688357: Explanation on the investment of the raised funds in the field of scientific and technological innovation

Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357)

Explanation on the investment of the raised funds in the field of scientific and technological innovation

Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357) (hereinafter referred to as ” Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357) ” or “the company”) in accordance with the measures for the administration of securities issuance registration of companies listed on the science and Innovation Board (for Trial Implementation) and other relevant provisions, and in combination with the company’s plan and actual situation of issuing shares to specific objects through simple procedures, This paper studies whether the investment of the raised funds by issuing A-Shares to specific objects in 2021 belongs to the field of scientific and technological innovation, and formulates the description on the investment of the raised funds in the field of scientific and technological innovation (hereinafter referred to as the “description”), the specific contents are as follows: I. The main business of the company

The company is mainly committed to the R & D, production, sales and technical services of molecular sieve adsorbents and catalysts in the fields of medical care, clean energy, industrial gas, environmental treatment and energy chemical industry. It is a new material supplier and solution service provider with independent R & D ability and continuous innovation ability.

The company’s main products are medical and health care oxygen molecular sieve, industrial oxygen molecular sieve, hydrogen molecular sieve, gas drying and purification molecular sieve, coal chemical and petrochemical molecular sieve, environmental protection molecular sieve, building materials molecular sieve, etc. it is a whole industry chain enterprise covering molecular sieve raw powder, molecular sieve activation powder, formed molecular sieve and activated alumina. The performance indicators of the issuer’s products have the ability to compete with international large molecular sieve enterprises. A variety of molecular sieve products have broken through the monopoly in the field of cryogenic air separation oxygen production and pressure swing adsorption oxygen production, and realized import substitution.

Molecular sieve is a kind of inorganic non-metallic porous crystal materials, which has large specific surface area, regular pore structure and adjustable functional units. It can effectively separate and select molecules with different activation diameter and size, molecules with different polarity, molecules with different boiling points and organic hydrocarbon molecules with different saturation degrees. It has the functions of “screening molecules” and “shape selective catalysis”. As catalytic materials, adsorption separation (multi-component gas separation and purification) materials and ion exchange materials, they are widely used in petrochemical industry, coal chemical industry, fine chemical industry, metallurgy, building materials, environmental protection (including nuclear wastewater and nuclear waste gas treatment), soil remediation and treatment.

Molecular sieve raw powder is a synthetic inorganic non-metallic porous crystal material. It is the raw material for manufacturing molecular sieve activation powder and molding molecular sieve.

Molecular sieve activated powder is a kind of powdered molecular sieve, which is made of molecular sieve raw powder after high-temperature drying and roasting. It has excellent dispersion performance and rapid adsorption capacity for trace water. As an additive, it is widely used in the fields of paint, coating, insulating glass adhesive strip, rubber, polyurethane and so on.

Shaped molecular sieve is an inorganic non-metallic material with regular appearance and shape, which is made of molecular sieve raw powder and binder by mixing and molding in a certain proportion, drying and high-temperature roasting. It is widely used in many fields such as gas adsorption and separation, catalysis, ion exchange and so on; It plays an important supporting role in national major pillar industries such as petroleum refining and chemical industry, coal chemical industry, fine chemical industry, steel and non-ferrous metal smelting and nuclear power, as well as national emerging industries such as hydrogen energy, soil remediation and treatment, energy conservation and environmental protection, medical health and so on. 2、 Investment plan of the raised funds (I) use plan of the raised funds

According to the development needs and the bidding results of this offering, the company plans to issue A-Shares to specific objects in a simple procedure, and the total amount of funds raised is 193999926.12 yuan. The net amount of funds raised after deducting the issuance expenses is intended to be used for the following projects:

Unit: 10000 yuan

Project name total investment amount of raised funds

Adsorption material industrial park reconstruction and expansion project 26744.61 19399.99 (phase I)

Before the funds raised in this offering are in place, the company will invest in advance with self raised funds according to the actual situation of the implementation progress of the investment projects with raised funds, and replace them in accordance with the procedures specified in relevant laws and regulations after the raised funds are in place.

