Stock abbreviation: Bozhon Precision Industry Technology Co.Ltd(688097) Stock Code: Bozhon Precision Industry Technology Co.Ltd(688097) reply report on the examination and inquiry letter of Bozhon Precision Industry Technology Co.Ltd(688097) to the application documents for issuing shares to specific objects
Sponsor (lead underwriter)
(401, building B7, Qianhai Shenzhen Hong Kong fund Town, 128 guiwan fifth road, Nanshan street, Qianhai Shenzhen Hong Kong cooperation zone, Shenzhen) may 2022
Shanghai Stock Exchange:
We have received your inquiry letter on the examination and approval of the application documents for Bozhon Precision Industry Technology Co.Ltd(688097) issuing shares to specific objects (szkss (refinancing) [2022] No. 68) (hereinafter referred to as the “inquiry letter”). After receiving the inquiry letter, Bozhon Precision Industry Technology Co.Ltd(688097) (hereinafter referred to as ” Bozhon Precision Industry Technology Co.Ltd(688097) ,” company “,” applicant “or” issuer “) together with Huatai United Securities Co., Ltd. (hereinafter referred to as” sponsor “) and Shanghai Chengming Zezheng law firm (hereinafter referred to as” issuer’s lawyer “or” applicant’s lawyer “), Lixin Certified Public Accountants (special general partnership) (hereinafter referred to as” reporting accountant “), Implement the questions raised in the inquiry letter one by one, and modify and supplement the application documents of Bozhon Precision Industry Technology Co.Ltd(688097) to issue shares to specific objects as required. The implementation of relevant issues in the inquiry letter is reported as follows. Please review it.
Unless otherwise specified, the abbreviations or terms quoted in this reply report have the same meanings as those in the prospectus for offering A-share securities to specific objects in Bozhon Precision Industry Technology Co.Ltd(688097) 2022. The data listed in this paper may have mantissa differences with the sum of the data directly added due to rounding. The font in this reply represents the following meanings:
Bold: questions listed in the feedback
Song typeface: reply to the questions listed in the feedback
Italics: amendments and supplements to the application documents
catalogue
Question 1: about the fund-raising project 4 question 2: about the previous fund-raising project Question 3: about benefit calculation Question 4: About replenishing liquidity and liquidity risk Question 5: about financial investment Question 6: about the operation 102 question 7: others Question 1: about this fund raising project
According to the application materials: (1) the issuer intends to use the raised funds of 746 million yuan and 480 million yuan to invest in the production expansion construction project of automation equipment in the new energy industry and the upgrading project of automation equipment in the consumer electronics industry (hereinafter referred to as the new energy project and consumer Electronics Project), of which the equipment purchase cost is 6263838 million yuan and 4209767 million yuan respectively; (2) The issuer intends to use the raised capital of 225 million yuan to invest in the new R & D center project for the construction of advanced laboratories, the introduction of high-precision R & D and testing equipment, and the R & D of new products and technologies including semiconductor equipment; (3) In the new energy project, at present, only Contemporary Amperex Technology Co.Limited(300750) one customer of power lithium battery generates income, which has been paid attention by the sponsor; (4) As of September 30, 2021, the book values of the issuer’s machinery and equipment and electronic equipment were 410595 million yuan and 176639 million yuan respectively.
Please explain: (1) up to now, the company has signed cooperation agreements or intended orders with relevant vehicle enterprises on lithium battery equipment, as well as the transformation of sales orders, and explain the rationality and feasibility of the company’s investment in lithium battery production equipment in combination with the situation of technology, personnel, market, customers and orders; (2) In combination with the differences in products, application fields and production processes, explain the differences and connections between the former project and the current project, and whether they are essentially the same project; (3) In combination with the company’s current fixed assets scale and existing production capacity scale, explain the rationality that the equipment purchase of this raised investment project is much higher than the existing assets scale, and explain the digestion measures of under construction and new production capacity in combination with orders in hand, intentional contracts, market space, market competition pattern, etc; (4) The specific content, calculation basis, capital investment direction and price fairness of each construction investment project in new energy projects and consumer electronics projects, the content, quantity and purpose of the equipment to be invested, the matching relationship with the new production capacity, the difference with the company’s existing equipment and whether it is universal, and further analyze the rationality of the content and scale of the newly purchased equipment, Whether the project construction funds will be used to supplement the working capital; (5) Whether there is a significant difference between the content, quantity, purpose and price fairness of the software and hardware equipment to be purchased for the new R & D center project, and the specific composition of R & D expenses and the composition of R & D expenses of the issuer during the reporting period; (6) The current progress of each raised investment project, the investment before the issuer’s board of directors deliberates the issuance plan, and whether the raised funds are used to replace the investment before the board of directors deliberates.
