Non public offering of A-Shares in 2022
Feasibility analysis report on the use of raised funds
April, 2002
1、 Use plan of the raised funds
The total amount of funds raised by the company in this non-public offering shall not exceed 900 million yuan (including this amount). The net amount of funds raised after deducting the issuance expenses will be used for the following projects:
Unit: 10000 yuan
No. project name total planned investment proposed to use raised funds (10000 yuan) investment amount (10000 yuan)
1. Rubber V-belt Intelligent Manufacturing Industrial Park project with an annual output of 500 million a meters 155093678446223
2 digital intelligent management platform construction project 553777553777
Total 160631449000000
Note: the total amount of raised funds is the amount after deducting the newly invested and proposed financial investment of 103.5 million yuan from the six months before the resolution date of the sixth meeting of the seventh board of directors (April 15, 2022) to the issuance.
After the funds raised from this non-public offering are in place, if the actual net amount of funds raised is less than the above amount of funds to be invested, the board of directors and its authorized persons of the company will adjust and finally decide the specific investment projects of the raised funds according to the actual net amount of funds raised and within the scope of the above investment projects of raised funds, according to the progress of the investment projects of raised funds and the actual situation of capital demand The priority and the specific investment amount of each project, and the insufficient part of the raised funds shall be solved by the company with its own funds or through other financing methods.
Before the funds raised in this non-public offering are in place, the company can invest with self raised funds according to the actual situation of the investment projects with raised funds, and replace them according to the procedures of relevant laws and regulations after the raised funds are in place.
2、 Basic information of the project invested by the raised funds
(I) rubber V-belt Intelligent Manufacturing Industrial Park project with an annual output of 500 million a meters
1. Basic information of the project
The proposed investment of the project is about 1550936700 yuan. Based on the company's own strategic planning, combined with the current policy environment, industry development trend and downstream customer demand, the company plans to build a new rubber V-belt Intelligent Manufacturing Industrial Park in Cangshan industrial cluster area, Tiantai County, Taizhou City, Zhejiang Province. 273 mu of land is newly acquired for the project to build workshops, warehouses, workshops and supporting facilities for production. At the same time, the intelligent production equipment developed and designed by the company is used, and the advanced production equipment in the industry is purchased to increase the production personnel and comprehensively improve the production capacity of rubber V-belt.
The implementation of this raised investment project conforms to the company's overall strategic planning, meets the needs of the company's business development, can greatly improve the company's intelligent manufacturing level, enhance the company's core competitiveness, consolidate the company's industry position, and has good social and economic benefits.
2. Project implementation subject
The main body of the project is Zhejiang Sanlux Co.Ltd(002224) intelligent transmission technology Co., Ltd., a wholly-owned subsidiary of Sanlux Co.Ltd(002224) and the construction site is No. 8, Xialin village, hongchou Town, Tiantai County, Taizhou City, Zhejiang Province.
3. Necessity of project implementation
(1) Implement the company's strategic layout and realize the company's high-quality development
Since its establishment in 1984, the company has been deeply engaged in the rubber V-belt industry, always adhering to the enterprise value of "creating value with quality" and bringing high-quality products and services to users. Now it has become a leading enterprise focusing on the rubber V-belt industry. According to the statistical data of China Rubber Industry Association, the company has ranked first in the national V-belt production and sales for many consecutive years, and has become a landmark brand in the industry. At present, the company has accumulated mature technical experience and production process, continuously optimized and standardized internal management system, and formed a set of efficient, reproducible and popularized production and operation mode.
At this stage, the company has determined the strategic layout of continuing to cultivate the rubber V-belt industry, actively responded to the national call for the transformation and upgrading of intelligent manufacturing, and continued to develop new rubber V-belt products aimed at "meeting the market demand and pursuing the ultimate cost" and new technical equipment with "automation, intelligence, energy saving and stability" as the core. At the same time, according to different product positioning, realize differentiated production and sales of products, covering different sub industries of V-belt industry, so as to improve the profitability and overall anti risk ability of the company.
The project will build a rubber V-belt industrial park with an annual output of 500 million a meters in Tiantai County, Taizhou city. Relying on the leading technical advantages, talent advantages and production technology, the project will be equipped with China's advanced production line to produce standardized rubber V-belt products.
The implementation of the project is in line with the company's development strategy, which is conducive to promoting the transformation and upgrading of the company's intelligent manufacturing, improving the level of production automation, realizing digital management, having good economic and social benefits, promoting the company's high-level development and creating greater contributions to the development of China's manufacturing industry and local economy.
