Rui Chuang Micro Nano (688002) announced on the evening of February 13 that the company plans to issue convertible bonds to unspecified objects, raising no more than 1.64 billion yuan. After deducting the issuance costs, it will be used for infrared thermal imaging machine projects, intelligent photoelectric sensors. Research and development of pilot test platform and supplementary working capital.
After sorting out the company’s convertible bond plan this time, one of the main investment of the raised funds is to consolidate the company’s main business of infrared thermal imaging. The plan shows that the infrared thermal imaging machine project is divided into two sub-items.
Among them, the Arrow infrared thermal imaging complete machine project (hereinafter referred to as the “Arrow Project”) was constructed by the subsidiary Yantai Arrow Photoelectric Technology Co., Ltd. with a total investment of 800 million yuan, of which the amount of raised funds was 619 million yuan. The construction period of the project is expected to be 3 years. After completion, the estimated after-tax financial internal rate of return is 31.65%, and the static investment recovery period is 6.09 years (after-tax, including construction period).
Another sub-project, the infrared thermal imaging terminal product project (hereinafter referred to as “Yingrui Project”) was constructed by Hefei Yingrui System Technology Co., Ltd. with a total investment of 300 million yuan, of which 135 million yuan was raised, and the annual production capacity was 140,000 sets. After the project is completed, the after-tax financial internal rate of return is 26.62%, and the static investment recovery period is 5.7 years (after-tax, including construction period).
Although the above two sub-projects both lay out the company’s main infrared business, their strategic directions are slightly different.
The Arrow project is to further enrich the company’s infrared product line. The company’s annual production capacity is 3.5 million sets, which will consolidate the company’s market position in the infrared field. Build an ecological industry chain.
The announcement stated that at present, the uncooled infrared focal plane detector, the core component of the infrared thermal imaging camera, has been successfully localized and mass-produced, but there is still a certain gap compared with developed countries such as Europe and the United States in terms of terminal applications. To completely get rid of foreign constraints, it is imperative for the company to develop independent and controllable infrared imaging terminal products with independent intellectual property rights.
Secondly, from the perspective of industrial profits, the company needs to expand the infrared imaging industry chain from the upstream to the relatively profitable downstream. The company’s layout in advance will have a favorable advantage in future market expansion.
According to the data, uncooled infrared technology is widely used in the fields of night-time assisted driving, security monitoring, personal vision, disease prevention and control, fire protection, and industrial temperature measurement. At present, internationally, infrared products are used in many fields such as automobiles, security, and industrial temperature measurement. Domestically, infrared imaging products have been initially verified in the fields of power inspection, disease prevention and control, and security monitoring.
The company believes: “With the successful localization of uncooled infrared focal plane detectors, the domestic civilian market will usher in an explosive period in the near future.”
It is worth mentioning that another focus of this fund-raising is to invest in the pilot platform project for the research and development of smart photoelectric sensors. The project was constructed by Yantai Qixin Semiconductor Technology Research Institute Co., Ltd. with a total investment of 900 million yuan, of which 400 million yuan was raised, and the annual production capacity of a series of sensors will be 2 million.
According to the announcement, smart photoelectric sensors are currently widely used in various fields such as industry and consumer electronics. Through the construction of this project, the company will enhance the technical reserves in the direction of infrared, laser, microwave and other new smart photoelectric sensors, which is conducive to promoting the field of photoelectric sensors in my country. autonomous and controllable progress.
According to the financial report, the company achieved operating income of 1.209 billion yuan in the first three quarters of 2021, an increase of 12.15% over the same period last year. Among them, the main products: infrared detectors and core modules, and infrared thermal imagers are the main businesses of the whole machine. The revenue was 655 million yuan and 529 million yuan, an increase of 14.67% and 15.50% respectively over the same period of the previous year.Return to Sohu, see more
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