Securities code: 003004 securities abbreviation: Beijing Telesound Electronics Co.Ltd(003004) Beijing Telesound Electronics Co.Ltd(003004)
Feasibility analysis report on the use of funds raised by public issuance of convertible corporate bonds I. use plan of funds raised this time
The total amount of funds raised from the public offering of convertible corporate bonds shall not exceed RMB 280 million (including RMB 280 million). After deducting the issuance expenses, it is proposed to be used for the following items:
Unit: 10000 yuan
No. project name total amount of proposed investment amount of proposed raised funds
1 shengxun central China regional headquarters (Changsha) construction project 24268.22 15000.00
2. Construction project of shengxun intelligent security inspection equipment manufacturing center 14614.95 13000.00
Total 38883.17 28000.00
Note: the name of the project and the total amount of proposed investment shall be subject to the filing documents of relevant competent departments.
If the net amount of the raised funds after deducting the issuance expenses from the total amount of the convertible bonds raised in this public offering is less than the total amount of the raised funds to be invested in the above projects, the company may appropriately adjust the amount of the raised funds invested in the above projects according to the actual needs of the project and the procedures specified in relevant laws and regulations, and the insufficient part shall be raised by the company itself. If the company invests its own funds in the construction of the above projects first, the company will replace them in accordance with the procedures specified in relevant laws and regulations after the raised funds are in place. Within the scope of the final investment project of the raised funds (subject to the documents filed by the relevant competent authorities), the board of directors of the company may appropriately adjust the investment sequence and amount of the raised funds of the above projects according to the actual needs of the project. 2、 Necessity and feasibility analysis of the project invested by the raised funds
(I) shengxun central China regional headquarters (Changsha) construction project
1. Basic information of the project
The company plans to invest 242.6822 million yuan for the construction project of central China regional headquarters (Changsha), of which 150 million yuan is raised through this financing, and the rest is self raised in other ways. The construction period of the project is 2 years. The main body of the project is Hunan shengxun Technology Co., Ltd., a wholly-owned subsidiary.
After the completion of the project, it will mainly serve the company's market development and industry development in Central China, operation services, research and development, simulation experiments, internal and external training, etc. Based on the company's years of industry experience and development planning, combined with the policy environment, industry development trend and downstream customer demand, the project conforms to the company's overall strategic planning and is conducive to the accelerated realization of business development strategy.
2. Project implementation background
(1) China's security industry will maintain medium and high growth
During the 13th Five Year Plan period, China's economy and society achieved rapid development. With the vigorous promotion of the CPC Central Committee and the State Council, combined with the promotion of major projects such as safe city, bright project and smart city, China's security industry has maintained the momentum of medium and high-speed growth, the industrial scale has reached a new level, the technological progress has exceeded expectations, and the market application has been deeply promoted.
In recent years, the total output value of China's security industry has increased year by year. According to the data of Shenzhen Security Industry Association, the total output value of China's security industry has increased from 490 billion yuan in 2015 to 826.9 billion yuan in 2019, realizing an annual compound growth of 13.98%. Although affected by the epidemic, the total output value of the industry has still increased by 2.91% compared with the previous year in 2020, The industrial scale reached 850 billion yuan.
In the future, China's security industry will enter a new stage of development under the background of the party and the government further promoting higher-level safe China Construction, digital transformation, intelligent improvement and integrated innovation. According to the forecast of modern economic information journal, China's security industry is expected to maintain a growth rate of 15%. With the continuous expansion of security downstream application scenarios and the continuous promotion of industry technology, application scenarios such as smart government, smart transportation, smart medical treatment, smart manufacturing, smart energy, smart environmental protection, smart community and smart an community will become new market hotspots. (2) Unprecedented policy efforts have provided guarantee for the development of the industry
Since the 18th CPC National Congress, the state has successively issued a series of laws, policies and plans to make special arrangements for security work and put forward new requirements and standards. The Anti Terrorism Law of the people's Republic of China clearly stipulates the installation and use of technical prevention facilities such as public security video image information system in key parts of main roads, transportation hubs and urban public areas, as well as key targets for preventing terrorist attacks. The outline of the 13th five year plan for national economic and social development of the people's Republic of China, the plan for building a safe China in the 13th five year plan and the opinions on strengthening the construction of social security prevention and control system issued by the State Office of the Central People's office all put forward specific requirements for the construction of public security video surveillance network application and technical prevention. Several opinions on strengthening the networking application of public security video surveillance Construction issued by the former Central Comprehensive Management Office, the national development and Reform Commission, the Ministry of public security and other 9 departments put forward the development goal of "full domain coverage, full network sharing, full-time availability and whole process control" and the construction tasks of all regions and departments.
