Tuesday, March 28, 2017 3:25:29 AM
Eontec Non-public offering of shares to raise funds feasibility study report (revised)
To further enhance the comprehensive strength, to meet market demand, improve product distribution, promote the rapid development of business and to enhance the sustainable profitability, Eontec, Ltd. (hereinafter referred to as "Company", "Company" or "Eontec") intends to non-public offering to raise funds for the
1."light alloy should Anyun Hai Precision Die Casting Production base project"
2."amorphous alloy (liquid metal) precision industrial structure expansion project"
3."amorphous alloy (liquid metal) R&D center construction project"
Feasibility of this non-public offering to raise funds analyzed as follows:
I. PLANNED USE OF FUNDS RAISED
Fund-raising company's non-public offering of not more than 650 Million Yuan (including 650 Million Yuan),
The funds raised after deducting issuance costs to be used for the following items:
No.---------project name-----------------------------------------------------------------------Total investment (Million)-----raise funds to be invested amount (million)
1------------Eon Cloud Metal Light Alloy Die Casting production base project----------------------500.000 -------------------------259.110
2------------Amorphous alloy (liquid metal) precision industrial structure expansion project-----300.000-------------------------265.050
3------------Amorphous alloy (liquid metal) R&D center construction project------------------------137.137-------------------------125.840
-------------------------total--------------------------------------------------------------------------------------------937.137-------------------------650.000
After the offering to raise funds in place, if the actual net proceeds to be invested less than the amount of money raised, insufficient in part by the company's own funds or through other financing methods to solve the self-financing.
Before this issue to raise funds, according to the company operating conditions, development planning and projects the actual situation, companies have been using their own funds or bank loans for investment projects carried out first investment in raising capital after gold in place, the funds raised will be used to replace has invested its own funds or related bank loans.
II. RAISE CAPITAL INVESTMENT PROJECT FEASIBILITY ANALYSIS
(A) Eon Cloud light alloy precision die casting production base project
1.Project Overview
"Eon Cloud Metal Light Alloy Die Casting production base project" by the company and Nanjing Cloud Special Metals shares Ltd. (hereinafter referred to as "Cloud Metal") joint venture, total investment 500 Million Yuan, of which the company investment of 300 Million Yuan, intended to raise funds for investment in non-public offering of shares 259.11 Million, this equity investment Board (2016 Dec 2nd) previous investment amount, engineering and initial working capital reserve fund will not use the raise funds.
Implementation of the main project for the company and a joint venture with Cloud Metal, Ltd. (Hereinafter referred to as "Eon Cloud"), the proportion of investment between the Company and Cloud Metal were 60% and 40%. The project covers approximately 58,519 Square meters, will invest a total area of approximately 25,197 Square meters of production workshop, office building, dormitories and other buildings. Project is fully put into production, it is expected to achieve annual revenue of approximately 1 Billion, with net profit of 102.75 Million.
2.Background of the project
The main raw material of aluminum alloy, magnesium alloy is a light alloy die casting company, main business is in the public clouds metal secretary of the upstream industry, through the implementation of the project, can give full play to their respective advantages, to achieve the depth of upstream and cooperation, promote the upgrading of both profitability.
( 1 ) Basic condition of Cloud Metal
Cloud Metal was founded in Nov 1993, the registered capital 323.2113 Million and IPO in Nov 2007 at Shenzhen Stock Exchange small stock under the ticker symbol 002182 . Cloud Metal mainly engaged in metal alloy, metal strontium, R&D and intermediate aluminum alloy product development, production and sales, is one of the major magnesium alloy, aluminum alloy production vendor in the country.
( 2 ) Basic condition of Chaohu
Cloud Metal owned subsidiary Chaohu Magnesium Co., Ltd. (hereinafter referred to as "Chaohu Cloud") is present an important source of raw materials projects. Chaohu was founded in Aug 11th 2008, the registered capital 220 Million Yuan, located in Chaohu City, Anhui Province town of Summer Club, operating range: metal magnesium and magnesium alloy products, dolomite, etc. by-product production and sales. Chaohu with an annual output 50,000 tons of magnesium alloy production capacity can be directly related to the project docking operations.
( 3 ) Agreement reached between the parties
1 ) Feb 6th 2015, the company signed with the Clouds Metal "Investment Cooperation Agreement", the following major elements:
? a joint venture the two sides decided to invest in Chaohu, Anhui set up a limited liability company, "Eon Cloud Chaohu Technology Co., Ltd. "(tentative name, the specific name of the business sector in order to prevail approved). When the registered capital of the new company set tentatively scheduled for 10 Million, both monetary contribution, where Eontec and investment proportion of Cloud Metal 80% with 20%.
? The new company is mainly engaged in the production of light-alloy magnesium alloy, aluminum alloy die-casting products. Eontec Division to provide the appropriate technical resources and personnel training and other support, the metal compared clouds its new company needed for the production raw materials. New company independent management, related transaction unanimously determined by mutual agreement. Specific business combination for the agreement, the new company set up autonomous negotiated and signed.
? The new company, Clouds Metal should ensure that their subsidiaries Chaohu by country ( 2009 ) The first 001 743 Number of state-owned land use right certificate is divided, which split out 88 Use acres of land by way of transfer of the right to transfer to the new company, clouds metal should be unconditional support and cooperation. Two sides identified above the purchase price for the land use rights 103,330 Yuan / acre.
? after the establishment of the new company immediately begin preparation of investment projects, the specific circumstances of the project feasibility study The total amount of investment 500 Million. Said the amount of investment per dollar invested by the two parties on the basis of its stake 1 yuan, in order to capital increase investment in the new company, in which: Eontec to increase 400 Million in cash for investment funds Non-public offering to raise funds means to raise; to increase clouds metal 100 Million invested its own funds. The investment project into effect when the following conditions are satisfied, otherwise the termination of the above-mentioned major investment projects: Or by the General Assembly will consider the shareholders of this investment; regulatory approval Eontec non-public offering of shares, this Non-public offering completed successfully (non-public offering to raise funds all entered Eontec accounts, non-public offering shares have been listed on the Shenzhen Stock Exchange subject).
2 ) Jan 19th 2016, the company and Clouds Metal signed a "supplemental agreement Investment Cooperation Agreement", the main to read as follows:
? Feb 6th 2015 signed "investment agreement" remain in force;
? two sides decided Chaohu Eon Cloud Technology Co., Ltd. registered capital from 10 Million yuan change to 50 Million, funded ratio changed to shareholders the company invested 60 % Cloud Metal 40 %;
? both sides decide the total amount of investment projects 500 million yuan unchanged, which the company invested 300 million and Cloud Metal invested 200 million. By the parties to the self-financing; investment by both the above capital increase or borrowing the way into the new company.
( 4 )Project Progress
May 17th 2015, Chaohu Eon Cloud Technology Co., Ltd. has made the business license, the credit on behalf of the Socialist Unity code 913401813356305492 (1 - 1 ), The registered capital 50 Million; Apr 23rd 2015 year, Chaohu Eon Cloud Technology Co., Ltd. made a nest States' ( 2015 ) The first 0563 Number of land use rights, the right to use the area 58,519 square meters of land located in the town of Chaohu City Xiage bamboo Ke village; Jun 27th 2016, Chaohu Eon Cloud Limited made a number 341,402,201,600,022 "Construction project planning permit", the total construction area of 28,290.4 Square meters; Nov 3rd 2016, Chaohu Eon CloudTechnology Co., Ltd. made a number 3401811606300101 - SX - 002 "Building construction permits", the construction scale 28,290.4 square meters.
3.Project expected product solutions
Fully completed and put into production, the project is expected new capacity each year as follows:
Target customers----------product----------- material------------piece weight ( kg )----Annual output (pieces)
Laptop--------------------laptop case---------magnesium alloy---0.15----------------------3,535,488
car ----------------------steering system------aluminum------------0.80-------------------------898,560
car ----------------------steering system------aluminum-------------0.70---------------------1,797,120
car ----------------------steering bracket------magnesium alloy---1.00---------------------1,412,023
car ----------------------navigation products--magnesium alloy--0.45---------------------1,098,240
car ----------------------car stereo--------------aluminum------------0.35----------------------1,235,520
car ----------------------battery box-------------aluminum-----------26.00--------------------154,440
car ----------------------door---------------------magnesium alloy---4.00---------------------205,920
car ----------------------dash board------------magnesium alloy---4.00---------------------411,840
other-------communication base stations—aluminum----------12.00--------------------411,840
other-------elevator pedal-----------------------aluminum----------16.00--------------------154,440
Note: The company's products for non-standardized products, the actual model and product structure according to the customer in the actual implementation process change orders.
4 Necessity of the project
( 1 ) Reduce material costs, enhance the market competitiveness of products
The project by the company with upstream metal industries and enterprises to jointly invest clouds, clouds subsidiaries metal Chaohu With an annual output of clouds 50,000 Tons of magnesium alloy production capacity. The project site is close to the production line Chaohu clouds can reduce the original Material supply logistics and transport costs, is conducive to the project company at preferential prices to obtain raw materials; can also produce Direct docking process, saving part of the process the magnesium alloy material, magnesium alloy smelting reduction process energy investment and raw materials into the oxide consumption, lower recycling costs. Preliminary estimates, the cost of magnesium alloy project will fall low 15% -20% And boosting the cost advantage and market competitiveness of our products.
( 2 ) Expand and optimize the product line, the layout of Automotive Precision Die Casting
Light Alloy Die Casting mostly non-standardized products, many downstream applications, including the automotive sector with the maximum amount. Since listing, the company continued to promote the strategic development of consumer electronics products, automotive products and actively Field, the main revenue comes from smartphones, tablets, ultrabooks, notebooks, automotive and other products of light alloys Precision Die Casting. In mobile phones, the company successfully entered Huawei, Lenovo, Samsung and many other well-known hand machine customer's supply chain; in the field of notebook computers, the industry's leading association, Wistron, and large, and so have Lianbao become corporate clients; in the automotive sector, with BYD, Geely and other well-known manufacturers to achieve close cooperation with General Motors magnesium alloy door car on cooperation projects, as well as ThyssenKrupp ( TKP ), ZF TRW ( TRW ) And other mass-produced automobile steering systems, the Harman Becker ( HBA ), Desai car, Alpine ( Alpine ), AW EUROPE Car navigation products structure. He said well-known domestic and foreign customers for the company's long-term future holds Continued development has laid a solid foundation. At this stage, companies need to play in the existing technology, cost and scale advantages Basis, according to industry opportunities, market conditions, actual customer demand, promote high-tech city field better prospects, the expected benefits of the higher product capacity expansion plan. Through the implementation of this project could be expanded Regulation Mold, the automobile industry to increase product distribution, to adapt to market trends, consolidate the industry position.
