half bad it will take longer to reach full expansion possibly because there is more emphasis on getting it right the first time. cant have another kang production screw up.
good does not affect the existing yihao 100+ machine production/capacity. josh says lqmt orders to yihao up 250% yoy.
3. The main reasons for the postponement of investment projects with some raised funds ?The actual amount of funds raised in the construction project of the amorphous alloy (liquid metal) R&D center is 81,289,600 yuan. Up to now, the actual amount of funds raised in the construction of the amorphous alloy (liquid metal) R&D center is 74,400 yuan, and the remaining amount of funds raised Including interest income was 88,681,100 yuan. ?In order to meet the needs of more companies for liquid metal materials, expand the scale of the company's liquid metal industry, and promote the development of the liquid metal industry, the company plans to include the remaining amount of funds raised for the construction of the amorphous alloy (liquid metal) R&D center project with interest income of RMB 88,681,100.
All used for the industrial expansion project of amorphous alloy (liquid metal) precision structural parts to build new plants and purchase equipment, and terminate the construction of amorphous alloy (liquid metal) R&D center; meanwhile, use amorphous alloy (liquid metal) precision structural parts The implementation method of the industrialized production expansion project was changed from a certain transformation of the existing production workshop, the purchase of related equipment to a new plant and the purchase of related equipment, and the adjustment of the investment amount of some items in the project.
Amorphous alloy (liquid metal) precision structural parts industrialization expansion project The new factory building involves many links such as site selection, design, construction, decoration, and completion acceptance. It takes a long time. In addition, the purchase of related equipment and the installation and commissioning after the equipment purchase are completed. , Trial operation, etc. will take a certain amount of time. In order to ensure the quality of the new plant and the efficiency of the use of related equipment, reduce the risk of using raised funds, and protect the interests of the company and all shareholders, after careful research and demonstration, the company intends to postpone the industrialization expansion project of amorphous alloy (liquid metal) precision structural parts.
Fourth, the impact of the extension of investment projects with some raised funds on the company?The extension of the industrialization expansion project of amorphous alloy (liquid metal) precision structural parts is based on the company’s A prudent decision made to change the project implementation method. The project implementation entity, construction location, total investment amount, and final use have not changed, and there is no disguised change in the investment direction of the raised funds and damage to the interests of other shareholders, and will not have a substantial impact on the implementation of the raised funds investment project.
The postponement of the industrial expansion project of amorphous alloy (liquid metal) precision structural parts will not adversely affect the company's normal production and operation, and is in line with the company's long-term development plan. The company will strengthen the supervision of the construction progress of the project to ensure that the project is constructed according to the new plan in order to improve the efficiency of the use of raised funds.
?V. Sponsor's verification opinions?Upon verification, the sponsor believes that:?The delay of the company’s industrialization expansion project for amorphous alloy (liquid metal) precision structural parts is a cautious decision made by the company based on the change in the implementation of the project. There is no disguised change in the investment direction of the raised funds and damage to the interests of other shareholders. It will have a substantial impact on the implementation of investment projects with raised funds.
The postponement of the industrial expansion project of amorphous alloy (liquid metal) precision structural parts will not adversely affect the company's normal production and operation, which is in line with the company's development strategy. The company will strengthen the supervision of the construction progress of the project to ensure that the project is constructed according to the new plan to improve the efficiency of the use of raised funds.?(No text below)
