Stock Code: 360 Security Technology Inc(601360) stock abbreviation: 360 Security Technology Inc(601360) 360 Security Technology Inc(601360)
Change of investment projects with raised funds
Feasibility study report
April 2022
catalogue
1、 Overview of investment projects with raised funds two
(I) this non-public offering of shares to raise funds for investment projects two
(II) investment projects with raised funds after change 2. Feasibility analysis of the investment project with raised funds to be adjusted three
(I) 360 Cyberspace Security R & D center project three
(II) 360 new generation AI innovation R & D center project eight
(III) 360 big data center construction project 11 III. analysis of the reasons for the termination of the raised capital investment project to be terminated fifteen
(I) 360 intelligent search and commercialization project fifteen
(II) 360 interactive entertainment platform project sixteen
(III) 360 traffic anti fraud platform project seventeen
(IV) 360 smart children's ecosystem project, 360 smart IOT project seventeen
(V) 360 new smart city project 18 IV. impact of this change on the company's operation, management and financial situation nineteen
(I) the impact of this change on the company's operation and management nineteen
(II) the impact of this change on the company's financial situation 20 v. feasibility analysis conclusion of this change twenty
1、 Overview of investment projects with raised funds
(I) investment projects raised by this non-public offering of shares
With the approval of the reply on approving 360 Security Technology Inc(601360) non-public Development Bank shares (zjxk [2020] No. 656) issued by the China Securities Regulatory Commission, 360 Security Technology Inc(601360) (hereinafter referred to as " 360 Security Technology Inc(601360) ", "listed company" or "company") issued 381308030 RMB ordinary shares at an issue price of 12.93 yuan per share, raising a total of 493031282790 yuan, After deducting the issuance expenses excluding value-added tax, the net amount of raised funds is RMB 483867159097.
The planned investment of the company's original non-public offering of shares and the actual investment of the raised funds as of December 31, 2021 are as follows:
Unit: 10000 yuan
No. project name total investment planned to be invested and raised cumulative amount of invested and raised funds amount of raised funds
1 360 Cyberspace Security R & D center project 84928515147969-
2 360 new generation AI innovation R & D center project 1456825111581940-
3 360 big data center construction project 50329750444763506292704
4 360 intelligent search and commercialization project 1864430677116911660056
5 360 interactive entertainment platform project 993383948632142402713
6 360 traffic anti fraud platform project 91543548760858-
7 360 smart children's ecosystem project 94110012591576-
8 360 smart IOT project 52105224479236-
9 360 new smart city project 66543315506107-
Total 1323992059511894110355473
(II) investment projects with raised funds after change
Due to the changes in the market environment for the construction of the raised investment project and the company's development strategy, the company has re demonstrated the feasibility of the raised investment project from the perspective of prudent operation and being responsible to all shareholders, and plans to re allocate funds according to the priorities of the project.
The company plans to adjust 360 Cyberspace Security R & D center project, 360 new generation artificial intelligence innovation R & D center project and 360 big data center construction project, re plan the implementation subject, investment scale, construction cycle and construction content of the project, and terminate the implementation of 360 intelligent search and commercialization project, 360 interactive entertainment platform project, 360 traffic anti fraud platform project, 360 intelligent children's ecosystem project 360 smart IOT project, 360 new smart city project.
The investment amount of the raised funds to be changed this time is 3911634100 yuan, including the balance of the raised funds of 3803124300 yuan, and the net amount of the interest income of the raised funds deducting bank charges is 1085098 million yuan. After this re planning, the total investment of 360 Cyberspace Security R & D center project is planned to be 2373610200 yuan, and the raised fund is planned to be 234031200 yuan; 360 new generation AI innovation R & D center project, with a total investment of 223230500 yuan and a raised fund of 178 million yuan; 360 big data center construction project, with a total investment of 2022 Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) yuan, plans to use 2022 Zhejiang Huatie Emergency Equipment Science & Technology Co.Ltd(603300) yuan of raised funds (including 629270400 yuan of raised funds actually used in the early stage).
