Li Yuanheng received nearly 5 billion orders for lithium power equipment last year to raise no more than 950 million to expand production.

Published: Jan 5, 2022 13:07
[Li Yuanheng received nearly 5 billion orders for lithium power equipment last year to raise no more than 950 million to expand production.] on the evening of January 4, Li Yuanheng announced that the company's existing production capacity could not meet the delivery of fast-growing orders for power lithium batteries, so the company plans to issue convertible bonds to unspecified targets to raise a total of no more than 950 million yuan. The funds raised are intended to be used for the industrialization project and supplementary liquidity of lithium battery front and middle section special plane and complete sets of equipment on the whole line.

On the evening of January 4th, Li Yuanheng (688499) announced that the total amount of funds raised by the company to issue convertible bonds to unspecified objects does not exceed 950 million yuan, and the funds raised are intended to be used for the industrialization project and supplementary liquidity of the special plane in front and middle section of lithium battery and complete sets of equipment of the whole line.

It is understood that Li Yuanheng obtained nearly 5 billion yuan of lithium power equipment orders and bid winning notice in 2021, and the order volume of power battery lithium battery equipment is large, and the company's existing production capacity is unable to meet the delivery of fast-growing power lithium battery orders. therefore, the company's fund-raising project "Lithium Battery Front and Middle Section Special aircraft and complete sets of equipment industrialization Project" will expand the assembly workshop area. In the year when it was completed and reached production, the special plane in the front and middle section of the power lithium battery and the whole line of complete sets of equipment had an annual income of 2.758 billion yuan.

According to the announcement, the construction period of the project is 24 months, with a total planned investment of 1.149 billion yuan, of which the total amount of funds to be raised is 700 million yuan. After the completion of the project, after reaching production for the first time, it can achieve a business income of 2.758 billion yuan and a net profit of 350 million yuan.

Li Yuanheng said that through the smooth implementation of this fund-raising project, it can effectively enhance the delivery capacity of the front and middle section of the company's power lithium power and complete sets of equipment on the whole line, and further enhance the production scale of power lithium power equipment. ease the company's liquidity pressure, and then improve the company's competitive strength, sustainable profitability, and lay a solid foundation for the company's future development.

Data show that Li Yuanheng was established in November 2014, mainly engaged in intelligent manufacturing equipment research and development, production and sales, for lithium batteries, auto parts, precision electronics, security, rail transit and other industries to provide high-end equipment and factory automation solutions. At present, it has established long-term and stable cooperative relations with well-known manufacturers such as New Energy Technology, Ningde era, BYD, Lishen Battery, AVIC Lithium, Xinwanda, Honeycomb Energy and so on. Among them, the company won the bid in 2021 only honeycomb energy lithium equipment project has exceeded 2.5 billion yuan.

Since the fourth quarter of 2020, the surge of new energy vehicles has gradually increased the capacity gap of lithium battery, and domestic and foreign power battery factories have stepped into the peak period of production expansion, which has also led to a surge in demand for lithium power equipment. According to the incomplete statistics of the battery network, a number of lithium equipment companies announced investment and expansion in the second half of 2021 alone.

On December 3, Liande equipment (300545) announced the signing of a business contract for lithium battery equipment for the first time. The company will provide Fuyang Longneng with equipment for the production of square aluminum shell of lithium battery with a contract amount of 37.3 million yuan (including tax). On the same day, Liande equipment will also set up a joint venture company to help the company fully integrate the resources of all parties. Further strengthen the development of lithium battery equipment market and technology, and strengthen the company's competitive advantage in new fields.

On the evening of December 1st, Aotewei (688516) announced that it planned to issue shares to GE Zhiyong, one of the real controllers of the company, at the price of 70.39 yuan per share. GE Zhiyong paid in cash the subscription amount of no more than 550 million yuan and the subscription quantity of no more than 7813609 shares. the net funds raised are intended to be used for the construction of high-end intelligent equipment R & D and industrialization projects, science and technology reserve funds, and supplementary liquidity.

On the evening of October 21st, Hangke Science and Technology (688006) announced that the board of directors of the company examined and approved the "proposal on investing in the Construction of Intelligent Manufacturing of Lithium Ion Battery charging and discharging equipment" and agreed to invest 1.337 billion yuan. 100000 square meters of intelligent production workshop and 45000 square meters of auxiliary building were built in Xiaoshan District, Hangzhou City, Zhejiang Province, to expand the production scale.

In order to expand production capacity, open up southwest market, provide high quality and fast service for customers and strengthen the company's competitive advantage, Lianwin Laser (688518) announced on July 20 that the company intends to set up a wholly-owned subsidiary Sichuan Lianweng Technology Co., Ltd., and invest in Yibin Liangang Economic and technological Development Zone in Yibin City, Sichuan Province to build a complete set of Yibin laser welding equipment project.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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