( 3 ) Achieve strategic layout, close to the target customers of high-quality
Since its inception, the business has been at the location of the Pearl River Delta, the Pearl River Delta area of consumer electronics, automobile Cars, home appliances, power tools, led the development of metal products and other industries, rapid growth for the company to provide a favorable external environment. In order to further develop the national market, to achieve the company's strategic layout of the project site is located Chaohu, Anhui, location advantages, the Yangtze River Delta hinterland, "Wuhu rather" Golden Triangle Center. Through this project Implementation can achieve the strategic layout of the company "Pearl River Delta Yangtze River Delta +" double production bases, radiation Yangtze River Delta Automotive, consumer electronics and other target customers, providing customers with more convenient and efficient service, and reduce transportation costs, enhance price competitiveness.
In the automotive sector, the Yangtze River Delta region is one of China's largest automobile production base, a SAIC in the region, Shanghai Volkswagen, Shanghai GM and other well-known automobile manufacturers, the country has the widest range and largest automotive parts Parts industry gathering area; in Anhui Province, Chery Automobile, JAC, Hefei Changan automobile manufacturers.
In the field of notebook computers, the project can radiate Hefei LCFC (Compal, Lenovo Group and Taiwan's Compal Group Joint ventures), Suzhou Pegatron (And large), Shanghai HP (Hewlett-Packard) and Kunshan Wistron (Wistron), Kunshan Compal and other major notebook computer assembly plant.
5 Feasibility of the project
( 1 ) Domestic die-casting industry rapid development has laid a solid foundation for the project production
With China gradually to gather downstream manufacturing, die-casting industry of our country along with the overall level of industrialization China, development increase has been considerable, and gradually developed into a global casting giant. From the aluminum production point of view, as China's automotive, communications infrastructure, 3C Products, equipment manufacturing, home appliances, electrical and mechanical instruments, light industry sustained rapid development of the industry, as well as foreign-casting industry transfer to China, China's casting in recent years maintained rapid increase. 2011 year to 2014 Die Casting in China produced about 1.9, 2.1, 2.35 and 2.6 million tons. 2011 Year to 2014 annual growth rates were 10.5%, 10.5%, 11.9% and 10.6%.
With the production of more and more high-end manufacturing industry can be transferred to China, Chinese die casting industry in the process of growth Also ongoing upgrading of the structure, precision casting proportion gradually increased. Up 2013 late last year, China die-casting products the proportion of the automotive industry for more than 70%, with the developed countries to achieve basically the same level.
( 2 ) Automotive lightweight trend assist light alloy die castings demand continues to grow
According to China Association of Automobile Manufacturers statistics, 2015 national car production reached 24.5033 Million, continue to maintain the world Position number one automotive sales industry big country; secondly, due to the energy, environment, security and other aspects of the car more and more urgent lightweight, fuel used by cars 60% consumed in vehicle weight, weight per car 10% , Its fuel consumption can be reduced 8% ~ 10%, emissions can be reduced 10% , While the use of lightweight materials to achieve lightweight vehicles Important way; again, the laws and regulations around the world and more environmentally friendly cars on the request of the external policy push Force to accelerate the pace of lightweight vehicles; at the same time, mileage is a major bottleneck in the development of new energy vehicles, since new energy vehicles, lithium battery energy density to enhance more slowly to minimize body weight is a growing mileage the important options. Thus, growth in vehicle production and a single car will increase the amount of light alloy die-cast light alloy Industry has brought a broad market space.
( 3 ) Company expansion products with rich resources
Companies adhere to the core strategy of large customers, in cooperation with the internationally renowned customers for the company to play a bigger and crucial role. In mobile phones, the company successfully entered Huawei, Lenovo, Samsung and many other well-known Phone customer's supply chain; in the field of notebook computers, the industry's leading association, Wistron, and large, Compal etc. The company has become a customer; in the automotive sector, with BYD, Geely and other well-known manufacturers to achieve close cooperation with GM Car on magnesium alloy door for cooperation projects, as well as ThyssenKrupp ( TKP ), ZF TRW ( TRW ) And other mass-produced automobile steering systems, the Harman Becker ( HBA ), Desai car, Alpine ( Alpine ), AW EUROPE Car navigation products structure.
Rich high quality customer resources for the company's products provide a broad and stable market demand, but the company's existing Production capacity and there is customer demand compared to the gap. Partnership with the company's core customers, will become of this project Successful implementation, quick release capacity to provide effective protection.
( 4 ) The company has strong research and development capabilities and production organization and management capacity
The company has research and development and technical innovation of specialized departments in the industry has accumulated a wealth of experience Technical reserves, the establishment of the Guangdong Provincial Light Alloy Engineering Research and Development Center, the Guangdong Provincial Academy Station, postdoctoral innovative practice base in Guangdong Province, Dongguan City, magnesium aluminum light alloy Engineering Research and Development Center, Shi Houke research workstations. In addition, the company also adopted a number of well-known research institutions and "research" cooperation, open Develop new products, the use of new technology, leading technology holding company.
In addition, the company's long-term focus on the development of aluminum alloys, magnesium alloys and other light alloy precision die casting, design, raw Production and sales, leading precision die casting technology (Casting size product thickness, can do less than 0.4mm ), Production management experience, with a strong lean manufacturing capacity and supply chain management capabilities, a strong impetus to this item Head timely completion of production, to ensure the production of high efficiency, high quality, low cost.
6 Project investment budget
Eon Cloud advised by the company responsible for organizing the project jointly established with clouds metal implementation, construction site location Chaohu City in Anhui Province, with a total investment of about 500 Million, specific investment expenditures as follows:
No-------name-------------------------------------------------------- Invested amount (million)-------Investment accounting
1----Total investment in fixed assets-----------------------------455.00-------------------------------91.00%
1.1--Purchase and installation of production equipment----378.53-------------------------------75.70%
1.2--Land and construction-------------------------------------------76.47-------------------------------15.30%
2-----Initial working capital--------------------------------------------45.00---------------------------------9.00%
3-----Total investment-------------------------------------------------500.00-----------------------------100.00%
7 Project planning and economic benefits
The construction period is about 30 Months, the first year of production after the completion of the project was 30% the second year of production was 70% the third year of full production. Fully put into operation, the project is expected to achieve annual revenue of approximately 1 Billion, Net profit of about 102.75 Million, total investment internal rate of return to achieve 14.53% (after tax), static investment recovery period 6.1 Years, with better earnings and investment recovery capacity.
(B) amorphous alloy (liquid metal) precision industrial structure expansion project
1 Project Overview
The company is the industry realized a handful of amorphous alloy (liquid metal) Precision structure in consumer electronics Suppliers One of the suppliers used in the field of amorphous alloy mastered the industry-leading core technology. Give full play to the company Amorphous alloy precision structures in the field of technology leadership and competitive advantage, the total investment is about 300 million Yuan, which is intended to raise funds for investment in non-public offering of shares 265.05 Million project reserve fund and circulating funds will not be used to raise funds. An appropriate implementation of the main scientific and technological project, the project fully put into production, is expected annual income of about 700.00 Million, the net profit of about 94.50 Million.
2 Background of the project
( 1 ) Amorphous alloy has superior material properties
Amorphous alloys, also known as liquid metal or metallic glass, it has superior material properties, its raw materials are metal elements, according to a certain proportion of complex It will reduce the tendency to crystallize, when the cooling rate is very large, when there will be amorphous. The special structure of amorphous state and it has a solid, metal, glass, integrated nature, can maintain a high intensity, high hardness, under certain conditions, corrosion resistance, abrasion resistance, high resistivity, excellent magnetic characteristics. Amorphous alloy strength magnesium alloy 10 Times to stainless steel, titanium alloy 2 Times; hardness of magnesium alloy 10 times more than stainless steel, titanium alloy 1.5 times; moderate density, lighter than stainless steel, slightly heavier than titanium.
( 2 ) Amorphous alloy broad application prospects
Amorphous alloy shrinkage smaller than the pressure casting and plastic injection, it has less molding surface roughness. It has a one time forming to achieve the advantages of ultra-thin, complex structure. requiring high strength parts amorphous alloy, you can save the process cost structure. At the same time, by changing the surface of the amorphous alloy structure to change the color, late decorative rich craft, natural color, wear-resistant, hard to scratch or fade. Therefore, the amorphous alloy is expected to become plastic, light alloy after 3C the third generation products and new materials.
( 3 ) Higher technical and technological barriers Amorphous alloy products
Higher technical barriers amorphous alloy structure, the difficulty is mainly reflected in the metal and the amorphous alloy formula Production control processes. In the process, the metal structure of amorphous alloy formulation, purification material, feed ring Section, the material aspects, temperature control, pressure control, rapid cooling, injection molding and die casting equipment design, manufacture, etc. Link high demands, difficult to produce, we need to be very precise components and process control, production procedure must be in vacuum environment and rapid cooling, a failure of any part of the production will lead to naught or good products yield rate will drop significantly.
3 , Project expected to product solutions
The project will fully rely on the company in terms of amorphous alloy materials, technology, equipment and other technical advantages as well as the amount production experience, completely built and put into operation, the project is expected annual production capacity is as follows:
Project-------------------------------material------weight (kg)-----------Annual output (pieces)
Single card tray-------------------amorphous---0.005-----------------10,000,000
Dual card tray---------------------amorphous---0.005-------------------8,000,000
Shaft---------------------------------amorphous---0.008-----------------15,000,000
phone case-------------------------amorphous----0.04----------------------900,000
Camera case-----------------------amorphous---0.025------------------2,000,000
Case----------------------------------amorphous---0.018--------------------750,000
Swivel bracket----------------------amorphous---0.0015--------------12,000,000
Notebook shaft mount------------amorphous---0.012-----------------9,000,000
Notebook fixation------------------amorphous---0.024-----------------9,000,000
Wearable device accessories---amorphous---0.002--------------20,000,000
Other----------------------------------amorphous----0.01---------------20,000,000
Note: The company's products for non-standardized products, the actual model and product structure according to the customer in the actual implementation process change orders.
4 Necessity of the project
( 1 ) To create a new profit growth point
Long term commitment to the development of precision casting new products, new materials, new processes, new equipment, non Jinghe Precision gold structure is a major innovation in recent years, the company made a breakthrough, with good market prospects and higher Technical barriers, and we have gradually realized the mass production. Combination of market opportunities and development needs, bringing new products to the market is the driving force to maintain the company's rapid development. The project will accelerate the improvement of the structure of the company amorphous Maturity, and promote high-tech new products, capacity expansion, creating new profit growth point.