The difference between the total amount of raised funds planned to be used and the total investment is planned to be made up with its own funds. The details after the change are as follows:
Unit: 10000 yuan
No. project name total investment planned to be invested in raised funds amount to be invested amount of raised funds amount of raised funds
1 360 Cyberspace Security R & D center project 237361022340301223403012
2 360 new generation AI innovation R & D center project 2232305178 Shenzhen China Bicycle Company (Holdings) Limited(000017) 80000
3 360 big data center construction project 2022 Zhejiang Dibay Electric Co.Ltd(603320) 22 Healthcare Co.Ltd(603313) 933329
Total 461944404540904539116341
Note: the amount of raised funds to be invested by the company in the above table is the balance of the special account for raised funds as of December 31, 2021. The amount of interest income generated by temporarily idle funds from January 1, 2022 to the completion of project construction deducting bank charges will also be invested in the construction of the above projects as needed.
2、 Feasibility analysis of the investment project with raised funds to be adjusted
(I) 360 Cyberspace Security R & D Center Project
1. Planned investment and actual investment of the original project
The 360 Cyberspace Security R & D center project is expanded and upgraded based on the characteristics of the traditional network security industry, including R & D in five aspects: system security, network security, Internet of things (IOT) security, big data security and industrial Internet security.
The construction period of the project is 2 years. It is planned to build a new office space in Tianjin Huayuan Industrial Park and carry out the project construction in the new office space; Before the construction of new office space is completed, the existing office space can be used or leased for project construction in advance. The implementation subject of the project is Beijing Qihoo Technology Co., Ltd. (hereinafter referred to as "Qihoo technology"), a wholly-owned subsidiary of the company. The proposed investment amount is 849285100 yuan, including 514796900 yuan from the raised funds.
As of the date of this report, the project has not been actually put into construction.
2. Specific reasons for change
Since 2020, with the rapid development of digital society, the superimposed epidemic has been fermenting all over the world, major global network security events have occurred frequently, and various attack means such as supply chain attack, blackmail attack, industrial control equipment attack, apt attack and data theft have emerged one after another. The traditional network security development idea guided by compliance requirements is gradually changing. Coping with new network threats with "combat, confrontation, attack and defense thinking" has become a new development direction of network security. In the future, apt organized and organized cyber crime will become the biggest threat to network security. The targets, methods and damages of cyber attacks break through the Convention, and the threat continues to escalate.
With the advent of the era of digital economy, emerging technologies such as cloud computing, big data and the Internet of things are deeply applied in various industries, and profound changes are taking place in various industries in terms of production mode, business model and management mode. Digital economy has become a national strategy. Governments at all levels and traditional enterprises will become the protagonists of digitization. Data security, cloud security and Internet of things security are facing new technological challenges. New security scenarios such as the Internet of vehicles and smart city are emerging, resulting in challenges that traditional network security fragmentation defense cannot cope with. Governments and enterprises urgently need to build a new network security system integrated with digital business.
In order to further adapt to the collectivization and high-end characteristics of network security threats and meet the new requirements of digital security development, the company made strategic adjustment in 2021, released the strategic goal of building a national distributed security brain at the ISC conference in July, upgraded the digital security strategy and released the first digital security framework system in December. In 2022, the company will start the first year of digital security and comprehensively transform into a digital security company. Based on the latest development strategy and R & D strategy, the company plans to adjust the investment scale and construction content of the project after careful research.
3. Specific content of change
(1) Implementation subject
The implementation subject of the project is proposed to be changed from Beijing Qihoo Technology Co., Ltd. (hereinafter referred to as "Qihoo technology") to 360 Security Technology Inc(601360) Digital Security Technology Group Co., Ltd. (hereinafter referred to as "digital security group"). Digital security group, a wholly-owned subsidiary of a listed company, is the core subject of the company to carry out government enterprise security business and security research and development.
(2) Investment scale
Since safety business is the strategic focus of the company at this stage, the investment of the project is increased to 2373610200 yuan. The details of the adjusted investment composition are as follows:
Unit: 10000 yuan
No. investment amount of investment project to be invested yet to be invested
Amount of raised funds amount of raised funds
1. Equipment purchase cost 801.71 801.71 801.71
2. Other construction expenses 236504512332284123322841
2.1 including: site rental fee 565996267815267815
2.2 IDC cloud computing rental fee 553047455304745530474
2.3 purchase fee of professional technical services 318667631866763186676
2.4 salary of R & D personnel 143378761433787614337876
2.5 others 294.30 --
3. Reserve fund
