The hottest Yutong plans to issue convertible bond

2022-08-26
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Yutong plans to issue convertible bonds to raise 1.4 billion yuan for the construction of five major projects at home and abroad

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core tip: on April 1, Yutong technology announced that it plans to publicly issue convertible corporate bonds, and the total amount of funds raised does not exceed 1.4 billion yuan, for the construction of Yibin Yutong, Xuchang Yutong, Vietnam Yu

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on April 1, Yutong technology announced that it plans to publicly issue convertible corporate bonds, and the total amount of funds raised will not exceed 1.4 billion yuan, which will be used to build five major projects including Yibin Yutong, Xuchang Yutong, Vietnam Yutong and Indonesia Yutong.

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Yibin Yutong intelligent packaging and bamboo pulp environmental protection paper and plastic project

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through this fund-raising, Yutong technology hopes to accelerate the expansion of the scale of environmental protection paper and plastic business, and build the environmental protection paper and plastic business into a new business growth point. The construction period of the project is expected to be 36 months. At present, the construction has been started, and the implementation subject is Yibin Yutong. The investment estimate is as follows:

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in order to ensure the effective implementation of the fund-raising projects, Yibin Yutong has begun to explore the market and has obtained some interested customers, including Shenzhen Airlines, China International Airlines, China Southern Airlines, China Resources Vanguard, flight, dove, meituan, hungry, Starbucks and SABERT.

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the raised capital project is expected to be put into operation in stages in the second year, and the production equipment will be moved in batches. It will reach 25% of the design capacity in the first year, 50% in the second year, 75% in the third year, and 100% in the fourth year.

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Xuchang Yutong high-end packaging color box intelligent manufacturing project

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as the pioneer base of intelligent manufacturing factory, Yutong technology will make use of rich technical reserves and industry experience to explore intelligent manufacturing factory, and will provide useful experience for other production bases of the company. The construction period of the project is expected to be 36 months, and the construction has not yet started. The implementation subject is Xuchang Yutong, and the investment estimation is as follows:

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at present, Xuchang Yutong has begun to expand its market and has obtained some interested customers, mainly including Foxconn, goer acoustics, Henan Zhongyan, etc.; the industries of interested customers cover the global consumer electronics industry and the tobacco industry.

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this raised investment project is expected to be put into production in stages in the second year, and the production equipment will be moved in batches. It will reach 25% of the design capacity in the first year of production, 65% of the design capacity in the second year of production, and 100% of the design capacity in the third year of production.

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Vietnam Yutong packaging industry base construction project

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Yutong technology is optimistic about the long-term development prospects of the Vietnamese market, and the existing capacity of Vietnam Yutong is close to saturation and cannot meet the market demand of rapid growth in the future. Therefore, Yutong technology plans to ensure customer demand through production expansion. The potential value of global warming is expected to increase by 130% during the construction period of the project. For 24 months, all the land and plant purchases have been paid, but equipment has not been purchased. The implementation subject is Vietnam Yutong, and the investment estimation is as follows:

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at present, Vietnam Yutong's intended customers mainly include Foxconn, Canon, Panasonic, brother, Annan and Yongzhen. The above intended customers are all existing customers, and the existing customers are also gradually expanding their local business scale in Vietnam, and the new capacity of the project will mainly support the new demand of the above existing customers

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it is expected that the project invested with raised funds will be put into operation in stages in the second year, and the production equipment will be moved in in batches. 50% of the design capacity will be reached in the first year of operation, and 100% of the design capacity will be reached in the second year of operation

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Indonesia Yutong packaging industry base construction project

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Yutong technology implements the international development strategy, moves from domestic leadership to international leadership, and actively participates in international competition. This investment in Indonesia Yutong packaging industry base construction project is conducive to accelerating the expansion of Indonesia's vanadium containing high-strength alloy steel, which is widely used in oil/gas pipelines, construction, bridges, rails and other production and construction markets, and is conducive to obtaining new regional market growth sectors. The construction period of the project is one year. At present, some equipment has been purchased. The investment estimation is as follows:

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it is reported that at present, Yutong has started market development and obtained some intended customers, mainly including TTI, Xiaomi, Wintech, oppo, vivo, Samsung, arm, Skyworth, Haier, mayora, agriwangi, Graha elektrindo Perkasa and LCG

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it is expected that the project invested with raised funds can be put into operation in stages in the second year. The production equipment will be moved in batches, reaching 80% of the design capacity in the first year of production and 100% of the design capacity in the second year of production

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supplementary liquidity project

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with the increase of business scale, the amount of working capital required by Yutong technology is also increasing. Appropriate replenishment of working capital will help alleviate the pressure of working capital and reduce financial risks. It is estimated that the incremental demand for new working capital of Yutong technology from 2019 to 2021 is about 2276.3459 million yuan, so it is proposed to use the raised capital of 419.9797 million yuan to supplement working capital

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(new working capital of JTC in the next three years)

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after market research, in addition to the supplementary working capital projects, the fund-raising projects of Yutong technology have good industry prospects, and have obtained interested customers. The main products of each major project are paper and plastic products such as environmental friendly dinner plates and lunch boxes; gift boxes, paper holders; gift boxes, cartons, and instructions; gift boxes:

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in a word, with Yutong technology's accumulated market experience, management experience and customer resources, once major projects are fully put into operation, they will produce huge economic benefits. At the same time, by using the construction of major projects, Yutong technology can expand production capacity, enhance scale efficiency, further improve production efficiency and intelligence level, and provide support for the realization of strategic objectives.

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source: good packaging in China

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