Securities code: 300806 securities abbreviation: Jiangsu Sidike New Materials Science & Technology Co.Ltd(300806) Announcement No.: 2022-009 Jiangsu Sidike New Materials Science & Technology Co.Ltd(300806) feasibility analysis report on the use of funds raised by issuing shares to specific objects (Revised Draft)
January, 2002
1、 Use plan of the raised funds
The total amount of funds raised from the issuance of shares to specific objects (including issuance expenses) does not exceed 500 million yuan. The net amount of funds raised after deducting issuance expenses is proposed to be invested in the following projects:
No. project name total investment is proposed to be invested with the raised funds
1 precision release membrane construction project 49686.23 40000.00
2. Repayment of bank loan 10000.00 10000.00
Total 59686.23 50000.00
Before the raised funds are in place, the company can invest in advance through its own or self raised funds according to the actual situation of the project progress, and replace them after the raised funds are in place. The board of directors of the company may, according to the actual situation and without changing the investment projects of the raised funds, appropriately adjust the amount of the raised funds to be invested in the above projects. After the raised funds are in place, if the actual net amount of raised funds after deducting the issuance expenses is less than the total amount of raised funds to be invested, the insufficient part shall be solved by the company with its own or self raised funds. In order to meet the needs of project development, the company will, according to the actual amount of raised funds and the priorities of raised investment projects, Determine the priority of investment of raised funds and the specific use arrangements such as the investment amount of each raised investment project. 2、 Details of the project invested by the raised funds (I) precision release membrane construction project
1. Basic information of the project invested by the raised funds
Project Name: precision release membrane construction project
Project undertaker Jiangsu Sidike New Materials Science & Technology Co.Ltd(300806) new materials (Jiangsu) Co., Ltd
The project site is No. 6, Shuangyang West Road, Sihong Economic Development Zone, Jiangsu Province
Construction scale: the planned construction area is 25000.00 square meters
The total planned construction area of the project is 25000.00 m2. The company will introduce advanced production equipment into the existing plant 10# plant at No. 6, Shuangyang West Road, Sihong Economic Development Zone, Jiangsu Province, all of which will be used for the construction of the project, expand production, strengthen the production capacity of the company's precision release film, further optimize the product structure and improve the company's comprehensive competitiveness and profitability.
The construction period of the project is 24 months; The total planned investment is 496.8623 million yuan, including 464.3302 million yuan of construction investment and 32.5322 million yuan of initial working capital.
2. Background of the implementation of the project invested by the raised funds
(1) Relevant national policies encourage to increase the R & D and production of precision release film
Release film is made of raw materials such as glue, silicone oil and base film by plasma treatment, fluorine treatment or silicon release agent on the surface of film material, and has no viscosity or slight viscosity after contacting with specific materials under limited conditions, Functional coating composites that exhibit extremely light and stable release force for a variety of organic sensitive adhesives. The release film has the characteristics of wettability, stable release, high flatness (bumps should be controlled within 0.2 microns), easy peeling after drying and so on. At present, release film has played an irreplaceable role in high-tech industries such as intelligent consumer electronics, electronic information, power and electricity, energy transportation, aerospace and so on.
In November 2016, the State Council issued the 13th five year plan for the development of national strategic emerging industries, which pointed out that it would comply with the development trend of high-performance, multi-functional and green new materials, promote the sustainable development of characteristic resources and new materials, strengthen the layout of cutting-edge materials, and be guided by the needs of strategic emerging industries and major engineering construction, Optimize the industrialization and application environment of new materials, strengthen the construction of new material standard system, improve the application level of new materials, and promote the integration of new materials into the high-end manufacturing supply chain. In April 2017, the State Council issued the special plan for scientific and technological innovation in the field of materials in the 13th five year plan. The plan requires that in close connection with the major needs of economic and social development and national defense construction, the focus should be on the development of basic material technology upgrading and industrial upgrading, strategic advanced electronic materials, key technologies and support platforms of material genetic engineering, nano materials and devices Construction of advanced structure and composite materials, new functional and intelligent materials, and material talent team. In 2019, the Ministry of industry and information technology issued the implementation opinions of the Ministry of industry and information technology on promoting the improvement of the quality of products and services in the manufacturing industry, which pointed out to accelerate the innovation of high-end materials, support the construction of production and application demonstration platforms for materials in key fields such as aviation, nuclear energy and engines, promote the application verification and promotion of new materials, and form high-performance, functional Differentiated supply capacity of advanced basic materials.
