Shenzhen V-STAR Industry & Trade Co.,LTD.--Professional Supplier of LAUFFER Lamination System
Jin Xinnuo plans to raise no more than 0.6 billion yuan for the reconstruction and expansion project of multi-layer circuit board intelligent factory.
2021-01-19 09:11
On January 8, Jinxinuo released the "2021 GEM to specific targets to issue A shares plan". The company plans to raise no more than 0.6 billion yuan, and the net amount of raised funds will be used for the renovation and expansion project of the intelligent factory with an annual output of 1.68 million square meters of multi-layer circuit board (1.08 million square meters added) and supplementary working capital of Xinfeng Jinxinnuo Anteno High-tech Co., Ltd.
According to the announcement, Jin Xinnuo raised funds to build the "Xinfeng Jin Xinnuo Anteno High-tech Co., Ltd. annual output of 1.68 million square meters of multi-layer circuit board (new 1.08 million square meters) intelligent factory renovation and expansion project", the project will be through the introduction of new equipment, the use of new technology, new large-scale multi-layer board production lines.
In addition, Jinxinuo's operating income from January to September in 2017, 2018, 2019 and 2020 were 2286.467 million yuan, 2,593.0184 million yuan, 2,676.9028 million yuan and 1,461.9211 million yuan respectively; R & D expenses were 84.5108 million yuan, 110.0575 million yuan, 121.5905 million yuan and 75.8588 million yuan respectively, accounting for 3.70, 4.24, 4.54 and 5.19 of the current operating income respectively.
As the scale of the Company's operations continues to expand, the Company's liquidity requirements are also increasing; at the same time, the Company's asset-liability ratio is currently at a high level, with the combined asset-liability ratio of 55.88, 50.63, 53.23 and 54.16 in 2017, 2018, 2019 and January-September 2020, respectively. The company's high gearing ratio also limits the space and cost of financing the company's external debt. The expansion of business scale and the continuous increase of research and development investment need a large amount of capital investment and working capital to support.
Jinxinuo said that the purpose of issuing A- shares to specific targets is mainly to increase investment in PCB production capacity, expand market share, consolidate the main business, improve the company's capital structure and enhance the company's ability to resist risks.
With the rapid development of high value-added and high-growth emerging applications such as 5G communications, emerging consumer electronics, automotive electronics, and high-performance servers, the PCB industry has gained a broader market space. After the company's fund-raising is in place, it will help the company to continue to increase investment in PCB products, integrate high-quality resources in various business sectors, further expand the PCB market share, enhance the company's visibility and market influence, and thus promote the continuous growth of the company's operating income.
At the same time, after the funds raised from the issuance of stocks to specific targets are in place, it can effectively improve the company's debt-to-asset ratio, optimize the company's capital structure, improve the company's solvency and reduce financial risks, enhance the company's subsequent financing capabilities, and contribute to the company Provide strong working capital support for business development to meet the rapid growth needs of the company's business. At the same time, the company's core competitiveness and the ability to resist risks in the face of macroeconomic fluctuations have been strengthened to achieve healthy and sustainable development of the company.
Source: Set microgrid
Next Page
More news
Jiangsu Shengyi High Frequency Communication Substrate Project Foundation Laying Ceremony Held
On the morning of December 17, 2017, the groundbreaking ceremony of Jiangsu Shengyi Special Materials Co., Ltd., invested by Guangdong Shengyi Technology Co., Ltd., was held in Nantong Tongzhou National High-tech Development Zone, which is known as "the first state of Tongjiang and Dahai. Liu Shufeng, chairman of Guangdong Shengyi Technology Co., Ltd., Chen Renxi, general manager, Wu Xiaolian, chief operating officer, Zeng Xutang, chairman of Shaanxi Shengyi Technology Co., Ltd., Yang Hui, general manager, Jiao Feng, general manager of Suzhou Shengyi Technology Co., Ltd., Wang Hui, general manager of Changshu Shengyi Technology Co., Ltd., and representatives of the design, supervision, cost and construction units responsible for project construction attended the ceremony.
2024/03/01
LAUFFER high-frequency board press collects relevant information of 5G high-frequency and high-speed substrates for you on the Internet.
2024/03/01
Jiangxi Jiujiang PCB Project Formed a Complete Industrial Chain
In 2017, Jiangxi Jiujiang Economic Development Zone always regarded investment promotion as the "lifeline" of accelerating development, further innovated the investment promotion system and mechanism, changed the investment promotion thinking, adhered to the "two-wheel drive" to promote development, focused on industrial introduction projects, and achieved a detonating effect New breakthroughs in the recruitment of emerging industries. In the whole year, 73 new industrial projects were signed, with a total investment of 63 billion billion yuan, and the proportion of strategic emerging industry projects increased by 37%. In the electronic circuit materials industry, the development zone mainly focuses on Taiwan-funded Dehong fine yarn and the world's second-largest Shengyi copper clad laminate project, resulting in investment in 3 billion yuan Dehong glass fiber yarn and electronic cloth project,
2024/03/01
Service Hotline
8615989495260
Add: No.21,6/F. FuHong Bldg.No.120 Yongfu road,Qiaotou community, Fuhai street, Baoan district，Shenzhen P.R. China
Telephone: 86 - 755 - 26400459
Fax: 86 - 755 - 26487289
Mobile phone: Mr. Li 86 - 15989495260
Email:limiao@szvstar.com ericzhao@szvstar.com
Mobile website
Focus on us
Copyright©2023 All rights reserved of Shenzhen V-STAR Industry & Trade Co.,LTD.