If the net amount of the actual raised funds is less than the planned investment amount of the above-mentioned raised funds, the company will appropriately adjust the investment amount of the above-mentioned projects according to the actual net amount of the raised funds and the priorities of the investment projects of the raised funds in accordance with the procedures specified in relevant laws and regulations, and the insufficient part of the raised funds shall be solved by the company with its own funds.

(II) basic information and feasibility analysis of investment projects with raised funds

1. Project overview

“Adsorption material industrial park reconstruction and expansion project” takes the company as the main project implementation body. The project site is close to the adsorption material industrial park and is located in the south of the west section of Junmin road in Yanshi Industrial Park, covering an area of 98000 square meters. The total budget investment is 1019496200 yuan. The main construction contents include the reconstruction and expansion of production lines and supporting environmental protection, storage For roads and other facilities, the planned construction period of the project is 36 months.

The investment project of the raised funds is the phase I construction project of “reconstruction and expansion project of adsorption material industrial park”, with a new raw powder production capacity of 2100.00 tons / year and a formed molecular sieve production capacity of 8100.00 tons / year. The total investment is 267446100 yuan, of which 193999900 yuan is invested with the raised funds, the rest is self raised by the company, and the planned construction period is 18 months, The final sales products after putting into operation are mainly molecular sieve adsorbents and catalysts used in the fields of environmental protection, energy and chemical industry, with a total of 6 products in two categories. The details of the products are as follows:

Raised investment project

Application field product name design capacity product main purpose

(T / a)

It is used as catalyst coating material to make the jldn-1h molecular sieve raw powder 500.00 system for diesel vehicle exhaust emission meet the NOx emission index under the national six standards

In the field of environmental protection, it is used for flue gas denitration of sintering plant. The adsorption method is used to remove 1000.00 nitrogen oxides of jldn-3 formed molecular sieve, which effectively solves the secondary pollution caused by ammonia escape in the catalytic method, And realize the resource utilization of nitrogen oxides.

It is used to adsorb and extract carbon monoxide gas in 2500.00 tail gas of jlcos molding molecular sieve (blast furnace gas, metallurgical tail gas, yellow phosphorus tail gas, synthetic ammonia exhaust gas, etc.) under pressure swing adsorption technology to realize resource utilization.

For coal to propylene used in modern coal chemical industry, molecular sieve catalytic energy chemical industry jltp formed molecular sieve 500.00 agent can improve the yield of propylene, reduce the yield of low-carbon alkanes and methanol unit consumption, and make the operation of the existing coal to propylene plant more economical

Jldm-1 shaped molecular sieve 100.00 is used in the core reaction of carbonylation of dimethyl ether to methyl acetate in coal to ethanol in modern coal chemical industry

13X shaped molecular sieve 4000.00 is mainly used for deep purification of oxygenated compounds and other impurities in olefins

Note: 1000.00 tons of jldn-3 raw powder, 500.00 tons of jltp raw powder and

100.00t jldm-1 raw powder is used in the production of jldn-3 formed molecular sieve, jltp formed molecular sieve and jldm-1 formed molecular sieve

2. Necessity of project construction

(1) Realize the company’s long-term development strategy and improve the ability of sustainable development

According to the company’s long-term strategic plan, while consolidating the advantages of traditional fields such as oxygen production, hydrogen production and adsorption drying, the company will actively focus on energy and chemical fields such as hydrogen purification, carbon monoxide purification, coal to ethanol and coal to propylene; Environmental treatment fields such as flue sintering tail gas denitration of steel plant, comprehensive utilization of pollutants as resources, and diesel vehicle tail gas denitration; Expand the field of ecological environment restoration such as nuclear wastewater treatment and saline alkali soil improvement, realize the innovative application of molecular sieve in the field of energy, chemical industry and environmental protection, and broaden the market space and share of the company’s molecular sieve. Through the implementation of the fund-raising investment project, the company’s business will successfully extend from the adsorption field to the catalysis field, the company’s production capacity of mature products and the industrialization capacity of new products will be further enhanced, the R & D advantages, technical reserves and scale effect will be further reflected, the strategic layout will be clearer, and the sustainable and healthy development of the company will be realized. (2) Accelerate the transformation and industrialization of technological achievements

Since its establishment, the company has continued and increased its investment in technology R & D, continued to introduce R & D technical talents in line with the company’s development strategic needs, encouraged and supported qualified R & D technical personnel to accept the technical guidance of cooperative scientific research institutions. The continuous R & D investment and technical talent team construction have greatly improved the company’s technology R & D capability, And made a number of research and development achievements.

