Chongqing Sokon Industry Group Stock Co.Ltd(601127) on January 26, it was announced that due to the changes in the global economy and capital market, the company decided to suspend the process of H-share issuance and listing launched in November last year after careful consideration; At the same time, it is planned to raise no more than 7.13 billion yuan through non-public offering of shares in the A-share market, invest in "electric vehicle development and product platform technology upgrading project", "factory intelligent upgrading and electric drive production line construction project", "user center construction project" and supplement working capital. The purpose of raising funds is consistent with the issuance of H shares.
According to the plan, Chongqing Sokon Industry Group Stock Co.Ltd(601127) the number of fixed increase issuance will be determined according to the total amount of raised funds divided by the issuance price, and shall not exceed 12% of the total share capital of the company before the issuance, and shall be subject to the relevant approval documents of the CSRC. According to the current calculation of the company's total share capital of about 1.36 billion shares, the fixed increase this time will not exceed 163 million shares (including). The issuance price shall not be lower than 80% of the average trading price of the company's shares in the 20 trading days before the first day of the issuance period, and the issuance object shall be no more than 35 (including) specific investors, with a lock-in period of 6 months.
It is reported that with the breakthrough of automobile battery technology and the increasingly strict environmental protection regulations, the impact of the "national six" emission standards and the implementation of the "double points" policy of automobile enterprises, the national and local governments have issued incentive policies one after another, and new energy vehicles have ushered in an opportunity period of rapid development. Driven by new technologies and new models, China's automobile industry has entered a critical period of transformation and upgrading. It is accelerating its development towards electrification, networking and intelligence, and the industrial pattern is being reshaped. With the technical advantages of both pure electric and extended range electric drive technologies, three electric technologies and rich technical reserves in the fields of intelligent network connection, automatic driving, intelligent interaction and efficient extended range device, Chongqing Sokon Industry Group Stock Co.Ltd(601127) produced AITO brand and Thalis brand electric vehicles have begun mass production and achieved good market influence. In addition, relying on its many years of experience in marketing network construction and consumer electronics sales channels fully grafted with partners, the company will cooperate with the sales planning of new products to establish a competitive sales service network to provide a strong guarantee for future development.
Through the implementation of this fund-raising project, Chongqing Sokon Industry Group Stock Co.Ltd(601127) will continue to increase R & D investment. In addition to upgrading existing models and developing more new product lines, it will also develop a new generation of model platform with more compatibility and expansibility to better support vehicle products; And carry out forward-looking technology research and development around the development trend of new energy vehicles. In terms of process quality improvement, advanced automation, information production and testing equipment at home and abroad, such as visual inspection system, will be introduced in Liangjiang factory and Phoenix factory to build an efficient and high-power density electric drive and high flexibility production line, so as to further improve the automation production level and product competitiveness. The implementation of the user center construction project will help the company further develop offline marketing channels and service system, and expand the popularity and market influence of new energy vehicle brand products such as AITO and seres. By replenishing working capital, it will also effectively alleviate the financial pressure of the company and meet the turnover demand of working capital after the expansion of business scale in the future.
The latest production and sales express shows that the cumulative production and sales of Chongqing Sokon Industry Group Stock Co.Ltd(601127) new energy vehicles in 2021 were 4170100 and 414400 respectively, with an increase of 115.43% and 104.39% respectively. According to the target of the company's equity incentive plan in 2021, the minimum sales volume of new energy vehicles in that year was 32000 and the target was 40000; In 2022, the company will strive to achieve the goal of 200000 units.
