Zhuozhou Mingzhu plans to increase investment to build lithium battery separator project

After several years of research and development preparations, Zhuozhou Pearl finally took a substantial step toward new energy.

Zhuozhou Pearl announced today that it intends to issue no more than 40 million shares to a specific target of not more than 10, including controlling shareholders, and the issue price will not be lower than 8.16 yuan per share. Among them, the company's controlling shareholder Dongshang Group subscribed for no less than 10% of the total number of shares issued this time.

According to the company, the total amount of funds raised from this non-public issuance will not exceed 326 million yuan. The raised funds after deducting the issuance cost will be used for an annual output of 19,800 tons of polyethylene (PE) gas and water supply pipe fittings projects with an annual output of 20 million square meters. Meter lithium ion battery diaphragm project.

The Pearl Pearl's main business is the production and sale of various types of polyethylene (PE) pipe and fittings. In this fundraising project, the lithium ion battery diaphragm project is the most attractive, and the investment scale will reach 139 million yuan.

Chenzhou Pearl's plan to enter new energy has long been rumored. The company has extensive plastic film stretching process experience and has a basis for the development of lithium battery separators. The company has disclosed relevant information on various occasions. For example, in the 2010 annual report, the company increased its R&D investment, mainly for research and development of battery separators and other projects, and the amount of investment increased by 879.72% over the previous year.

In the feasibility analysis report of this fundraising project, the company stated that after more than two years of research and development, R&D personnel have already broken through the relevant technical bottlenecks, mastered the production process of multi-layer lithium battery separators, and applied for 5 inventions. The patent has been accepted and entered the stage of substantive examination.

The company expects the construction period of the project to be 18 months. After the completion of the project, it will reach 60% of its production capacity in the first year, 80% of the production capacity in the second year, and fully reach production capacity in the third year. After the completion of production, the annual sales revenue will increase by 140 million yuan, the average annual after-tax net profit will be 31.7 million yuan, and the investment recovery period (including the construction period) will be 5.79 years (after tax).

For an annual output of 19,800 tons of polyethylene (PE) gas, water supply pipe fittings project, the company expects to increase annual sales income of 300 million yuan, the average annual after-tax net profit of 27.97 million yuan. According to the company, PE pipe has a huge market space under the background of accelerating the development of water conservancy reform in the country.