The recommendation institution and the reporting accountant are requested to verify the above matters and express clear opinions.
reply:
1、 Issuer description
(I) up to now, the company has signed cooperation agreements or intended orders with relevant vehicle enterprises on lithium battery equipment and the transformation of sales orders. In combination with the situation of technology, personnel, market, customers and orders, explain the rationality and feasibility of the company’s investment in lithium battery production equipment
1. Up to now, the company has signed cooperation agreements or intended orders with relevant vehicle enterprises on lithium battery equipment and the transformation of sales orders
(1) Signing of cooperation agreement or intention order
① Lithium battery equipment field
The customers and potential customers of the company’s lithium battery production equipment are mainly lithium battery manufacturers and enterprises related to the lithium battery industry chain. As of March 31, 2022, the company’s orders for new energy lithium battery automation equipment and related accessories were 6176219 million yuan. At present, the customer certification of the issuer’s lithium battery equipment has made good progress. The company’s customers who have realized the sales revenue of lithium battery equipment and related supporting products mainly include the following enterprises:
No. customer or group name basic information
Contemporary Amperex Technology Co.Limited(300750) ( Contemporary Amperex Technology Co.Limited(300750) . SZ) is a leading power battery system provider in the world, focusing on the R & D, production and 1 Contemporary Amperex Technology Co.Limited(300750) sales of power battery system and energy storage system of new energy vehicles. Among them, in terms of power batteries, Contemporary Amperex Technology Co.Limited(300750) 20172020 ranked first in the world for four consecutive years, with customers including Tesla, Hyundai, Ford, Daimler, Great Wall Motor Company Limited(601633) , ideal, Weilai, etc.
Specific customers include Dongguan xinnengde Technology Co., Ltd., Ningde New Energy Technology Co., Ltd., Dongguan xinneng’an Technology Co., Ltd. and other enterprises affiliated to ATL group. ATL is a well-known lithium-ion battery manufacturer in the industry, mainly providing high-quality rechargeable lithium-ion battery cell, packaging and system integration solutions.
Specific customers include Sunwoda Electronic Co.Ltd(300207) , Sunwoda Electronic Co.Ltd(300207) Electronics (India) Co., Ltd.
3 Sunwoda Electronic Co.Ltd(300207) Sunwoda Electronic Co.Ltd(300207) ( Sunwoda Electronic Co.Ltd(300207) . SZ) is a leading provider of lithium battery module solutions and products in China, mainly engaged in the R & D, production and sales of lithium battery modules. Since 2017, it has focused on the field of power batteries. At present, it has formed a business pattern dominated by consumer lithium batteries and power lithium batteries.
Specific customers include Huizhou Shenzhen Desay Battery Technology Co.Ltd(000049) Co., Ltd., a subsidiary of Shenzhen Desay Battery Technology Co.Ltd(000049) and Huizhou Desai Automation Technology Co., Ltd.
4 Shenzhen Desay Battery Technology Co.Ltd(000049) Shenzhen Desay Battery Technology Co.Ltd(000049) ( Shenzhen Desay Battery Technology Co.Ltd(000049) . SZ) China’s leading lithium battery manufacturer, mainly focuses on the business layout of lithium battery industry chain, and its business scope covers the packaging and integration of small and medium-sized lithium batteries, large power batteries, energy storage batteries and other power management systems and packaging and integration businesses.