In addition, around the construction of hot areas such as urban safety, urban transportation, campus safety, Zhi'an hospital and Zhi'an community, many local governments have also successively issued a series of policy regulations and normative guidance documents. The introduction of relevant industrial policies is conducive to promoting the stable development of the security industry and creating a good policy environment for the implementation of the project.
(3) The focus of the security industry chain shifts to hard technologies such as algorithms and chips
Since the 13th five year plan, China's security industry has significantly increased its investment in scientific and technological innovation and support for R & D, and has formed a complete industrial system integrating upstream algorithm, component and chip R & D, midstream product design and manufacturing, downstream system integration and operation and maintenance services. From the development trend of the industry, the R & D focus of the security industry chain is gradually deepening from the traditional technology level to the application level of medium and high-end technology. In recent years, the leading enterprises in the industry have promoted the layout in the technical fields such as high-end artificial intelligence algorithms and chip design, and continued to enhance their own application in intelligent vision and Internet of things Research and development of three-dimensional perception and risk early warning technologies. In this context, the security industry has made qualitative breakthroughs in 5g communication, artificial intelligence perception, machine learning, Internet of things, cloud computing and edge computing, multi-functional intelligent equipment, high-throughput security inspection technology, Siasun Robot&Automation Co.Ltd(300024) , UAV, etc. With the industry's continuous R & D and application of new technologies, China's security industry will continue to deepen its research in the technical directions of three-dimensional, systematic and intelligent, and achieve further improvement in the context of the new era.
(4) The security operation service industry will usher in new development opportunities
During the 13th Five Year Plan period, the security operation service industry achieved rapid development. According to the data of China Security Journal, the scale of China's security operation and peacekeeping service market reached 66 billion in 2019, an increase of nearly 20% compared with 54 billion yuan in 2018, and the growth rate of the industry is ahead of the average growth rate of the whole industry.
In recent years, the business scope and application field of the security operation service industry have continued to expand. In terms of business scope, the industry has covered services including alarm operation service, maintenance service, comprehensive security custody, leasing service, consulting service, design service, supervision service and training service; In terms of application fields, the industry service objects are gradually extending from finance, schools, hospitals, street shops, chain stores, catering and other fields to smart city construction, energy, chemical industry, dangerous explosion, logistics, electric power, family community and other fields, and have become an important part of the social public security system.
In the future, with the vigorous development of emerging technologies, the security operation service industry will usher in a new round of service boom. During the "14th five year plan" period, new technology applications continue to emerge, especially the application of 5g, AI, big data and it integration technology, which will significantly promote and support the development of security service operation. In 2020, China's 5g construction has begun to take shape and is firmly in the leading position of global 5g development. The construction of infrastructure provides favorable conditions for "5g + security services"; According to the data of China Security Journal, with the continuous improvement of security service level driven by artificial intelligence technology, it is expected that by 2025, 30% to 45% of the security service market will apply artificial intelligence technology, and the technical reform of security service will gradually change from "alarm" to "early warning", and from "visible" to "understandable". At the same time, big data technology will help the security service industry to improve the service value and quality, and promote the security service industry to achieve leapfrog development in data collection, processing and analysis. The 14th five year plan for China's security industry clearly points out that we will vigorously develop the modern security service industry, and it is expected that the proportion of service industry revenue will reach 13% by 2025. At the same time, the security operation puts forward higher requirements for the working ability and professionalism of operators. The industry urgently needs to improve the professional ability of existing security operators to adapt to the continuous development of the industry in the future.
(5) The accelerated rise of central China provides good development opportunities for the project
The development of the central region contains great development opportunities in industrial transfer, population return and building a central city. As the region with the fastest economic growth during the 13th Five Year Plan period, the central region has led the country's four plates for 10 consecutive quarters, playing a key role in supporting the steady development of China's economy. Among them, Wuhan's GDP ranks among the top ten in China, Changsha and Zhengzhou have entered trillion clubs one after another, Hefei is moving fast with the aura of the Yangtze River Delta, and Nanchang and Taiyuan are also doing well in their respective regions.