(2) Transformation and upgrading of intelligent manufacturing to consolidate the company's position in the industry
At present, the world economy is in a new round of scientific and technological revolution and industrial transformation. China's manufacturing industry is in a key stage from large to strong and from high-speed development to high-quality development. Intelligent manufacturing is the key point for China to transform from a large manufacturing country to a powerful manufacturing country. All provinces, cities and regions also take this as the focus of economic development to guide and support enterprises to actively carry out intelligent upgrading and transformation.
The Zhejiang provincial government formulated and issued the implementation opinions on deepening the integrated development of the new generation of information technology and manufacturing industry and promoting new intelligent manufacturing, which proposed that "integration brings innovation, innovation promotes transformation and transformation helps development, strive to promote the manufacturing industry to move towards the middle and high end of the value chain and enhance the competitive advantage of the manufacturing industry." Taizhou Municipal Bureau of economy and information technology has compiled and completed several policies of Taizhou City on accelerating the high-quality development of manufacturing industry (new intelligent manufacturing chapter), promoting the development of manufacturing industry to digitization, networking and intelligence, and enhancing the quality, efficiency and core competitiveness of manufacturing industry.
As a leading enterprise in the field of rubber transmission, the company actively responds to the national call, speeds up the integration of informatization and production, realizes the transformation and upgrading of intelligent manufacturing, and then leads the development of rubber transmission industry towards intellectualization, standardization and greening.
Through the implementation of this raised investment project, the company will apply the intelligent command system independently developed by the company in the new rubber V-belt Industrial Park, improve the level of production automation, reduce waste consumption, and realize the company's transformation and upgrading plan from traditional manufacturing enterprise to intelligent manufacturing enterprise.
(3) Alleviate the bottleneck of insufficient production capacity and improve the company's order taking capacity
Since its establishment, the company's business has been growing steadily, the sales volume of rubber V-belt series products has been expanding, and the production and sales rate has always been in a high state. From 2019 to 2020, the output of rubber V-belt was 334 million a meters and 311 million a meters respectively, and the sales volume was 324 million a meters and 326 million a meters respectively, with the production and sales rate of 97.01% and 104.82%.
Due to the long service life of the company's existing equipment, the actual production capacity of rubber V-belt gradually shrinks, and the gap with the planned production capacity gradually increases. At present, the production schedule is tight, the saturation of the existing production line is increasing, and the machinery, equipment and workers are running at full load. In addition, the company has a large number of product models. When accepting orders from different customers, the relevant products are limited by the models of machinery and equipment, which also faces the situation of insufficient production capacity. At present, the production capacity problem has led to the extension of the delivery time of the company's existing orders, which has had a substantial impact on the company's business development. In the future, with the continuous development of the company, the problem of insufficient production capacity will become more prominent, and the company urgently needs to expand production capacity. Through the implementation of this raised investment project, the company will build a new 500 million a-meter rubber V-belt production capacity to alleviate the company's market position.
(4) Digital intelligence enables production, reduces cost and increases efficiency, so as to improve market share
As a leading enterprise in the rubber V-belt industry, the company has been committed to the research and development of production equipment automation for many years, and continues to update and upgrade the terminal control system. The intelligent production equipment independently developed and constructed by the company, such as internal mixer, calender, extruder and other large rubber equipment, can greatly improve production efficiency, reduce corner waste and reduce error rate while reducing the number of workers, improving workers' working environment and reducing energy consumption. In addition, through the application of intelligent command system in the new production base and the embedding of intelligent units in the new production equipment, the company realizes data online monitoring and solves the existing problems such as incomplete data and difficult collection. The management can collect and analyze the production status, equipment status, energy consumption, product quality, material consumption and other information in real time, arrange production efficiently and improve the utilization rate of equipment.
At the level of logistics automation, the movement, distribution and storage of raw materials, semi-finished products and products are also important links of intelligent manufacturing. Depending on the software and hardware facilities of the industrial park, information sharing, on-time distribution and collaborative operation can be realized among various workshops of the plant, so as to effectively master the movement, scheduling and storage of materials, track and trace materials, reduce errors, reduce inventory and improve benefits.
Under digital intelligence enabled production, the company built a new rubber V-belt Intelligent Manufacturing Industrial Park to realize flexible production and lean production. While reducing labor cost and energy consumption, the company improved the level of automatic production and production efficiency. On this basis, according to the company's product positioning, undertake orders from different customer groups, effectively improve the company's product market share, and further consolidate the company's leading position in the field of rubber V-belt.