Specifically, it includes 5 Shanghai Putailai New Energy Technology Co.Ltd(603659) division of Dongguan Chaohong automation equipment Co., Ltd., a subordinate enterprise of Shanghai Putailai New Energy Technology Co.Ltd(603659) and Jiangsu Beijing Centergate Technologies (Holding) Co.Ltd(000931) Jiatuo new energy equipment Co., Ltd.
Shanghai Putailai New Energy Technology Co.Ltd(603659) ( Shanghai Putailai New Energy Technology Co.Ltd(603659) . SH) is a supplier of key materials and automation process equipment for lithium ion batteries.
6. Taipu power new energy (a subsidiary of changxinpu technology group, mainly engaged in large-scale industrial energy storage lithium ion electric cooking) Co., Ltd. battery, power lithium ion battery and other businesses.
No. customer or group name basic information
Samsung (Tianjin) Battery Co., Ltd. is a holding subsidiary of Samsung SDI. Samsung SDI is a subsidiary of SamSung group. 7 company’s main business covers automotive power batteries, energy storage systems, small lithium-ion batteries and electronic materials.
8 Wanxiang 123 Co., Ltd. is a professional lithium-ion power battery manufacturer under Wanxiang Group.
Ningbo Shanshan Co.Ltd(600884) ( Ningbo Shanshan Co.Ltd(600884) . SH) Ningbo Shanshan Co.Ltd(600884) business covers lithium-ion battery materials, battery system integration (including lithium-ion capacitor and power battery 9, Anhui Shanyue Technology Co., Ltd. pack), energy management services, charging pile construction and new energy vehicle operation. It is Contemporary Amperex Technology Co.Limited(300750) , LG, ATL, Farasis Energy (Gan Zhou) Co.Ltd(688567) , Zhuhai Guanyu, Eve Energy Co.Ltd(300014) , Byd Company Limited(002594) Sunwoda Electronic Co.Ltd(300207) and other lithium battery material suppliers of mainstream manufacturers at home and abroad.
10 varta microbattery is subordinate to clarios keruish, a global advanced energy storage solution provider. It mainly provides automotive batteries to Audi, BMW, Mercedes Benz, etc.
11. Xingheng power supply Co., Ltd., a member enterprise of Lenovo holdings, is a high-tech enterprise specializing in automotive power lithium batteries.
12 Zhuhai Cosmx Battery Co.Ltd(688772) Battery Co., Ltd. is a manufacturer of polymer soft encapsulated lithium-ion batteries, and its products cover consumer lithium-ion batteries Co., Ltd. and power lithium-ion batteries.
As of the date of issuance of this reply, in addition to the above customers who have generated revenue, the customers of the company’s new energy vehicle charging and replacement power station business currently have obtained orders include Anhui Nandu Huatuo New Energy Technology Co., Ltd. Zhejiang Mustang Battery Co.Ltd(605378) and so on.
② New energy vehicle charging and replacement power station
As of March 31, 2022, the amount of orders in hand for the equipment of the company’s new energy charging and replacement power station was 416317 million yuan. The company’s customers who have realized the sales revenue of new energy vehicle charging and replacement power station and related supporting products mainly include the following enterprises:
No. customer or group name basic information
Specific customers include Zhejiang Jizhi New Energy Automobile Technology Co., Ltd., 1 Geely Automobile Yiyi Internet Technology Co., Ltd., Jinan Yiyi Internet Technology Co., Ltd., Tianjin Yiyi Huaneng Technology Co., Ltd., Qingdao Yiyi Internet Technology Co., Ltd. and other subordinate enterprises of Geely Automobile.
Specific customers include Wuhan Weilai Energy Equipment Co., Ltd., Shanghai Wei2 Weilai Automobile Co., Ltd., Shanghai Weilai Energy Co., Ltd., Wuhan Weilai Energy Co., Ltd., Beijing Weilai Energy Technology Co., Ltd. and other subordinate enterprises of Weilai automobile.
Specific customers include Dongfeng Changhang Technology Co., Ltd