( 2 ) To improve the core product production scale Currently, the company amorphous alloy semi-solid molding machine 300C , 500C respectively 5 and 7 stations, and some of the equipment for the early product development to meet customer demand for production capacity is limited. Therefore, implementation of this project, Time Set melting furnace, semi-solid machine, and synchronize the configuration of broken equipment, laser cutting machine, post-processing equipment, machine Industrial equipment, surface treatment equipment, the company can ease bottlenecks in production capacity, to expand the industrial scale production, Meet the needs of the amorphous alloy precision structural parts business growing.
( 3 ) To enhance the quality and improve product distribution currently amorphous alloy precision structural parts production mainly for mobile phones Cato, bracelet case, the phone case, Latch block, USB Interface structure. Through the implementation of this project, one can enhance the company's existing products quality, consolidate the company's precise structure of amorphous alloy products in the market competitiveness; on the other hand will add production Mobile phone case, digital camera case, and other exterior products and notebook mounting bracket, swivel bracket and other structures member, extended amorphous alloy product line, improve product layout. Amorphous alloy products follow a wider market space room will most likely translate into new orders continued to promote the amorphous alloy product series.
5 Feasibility of the project
( 1 ) Amorphous alloy products is entering a period of rapid growth
Amorphous alloy good market prospects, has begun to use in environmental, medical, aerospace, telecommunications, automotive, Consumer electronics, sports equipment, and other fields of intelligent wearable, Specific products: transformers, scalpels, bearings, hinges chain, SIM Cato / card needles, clamps, golf club head, watches structure, frames, phone boxes and the like.
In the field of consumer electronics, Apple has taken the lead in iPhone of SIM Order now; card commercial amorphous alloy needles segment, Huawei, OPPO, VIVO , Jin, Hai Enmai electronics companies have been part of the terminal using an amorphous alloy Material SIM Cato, USB Interface, shaft, in boxes, etc., amorphous alloys in the consumer electronics field application growing.
As customers accept the degree of improvement, the future of amorphous alloy products more widely, the demand for amorphous alloy It will enter the period of rapid growth.
( 2 ) Company and the Institute of Metal Research cooperation, consolidate technology leadership
Company and the Institute of Metal Research established the "Institute of Metal Research - Dongguan to Bianco Technology Co., Ltd amorphous alloy joint lab, "and set up a joint investment of Liaoning Branch liquid metal gold Research Technology Ltd. Company and the Institute of Metal Research cooperation will increase in the amorphous alloy material, Level of scientific research equipment, products, new technology research and development and other aspects of preparation, accelerate the transformation, accelerate Product launch schedule, and further consolidate the company's leading position in the field of amorphous alloys.
( 3 ) The company has production of amorphous alloy products, experience and technology
Amorphous alloy supplier in the industry rarely, the company is mainly for domestic consumption in the field of electronic commercial amorphous alloy Provider. In applied research and industrial transformation of bulk amorphous alloys has been achieved industry leadership, especially In terms of alloy composition, molding and technical equipment with independent intellectual property rights of key technologies, especially Is a company formed in chunks, with core strengths on key technical and technological difficulties and other surface treatment, and success external display using amorphous material cell phone case, with batch preparation 5-6 Inch phone liquid metal exterior member ability.
Currently in the field of amorphous alloy products, the company entered the Jin, NVIDIA, Moto, Gregorian, China , for the odd cool 360 , Hai Enmai electronics and other well-known domestic and foreign customer's supply chain, providing USB Garnish, the latch Block, fingerprint pads, protective cover bracket, Cato, phone box, bracelets and other structural parts case.
The company mastered the amorphous alloy products in terms of materials, processes, equipment, and other core technology, has received or pending patents include:
No.---patent name--------------------------------------------------------------------------------------------------------------Patent No-------Filing/Authorization date---applicant----------------Category-------Status
1------An efficient high vacuum melting-casting method and molding equipment-------------------------201310638433.5---2015.08.19----------------------Eontec---------------- invention-------Authorization
2------Vacuum melting of a metal die casting set equipment---------------------------------------------------201310714994.9---2016.02.24----------------------Eontec---------------- invention-------Authorization
3------Bulk Amorphous and Nano-crystalline Alloy superficial learn polishing and polishing liquid---201410052193.5---2016.08.31----------------------Eontec---------------- invention-------Authorization
4------Efficient high-vacuum melting is cast equipment----------------------------------------------------------201320783965.3---2014.06.04-----------------------Eontec----------------new type-------Authorization
5------Vacuum melting of a metal die casting set Equipment -------------------------------------------------2013208 52018.5---2014.07.16-----------------------Eontec---------------new type-------Authorization
6------An amorphous alloy vacuum mold----------------------------------------------------------------------------201620680713.1---2016.12.21 -----------------------Eontec---------------new type-------Authorization
7------An amorphous alloy vacuum mold----------------------------------------------------------------------------201620680712.7---2016.12.21 -----------------------Eontec---------------new type-------Authorization
8------An amorphous alloy vacuum mold----------------------------------------------------------------------------201620680655.2---2016.12.21 -----------------------Eontec---------------new type-------Authorization
9------Amorphous alloy die-casting system and amorphous alloy Vacuum mold--------------------------201620680233.5---2016.12.21 -----------------------Eontec---------------new type---Authorization
10----One kind Zr-Cu-Ni-Al-A gY Non-bulk Crystal alloy and preparation method and application---201410078957.8---2016.03.16---Institute of Metal Research, Eontec---invention---Authorization
11----A high-vacuum low-temperature purification purity magnesium mention pure means------------201220339350.7---2013.04.03---Eontec, Jiamusi large learn---practical new type---Authorization
12----Amorphous alloy member cast molding equipment-------------------------------------------------------201320785547.8 ---2014.05.07---CAS gold Genus Institute, Eontec--- practical new type---Authorization
13----Vacuum furnace injection device------------------------------------------------------------------------------201420513589.0---2014.12.24---Eontec, Shenzhen Security zirconium materials technology---Utility Model---Authorization
14----Blanking agencies vacuum die molding equipment------------------------------------------------------201420513805.1---2014.12.31---Eontec, Shenzhen Security zirconium materials technology---Utility Model---Authorization
15----Amorphous alloy member casting and molding equipment Crafts------------------------------------201310639506.2---2013.11.30---Institute of Metal Research, Eontec---Patent---application in
16----An amorphous alloy member cast molding set equipment and processes-------------------------201310639470.8---2013.11.30---Institute of Metal Research, Eontec---Patent---application in
17----Amorphous alloy member and non-metallic components knot Method and co-products--------2014106 66011.3---2014.11.19---Eontec, Institute of Metal Research, Magnesium Ann---Patent---application in
18----The method of forming an amorphous alloy member-----------------------------------------------------201410719338.2---2014.11.30---CAS gold Genus Institute, Eontec ---Patent---application in
19----Amorphous alloy having antibacterial function gold-------------------------------------------------------2015107 10856.2---2015.10.28---Eontec, Dongguan Magnesium Technology Security---Patent---application in
20----Amorphous alloy a wear-resistant and corrosion Preparation and application---------------------201510690359.0---2015.10.21---Eontec, Dongguan Magnesium Technology Security---Patent---application in
21----A high-strength amorphous alloy and its preparation Methods and Applications------------------201510688954.0---2015.10.21---Eontec, Dongguan Magnesium Technology Security---Patent---application in
22--- A high-hardness amorphous composite materials and Preparation and application--------------201510785916.7---2015.11.13---Eontec,Dongguan MagnesiumTechnology Security---Patent---application in
23--- An amorphous alloy or a composite material Continuous precision forming equipment and processes---201611015560.x---2016.11.17---CAS gold Genus Institute, Eontec---Patent---application in
24---- One kind of bulk amorphous alloy high vacuum pressure Electroforming equipment and technology-----20161104006.1---2016.11.15---CAS gold Genus Institute, Eontec---Patent---application in
25----One kind of bulk amorphous alloy high vacuum pressure Cast shaped device---201621225938.4--------2016.11.15---Metal, Eontec, Liaoning Gold Institute, Shenyang Gold Research--- Patent---application in
26---A highly amorphous composite material and toughness Preparation and application 201510780752.9---2015.11.13---Eontec, Dongguan Magnesium Technology Security---Utility Model---application in
The project is an existing business, expand and improve technology, has a good production base and experience.
( 4 ) Amorphous alloy products company outstanding advantages
The main competitive advantage of the company amorphous alloy products are three-fold: First, the performance advantages of high hardness, high strength, abrasion resistance, corrosion resistance and other advantages; the second is technology advantage that plastic is easy, by injection molding, casting and other arts and get the desired shape, slim, high precision, and because modeling is completed in a complete vacuum, Surface finish is very high; third is cost advantage that due to surface finish, and does not require tedious post-processing, process cost savings. Amorphous alloy products company strong market competitiveness, help this project fast product push to the market.
6 Project investment budget
Part of the project by the company responsible for organizing the implementation of the construction site is located in Silver Spring Public Town, Dongguan Our existing plant in the region, no new land, with a total investment of about 300 Million project specific circumstances, such as investment spending under:
No.---name----------------------------------------Invested amount (million)-----Investment accounting
1------Total investment in fixed assets----------273.00-----------------------------91.00%
1.1----Equipment purchase and installation---244.31-----------------------------81.43%
1.2----Remodel cost-----------------------------------28.69-------------------------------9.57%
2-------Initial working capital-------------------------27.00-------------------------------9.00%
3-------Total investment-----------------------------300.00----------------------------100.00%
7 Project planning and economic benefits
The construction period is about 18 Months, the first year of production after the completion of the project was 30% The second year of production was 70% The third year of full production. fully put into operation, the project is expected to achieve annual revenue of approximately 700.00 Million, net profit of about 94.50 Million, total investment internal rate of return 22.51% (after tax), static investment recovery period 4.6 years, with better earnings and investment recovery capacity.
(Iii) amorphous alloy (liquid metal) R & D center construction project
1 Project Overview
To continue to enhance the company's first-mover advantage in the amorphous alloy (liquid metal) and a leading position in the field, the company will establish functional amorphous alloy (liquid metal) R&D center through implementation of this project, the purchase of related research and development Equipment, increase hardware and software investment, the introduction of more high-end talent, enhance the company in the amorphous alloy (liquid metal) collar Comprehensive R&D strength of the field. The total investment 137.137 Million, is intended to be non-public offering of shares to raise funds Put in 12,584 Million project reserve fund and initial working capital will not be used to raise funds to implement appropriate security body Eontec.