Release film belongs to the subdivided field of new material industry. The state continues to issue policy support for the new material industry, which provides a good policy environment for the R & D and production of release film and brings vitality and power to the development of release film. (2) Precision release membrane has broad application fields and strong market demand
Release film is one of the materials of functional coating composites. It refers to the film whose surface can be distinguished. It is made of raw materials such as glue, silicone oil and base film. Release film is widely used because of its good transparency, good isolation effect, and the stripping force can be adjusted in a large range, high temperature resistance, solvent resistance, adjustable coating thickness and silicon content, good durability and reusable. As the application fields of release film products become wider and wider, the performance requirements of release film products become higher and higher. For example, in the application fields of consumer electronics such as smart phones, display panels, smart wearable devices and new energy vehicles, with the continuous upgrading of downstream products and technologies, they gradually develop into refinement, so as to promote the rapid development of precision release film.
With the rapid development of consumer electronics applications such as smart phones, display panels and smart wearable devices, the market demand for precision release films is becoming stronger and stronger. At the same time, the industrial upgrading of smart phones, display panels and smart wearable devices and the acceleration of the localization and substitution of release film make the application of precision release film more professional, which is also an important guarantee for the market demand of precision release film.
(3) The process of replacing import with domestic precision release film has been accelerated
Precision release film is widely used. With the more and more fields of precision release film products, the performance requirements of precision release film products are higher and higher.
For example, in the field of consumer electronics, the functions of products are becoming more and more diversified, which makes the production technical requirements of precision release film higher. In addition to the conventional indexes such as thickness and stripping force, precision release film has its special technical requirements: first, the material of release film needs to match with the ceramic slurry of electronic components, and can not produce chemical reaction with the components of ceramic slurry; Secondly, the surface tension between release film and ceramic slurry should be matched to ensure the uniform thickness of ceramic coating; Third, the flatness of release film is very high, and the bumps are often controlled within 0.2 microns.
At present, the release film required by Chinese electronic component manufacturers is mainly imported, and most of them are foreign Japanese enterprises. However, compared with localized production, the production cost of imported release film is relatively high, and there is a certain short board effect in delivery date and after-sales supporting service capacity. At present, although the localized production of release film is still in its infancy, with the strong support of national policies and the rapid development of Chinese release film production enterprises, the process of domestic substitution for import of release film will be accelerated, and there is a large development space for domestic substitution for import.
3. Necessity of the implementation of the project invested by the raised funds
(1) Meet the huge market demand of precision release film and improve the market share of the company's products
As one of the important materials of functional coating composites, precision release film has been widely used because of its good transparency, good isolation effect, adjustable peeling force in a large range, high temperature resistance, solvent resistance, adjustable coating thickness and silicon content, good durability and reusable. It has gradually expanded from traditional application fields such as consumer electronics, household appliances, building materials and transportation to emerging application fields such as new energy batteries, aerospace and new intelligent wear. Its application prospect is still expanding in breadth and depth. With the continuous expansion of application fields in downstream industries, a broad market space has been opened for precision release membrane.
As a leading enterprise in the field of functional coating composites in China, the company has formed a high brand awareness in the peer market, has a high-quality customer system and has a strong competitive advantage. However, with the industrial upgrading of downstream application fields, the demand for precision release film continues to expand, as well as the domestic and independent demand for precision release film, the market demand of the company's precision release film is expanding day by day. Although the company can effectively expand its market share by relying on its comprehensive competitive advantage, it is still difficult for the company to meet the growing demand of the market due to the limitation of production capacity.
Through the construction and implementation of this project, the company will add release film coating and wiring, which will help the company further expand the market share and brand influence of precision release film, meet the huge market demand of precision release film, and further consolidate the company's leading position in the industry.