4. Feasibility of project implementation
(1) The industrial policy continues to be favorable, providing policy guidance for the implementation of the project
In recent years, a series of industrial policies and industrial plans issued by relevant national departments are conducive to the development of the tape industry, which has laid a good institutional foundation for the development of the tape industry.
In the guiding outline of the 14th five year plan for the development of the rubber industry issued by China Rubber Industry Association, it is proposed to strive to enter the intermediate stage of becoming a powerful rubber industry by the end of the 14th five year plan (2025).
In terms of raw materials, it mainly supports upstream industries such as rubber to provide a material basis for the development of the tape industry.
The tentative tariff adjustment plan for import and export in 2019 proposes that the import and export tariffs of some commodities will be adjusted from January 1, 2019, and the import tariffs of natural rubber, synthetic rubber and other raw materials to some countries will continue to be reduced.
In the downstream application field, the national policy promotes the energy-saving and environmental protection transformation and technological upgrading of these industries by supporting downstream industries such as engineering, mining, cement, mining, electric power, coal, steel and port, so as to promote the technological innovation of the upstream belt industry. For example, in the 2020 government work report, it is proposed that China will continue to implement the strategy of expanding domestic demand, accelerate the transformation of the mode of economic development, focus on supporting the "two new and one heavy" construction that not only promotes consumption and benefits the people's livelihood, but also adjusts the structure and increases the aftereffect, and encourage the construction of new infrastructure, new urbanization, transportation, water conservancy and other major projects.
The release of various favorable policies provides a good policy guarantee for the implementation of the project.
(2) Good brand and solid customer base provide market guarantee for project implementation
Over the years, the company has always adhered to the value of "quality creates value" and produced high-quality rubber V-belt products for customers. For many years in a row, the output, sales volume and market share of the company's rubber V-belt rank first in the industry. The company is the leader in the rubber V-belt industry and has a high brand awareness. In 2018, the company won the "Zhejiang manufacturing Internet integration development" demonstration enterprise and the "Zhejiang manufacturing boutique" enterprise in 2019. The " Sanlux Co.Ltd(002224) brand" rubber V-belt produced by the company is a famous brand product in China and an export famous brand product of Zhejiang Province.
At present, the company's products cover tens of thousands of specifications in cloth wrapping belt, cutting belt and other categories. The products are exported to more than 70 countries in Europe, the United States, Asia and Africa. In China, the company has become a key supplier of Chinese and foreign brands such as Yulin Diesel Engine plant, Xinchang diesel engine plant, Foton Lovol agricultural machinery, Sany Heavy Industry Co.Ltd(600031) , Germany Schaeffler and has established a strategic partnership. In addition, the company has established an extensive and stable marketing network covering all provinces in China and key foreign sales areas.
Good brand image and solid customer base provide a good market foundation for the implementation of the project, which is conducive to the digestion of the new production capacity of the rubber V-belt Industrial Park.
(3) The company has mature technology, which provides experience advantages for project implementation
As a national high-tech enterprise, the company has established a transmission technology research institute, which is a provincial enterprise technology research center in Zhejiang Province, specializing in the research and application of rubber transmission technology. Over the years of research and development, the company has accumulated rich technical achievements and exquisite craftsmanship.
Up to now, the company has participated in the preparation of automobile V-belt related industry standards such as gbt127302018, gbt11712017, gbt115442012, gb127322008, gb-t134902006, t / zzb00602016 and hgt38642008. At the same time, the company has accumulated a large number of core patents and non patented technologies, including 23 invention patents, 74 utility model patents, 7 foreign patents and 1 software copyright.
Compared with other companies, the rubber V-belt produced by the company has the advantages of high strength, impact resistance, high power, overload, non elongation, no adjustment, large friction coefficient, high transmission efficiency and long service life. The production process has been in the mature stage of industrial application, which is basically close to that of foreign developed countries.
Mature technology is conducive to maintaining the leading quality advantage of products and providing good experience support for the implementation of the project.
(4) The company has perfect quality control management to provide quality assurance for project implementation
As one of the largest rubber V-belt manufacturers in China, the company adheres to quality as the foundation, constantly practices the concept of creating value with quality, and establishes and improves the production management system in strict accordance with the requirements of ISO9001 international quality management system. After more than 20 years of development and accumulation, the company has rich experience in production management and quality control, forged stable and high-quality product quality, and participated in the preparation of relevant industry standards of rubber V-belt industry