2 Necessity of the project
( 1 ) Amorphous alloy to improve the level of R&D needs
Companies from the start, winning the establishment of technology development strategy, has always attached great importance to R&D investment. Currently in the field of amorphous alloy has formed a certain scale R&D and technology development capability, achieved some important results. However, the amorphous alloy industry is a new industry, a variety of basic research and application development, we need to invest more sophisticated set Preparation and professionals for research and development. The company financial strength is still weak, poor technical equipment, there is an urgent need to increase the company's R&D center construction, improve the level of equipment and the development of technology development center, thus ensuring the company Amorphous alloy technology research and development capabilities to maintain a leading position.
( 2 ) Support for the company's current products and services The company has developed amorphous alloy product categories relatively simple, relatively high cost, performance presence into a space step improvement. The company increased R&D investment in product development and continuous improvement, increase of different rows Industry user adaptability, further improve product quality and performance, reduce costs, and maintain a competitive upgrade product force. The company set up R&D center will help the company amorphous alloy control product cost, large-scale production and grasp customer needs to develop core competitiveness.
( 3 ) Constantly develop new products, the company's long-term development to cultivate new growth points With related industries amorphous alloy acceptance, more and more companies are adopting the amorphous alloy material is provided design and production of precision parts and products, especially high-intensity, hard to the final shape and size of high precision complex thin-walled structures. Amorphous alloys having superior performance of new materials, new energy future automotive, consumer electronic products in products, efficient catalytic wastewater treatment, precious luxury, high-end medical equipment, aerospace and other fields will be widely used. Existing technical reserves and promote the industrialization of speed and customer demand there compared to the gap, which is public Secretary of existing R&D and production system put forward higher requirements. Implementation of this project, we can optimize the melting and casting process, improve toughness and corrosion resistance of amorphous expand Meet industry demand for new components and the new system amorphous alloy, and constantly developed to meet the needs of different sectors of the Amorphous Alloy products and production equipment; can shorten the development cycle of new products, to achieve seamless development and production technology, For the company to further develop amorphous alloy product market and enhance the profitability of the company to lay a solid foundation.
( 4 ) To improve the company's technology innovation capability. The project is based on the existing business, through the establishment of high-end laboratory testing equipment and pilot-scale sample preparation equipment Laboratory, create high-end amorphous alloy development and industrialization platform, the development of amorphous alloy from raw materials, smelting, molding, the whole process of analysis and depth detection key technical processing and surface treatment of self-development. The implementation of the project take the initiative to make the company's position in the future industrial competitiveness amorphous alloy to form a strong core technology innovation, to achieve sustainable development of the company.
( 5 ) To strengthen the amorphous alloy production and research joint research, to enhance the company's ability to use external R&D resources The project will establish a comprehensive research study of amorphous alloy system, with a staff of universities and research institutions Equipment and technology, carried out jointly by the amorphous alloy raw ingredients in bulk amorphous alloys and processing techniques developed research and optimization technology cooperation, promote the scale of amorphous alloy in the aviation, aerospace and other fields application.
3 The feasibility of the project
( 1 ) R&D team The company through the introduction of external and internal training combination set up a high level of professional and technical research Team, which includes senior staff 7 Bit Dr. Materials Engineering / Master of high-level personnel 8 Bit, skilled workers Engineer 17 Bit.
The company introduced the innovative research team is the one of the earliest in amorphous materials research team for many years a Straight amorphous alloy in basic science and applied research and its composites, currently has a team in the amorphous alloy points system, the formation mechanism, preparation technology, product development and application development and other functional aspects made a series of Innovative research to address the manufacturing process of amorphous alloy products alloy composition, molding technology and processes and other key issues, the amorphous alloy products to meet the needs of small batch production.
Meanwhile, the company formed a new Materials division, the selection of technology and management experience from the company's original technology, research and innovation ability of key personnel, and the recruitment of more than Dr. Master amorphous material related professional talent.
( 2 ) Industry's leading edge technology
In applied research and industrial transformation of bulk amorphous alloys has been achieved industry leadership, especially in aspects of alloy composition, molding and technical equipment all have independent intellectual property rights of key technologies.
Up Dec 31st 2016, the company has obtained patents in the field of amorphous alloy 14 Items, including patents 4 Utility model patents 10 Companies in the field of amorphous alloy pending patent applications; items 12 Items, including patents 11 Utility model patents 1 item. Meanwhile, the company is actively involved in the development of relevant industry standards and national standards.
The company's actual controller Mr. Lugee Li acquired Liquidmetal Technologies, Inc. (U.S. OTCBB Listed companies, the US company is a leading liquid metal bulk amorphous alloy R&D and commercial enterprises, with rich amorphous alloy (liquid metal) related intellectual property rights, Mr. Lugee Li commit in the future choose to inject Eontec, which is conducive to promoting Eontec with the United States LiquidMetal cooperation between the companies, to further strengthen the amorphous alloy (liquid metal) production technology, accelerate the amorphous alloy (Liquid metal) business applications, improve the technological content of amorphous alloy (liquid metal) and additional products value for the company to create new profit growth point.
( 3 ) To maintain good relations of cooperation with external institutions
We attach importance to cooperation with external universities, research institutes and other institutions, with the establishment of the Institute of Metal Research "Institute of Metal Research - Eontec amorphous alloy Joint Laboratory"; Yanshan University, State Key Laboratory of Metastable Materials Science and Technology, strategic cooperation; and Tsinghua University Liu Baixin academicians and research team jointly set up by the academician workstation. Companies working with these research institutions will improve Company research level in the amorphous alloy materials, equipment, products, new technology research and development and other aspects of preparation, plus Speed the transformation, accelerate the company's new product launch schedule, and further consolidate the company's lead in the field of amorphous alloy first position.
Foreign companies with good relations of cooperation, will help to further enhance the strength of R&D centers of technological innovation, for Implementation of this project is a strong motivating factor.
( 4 ) The company established a corporate culture that encourages innovation advocated
Companies actively promote the building of enterprise culture to encourage innovation, promote innovation within the company formed a good group organizational structure and cultural atmosphere. The company has been to encourage technological innovation, the establishment of special performance awards Li system, R&D personnel R&D project award, increase efforts to reward scientific and technical personnel, in addition to encourage achievement output for published papers and patents are awarded.
In addition the company in management, creating a relaxed and harmonious environment for innovation, give full play to the team's proactive mobility and work ethic. Management decision-makers to grasp the overall direction, so that the team goals to the organization's strategic goals, at decentralization and good management authorized relations, established a living, passionate, creative team combat.
4 The main direction of research and development
Based amorphous alloy industry development status and trends, give full play to the company's R&D and accumulated technology and product Pole strengthen technical cooperation and exchanges with domestic and foreign advanced scientific research institutions, material research and development center Material, molding, processing, production testing and commissioning technical field, and thus for the development of new products, new markets Lay the foundation for expansion, consolidation of the industry's leading edge.
R&D direction of R&D center will mainly focus on the following aspects:
( 1 ) And performance in research and development optimize the material composition;
( 2 ) Amorphous new process technology development and preparation optimization;
( 3 ) Amorphous alloy development of new products.
5 Investment Budget
The total investment 13,713.70 Million, including construction investment 13,213.70 Million, accounting for 96.35%, BEDDING Liquidity 500.00 Million, accounting for 3.65% .
No.---project----------------------------------------------------Amount (million)--------------Percentage
1------Construction Investment----------------------------132.137---------------------------96.35%
2------Architectural Engineering---------------------------7.20---------------------------------5.25%
3------Other construction cost------------------------------0.4614------------------------------0.34%
4------Equipment purchase and installation costs----118.1833-------------------------86.18%
5----- Contingencies------------------------------------------629.22-----------------------------4.59%
6------Initial working capital---------------------------------5.00---------------------------------3.65%
7------Total investment--------------------------------------137.137-------------------------100.00%
6 Project economic evaluation
This project research and development projects, not directly generate revenue. Through this project, the company can continue to develop new Products, new processes, improving product technology content, product quality, reduce production costs and help the company scale Health Production capacity expansion and to further promote the business development of the company.
III, INVESTMENT PROJECTS RELATED TO MATTERS DESCRIBED APPROVAL
(A) project approval and EIA case
No.--- project name-------------------------------------------------------------------------------------------------Project record number-----------EIA approval number
1 Eon Yunhai Light Alloy Die Casting production base project-----Development and Reform word nest [2015] 94 number----HuanJian trial [ 2015 ] 155 number
2 Amorphous alloy (liquid metal) precision industrial structure expansion project-----------------2015-441900-41-03-001012---East Central Jian (clear) [2015] 59 number
3 Amorphous alloy (liquid metal) R&D center construction project------------------------------------2016-441900-32-03-011533 ---East HuanJian [2016] 17446 number
(ii) the Land Use Project
Eon Yunhai Light Alloy Die Casting production base by the project should Anyun Hai Technology Co., Ltd. Chaohu embodiment, 2015 year 4 month twenty three Day, Chaohu should Anyun Hai Technology Co., Ltd. made a nest States' ( 2015 ) The first 0563 No land so With warrants, the right to use the area 58,519 Square meters of land located in the town of Chaohu City Xiage bamboo Ke village. Amorphous alloy (Liquid metal) precision industrial structure expansion project, amorphous alloy (liquid metal) R & D Center entry Yee science and technology projects by the responsible for the implementation of the project site is located in Guangdong Province Silver Spring Town, Dongguan Existing plant in the region, without further acquisition of land use rights.
IV. IMPACT OF THIS ISSUE OF THE COMPANY'S MANAGEMENT AND FINANCIAL CONDITION
(A) on the company's management
The issue of investment projects in line with national industrial policy, industry trends and the company's overall strategy Direction of development. The implementation of investment projects in favor of the company to further enhance the capability of independent innovation, increase Strong core competitiveness, so as to enhance the company's profitability; help companies seize market opportunities and achieve rapid fast exhibition in order to consolidate and improve the company's market position.
(B) the impact on the company's financial condition the non-public offering help to optimize the company's financial structure, improve financial strength and anti-risk companies can force. Through this non-public offering, the company cash inflow from financing activities will increase significantly, raise investment projects will be reinforced depreciation of fixed assets, but with the benefits of equity investment projects of production, the company's operating results and cash flows from operating activities Increase positive impact.
V. CONCLUSION
In summary, the Board considers this to raise funds to invest in non-public offering in line with national industrial policy and Development of the industry, investment projects with good prospects for development and profitability, is conducive to effective push Into the company's strategic development plan, will help to further enhance the company in the field of precision casting industry position and resistance risks, and expand production scale, rich product types, improve the product mix, with the feasibility of the project, In the interests of the company and all shareholders.