Among the six provinces in Central China, Hunan has obvious geographical advantages and rich science and education resources. It ranks first in the country in terms of national science and technology awards, the number of academicians of the two academies, the construction of "double first-class" universities and scientific research achievements. China (Hunan) pilot Free Trade Zone, located in Changsha County, is located in the core area of Zhuzhou Xiangtan comprehensive supporting reform pilot zone for "two oriented society". It is one of the 18 typical areas of reform and opening up in China. It is the key support point of Changsha Zhuzhou Xiangtan core growth pole in Hunan's construction of "one core, two auxiliary, three belts and four areas" It is an important place for the development of advanced manufacturing industry and the main position of Changsha area of China (Hunan) pilot free trade zone. According to the list of the top 100 counties (cities) in China, Changsha county ranks ninth in the country, eighth among the top 100 counties (cities) in the national manufacturing industry, and steadily ranks fifth among the top 100 counties (cities) in the basic competitiveness of the national county economy.
3. Necessity of project implementation
(1) Build central China regional headquarters and vigorously explore the security market of six provinces in Central China
The company is an overall security solution and operation service provider. Since its establishment, the company has adhered to the guidance of intelligent technology and Internet of things platform technology and application innovation, and has gradually formed its own core product service system. After years of development, the company has gained a good market reputation and accumulated a number of high-quality customers. With the continuous expansion of the company's business scale, the company plans to further divide the national market into several regional markets and make intensive efforts in different regional markets, so as to improve the current situation that the Beijing headquarters directly manages the national business and the front-end business units are weak and scattered. At the same time, it actively explores the management mode of the regional headquarters and continues to strengthen the ability of regional business expansion Management ability and service ability.
Driven by the strategy of the rise of central China, combined with the company's development plans and resource conditions in different regions, the company gives priority to the construction of central China regional headquarters in Changsha area of China (Hunan) pilot free trade zone. After the completion of the project, a comprehensive regional base integrating R & D, production, operation, sales, after-sales and management will be formed, It is conducive to the company's further development of the markets in the six central provinces and the realization of the company's business goal of constantly consolidating and expanding the company's security market in China.
(2) Seize the regional development opportunity of Changsha County and deeply participate in the construction of local smart city
Since 2016, Changsha airport economic demonstration zone has begun to focus on the core area of airport hub. At the same time, in order to promote the stable economic development of Changsha airport economic demonstration zone and attract enterprises to invest, Changsha airport economic demonstration zone has issued a number of favorable policies to support enterprises to invest and build factories in the airport economic demonstration zone, Such as several policies and measures for attracting investment in Changsha Huanghua comprehensive free trade zone and its implementation rules, several policies and measures of Changsha County on supporting the development of modern service industry, and measures for the implementation of high-level talent agglomeration plan of Changsha Airport Economic Demonstration Zone, which will strongly promote the sustainable and efficient development of Changsha airport economic demonstration zone
As the core development area of Hunan pilot Free Trade Zone, Changsha County has continuously expanded its investment scale and rapidly increased its total economy. According to the data of Changsha County Bureau of statistics, in 2020, the investment in fixed assets in Changsha county increased by 9.1% year-on-year. In the whole year, there were 380 investment projects with more than 100 million yuan, accounting for 75.2% of the total investment in fixed assets. In October 2021, Changsha County announced the top level plan for a new smart city in Changsha County (2021-2025), which clearly set the overall goal of "integrating into the new pattern of dual cycle development and building the country's first county digital city", take improving the agglomeration and carrying capacity of digital economy development factors as the starting point and foothold, and take new infrastructure, urban command center, smart Park Focusing on the construction of smart "50" and the cultivation of digital economy, we will improve the county's modern governance ability and seize the opportunity of new economic development in the second half of the Internet with the scene innovative application of data resources and digital technology. As a project of attracting investment and landing in Changsha County by the airport management committee of Hunan pilot Free Trade Zone, the company will actively participate in the construction of a new smart city in Changsha, take intelligent monitoring and alarm and intelligent security inspection business as a breakthrough, and strive to continuously expand new industrial application scenarios and industrial tracks in smart medical treatment, smart community, smart education, smart parking, smart transportation Smart airport and other fields continue to develop and improve new products and system solutions, constantly innovate operation and service modes, and constantly obtain new customers and new markets.
(3) Increase R & D investment, stabilize R & D team and improve R & D efficiency
Facing the increasingly fierce market competition, the company only