The company, together with the State Key Laboratory of coal conversion, Shanxi Institute of coal chemistry, Chinese Academy of Sciences and the State Key Laboratory of inorganic synthesis and preparation chemistry, Jilin University, has jointly established the “Joint Laboratory for the production and application of adsorption and catalytic porous materials”, which is committed to the development of molecular sieve adsorbents and catalysts in the fields of energy, chemical industry and environment. Combined with the equipment and experience of Shanxi Institute of coal chemistry, Chinese Academy of Sciences in the evaluation of catalyst performance in the field of energy and chemical industry for a long time, and the achievements of Jilin University in the basic theoretical research on molecular sieve synthesis, structure and adsorption catalytic performance for a long time, the joint laboratory has continuously carried out the R & D of new processes and products, and achieved remarkable results in many R & D projects.

At present, the company has strong technical reserves in the field of adsorption, energy and chemical industry, environmental governance and ecological environment restoration, and has applied for a large number of invention patents for protection. As of the date of announcement of this description, the company has 22 authorized invention patents, including 3 overseas patents. The implementation of the fund-raising investment project is conducive to accelerating the market transformation of the company’s technical achievements, continuously improving the company’s advanced production capacity, consolidating and improving the company’s market position in China’s molecular sieve field, and continuously increasing the import substitution of the company’s products to international molecular sieve manufacturers.

(3) Improve the company’s product echelon and enhance its comprehensive competitiveness

At present, the company has more than 100 product specifications and types, including formed molecular sieve, molecular sieve raw powder, molecular sieve activated powder and activated alumina. It is widely used in air purification and purification, oxygen enriched combustion, construction, coal chemical industry, petrochemical industry, wastewater and nuclear wastewater treatment, soil restoration, tail gas purification and other fields. It is a product that can achieve energy conservation and emission reduction Strategic emerging materials for environmental governance and ecological restoration.

After the fund-raising investment project is completed, the company will add some molecular sieve adsorbents and catalyst products on the basis of the existing mature molecular sieve products, extend the use scenario to the fields of diesel vehicle tail gas denitration treatment, flue gas denitration treatment, coal to propylene catalytic reaction and coal to ethanol catalytic reaction, and constantly improve the company’s product echelon, Expand the application field of the company’s products and enhance the company’s comprehensive competitiveness.

(4) Effectively supplement the company’s saturated production capacity, increase advanced production capacity and enhance competitiveness

In 2020, the weighted average capacity utilization of the company’s main products formed molecular sieve and molecular sieve raw powder reached 103.72% and 101.36% respectively. The product supply is in short supply, and the capacity utilization continues to be saturated. The existing capacity restricts the further development of the company. After the implementation of the fund-raising investment project, the company can gradually break through the current capacity bottleneck, increase the capacity and output of high-end products, and realize the continuous growth of business performance.

3. Feasibility of project construction

(1) In the crucial stage of air pollution prevention and control, the upgrading of denitration emission requirements from mobile sources and fixed sources has brought extensive demand for molecular sieve products

In recent years, China’s air pollution situation has become increasingly severe, with frequent smog and other disastrous weather in many parts of the country. The pollution problem characterized by inhalable particulate matter, fine particulate matter (PM2.5) and inhalable particulate matter (PM10) has become increasingly prominent. The Chinese Academy of Sciences has launched a special study on the cause and control of haze since September 2012. The research shows that gaseous pollutants such as nitrogen oxides (NOx) discharged into the atmosphere produce a large number of secondary particles through a variety of chemical and physical processes, which become urban PM2 5 is one of the important sources of.

The 18th National Congress of the Communist Party of China incorporated the construction of ecological civilization into the “five in one” overall layout of the cause of socialism with Chinese characteristics, and clearly proposed to vigorously promote the construction of ecological civilization, strive to build a beautiful China and realize the sustainable development of the Chinese nation. Since the 18th CPC National Congress, we have made great efforts to control air pollution, promote energy conservation and emission reduction in key industries, and optimize energy

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