (zjxk [2018] No. 423) issued by China Securities Regulatory Commission, the company issued 66852000 ordinary shares (A shares) to the public for the first time. The total amount of funds raised was 87308712000 yuan. After deducting various issuance expenses of 7755712000 yuan (excluding tax), the net amount of funds actually raised was 79553000000 yuan. The availability of the above funds has been verified by Zhonghui Certified Public Accountants (special general partnership), and the capital verification report [2018] No. 0658 was issued on March 27, 2018. All the above raised funds have been deposited in the special account for raised funds for management.
2. Purpose and use of raised funds
As of March 31, 2022, the use plan and use of the company's raised funds are as follows:
Unit: 10000 yuan
The raised funds are calculated as of March 2022. As of March 31, 2022, the serial number, project name and planned use amount. The accumulated balance of raised funds on March 31 is calculated as the use amount (including cash management income)
1 broadband network terminal equipment expansion production line 3168620313.941395083 technical transformation project
2. Communication network physical connection and protection equipment 119172389.161093978 expansion production line technical transformation project
3 mobile communication network optimization system equipment expansion 39801262.03318683 production line technical transformation project
4 technological transformation project of R & D center 72535111.53271257
5 marketing service network expansion project 4717720.03451743
6 supplementary working capital 2 Shenzhen Zhongheng Huafa Co.Ltd(000020) 010 0
Total 7955349806.693530744
As of March 31, 2022, the balance of funds raised by the company totaled 353074400 yuan (including cash management income).
3. Change of implementation location of some raised investment projects
On April 10, 2019, the company held the fifth meeting of the third board of directors and the fourth meeting of the third board of supervisors, deliberated and approved the proposal on changing the implementation location of some raised capital investment projects, and agreed to the company's technical transformation project of broadband network terminal equipment expansion production line The implementation location of the technical transformation project of the expansion production line of communication network physical connection and protection equipment and the technical transformation project of the R & D center will be changed from No. 198, Section 1, Xueshan Avenue, Jinyuan Town, Dayi County to Dayi County Electronic Information Technology Industrial Park. In order to meet the needs of the company's overall planning and rational layout, give full play to the integration advantages of the company's internal resources and improve the company's overall management efficiency, it was deliberated and adopted at the 9th meeting of the third board of directors on January 13, 2020, The company changed the implementation location of the "technical transformation project of mobile communication network optimization system equipment production line expansion" in the fund-raising investment project from No. 198, Section 1, Xueshan Avenue, Jinyuan Town, Dayi County to Guanghua Road, industrial centralized development zone, Jinyuan Town, Dayi County.
4. Delay of some raised investment projects
As deliberated and approved at the 9th meeting of the third board of directors on January 13, 2020, the company reduces the use risk of raised funds, improves the efficiency of raised funds and protects the interests of the company and shareholders in combination with factors such as the change of implementation location of raised investment projects and market changes. Under the condition that the implementation subject of raised investment projects, the purpose of raised funds and the scale of investment projects are not changed, Adjust the expected completion time of "broadband network terminal equipment production expansion line technical transformation project", "communication network physical connection and protection equipment production expansion line technical transformation project", "R & D center technical transformation project", "mobile communication network optimization system equipment production expansion line technical transformation project" and "marketing service network expansion project", and adjust the construction completion period to March 31, 2022.
5. Temporary replenishment of working capital with some idle raised funds
On August 24, 2018, the second meeting of the third board of directors of the company deliberated and approved the proposal on using some idle raised funds to temporarily supplement working capital, and agreed that the company would use idle raised funds of no more than RMB 200 million (including this amount) to temporarily supplement working capital for business activities related to the company's main business, and would not directly or indirectly arrange for the placement of new shares Subscription or use for stocks and their derivatives and convertible bonds
The service life of debt and other transactions shall not exceed 12 months from the date of adoption of the resolution of the board of directors.
On march142019, the company has returned the above-mentioned 54million yuan of raised funds for temporary replenishment of working capital to the company's special account for raised funds in advance, and the service life has not exceeded 12 months since the date of deliberation and approval by the company's board of directors.
On June 22, 2021, the company held the 21st Meeting of the third board of directors and the 16th meeting of the third board of supervisors, which deliberated and approved the proposal on using some idle raised funds to temporarily supplement working capital. The company plans to use idle raised funds of no more than RMB 300 million (including this amount) to temporarily supplement working capital for business activities related to the company's main business, It shall not be directly or indirectly used for the allotment and purchase of new shares, or for the transactions of stocks, their derivatives and convertible bonds. The service life shall be no more than 12 months from the date of adoption of the resolution of the board of directors, and shall be returned to the special account for raised funds at maturity. As of March 31, 2022, 95 million yuan had not been returned.
