Securities code: Sanlux Co.Ltd(002224) securities abbreviation: Sanlux Co.Ltd(002224) Announcement No.: 2022008
Bond Code: 128039 bond abbreviation: Sanli convertible bond
Report on the use of previously 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.
In accordance with the provisions of the China Securities Regulatory Commission on the report on the use of the previously raised funds (Zheng Jian FA FA Zi [2007] No. 500), the company will report the use of the previously raised funds as of December 31, 2021 as follows:
1、 Basic information of previously raised funds
Approved by the reply on approving Sanlux Co.Ltd(002224) public issuance of convertible corporate bonds (zjxk [2018] No. 285) of the China Securities Regulatory Commission, the company publicly issued 6.2 million convertible corporate bonds on June 8, 2018, with an issue price of 100 yuan each and a total raised capital of 620 million yuan. After deducting the relevant issuance expenses of 15.634 million yuan, the net amount of funds actually raised was 604366 million yuan. All the above raised funds have been in place. Lixin Certified Public Accountants (special general partnership) verified the funds raised by the company’s public offering of convertible corporate bonds, and issued the capital verification report (xksbz [2018] No. zf10523) on June 14, 2018. The company has adopted a special account storage system for the raised funds.
As of December 31, 2021, the deposit of the company’s previously raised funds in the bank account is listed as follows:
Name of raised fund storage bank account name account nature closing balance
(yuan)
China Merchants Bank Co.Ltd(600036) Shaoxing Ke
Sanlux Co.Ltd(002224) 575902239610190 cancelled 0.00
Bridge sub branch Industrial Bank Co.Ltd(601166) Shaoxing Branch Zhejiang Sanlux Co.Ltd(002224) Intelligent Equipment Manufacturing Co., Ltd
Company 359 Tcl Technology Group Corporation(000100) 10469298 cancelled 0.00
Bank China Zheshang Bank Co.Ltd(601916) Shaoxing yuezhejiang Sanlux Co.Ltd(002224) Intelligent Equipment Manufacturing Co., Ltd
Division 3371020110120100103345 cancelled 0.00
City sub branch
Total 0.00
2、 Deposit and management of raised funds
(I) comparison table of the use of the previously raised funds
Please refer to attached table 1 for the comparison table of the use of the previously raised funds.
(II) changes in the actual investment projects of the previously raised funds
1. On May 21, 2020, the 31st meeting of the 6th board of directors and the 23rd Meeting of the 6th board of supervisors held by the company deliberated and adopted the proposal on changing the implementation location of some investment projects with raised funds, The company changed the implementation location of “automatic control system” from Yuzhu Industrial Park, Keyan street, Keqiao District, Shaoxing City, Zhejiang Province to Sanlux Co.Ltd(002224) intelligent equipment Industrial Park, Keyan street, Keqiao District, Shaoxing City, Zhejiang Province. The independent directors, the board of supervisors and the recommendation institution of the company expressed their consent on this matter.
2. On April 27, 2021, the second meeting of the seventh board of directors and the second meeting of the seventh board of supervisors held by the company deliberated and adopted the proposal on the closing and termination of investment projects funded by public issuance of convertible corporate bonds and permanently replenishing the surplus raised funds with working capital. The independent directors, the board of supervisors and the recommendation institution of the company expressed their consent on this matter. On May 19, 2021, the 2020 annual general meeting of shareholders held by the company deliberated and approved the proposal on the closing and termination of investment projects funded by public issuance of convertible corporate bonds and permanently replenishing the surplus raised funds with working capital, and decided to terminate the unfinished “new project with an annual output of 150 intelligent unmanned submersibles” among the investment projects funded by public issuance of convertible corporate bonds, The surplus raised funds after the termination of the raised investment project shall be used to permanently supplement the working capital.
(III) use of temporarily idle raised funds
1. On June 29, 2018, the seventh meeting of the sixth board of directors of the company deliberated and approved the proposal on the use of some temporarily idle raised funds for cash management, and agreed that the company would not affect the construction of investment projects of raised funds, change the use of raised funds, affect the normal operation of the company and ensure the safety of funds, Use the temporarily idle raised funds of no more than RMB 300 million for cash management, which is valid for 12 months from the date of deliberation and approval by the board of directors of the company, and the investment term of a single short-term structural deposit shall not exceed 12 months. Within the validity period and limit of authorization, the funds can be recycled and used in a rolling manner. The independent directors, the board of supervisors and the recommendation institution of the company expressed their consent on this matter.
On June 29, 2018, Zhejiang Sanlux Co.Ltd(002224) Intelligent Equipment Manufacturing Co., Ltd., a subsidiary, used idle raised funds of 200 million yuan and 100 million yuan to purchase structured deposit products of Industrial Bank Co.Ltd(601166) Shaoxing Branch and China Zheshang Bank Co.Ltd(601916) Shaoxing Yuecheng sub branch respectively. For details, see the announcement on the progress of cash management using some temporarily idle raised funds disclosed by the company on July 3, 2018.
Industrial Bank Co.Ltd(601166) Shaoxing Branch’s structured deposit product expired on June 28, 2019 and has redeemed 2101721 million principal and wealth management income, China Zheshang Bank Co.Ltd(601916) shares on June 28, 2019
The structured deposit product of Shaoxing Yuecheng sub branch of Co., Ltd. expired on June 29, 2019. Due to non working days, the principal and financial income of 1050714 million yuan were redeemed on July 1, 2019.
