Sinochem International fixed an increase of 4.975 billion yuan

On December 7, Sinochem International disclosed a report on the non-public offering of A-shares, announcing that the fixed increase would eventually issue 829 million shares to 18 specific institutions at an issue price of 6 yuan per share, raising a total of 4.
975 billion yuan
.
This is the largest single equity refinancing project of Sinochem International since its listing in 2000, and the funds raised will be mainly invested in the first phase of the carbon tertiary industry project and supplementary working capital
.

It is understood that the first phase of the carbon tertiary industry project is a key step
in Sinochem International's transformation to the strategic business of new chemical materials.
The total investment of the project is 13.
913 billion yuan, and it is expected that after the full line is completed in the first quarter of next year, it will open up the whole industrial chain of the company's new materials, realize the effective coordination of the upstream and downstream of the industry, form an integrated cost advantage and economies of scale, and greatly increase the company's performance
.
It is estimated that after the project is put into operation, it can achieve an average annual revenue of 11.
011 billion yuan and an average annual profit of 1.
715 billion yuan
.

In response to supplementary liquidity, Sinochem International said that the new chemical materials industry in which the company is located is a capital and technology-intensive industry, and there is a greater
demand for capital investment.
With the continuous development of the company's business, while considering the impact of factors such as the implementation of fundraising and investment projects, the growth of the company's future operating income will have a greater demand for working capital, and it is difficult to meet the company's operating needs
by relying only on the cash flow generated by production and operation activities.