Wanan Technology plans to increase 436 million to build auto parts projects

Wan An Technology announced the non-public offering of stock plans, the company intends to not more than 10 specific objects of non-public offering of the number of not more than 42.1 million shares, the issue price of not less than 10.35 yuan / share, the amount of funds raised is expected to not exceed 43573.50 million, It is used for the "annualized production capacity of 300,000 passenger car chassis modularization project" and "annual output of 30,000 tons of automobile precision casting project."

The company side stated that the company intends to increase capital through the non-public issuance of stocks to increase capital and Anhui Wan'an Auto Parts Co., Ltd. implements an annual output of 300,000 sets of passenger vehicle chassis modularization projects and capital increase Anhui Shenglong Casting Industry Co., Ltd. to implement an annual output The 30,000-ton automotive precision casting project" promotes the company's leap from focusing on automotive brake systems and components to constructing a "casting-parts-system-module" industrial chain, integrating industrial chain resources, realizing industrial upgrading, and promoting company owners. Sustainable business development.

The company expects that the construction period of the "annual module of 300,000 sets of passenger car chassis modularization" will be 20 months. After the project reaches its production capacity, it will increase annual sales revenue by 400 million yuan and net profit of 57,812,600 yuan. The annual output is 30,000 yuan. "Ton automobile precision casting project" has a construction period of 24 months. After the project is completed, it will increase annual sales revenue by about 200 million yuan and net profit by 37,561,000 yuan. According to the company's estimated net profit of around 30 million yuan in 2013, the raised investment projects will reach an explosive growth rate.

According to the report of the third quarter of 2013, Wanan Technology achieved an operating income of 91,426,200 yuan in the first three quarters, an increase of 23.31% year-on-year; a net profit attributable to shareholders of the listed company was 15,916.40 million yuan, an increase of 37.67% year-on-year; basic earnings per share was 0.13 yuan. The year-on-year increase of 30%.

Wanan Technology is mainly engaged in the research, development, production and sales of automotive brake systems and components. The company mainly provides FAW Group , Dongfeng Automobile, Beiqi Futian and other manufacturers with supporting air brake system components, hydraulic brake system components, clutch control system components, hydraulic disc brake assembly, pneumatic disc brake assembly and pneumatic ABS, etc. product.

Wan An Technology was successfully listed on the SME Board of the Shenzhen Stock Exchange in June 2011. The four fundraising projects that the company had promised to investors during the listing of the company, except for the termination of the “annual output of 2 million hydraulic disc brakes technical transformation project”, the other three projects will be put into production in July 2014.

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