Securities code: Hoshine Silicon Industry Co.Ltd(603260) securities abbreviation: Hoshine Silicon Industry Co.Ltd(603260) Announcement No.: 2022035
Hoshine Silicon Industry Co.Ltd(603260)
About the company’s non-public offering of a shares
Announcement on filling measures of diluted immediate return and commitments of relevant entities
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and completeness of its contents.
Hoshine Silicon Industry Co.Ltd(603260) (hereinafter referred to as “the company”) the issue of non-public offering of A-Shares in 2022 has been deliberated and adopted at the 11th meeting of the third board of directors held on May 19, 2022. To guarantee investment
The investors have the right to know and safeguard the interests of investors. According to relevant requirements, the commitments made by the company on the impact of the diluted immediate return of this issuance on the company’s main financial indicators, the filling measures taken by the company and the measures to be taken by relevant subjects to ensure the effective implementation of the company’s filling return are as follows:
1、 Potential impact of diluted immediate return of this non-public offering on the company’s main financial indicators (I) assumptions
1. The non-public offering was completed at the end of November 2022 (the completion time of the non-public offering is only for calculation, and the final time shall be subject to the actual completion time of the offering).
2. The number of shares in this non-public offering is 105580692 shares (the number of shares issued is only an estimate, and the final number of shares approved by the CSRC and actually issued shall prevail); The total amount of funds raised from the non-public offering of A-Shares is 700000 yuan, excluding the impact of deducting the issuance expenses.
3. No major changes have taken place in the macroeconomic environment, industrial policies and industrial development.
4. The impact of the use of funds raised from this non-public offering on the company’s production and operation and financial status (such as financial expenses and investment income) is not considered.
5. Based on the total share capital of 1074165577 shares of the company as of May 19, 2022, this time is not considered
The impact of factors other than the number of shares issued on the total share capital of the company.
6. It is assumed that the net profit attributable to the shareholders of the parent company in 2022 and the net profit attributable to the shareholders of the parent company after deducting non recurring profits and losses are calculated according to the performance change ranges of – 10.00%, 0.00% and 10.00% respectively on the basis of the same period of the previous year. This assumption is only used to calculate the impact of the diluted immediate return of the issued shares on the main financial indicators, does not represent the company’s judgment on the operation and trend in 2022, nor does it constitute the company’s profit forecast.
7. On April 27, 2022, the company held the 10th meeting of the third board of directors and adopted the profit distribution plan for 2021 (hereinafter referred to as “the plan”). The plan takes the total share capital of the company as 1074165577 shares by the end of 2021 as the base, and distributes cash dividends of 15.10 (including tax) for every 10 shares, with a total cash dividend of 162199 Nanji E-Commerce Co.Ltd(002127) yuan (including tax). There is no conversion of capital reserve into share capital. The total share capital after this distribution is 1074165577 shares. The company’s 2021 profit distribution plan has been deliberated and approved by the company’s 2021 annual general meeting of shareholders and has not been implemented yet.
8. It is assumed that the hypothetical number of equity attributable to shareholders of the parent company at the end of 2022 = the number of equity attributable to shareholders of the parent company at the end of 2021 – the amount of profit distribution in 2021 + the hypothetical number of net profit attributable to shareholders of the parent company in 2022 + the total amount of funds raised this time.
The above assumptions are only based on the purpose of calculation and do not constitute commitment, profit forecast and performance commitment. Investors should not make investment decisions based on this assumption. If investors make investment decisions based on this assumption and cause losses, the company will not be liable for compensation.