Eontec, Ltd.
Board of Directors
March 27, 2017
To further enhance the comprehensive strength, to meet market demand, improve product distribution, promote the rapid development of business and to enhance the sustainable profitability, Eontec, Ltd. (hereinafter referred to as "Company", "Company" or "Eontec") intends to non-public offering to raise funds for the
1."light alloy should Anyun Hai Precision Die Casting Production base project"
2."amorphous alloy (liquid metal) precision industrial structure expansion project"
3."amorphous alloy (liquid metal) R&D center construction project"
Feasibility of this non-public offering to raise funds analyzed as follows:
I. PLANNED USE OF FUNDS RAISED
Fund-raising company's non-public offering of not more than 650 Million Yuan (including 650 Million Yuan),
The funds raised after deducting issuance costs to be used for the following items:
No.---------project name-----------------------------------------------------------------------Total investment (Million)-----raise funds to be invested amount (million)
1------------Eon Cloud Metal Light Alloy Die Casting production base project----------------------500.000 -------------------------259.110
2------------Amorphous alloy (liquid metal) precision industrial structure expansion project-----300.000-------------------------265.050
3------------Amorphous alloy (liquid metal) R&D center construction project------------------------137.137-------------------------125.840
-------------------------total--------------------------------------------------------------------------------------------937.137-------------------------650.000
After the offering to raise funds in place, if the actual net proceeds to be invested less than the amount of money raised, insufficient in part by the company's own funds or through other financing methods to solve the self-financing.
Before this issue to raise funds, according to the company operating conditions, development planning and projects the actual situation, companies have been using their own funds or bank loans for investment projects carried out first investment in raising capital after gold in place, the funds raised will be used to replace has invested its own funds or related bank loans.
II. RAISE CAPITAL INVESTMENT PROJECT FEASIBILITY ANALYSIS
(A) Eon Cloud light alloy precision die casting production base project
1.Project Overview
"Eon Cloud Metal Light Alloy Die Casting production base project" by the company and Nanjing Cloud Special Metals shares Ltd. (hereinafter referred to as "Cloud Metal") joint venture, total investment 500 Million Yuan, of which the company investment of 300 Million Yuan, intended to raise funds for investment in non-public offering of shares 259.11 Million, this equity investment Board (2016 Dec 2nd) previous investment amount, engineering and initial working capital reserve fund will not use the raise funds.
Implementation of the main project for the company and a joint venture with Cloud Metal, Ltd. (Hereinafter referred to as "Eon Cloud"), the proportion of investment between the Company and Cloud Metal were 60% and 40%. The project covers approximately 58,519 Square meters, will invest a total area of approximately 25,197 Square meters of production workshop, office building, dormitories and other buildings. Project is fully put into production, it is expected to achieve annual revenue of approximately 1 Billion, with net profit of 102.75 Million.
2.Background of the project
The main raw material of aluminum alloy, magnesium alloy is a light alloy die casting company, main business is in the public clouds metal secretary of the upstream industry, through the implementation of the project, can give full play to their respective advantages, to achieve the depth of upstream and cooperation, promote the upgrading of both profitability.
( 1 ) Basic condition of Cloud Metal
Cloud Metal was founded in Nov 1993, the registered capital 323.2113 Million and IPO in Nov 2007 at Shenzhen Stock Exchange small stock under the ticker symbol 002182 . Cloud Metal mainly engaged in metal alloy, metal strontium, R&D and intermediate aluminum alloy product development, production and sales, is one of the major magnesium alloy, aluminum alloy production vendor in the country.
( 2 ) Basic condition of Chaohu
Cloud Metal owned subsidiary Chaohu Magnesium Co., Ltd. (hereinafter referred to as "Chaohu Cloud") is present an important source of raw materials projects. Chaohu was founded in Aug 11th 2008, the registered capital 220 Million Yuan, located in Chaohu City, Anhui Province town of Summer Club, operating range: metal magnesium and magnesium alloy products, dolomite, etc. by-product production and sales. Chaohu with an annual output 50,000 tons of magnesium alloy production capacity can be directly related to the project docking operations.
( 3 ) Agreement reached between the parties
1 ) Feb 6th 2015, the company signed with the Clouds Metal "Investment Cooperation Agreement", the following major elements:
? a joint venture the two sides decided to invest in Chaohu, Anhui set up a limited liability company, "Eon Cloud Chaohu Technology Co., Ltd. "(tentative name, the specific name of the business sector in order to prevail approved). When the registered capital of the new company set tentatively scheduled for 10 Million, both monetary contribution, where Eontec and investment proportion of Cloud Metal 80% with 20%.
? The new company is mainly engaged in the production of light-alloy magnesium alloy, aluminum alloy die-casting products. Eontec Division to provide the appropriate technical resources and personnel training and other support, the metal compared clouds its new company needed for the production raw materials. New company independent management, related transaction unanimously determined by mutual agreement. Specific business combination for the agreement, the new company set up autonomous negotiated and signed.
? The new company, Clouds Metal should ensure that their subsidiaries Chaohu by country ( 2009 ) The first 001 743 Number of state-owned land use right certificate is divided, which split out 88 Use acres of land by way of transfer of the right to transfer to the new company, clouds metal should be unconditional support and cooperation. Two sides identified above the purchase price for the land use rights 103,330 Yuan / acre.
? after the establishment of the new company immediately begin preparation of investment projects, the specific circumstances of the project feasibility study The total amount of investment 500 Million. Said the amount of investment per dollar invested by the two parties on the basis of its stake 1 yuan, in order to capital increase investment in the new company, in which: Eontec to increase 400 Million in cash for investment funds Non-public offering to raise funds means to raise; to increase clouds metal 100 Million invested its own funds. The investment project into effect when the following conditions are satisfied, otherwise the termination of the above-mentioned major investment projects: Or by the General Assembly will consider the shareholders of this investment; regulatory approval Eontec non-public offering of shares, this Non-public offering completed successfully (non-public offering to raise funds all entered Eontec accounts, non-public offering shares have been listed on the Shenzhen Stock Exchange subject).
2 ) Jan 19th 2016, the company and Clouds Metal signed a "supplemental agreement Investment Cooperation Agreement", the main to read as follows:
? Feb 6th 2015 signed "investment agreement" remain in force;
? two sides decided Chaohu Eon Cloud Technology Co., Ltd. registered capital from 10 Million yuan change to 50 Million, funded ratio changed to shareholders the company invested 60 % Cloud Metal 40 %;
? both sides decide the total amount of investment projects 500 million yuan unchanged, which the company invested 300 million and Cloud Metal invested 200 million. By the parties to the self-financing; investment by both the above capital increase or borrowing the way into the new company.
( 4 )Project Progress
May 17th 2015, Chaohu Eon Cloud Technology Co., Ltd. has made the business license, the credit on behalf of the Socialist Unity code 913401813356305492 (1 - 1 ), The registered capital 50 Million; Apr 23rd 2015 year, Chaohu Eon Cloud Technology Co., Ltd. made a nest States' ( 2015 ) The first 0563 Number of land use rights, the right to use the area 58,519 square meters of land located in the town of Chaohu City Xiage bamboo Ke village; Jun 27th 2016, Chaohu Eon Cloud Limited made a number 341,402,201,600,022 "Construction project planning permit", the total construction area of 28,290.4 Square meters; Nov 3rd 2016, Chaohu Eon CloudTechnology Co., Ltd. made a number 3401811606300101 - SX - 002 "Building construction permits", the construction scale 28,290.4 square meters.
3.Project expected product solutions
Fully completed and put into production, the project is expected new capacity each year as follows:
Target customers----------product----------- material------------piece weight ( kg )----Annual output (pieces)
Laptop--------------------laptop case---------magnesium alloy---0.15----------------------3,535,488
car ----------------------steering system------aluminum------------0.80-------------------------898,560
car ----------------------steering system------aluminum-------------0.70---------------------1,797,120
car ----------------------steering bracket------magnesium alloy---1.00---------------------1,412,023
car ----------------------navigation products--magnesium alloy--0.45---------------------1,098,240
car ----------------------car stereo--------------aluminum------------0.35----------------------1,235,520
car ----------------------battery box-------------aluminum-----------26.00--------------------154,440
car ----------------------door---------------------magnesium alloy---4.00---------------------205,920
car ----------------------dash board------------magnesium alloy---4.00---------------------411,840
other-------communication base stations—aluminum----------12.00--------------------411,840
other-------elevator pedal-----------------------aluminum----------16.00--------------------154,440
Note: The company's products for non-standardized products, the actual model and product structure according to the customer in the actual implementation process change orders.
4 Necessity of the project
( 1 ) Reduce material costs, enhance the market competitiveness of products
The project by the company with upstream metal industries and enterprises to jointly invest clouds, clouds subsidiaries metal Chaohu With an annual output of clouds 50,000 Tons of magnesium alloy production capacity. The project site is close to the production line Chaohu clouds can reduce the original Material supply logistics and transport costs, is conducive to the project company at preferential prices to obtain raw materials; can also produce Direct docking process, saving part of the process the magnesium alloy material, magnesium alloy smelting reduction process energy investment and raw materials into the oxide consumption, lower recycling costs. Preliminary estimates, the cost of magnesium alloy project will fall low 15% -20% And boosting the cost advantage and market competitiveness of our products.
( 2 ) Expand and optimize the product line, the layout of Automotive Precision Die Casting
Light Alloy Die Casting mostly non-standardized products, many downstream applications, including the automotive sector with the maximum amount. Since listing, the company continued to promote the strategic development of consumer electronics products, automotive products and actively Field, the main revenue comes from smartphones, tablets, ultrabooks, notebooks, automotive and other products of light alloys Precision Die Casting. In mobile phones, the company successfully entered Huawei, Lenovo, Samsung and many other well-known hand machine customer's supply chain; in the field of notebook computers, the industry's leading association, Wistron, and large, and so have Lianbao become corporate clients; in the automotive sector, with BYD, Geely and other well-known manufacturers to achieve close cooperation with General Motors magnesium alloy door car on cooperation projects, as well as ThyssenKrupp ( TKP ), ZF TRW ( TRW ) And other mass-produced automobile steering systems, the Harman Becker ( HBA ), Desai car, Alpine ( Alpine ), AW EUROPE Car navigation products structure. He said well-known domestic and foreign customers for the company's long-term future holds Continued development has laid a solid foundation. At this stage, companies need to play in the existing technology, cost and scale advantages Basis, according to industry opportunities, market conditions, actual customer demand, promote high-tech city field better prospects, the expected benefits of the higher product capacity expansion plan. Through the implementation of this project could be expanded Regulation Mold, the automobile industry to increase product distribution, to adapt to market trends, consolidate the industry position.