2、 Delay, change and reasons of some investment projects with raised funds
1. Mobile communication network optimization system equipment expansion production line technical transformation project
The total fund raised by the project is 39.8 million yuan. As of March 31, 2022, 126203 million yuan has been put into use, with a total balance of 318683 million yuan (including cash management income).
Due to the change of project implementation location and other reasons, the company plans to extend the construction completion period of the project to March 31, 2023.
2. Technological transformation project of R & D Center
The total amount of funds raised by the project is 72.53 million yuan. As of March 31, 2022, 511153 million yuan has been put into use, with a total balance of 271257 million yuan (including cash management income).
Due to the change of project implementation location and other reasons, the company plans to extend the construction completion period of the project to March 31, 2023.
3. Marketing service network expansion project
In view of the impact of the current epidemic outside China and the slow construction progress of the office, the company plans to terminate the project and change the balance of the raised funds for the construction of "technical transformation project of broadband network terminal equipment production line expansion". When the follow-up epidemic situation improves, choose the opportunity to promote the construction of the office with its own funds according to the actual needs of the company's business.
The total fund raised by the project is 47.17 million yuan. As of March 31, 2022, 7.203 million yuan has been put into use, with a total balance of 451743 million yuan (including cash management income).
4. Technical transformation project of communication network physical connection and protection equipment expansion production line
With the basic completion of the transformation of China's fixed line optical incoming and outgoing copper, the sales revenue of the company's products in this category fell by nearly 60% from 2017 to 2021, and the product has low technical content and small market space in the future, which is no longer in the company's key development plan in the future. At the same time, the company's current production capacity has met the product output and sales volume, and there is no need to further expand the production capacity. The company plans to terminate the project and use all the remaining raised funds for permanent replenishment of working capital. Subsequently, the company will timely promote the construction of relevant projects with its own funds according to the development of product market and the actual business needs of the company.
The total amount of funds raised by the project is 119.17 million yuan. As of March 31, 2022, 238916 million yuan has been put into use, with a total balance of 1093978 million yuan (including cash management income).
5. Broadband terminal production line expansion technology project
With the increase of the types of broadband network terminal products, at present, broadband network terminal products have become the main source of income of the company. At the same time, the income scale and profit level have increased year by year in the past two years. At the same time, due to the change of implementation location, the production plant and supporting setting area required by the project have increased, so the plant area and production capacity required have increased, Therefore, increasing plant area and expanding production capacity will help the company further improve the market scale of its main products and enhance its profitability, and the project is expected to maintain relatively good economic benefits at present and in the future.
The total fund raised by the project is 316.86 million yuan. As of March 31, 2022, 2031394 million yuan has been put into use, with a total balance of 1395083 million yuan (including cash management income).
For the above reasons, the company plans to extend the construction completion period of the project to March 31, 2023, and change all the remaining funds of the "marketing service network expansion project" to the construction of the project.
3、 Use plan of remaining raised funds
After the postponement and change of some investment projects of the raised funds, as of March 31, 2022, the unused amount totaled 353074400 yuan. The company's proposed use plan is as follows:
Unit: 10000 yuan
S / n project name remaining fund use plan
(including cash management income)
1. Technical transformation project of broadband network terminal equipment production line 1846826
2 mobile communication network optimization system equipment expansion production line technical transformation project 318683
3 technological transformation project of R & D center 271257
4. Permanent supplementary working capital 1093978
Total 3530744
4、 Review and approval procedures and relevant opinions
1. Deliberations of the board of directors
The board of Directors believes that the company's extension and change of the investment projects with raised funds are based on the principle of maximizing the interests of shareholders, fully combined with the actual operation of the company and the careful analysis and judgment of the company on the future development of the industry, so as to improve the use efficiency of raised funds, save financial expenses and improve the operation efficiency of the company.
Therefore, the board of directors agrees that the company will postpone and change the investment projects with raised funds.
2. Deliberation of the board of supervisors
The board of supervisors believes that the extension and change of the company's investment projects with raised funds are fully combined with the company's actual operation and the company's careful analysis and judgment on the future development of the industry, which is conducive to improving the efficiency of the use of raised funds and meeting the requirements of the company
