Heavy! Set Tai shares raised 300 million to expand silicone sealant production capacity

Settai shares (or "company") recently announced the non-public issuance of A-share stock issuance report and listing announcement. According to the announcement, the number of shares issued was 32.7154 million shares, with a share price of 9.17 yuan per share, raising a total of 299 million yuan and raising a net amount of 277 million yuan.
After deducting the issuance fee, the funds raised by this issue will be used for the following items:
The actual funds raised after deducting the issuance expenses of this non-public offering are less than the total amount of funds to be invested in the above-mentioned projects, the company will adjust the priority of the fund-raising investment and the specific investment amount of each project according to the actual net amount of funds raised, according to the priority of the project, etc., and the insufficient amount of funds raised will be solved by the company itself
According to public information, on February 28, 2020, the 12th meeting of the second board of directors of The company held its second meeting to consider and pass the "Bill on <2020A>" and other related bills, and on October 16, 2020, the company's non-public offering of shares was approved by the CSRC.
the construction of this fund-raising project, will comprehensively enhance the company's silicone sealant production capacity, reduce production capacity pressure. After expanding production capacity, the company can realize economies of scale, and promote product efficiency to be further improved. In addition, the company will be through the existing product sales channels and management resources, in the consolidation of existing customers on the basis of the expansion of new customer groups, give full play to their own advantages, better digest the expansion of new post-parto production capacity, thereby enhancing the company's overall profitability.
production of neutral silicone sealant 80,000 tons and modified silicone sealant 30,000 tons project
the main implementation of the project is the shares of Settai, the project construction site is Guangzhou City from the Pearl Industrial Park, Longxing District. Three new neutral silicone production lines and one modified silicone production line will be built, and related plant, workshop, road and other supporting facilities. The construction period of this project is one year, after the completion of the project, will form an annual output of 80,000 tons of neutral silicone gel and 30,000 tons of modified silicone gel production capacity.
under the new normal of China's economy, under the influence of macro-control, financing policy and so on, the market competition in China's real estate industry has intensified, and the market competition pattern of sealants used in construction projects has mainly changed into competition in terms of product quality, enterprise brand and technical service capability.
recent years, the company with higher product quality, better market service and higher brand influence operating scale rapidly expanded, sales and sales revenue increased sharply, the company's production capacity utilization tends to saturate. Through the construction of the fund-raising project, the company's silicone sealant production capacity can be enhanced, the pressure of production capacity can be alleviated, and the company's profitability level can be enhanced. The success of the project will help the company to ease capacity pressure, meet market demand and improve the company's profitability.
At the same time, the company has been located in the middle and high-end market, deep cultivation center city and large customer groups, with the construction sealant industry tend to concentrate, in the "survival of the fittest" process, the company will seize the industry opportunities, through investment project construction, enhance product production capacity, expand market share, enhance the company's profitability.
production of 15,000 tons of double-group silicone rubber and 8000 tons of vinyl silicone oil project
the main implementation of the project is from the chemical Zhaoxuan, the project is implemented in Guangzhou City from the Pearl Industrial Park, Longxing Zone. The project is to build a new Class A workshop, sub-control room one, the total electric room one, and related supporting facilities. The project will have an annual production capacity of 15,000 tons of two-part silicone rubber and 8,000 tons of vinyl silicone oil when completed.
silicone material has good performance and wide application, and is an important material supporting the new industry of national strategy, mainly used in sealants and adhesives, is a new industry of national strategy, and is also the key development direction of China's support at present. Among them, silicone potted adhesive as an indispensable material in LED-driven power supply, with its excellent quality and product performance, with the help of LED lighting market incremental demand and product replacement demand double overlap plus good, the market prospects are broad.
This project mainly produces two-component silicone rubber and vinyl silicone oil, vinyl silicone oil system produces two-component silicone rubber essential raw materials, two-component silicone rubber is mainly used for LED drive power supply, new energy vehicles, electrical and electronic and power transformers and other markets.
In 2019, the company acquired a 75% stake in Zhaoyu Technology, which is mainly engaged in the research and development, production and sales of industrial electronic silicone and silicone oil, and its products are mainly used in LED lighting (drive power supply), new energy vehicles, electrical and electronic and power transformers. In 2020, the "Mega" brand upgrade was named "Aetn".
will improve product production capacity, productivity and product quality through investment projects, effectively seize market opportunities, expand market share, and enhance the company's profitability.
Although currently in the field of electronic irrigation glue, set Thai shares or a "new recruit", but in the adhesive industry, has been a strong "old soldier", in research and development, production, sales and other aspects, have a wealth of strength and experience. Now with a wealth of technology research and development, innovation experience, products to a more obvious cost-effective advantages, has been praised and gradually replace similar products abroad. Up to now, Infineon, Shanghai Mingzhi, Zhuhai Xuyuan and other well-known enterprises have become the company's major customers, and products have entered OSLAN, BYD and other large-scale customer supply system.