( 3 ) Achieve strategic layout, close to the target customers of high-quality
Since its inception, the business has been at the location of the Pearl River Delta, the Pearl River Delta area of consumer electronics, automobile Cars, home appliances, power tools, led the development of metal products and other industries, rapid growth for the company to provide a favorable external environment. In order to further develop the national market, to achieve the company's strategic layout of the project site is located Chaohu, Anhui, location advantages, the Yangtze River Delta hinterland, "Wuhu rather" Golden Triangle Center. Through this project Implementation can achieve the strategic layout of the company "Pearl River Delta Yangtze River Delta +" double production bases, radiation Yangtze River Delta Automotive, consumer electronics and other target customers, providing customers with more convenient and efficient service, and reduce transportation costs, enhance price competitiveness.
In the automotive sector, the Yangtze River Delta region is one of China's largest automobile production base, a SAIC in the region, Shanghai Volkswagen, Shanghai GM and other well-known automobile manufacturers, the country has the widest range and largest automotive parts Parts industry gathering area; in Anhui Province, Chery Automobile, JAC, Hefei Changan automobile manufacturers.
In the field of notebook computers, the project can radiate Hefei LCFC (Compal, Lenovo Group and Taiwan's Compal Group Joint ventures), Suzhou Pegatron (And large), Shanghai HP (Hewlett-Packard) and Kunshan Wistron (Wistron), Kunshan Compal and other major notebook computer assembly plant.
5 Feasibility of the project
( 1 ) Domestic die-casting industry rapid development has laid a solid foundation for the project production
With China gradually to gather downstream manufacturing, die-casting industry of our country along with the overall level of industrialization China, development increase has been considerable, and gradually developed into a global casting giant. From the aluminum production point of view, as China's automotive, communications infrastructure, 3C Products, equipment manufacturing, home appliances, electrical and mechanical instruments, light industry sustained rapid development of the industry, as well as foreign-casting industry transfer to China, China's casting in recent years maintained rapid increase. 2011 year to 2014 Die Casting in China produced about 1.9, 2.1, 2.35 and 2.6 million tons. 2011 Year to 2014 annual growth rates were 10.5%, 10.5%, 11.9% and 10.6%.
With the production of more and more high-end manufacturing industry can be transferred to China, Chinese die casting industry in the process of growth Also ongoing upgrading of the structure, precision casting proportion gradually increased. Up 2013 late last year, China die-casting products the proportion of the automotive industry for more than 70%, with the developed countries to achieve basically the same level.
( 2 ) Automotive lightweight trend assist light alloy die castings demand continues to grow
According to China Association of Automobile Manufacturers statistics, 2015 national car production reached 24.5033 Million, continue to maintain the world Position number one automotive sales industry big country; secondly, due to the energy, environment, security and other aspects of the car more and more urgent lightweight, fuel used by cars 60% consumed in vehicle weight, weight per car 10% , Its fuel consumption can be reduced 8% ~ 10%, emissions can be reduced 10% , While the use of lightweight materials to achieve lightweight vehicles Important way; again, the laws and regulations around the world and more environmentally friendly cars on the request of the external policy push Force to accelerate the pace of lightweight vehicles; at the same time, mileage is a major bottleneck in the development of new energy vehicles, since new energy vehicles, lithium battery energy density to enhance more slowly to minimize body weight is a growing mileage the important options. Thus, growth in vehicle production and a single car will increase the amount of light alloy die-cast light alloy Industry has brought a broad market space.
( 3 ) Company expansion products with rich resources
Companies adhere to the core strategy of large customers, in cooperation with the internationally renowned customers for the company to play a bigger and crucial role. In mobile phones, the company successfully entered Huawei, Lenovo, Samsung and many other well-known Phone customer's supply chain; in the field of notebook computers, the industry's leading association, Wistron, and large, Compal etc. The company has become a customer; in the automotive sector, with BYD, Geely and other well-known manufacturers to achieve close cooperation with GM Car on magnesium alloy door for cooperation projects, as well as ThyssenKrupp ( TKP ), ZF TRW ( TRW ) And other mass-produced automobile steering systems, the Harman Becker ( HBA ), Desai car, Alpine ( Alpine ), AW EUROPE Car navigation products structure.
Rich high quality customer resources for the company's products provide a broad and stable market demand, but the company's existing Production capacity and there is customer demand compared to the gap. Partnership with the company's core customers, will become of this project Successful implementation, quick release capacity to provide effective protection.
( 4 ) The company has strong research and development capabilities and production organization and management capacity
The company has research and development and technical innovation of specialized departments in the industry has accumulated a wealth of experience Technical reserves, the establishment of the Guangdong Provincial Light Alloy Engineering Research and Development Center, the Guangdong Provincial Academy Station, postdoctoral innovative practice base in Guangdong Province, Dongguan City, magnesium aluminum light alloy Engineering Research and Development Center, Shi Houke research workstations. In addition, the company also adopted a number of well-known research institutions and "research" cooperation, open Develop new products, the use of new technology, leading technology holding company.
In addition, the company's long-term focus on the development of aluminum alloys, magnesium alloys and other light alloy precision die casting, design, raw Production and sales, leading precision die casting technology (Casting size product thickness, can do less than 0.4mm ), Production management experience, with a strong lean manufacturing capacity and supply chain management capabilities, a strong impetus to this item Head timely completion of production, to ensure the production of high efficiency, high quality, low cost.
6 Project investment budget
Eon Cloud advised by the company responsible for organizing the project jointly established with clouds metal implementation, construction site location Chaohu City in Anhui Province, with a total investment of about 500 Million, specific investment expenditures as follows:
No-------name-------------------------------------------------------- Invested amount (million)-------Investment accounting
1----Total investment in fixed assets-----------------------------455.00-------------------------------91.00%
1.1--Purchase and installation of production equipment----378.53-------------------------------75.70%
1.2--Land and construction-------------------------------------------76.47-------------------------------15.30%
2-----Initial working capital--------------------------------------------45.00---------------------------------9.00%
3-----Total investment-------------------------------------------------500.00-----------------------------100.00%
7 Project planning and economic benefits
The construction period is about 30 Months, the first year of production after the completion of the project was 30% the second year of production was 70% the third year of full production. Fully put into operation, the project is expected to achieve annual revenue of approximately 1 Billion, Net profit of about 102.75 Million, total investment internal rate of return to achieve 14.53% (after tax), static investment recovery period 6.1 Years, with better earnings and investment recovery capacity.
(B) amorphous alloy (liquid metal) precision industrial structure expansion project
1 Project Overview
The company is the industry realized a handful of amorphous alloy (liquid metal) Precision structure in consumer electronics Suppliers One of the suppliers used in the field of amorphous alloy mastered the industry-leading core technology. Give full play to the company Amorphous alloy precision structures in the field of technology leadership and competitive advantage, the total investment is about 300 million Yuan, which is intended to raise funds for investment in non-public offering of shares 265.05 Million project reserve fund and circulating funds will not be used to raise funds. An appropriate implementation of the main scientific and technological project, the project fully put into production, is expected annual income of about 700.00 Million, the net profit of about 94.50 Million.
2 Background of the project
( 1 ) Amorphous alloy has superior material properties
Amorphous alloys, also known as liquid metal or metallic glass, it has superior material properties, its raw materials are metal elements, according to a certain proportion of complex It will reduce the tendency to crystallize, when the cooling rate is very large, when there will be amorphous. The special structure of amorphous state and it has a solid, metal, glass, integrated nature, can maintain a high intensity, high hardness, under certain conditions, corrosion resistance, abrasion resistance, high resistivity, excellent magnetic characteristics. Amorphous alloy strength magnesium alloy 10 Times to stainless steel, titanium alloy 2 Times; hardness of magnesium alloy 10 times more than stainless steel, titanium alloy 1.5 times; moderate density, lighter than stainless steel, slightly heavier than titanium.
( 2 ) Amorphous alloy broad application prospects
Amorphous alloy shrinkage smaller than the pressure casting and plastic injection, it has less molding surface roughness. It has a one time forming to achieve the advantages of ultra-thin, complex structure. requiring high strength parts amorphous alloy, you can save the process cost structure. At the same time, by changing the surface of the amorphous alloy structure to change the color, late decorative rich craft, natural color, wear-resistant, hard to scratch or fade. Therefore, the amorphous alloy is expected to become plastic, light alloy after 3C the third generation products and new materials.
( 3 ) Higher technical and technological barriers Amorphous alloy products
Higher technical barriers amorphous alloy structure, the difficulty is mainly reflected in the metal and the amorphous alloy formula Production control processes. In the process, the metal structure of amorphous alloy formulation, purification material, feed ring Section, the material aspects, temperature control, pressure control, rapid cooling, injection molding and die casting equipment design, manufacture, etc. Link high demands, difficult to produce, we need to be very precise components and process control, production procedure must be in vacuum environment and rapid cooling, a failure of any part of the production will lead to naught or good products yield rate will drop significantly.
3 , Project expected to product solutions
The project will fully rely on the company in terms of amorphous alloy materials, technology, equipment and other technical advantages as well as the amount production experience, completely built and put into operation, the project is expected annual production capacity is as follows:
Project-------------------------------material------weight (kg)-----------Annual output (pieces)
Single card tray-------------------amorphous---0.005-----------------10,000,000
Dual card tray---------------------amorphous---0.005-------------------8,000,000
Shaft---------------------------------amorphous---0.008-----------------15,000,000
phone case-------------------------amorphous----0.04----------------------900,000
Camera case-----------------------amorphous---0.025------------------2,000,000
Case----------------------------------amorphous---0.018--------------------750,000
Swivel bracket----------------------amorphous---0.0015--------------12,000,000
Notebook shaft mount------------amorphous---0.012-----------------9,000,000
Notebook fixation------------------amorphous---0.024-----------------9,000,000
Wearable device accessories---amorphous---0.002--------------20,000,000
Other----------------------------------amorphous----0.01---------------20,000,000
Note: The company's products for non-standardized products, the actual model and product structure according to the customer in the actual implementation process change orders.
4 Necessity of the project
( 1 ) To create a new profit growth point
Long term commitment to the development of precision casting new products, new materials, new processes, new equipment, non Jinghe Precision gold structure is a major innovation in recent years, the company made a breakthrough, with good market prospects and higher Technical barriers, and we have gradually realized the mass production. Combination of market opportunities and development needs, bringing new products to the market is the driving force to maintain the company's rapid development. The project will accelerate the improvement of the structure of the company amorphous Maturity, and promote high-tech new products, capacity expansion, creating new profit growth point.