(II) calculation process
Based on the above assumptions, the impact of diluted immediate return on the company’s main financial indicators is calculated as follows:
This issue will not be considered before this issue. After this issue
Project (2021) (2022) (2022)
/202112.31） /202212.31） /202212.31）
Total share capital (shares) 107416557710741655771179746269
Weighted total share capital (shares) 100608278910741655771082963968
Scenario 1: the net profit attributable to the shareholders of the parent company in 2022 decreased by 10% compared with the previous year
Owner’s rights attributable to the parent company at the end of the period 201192720422725887723086913288772308691 (yuan)
Net capital per share attributable to shareholders of the parent company 18.73 24.10 27.88 yuan / share
Net profit attributable to the parent company (yuan): 821160118434739044106591739044106591
Net profit attributable to parent company after deducting non recurring profit and loss: 817562358324735806122492735806122492 (yuan)
Basic earnings per share after deducting non recurring profits and losses: 8.13 6.85 6.79 (yuan / share)
Diluted earnings per share after deducting non recurring profits and losses 8.13 6.85 6.79 (yuan / share)
Assumption 2 of weighted 54.94% 31.99% 25.04% average return on net assets after deducting non recurring profits and losses: the company’s net profit attributable to shareholders of the parent company in 2022 remains unchanged compared with the previous year
Owner’s rights attributable to the parent company at the end of the period: 201192720422726708883205343370888320534 (yuan)
This issue will not be considered before this issue. After this issue
Project (2021) (2022) (2022)
/202112.31） /202212.31） /202212.31）
Net capital per share attributable to common shareholders 18.73 24.86 28.57 yuan / share
Net profit attributable to the parent company (yuan): 821160118434821160118434821160118434
Net profit attributable to the parent company after deducting non recurring profit and loss (RMB)
Basic earnings per share of 8.13 7.61 7.55 after deducting non recurring profits and losses (yuan / share)
Diluted earnings per share after deducting non recurring profits and losses 8.13 7.61 7.55 (yuan / share)
Assumption 3 of weighted 54.94%, 34.92%, 27.06% average return on net assets after deducting non recurring profits and losses: the company’s net profit attributable to shareholders of the parent company in 2022 increased by 10% over the previous year
Owner’s rights attributable to the parent company at the end of the period: 2011927204227275304332377345 Lens Technology Co.Ltd(300433) 32377 profit (yuan)
Net capital per share attributable to common shareholders 18.73 25.63 29.27 yuan / share
Net profit attributable to the parent company (yuan): 82116018434903276130277903276130277
Net profit attributable to the parent company after deducting non recurring profit and loss: 817562358324899318594156899318594156 (yuan)
Basic earnings per share after deducting non recurring profits and losses 8.13 8.37 8.30 (yuan / share)
Diluted earnings per share after deducting non recurring profits and losses 8.13 8.37 8.30 (yuan / share)
Weighted 54.94%, 37.75%, 28.98% average return on net assets after deducting non recurring profits and losses
According to the above calculation, after the completion of this non-public offering, the company’s current basic earnings per share and weighted average return on net assets will be diluted to a certain extent.
2、 Risk tips for diluted immediate return of this offering
After the funds raised from this non-public offering are in place, the total share capital and net assets of the company will increase accordingly. In the short term after the funds raised are in place, the growth rate of the company’s net profit may be lower than that of net assets and total share capital, the financial indicators such as earnings per share and weighted average return on net assets will decline to a certain extent, and there is a risk that the shareholders’ immediate return will be diluted.
At the same time, the assumed value of the company’s relevant financial data in 2022 is to facilitate the calculation of relevant financial indicators, which does not represent the company’s judgment on the business situation and trend in 2022, nor does it constitute the company’s profit forecast and performance commitment. Investors should not make investment decisions based on the above assumptions.
Investors are hereby reminded to pay attention to the risk of diluting the immediate return of this non-public offering.
3、 Necessity and feasibility of this non-public offering
The total amount of funds raised from this non-public offering of A-Shares shall not exceed 700000 yuan, deducting the issuance expenses
It will be used to supplement working capital.
(II) analysis on the necessity of using the raised funds
1. Meet the capital demand brought by the increasing expansion of business scale
In recent years, the company’s business has developed rapidly, with a large scale of production and sales and operating income. In 2019, 2020, 2021 and the first quarter of 2022, the company’s operating revenue was 8.939 billion yuan, 8.968 billion yuan, 21.343 billion yuan and 6.390 billion yuan respectively. With the continuous growth of business scale and production capacity in the future, the company’s demand for working capital is becoming stronger and stronger. After the raised funds are in place, the replenishment of working capital will effectively alleviate the capital pressure of the company’s development, improve the company’s operating efficiency and lay a solid foundation for the continuous expansion of the company’s business scale.
2. Optimize the capital structure and improve the ability to resist risks
By the end of March 2022, the company’s total liabilities were RMB 11.596 billion, including current liabilities of RMB 9.005 billion. The company has certain operating pressure. The company’s non-public offering of A-Shares to raise funds can optimize the company’s capital structure, increase the stability and adequacy of working capital, and improve the company’s anti risk ability and market competitiveness. 3. Actual controller subscription to enhance market confidence
The subscription objects of this non-public offering, Ms. Luo Yi and Mr. Luo Yedong, are the shareholders and actual controllers of the company. After the completion of this offering, the control of the company has been further strengthened. This time, Ms. Luo Yi and Mr. Luo Yedong subscribed for non-public shares in cash, which fully shows the actual controller’s support for the development of the company and confidence in the future prospects of the company, which is conducive to maintaining the stability of the securities market, protecting the interests of all shareholders and establishing a good market image of the company.
(III) feasibility analysis on the use of the raised funds
1. The use of the funds raised in this non-public offering complies with the provisions of laws and regulations
The use of the funds raised by the company’s non-public offering complies with relevant policies, laws and regulations and is feasible. After the funds raised from this non-public offering are in place, the company’s asset liability ratio will be reduced, which is conducive to improving the company’s capital structure, reducing financial risks, improving profitability and improving sustainable development ability.
2. The issuer of this non-public offering has standardized governance and improved internal control
According to the governance standards of listed companies, the company has established a modern enterprise system with the corporate governance structure as the core, and formed a more standardized corporate governance system and a perfect internal control environment through continuous improvement and perfection