2. On July 2, 2019, the 21st Meeting of the sixth board of directors of the company deliberated and approved the proposal on using some temporarily idle raised funds for cash management, and agreed that the company would not affect the construction of investment projects of raised funds, change the use of raised funds in the same phase, affect the normal operation of the company and ensure the safety of funds, The temporary idle raised funds of no more than 150 million yuan shall be used for cash management, which shall be valid within 6 months from the date of deliberation and approval by the board of directors of the company, and the investment term of a single short-term structural deposit shall not exceed 6 months. Within the validity period and limit of authorization, the funds can be recycled and used in a rolling manner. The independent directors, the board of supervisors and the recommendation institution of the company expressed their consent on this matter.
On July 4, 2019, the subsidiary Zhejiang Sanlux Co.Ltd(002224) intelligent Equipment Manufacturing Co., Ltd. used idle raised funds of RMB 100million and RMB 50million to purchase the structured deposit products of Industrial Bank Co.Ltd(601166) shaoxing branch and China Zheshang Bank Co.Ltd(601916) shaoxing Yuecheng sub branch. For details, please refer to the announcement on the progress of cash management using some temporarily idle raised funds disclosed by the company on July 5, 2019. Both of the two structured deposit products are due on December 30, 2019, Industrial Bank Co.Ltd(601166) Shaoxing Branch’s structured deposit products have redeemed the principal and financial income of 1019077 million yuan on December 30, 2019, China Zheshang Bank Co.Ltd(601916) Shaoxing Yuecheng sub branch’s structured deposit products have redeemed the principal and financial income of 509079 million yuan on December 31, 2019.
As of December 31, 2021, the company’s previous raised funds had purchased structured deposit products of RMB 45 million, matured structured deposit products of RMB 45 million, and there were no undue structured deposit products.
(IV) the difference between the actual total investment and the commitment of the project raised funds in the previous time and the explanation of the reasons
Monetary unit: RMB 10000
Actual investment amount and commitment
Reasons for the difference between the promised investment amount and the actual investment amount of the investment project
Difference in investment amount
Annual output of 150 intelligent unmanned submersibles new project 40 China Vanke Co.Ltd(000002) 722362 – 1277638 note 1
Intelligent storage and distribution center construction project 16 Ping An Bank Co.Ltd(000001) 028408 – 571592 note 2
Full automatic control system project 4436 Noblelift Intelligent Equipment Co.Ltd(603611) 21 -825.39 note 2
Total 60436604111891 – 1931769
Note 1: due to the changes in the market and the intensification of industry competition, the “new project with an annual output of 150 intelligent unmanned submersibles” has been affected by many factors in the actual implementation process of the company’s project, which can not reach the expected usable state within the planned time, and obtain favorable market share and expected profit level. In order to better improve the use efficiency of funds and protect the interests of shareholders, combined with the actual operation of the company, the company terminated the implementation of the raised investment project.
Note 2: the main reasons for the difference between the actual investment amount of raised funds and the committed investment amount are as follows:
(1) On the premise of ensuring the smooth progress of the project, the company makes full use of the existing technical advantages and industry experience to optimize all links of the project and strengthen cost control and management; In the process of project construction, based on the principle of economy and rationality, the raised funds are used scientifically and prudently, and the existing production layout and shared infrastructure are fully utilized, which saves a lot of preliminary engineering construction costs;
(2) During the implementation of the project, according to the technical innovation, the company optimized and improved the design layout of the original project and the transformation of process flow, so that the procurement cost can be effectively controlled. In terms of equipment selection, the company compared prices in many ways, gave full play to the procurement advantages, and saved equipment procurement expenses.
3、 Economic benefits generated by the investment project with the previously raised funds
（1） Comparison table of realized benefits of investment projects with previously raised funds
Please refer to attached table 2 for the comparison table of the realized benefits of the investment projects with the previously raised funds.
（2） Reasons and conditions for the inability to separately calculate the benefits of the investment projects invested with the previously raised funds
1. By implementing the construction project of intelligent storage and distribution center, the company has built a new intelligent storage and distribution center to increase the storage area, implement centralized management and improve the automation level. After the implementation of the project, the storage and distribution capacity of the company has been improved, and an intelligent storage and distribution center has been built nearby the production base, which helps to supply raw materials in time and store finished products nearby, reduce goods loss, improve production and operation efficiency, reduce distribution costs and maintain the optimal inventory level. However, the project cannot directly generate economic benefits, so the benefits cannot be calculated separately.
2. By implementing the project of building a fully automatic control system, the company has optimized the company’s information management system, reduced the repeated collection of information by various functional departments of the enterprise, saved manpower costs, improved information utilization and timeliness, and improved production and sales efficiency. The project is more effective in the automatic management of all departments of the company, which does not directly produce benefits, and the relevant cost savings are difficult to quantify, Therefore, the benefits of the project cannot be calculated separately.
（3） The difference between the accumulated realized income and the promised accumulated income of the investment project with the previously raised funds
The newly built project with an annual output of 150 intelligent unmanned submersibles invested in the project with the previous raised funds is based on the fact that the project meets the requirements of the national industrial development strategy and is predicted to have good industrial development prospects and profitability after sufficient feasibility demonstration in the early stage. The industry in which the project is located has achieved certain development in the past two years. However, due to the entry of a large number of Chinese institutions into the industry, there are more than 50 underwater Siasun Robot&Automation Co.Ltd(300024) enterprises in China by 2020, resulting in fierce competition in the industry, which makes the company’s projects suffer from many factors in the actual implementation process