( 2 ) To improve the core product production scale Currently, the company amorphous alloy semi-solid molding machine 300C , 500C respectively 5 and 7 stations, and some of the equipment for the early product development to meet customer demand for production capacity is limited. Therefore, implementation of this project, Time Set melting furnace, semi-solid machine, and synchronize the configuration of broken equipment, laser cutting machine, post-processing equipment, machine Industrial equipment, surface treatment equipment, the company can ease bottlenecks in production capacity, to expand the industrial scale production, Meet the needs of the amorphous alloy precision structural parts business growing.
( 3 ) To enhance the quality and improve product distribution currently amorphous alloy precision structural parts production mainly for mobile phones Cato, bracelet case, the phone case, Latch block, USB Interface structure. Through the implementation of this project, one can enhance the company's existing products quality, consolidate the company's precise structure of amorphous alloy products in the market competitiveness; on the other hand will add production Mobile phone case, digital camera case, and other exterior products and notebook mounting bracket, swivel bracket and other structures member, extended amorphous alloy product line, improve product layout. Amorphous alloy products follow a wider market space room will most likely translate into new orders continued to promote the amorphous alloy product series.
5 Feasibility of the project
( 1 ) Amorphous alloy products is entering a period of rapid growth
Amorphous alloy good market prospects, has begun to use in environmental, medical, aerospace, telecommunications, automotive, Consumer electronics, sports equipment, and other fields of intelligent wearable, Specific products: transformers, scalpels, bearings, hinges chain, SIM Cato / card needles, clamps, golf club head, watches structure, frames, phone boxes and the like.
In the field of consumer electronics, Apple has taken the lead in iPhone of SIM Order now; card commercial amorphous alloy needles segment, Huawei, OPPO, VIVO , Jin, Hai Enmai electronics companies have been part of the terminal using an amorphous alloy Material SIM Cato, USB Interface, shaft, in boxes, etc., amorphous alloys in the consumer electronics field application growing.
As customers accept the degree of improvement, the future of amorphous alloy products more widely, the demand for amorphous alloy It will enter the period of rapid growth.
( 2 ) Company and the Institute of Metal Research cooperation, consolidate technology leadership
Company and the Institute of Metal Research established the "Institute of Metal Research - Dongguan to Bianco Technology Co., Ltd amorphous alloy joint lab, "and set up a joint investment of Liaoning Branch liquid metal gold Research Technology Ltd. Company and the Institute of Metal Research cooperation will increase in the amorphous alloy material, Level of scientific research equipment, products, new technology research and development and other aspects of preparation, accelerate the transformation, accelerate Product launch schedule, and further consolidate the company's leading position in the field of amorphous alloys.
( 3 ) The company has production of amorphous alloy products, experience and technology
Amorphous alloy supplier in the industry rarely, the company is mainly for domestic consumption in the field of electronic commercial amorphous alloy Provider. In applied research and industrial transformation of bulk amorphous alloys has been achieved industry leadership, especially In terms of alloy composition, molding and technical equipment with independent intellectual property rights of key technologies, especially Is a company formed in chunks, with core strengths on key technical and technological difficulties and other surface treatment, and success external display using amorphous material cell phone case, with batch preparation 5-6 Inch phone liquid metal exterior member ability.
Currently in the field of amorphous alloy products, the company entered the Jin, NVIDIA, Moto, Gregorian, China , for the odd cool 360 , Hai Enmai electronics and other well-known domestic and foreign customer's supply chain, providing USB Garnish, the latch Block, fingerprint pads, protective cover bracket, Cato, phone box, bracelets and other structural parts case.
The company mastered the amorphous alloy products in terms of materials, processes, equipment, and other core technology, has received or pending patents include:
No.---patent name--------------------------------------------------------------------------------------------------------------Patent No-------Filing/Authorization date---applicant----------------Category-------Status
1------An efficient high vacuum melting-casting method and molding equipment-------------------------201310638433.5---2015.08.19----------------------Eontec---------------- invention-------Authorization
2------Vacuum melting of a metal die casting set equipment---------------------------------------------------201310714994.9---2016.02.24----------------------Eontec---------------- invention-------Authorization
3------Bulk Amorphous and Nano-crystalline Alloy superficial learn polishing and polishing liquid---201410052193.5---2016.08.31----------------------Eontec---------------- invention-------Authorization
4------Efficient high-vacuum melting is cast equipment----------------------------------------------------------201320783965.3---2014.06.04-----------------------Eontec----------------new type-------Authorization
5------Vacuum melting of a metal die casting set Equipment -------------------------------------------------2013208 52018.5---2014.07.16-----------------------Eontec---------------new type-------Authorization
6------An amorphous alloy vacuum mold----------------------------------------------------------------------------201620680713.1---2016.12.21 -----------------------Eontec---------------new type-------Authorization
7------An amorphous alloy vacuum mold----------------------------------------------------------------------------201620680712.7---2016.12.21 -----------------------Eontec---------------new type-------Authorization
8------An amorphous alloy vacuum mold----------------------------------------------------------------------------201620680655.2---2016.12.21 -----------------------Eontec---------------new type-------Authorization
9------Amorphous alloy die-casting system and amorphous alloy Vacuum mold--------------------------201620680233.5---2016.12.21 -----------------------Eontec---------------new type---Authorization
10----One kind Zr-Cu-Ni-Al-A gY Non-bulk Crystal alloy and preparation method and application---201410078957.8---2016.03.16---Institute of Metal Research, Eontec---invention---Authorization
11----A high-vacuum low-temperature purification purity magnesium mention pure means------------201220339350.7---2013.04.03---Eontec, Jiamusi large learn---practical new type---Authorization
12----Amorphous alloy member cast molding equipment-------------------------------------------------------201320785547.8 ---2014.05.07---CAS gold Genus Institute, Eontec--- practical new type---Authorization
13----Vacuum furnace injection device------------------------------------------------------------------------------201420513589.0---2014.12.24---Eontec, Shenzhen Security zirconium materials technology---Utility Model---Authorization
14----Blanking agencies vacuum die molding equipment------------------------------------------------------201420513805.1---2014.12.31---Eontec, Shenzhen Security zirconium materials technology---Utility Model---Authorization
15----Amorphous alloy member casting and molding equipment Crafts------------------------------------201310639506.2---2013.11.30---Institute of Metal Research, Eontec---Patent---application in
16----An amorphous alloy member cast molding set equipment and processes-------------------------201310639470.8---2013.11.30---Institute of Metal Research, Eontec---Patent---application in
17----Amorphous alloy member and non-metallic components knot Method and co-products--------2014106 66011.3---2014.11.19---Eontec, Institute of Metal Research, Magnesium Ann---Patent---application in
18----The method of forming an amorphous alloy member-----------------------------------------------------201410719338.2---2014.11.30---CAS gold Genus Institute, Eontec ---Patent---application in
19----Amorphous alloy having antibacterial function gold-------------------------------------------------------2015107 10856.2---2015.10.28---Eontec, Dongguan Magnesium Technology Security---Patent---application in
20----Amorphous alloy a wear-resistant and corrosion Preparation and application---------------------201510690359.0---2015.10.21---Eontec, Dongguan Magnesium Technology Security---Patent---application in
21----A high-strength amorphous alloy and its preparation Methods and Applications------------------201510688954.0---2015.10.21---Eontec, Dongguan Magnesium Technology Security---Patent---application in
22--- A high-hardness amorphous composite materials and Preparation and application--------------201510785916.7---2015.11.13---Eontec,Dongguan MagnesiumTechnology Security---Patent---application in
23--- An amorphous alloy or a composite material Continuous precision forming equipment and processes---201611015560.x---2016.11.17---CAS gold Genus Institute, Eontec---Patent---application in
24---- One kind of bulk amorphous alloy high vacuum pressure Electroforming equipment and technology-----20161104006.1---2016.11.15---CAS gold Genus Institute, Eontec---Patent---application in
25----One kind of bulk amorphous alloy high vacuum pressure Cast shaped device---201621225938.4--------2016.11.15---Metal, Eontec, Liaoning Gold Institute, Shenyang Gold Research--- Patent---application in
26---A highly amorphous composite material and toughness Preparation and application 201510780752.9---2015.11.13---Eontec, Dongguan Magnesium Technology Security---Utility Model---application in
The project is an existing business, expand and improve technology, has a good production base and experience.
( 4 ) Amorphous alloy products company outstanding advantages
The main competitive advantage of the company amorphous alloy products are three-fold: First, the performance advantages of high hardness, high strength, abrasion resistance, corrosion resistance and other advantages; the second is technology advantage that plastic is easy, by injection molding, casting and other arts and get the desired shape, slim, high precision, and because modeling is completed in a complete vacuum, Surface finish is very high; third is cost advantage that due to surface finish, and does not require tedious post-processing, process cost savings. Amorphous alloy products company strong market competitiveness, help this project fast product push to the market.
6 Project investment budget
Part of the project by the company responsible for organizing the implementation of the construction site is located in Silver Spring Public Town, Dongguan Our existing plant in the region, no new land, with a total investment of about 300 Million project specific circumstances, such as investment spending under:
No.---name----------------------------------------Invested amount (million)-----Investment accounting
1------Total investment in fixed assets----------273.00-----------------------------91.00%
1.1----Equipment purchase and installation---244.31-----------------------------81.43%
1.2----Remodel cost-----------------------------------28.69-------------------------------9.57%
2-------Initial working capital-------------------------27.00-------------------------------9.00%
3-------Total investment-----------------------------300.00----------------------------100.00%
7 Project planning and economic benefits
The construction period is about 18 Months, the first year of production after the completion of the project was 30% The second year of production was 70% The third year of full production. fully put into operation, the project is expected to achieve annual revenue of approximately 700.00 Million, net profit of about 94.50 Million, total investment internal rate of return 22.51% (after tax), static investment recovery period 4.6 years, with better earnings and investment recovery capacity.
(Iii) amorphous alloy (liquid metal) R & D center construction project
1 Project Overview
To continue to enhance the company's first-mover advantage in the amorphous alloy (liquid metal) and a leading position in the field, the company will establish functional amorphous alloy (liquid metal) R&D center through implementation of this project, the purchase of related research and development Equipment, increase hardware and software investment, the introduction of more high-end talent, enhance the company in the amorphous alloy (liquid metal) collar Comprehensive R&D strength of the field. The total investment 137.137 Million, is intended to be non-public offering of shares to raise funds Put in 12,584 Million project reserve fund and initial working capital will not be used to raise funds to implement appropriate security body Eontec.