(2) The need to seize the development opportunity of localization
Due to the fine characteristics of consumer electronics, display panels and intelligent wearable devices, there are high requirements for the technical level of precision release film. There are a series of strict standards for the production environment, technical process, mechanical equipment, physical and chemical properties of application scenarios, performance of final products and other different elements of release film. However, there are many manufacturers engaged in the manufacturing of precision release films in China, but most of them are small in scale, have a single product type, and the proportion of medium and low-end products is large. Most of them lack independent core brands and competitiveness. It is not deeply involved in emerging application fields such as new energy batteries, aerospace and new intelligent wear, and the product performance can not meet the application requirements of specific fields. The composites in these industries are still mainly imported. In recent years, affected by the Sino US trade war, independent control has attracted more and more national attention. In the future, the field of functional coating composites will also develop towards the trend of localization.
At present, the company's products have passed iso90012015 quality management certification system certification, and have passed the detection and verification of toxic substances in EU countries such as RoHS and reach. Some core products have obtained UL laboratory safety certification in the United States, and have gradually replaced the market share of similar foreign products in some high-precision and cutting-edge industries. Through the construction and implementation of this project, the company will introduce a series of advanced equipment at home and abroad to produce precision release membrane products required by high-precision and cutting-edge industries, so as to seize the development opportunity of localization, seize the market share and expand the profit source of the company.
(3) The need to improve the quality stability and delivery capacity of the company's products
In recent years, with the rapid development of China's consumer electronics market and the continuous upgrading of electronic product manufacturing technology, the consumer electronics market has gradually shown the following trends and characteristics: the personalized demand of the industry is becoming more and more obvious, and customized design, research, development and production are needed; The stability, reliability and precision requirements of end products are higher and higher; The upgrading of end products and technologies is accelerated, the life cycle is shorter and shorter, and the degree of product intelligence and integration is expanding, which makes the demand for precision release membrane materials in the consumer electronics industry urgent. Customers in the consumer electronics industry put forward higher requirements for the design, R & D level, production capacity and other overall delivery capacity of manufacturers of precision release film materials.
Since its establishment, the company has always focused on customer needs, continuously strengthened production capacity and improved delivery capacity. Through in-depth communication with customers, fully understand and tap customer needs, and help customers build core competitiveness in their industry. Through the implementation of this project, the company will build advanced workshops and introduce foreign precision coating equipment, coiling equipment, pretreatment equipment, gluing equipment, drying equipment, bonding equipment, cooling equipment, tension control and other control equipment to realize release film coating and wiring integrating intelligent, automatic and flexible production, Thus, it is conducive to further improve the overall delivery capacity and product quality of the company, and meet the rapid growth demand of the market.
4. Feasibility of the implementation of the project invested by the raised funds
(1) The application field of precision release membrane is broad, and the market demand continues to grow
With the development of intelligent terminals and the gradual maturity of 5g technology, the application scenario of precision release film has gradually expanded to consumer electronics such as smart phones, display panels, smart wearable devices and new energy vehicles. At present, the high-end markets such as OCA optical adhesive release film applied to display modules and MLCC release film applied to 5g mobile phones and capacitors of new energy vehicles are still occupied by foreign manufacturers. However, with the strong support of national policies and the rapid development of Chinese intelligent terminal manufacturers and raw material manufacturers, the process of replacing imports with domestic release films will be accelerated, There is a large development space for domestic products to replace imports.
The precision release membrane products produced by the project have broad market prospects and huge market space, which provides a guarantee for the capacity digestion after the project is put into operation.
(2) The technology accumulation of the company will ensure the smooth implementation of the project
The company has been deeply engaged in functional coating composites for many years, and has mature experience and leading technology in polymer material polymerization, coating formula optimization, functional structure design, precision coating and industrial application of new technologies. As of January 11, 2022, the issuer and its subsidiaries have been granted 616 patents, including 220 invention patents. The company led and participated in the drafting of five national standards for adhesives. In order to enhance the company's core competitiveness, give full play to the company's technical accumulation in polymer material polymerization, coating formula optimization, functional structure design, precision coating and other fields, and realize the import substitution of important raw materials, the company actively extends to the upstream and forms a certain technical reserve. With many years of research and production experience in functional coating composites, the company has mature product production technology and has been authorized with a number of invention patents related to precision release film.
The company is one of the earliest production and sales enterprises in China