2 Necessity of the project
( 1 ) Amorphous alloy to improve the level of R&D needs
Companies from the start, winning the establishment of technology development strategy, has always attached great importance to R&D investment. Currently in the field of amorphous alloy has formed a certain scale R&D and technology development capability, achieved some important results. However, the amorphous alloy industry is a new industry, a variety of basic research and application development, we need to invest more sophisticated set Preparation and professionals for research and development. The company financial strength is still weak, poor technical equipment, there is an urgent need to increase the company's R&D center construction, improve the level of equipment and the development of technology development center, thus ensuring the company Amorphous alloy technology research and development capabilities to maintain a leading position.
( 2 ) Support for the company's current products and services The company has developed amorphous alloy product categories relatively simple, relatively high cost, performance presence into a space step improvement. The company increased R&D investment in product development and continuous improvement, increase of different rows Industry user adaptability, further improve product quality and performance, reduce costs, and maintain a competitive upgrade product force. The company set up R&D center will help the company amorphous alloy control product cost, large-scale production and grasp customer needs to develop core competitiveness.
( 3 ) Constantly develop new products, the company's long-term development to cultivate new growth points With related industries amorphous alloy acceptance, more and more companies are adopting the amorphous alloy material is provided design and production of precision parts and products, especially high-intensity, hard to the final shape and size of high precision complex thin-walled structures. Amorphous alloys having superior performance of new materials, new energy future automotive, consumer electronic products in products, efficient catalytic wastewater treatment, precious luxury, high-end medical equipment, aerospace and other fields will be widely used. Existing technical reserves and promote the industrialization of speed and customer demand there compared to the gap, which is public Secretary of existing R&D and production system put forward higher requirements. Implementation of this project, we can optimize the melting and casting process, improve toughness and corrosion resistance of amorphous expand Meet industry demand for new components and the new system amorphous alloy, and constantly developed to meet the needs of different sectors of the Amorphous Alloy products and production equipment; can shorten the development cycle of new products, to achieve seamless development and production technology, For the company to further develop amorphous alloy product market and enhance the profitability of the company to lay a solid foundation.
( 4 ) To improve the company's technology innovation capability. The project is based on the existing business, through the establishment of high-end laboratory testing equipment and pilot-scale sample preparation equipment Laboratory, create high-end amorphous alloy development and industrialization platform, the development of amorphous alloy from raw materials, smelting, molding, the whole process of analysis and depth detection key technical processing and surface treatment of self-development. The implementation of the project take the initiative to make the company's position in the future industrial competitiveness amorphous alloy to form a strong core technology innovation, to achieve sustainable development of the company.
( 5 ) To strengthen the amorphous alloy production and research joint research, to enhance the company's ability to use external R&D resources The project will establish a comprehensive research study of amorphous alloy system, with a staff of universities and research institutions Equipment and technology, carried out jointly by the amorphous alloy raw ingredients in bulk amorphous alloys and processing techniques developed research and optimization technology cooperation, promote the scale of amorphous alloy in the aviation, aerospace and other fields application.
3 The feasibility of the project
( 1 ) R&D team The company through the introduction of external and internal training combination set up a high level of professional and technical research Team, which includes senior staff 7 Bit Dr. Materials Engineering / Master of high-level personnel 8 Bit, skilled workers Engineer 17 Bit.
The company introduced the innovative research team is the one of the earliest in amorphous materials research team for many years a Straight amorphous alloy in basic science and applied research and its composites, currently has a team in the amorphous alloy points system, the formation mechanism, preparation technology, product development and application development and other functional aspects made a series of Innovative research to address the manufacturing process of amorphous alloy products alloy composition, molding technology and processes and other key issues, the amorphous alloy products to meet the needs of small batch production.
Meanwhile, the company formed a new Materials division, the selection of technology and management experience from the company's original technology, research and innovation ability of key personnel, and the recruitment of more than Dr. Master amorphous material related professional talent.
( 2 ) Industry's leading edge technology
In applied research and industrial transformation of bulk amorphous alloys has been achieved industry leadership, especially in aspects of alloy composition, molding and technical equipment all have independent intellectual property rights of key technologies.
Up Dec 31st 2016, the company has obtained patents in the field of amorphous alloy 14 Items, including patents 4 Utility model patents 10 Companies in the field of amorphous alloy pending patent applications; items 12 Items, including patents 11 Utility model patents 1 item. Meanwhile, the company is actively involved in the development of relevant industry standards and national standards.
The company's actual controller Mr. Lugee Li acquired Liquidmetal Technologies, Inc. (U.S. OTCBB Listed companies, the US company is a leading liquid metal bulk amorphous alloy R&D and commercial enterprises, with rich amorphous alloy (liquid metal) related intellectual property rights, Mr. Lugee Li commit in the future choose to inject Eontec, which is conducive to promoting Eontec with the United States LiquidMetal cooperation between the companies, to further strengthen the amorphous alloy (liquid metal) production technology, accelerate the amorphous alloy (Liquid metal) business applications, improve the technological content of amorphous alloy (liquid metal) and additional products value for the company to create new profit growth point.
( 3 ) To maintain good relations of cooperation with external institutions
We attach importance to cooperation with external universities, research institutes and other institutions, with the establishment of the Institute of Metal Research "Institute of Metal Research - Eontec amorphous alloy Joint Laboratory"; Yanshan University, State Key Laboratory of Metastable Materials Science and Technology, strategic cooperation; and Tsinghua University Liu Baixin academicians and research team jointly set up by the academician workstation. Companies working with these research institutions will improve Company research level in the amorphous alloy materials, equipment, products, new technology research and development and other aspects of preparation, plus Speed the transformation, accelerate the company's new product launch schedule, and further consolidate the company's lead in the field of amorphous alloy first position.
Foreign companies with good relations of cooperation, will help to further enhance the strength of R&D centers of technological innovation, for Implementation of this project is a strong motivating factor.
( 4 ) The company established a corporate culture that encourages innovation advocated
Companies actively promote the building of enterprise culture to encourage innovation, promote innovation within the company formed a good group organizational structure and cultural atmosphere. The company has been to encourage technological innovation, the establishment of special performance awards Li system, R&D personnel R&D project award, increase efforts to reward scientific and technical personnel, in addition to encourage achievement output for published papers and patents are awarded.
In addition the company in management, creating a relaxed and harmonious environment for innovation, give full play to the team's proactive mobility and work ethic. Management decision-makers to grasp the overall direction, so that the team goals to the organization's strategic goals, at decentralization and good management authorized relations, established a living, passionate, creative team combat.
4 The main direction of research and development
Based amorphous alloy industry development status and trends, give full play to the company's R&D and accumulated technology and product Pole strengthen technical cooperation and exchanges with domestic and foreign advanced scientific research institutions, material research and development center Material, molding, processing, production testing and commissioning technical field, and thus for the development of new products, new markets Lay the foundation for expansion, consolidation of the industry's leading edge.
R&D direction of R&D center will mainly focus on the following aspects:
( 1 ) And performance in research and development optimize the material composition;
( 2 ) Amorphous new process technology development and preparation optimization;
( 3 ) Amorphous alloy development of new products.
5 Investment Budget
The total investment 13,713.70 Million, including construction investment 13,213.70 Million, accounting for 96.35%, BEDDING Liquidity 500.00 Million, accounting for 3.65% .
No.---project----------------------------------------------------Amount (million)--------------Percentage
1------Construction Investment----------------------------132.137---------------------------96.35%
2------Architectural Engineering---------------------------7.20---------------------------------5.25%
3------Other construction cost------------------------------0.4614------------------------------0.34%
4------Equipment purchase and installation costs----118.1833-------------------------86.18%
5----- Contingencies------------------------------------------629.22-----------------------------4.59%
6------Initial working capital---------------------------------5.00---------------------------------3.65%
7------Total investment--------------------------------------137.137-------------------------100.00%
6 Project economic evaluation
This project research and development projects, not directly generate revenue. Through this project, the company can continue to develop new Products, new processes, improving product technology content, product quality, reduce production costs and help the company scale Health Production capacity expansion and to further promote the business development of the company.
III, INVESTMENT PROJECTS RELATED TO MATTERS DESCRIBED APPROVAL
(A) project approval and EIA case
No.--- project name-------------------------------------------------------------------------------------------------Project record number-----------EIA approval number
1 Eon Yunhai Light Alloy Die Casting production base project-----Development and Reform word nest [2015] 94 number----HuanJian trial [ 2015 ] 155 number
2 Amorphous alloy (liquid metal) precision industrial structure expansion project-----------------2015-441900-41-03-001012---East Central Jian (clear) [2015] 59 number
3 Amorphous alloy (liquid metal) R&D center construction project------------------------------------2016-441900-32-03-011533 ---East HuanJian [2016] 17446 number
(ii) the Land Use Project
Eon Yunhai Light Alloy Die Casting production base by the project should Anyun Hai Technology Co., Ltd. Chaohu embodiment, 2015 year 4 month twenty three Day, Chaohu should Anyun Hai Technology Co., Ltd. made a nest States' ( 2015 ) The first 0563 No land so With warrants, the right to use the area 58,519 Square meters of land located in the town of Chaohu City Xiage bamboo Ke village. Amorphous alloy (Liquid metal) precision industrial structure expansion project, amorphous alloy (liquid metal) R & D Center entry Yee science and technology projects by the responsible for the implementation of the project site is located in Guangdong Province Silver Spring Town, Dongguan Existing plant in the region, without further acquisition of land use rights.
IV. IMPACT OF THIS ISSUE OF THE COMPANY'S MANAGEMENT AND FINANCIAL CONDITION
(A) on the company's management
The issue of investment projects in line with national industrial policy, industry trends and the company's overall strategy Direction of development. The implementation of investment projects in favor of the company to further enhance the capability of independent innovation, increase Strong core competitiveness, so as to enhance the company's profitability; help companies seize market opportunities and achieve rapid fast exhibition in order to consolidate and improve the company's market position.
(B) the impact on the company's financial condition the non-public offering help to optimize the company's financial structure, improve financial strength and anti-risk companies can force. Through this non-public offering, the company cash inflow from financing activities will increase significantly, raise investment projects will be reinforced depreciation of fixed assets, but with the benefits of equity investment projects of production, the company's operating results and cash flows from operating activities Increase positive impact.
V. CONCLUSION
In summary, the Board considers this to raise funds to invest in non-public offering in line with national industrial policy and Development of the industry, investment projects with good prospects for development and profitability, is conducive to effective push Into the company's strategic development plan, will help to further enhance the company in the field of precision casting industry position and resistance risks, and expand production scale, rich product types, improve the product mix, with the feasibility of the project, In the interests of the company and all shareholders.
Eontec, Ltd.
Board of Directors
March 27, 2017
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