Sanli Spectrum raised 1.1 billion yuan to build an ultra-wide TFT-LCD polarizer production line

On June 18, the polarizer manufacturer Sanlipu released a report on the issuance of non-public shares and a listing announcement, intending to non-publicly issue 20,800,000 RMB ordinary shares (A shares) to specific investors at RMB 42.03 per share. The total amount of funds raised is 874,224,006.97 yuan.

It is reported that this non-public offering of 20,800,000 new shares is expected to be listed on the Shenzhen Stock Exchange on June 19, 2020.

In the reporting period, Sanlipu was mainly engaged in the research and development, production and sales of polarizers, with operating income of RMB 817,613,800, RMB 882,960,400, RMB 1,450,668,700 and RMB 319,677,700 respectively. With the release of Hefei Sanlipu's production capacity, the company's operating income has shown an increasing trend year by year.

In the reporting period, the net profits of Sanlipu attributable to the owners of the parent company were 82,203,900 yuan, 27,698,500 yuan, 51,252,500 yuan, and 11,422,600 yuan. In 2018, due to the gradual decline in the downstream mobile phone market shipments, the company's product prices fell and the high unit production costs in the early stage of Hefei Sanlipu's mass production, the net profit attributable to the owners of the parent company declined; in 2019, With the substantial increase in capacity utilization of its subsidiary Hefei Sanlipu, the sales volume has increased significantly and the price of some products has increased due to market supply and demand. At the same time, the company has strictly controlled period expenses, and the net profit attributable to the owners of the parent company has increased by 85.04% year-on-year. .

Sanlipu said that after deducting the issuance costs, all the funds raised this time will be used for the ultra-wide TFT-LCD polarizer production line project. After the issuance and the implementation of the investment project with raised funds, the company's asset scale will be further expanded, the company's main business income will be greatly increased, the anti-risk ability of operations will be greatly enhanced, and the profitability will also be greatly improved.

At the same time, the company’s non-public issuance of stocks will raise net proceeds of 854,265,972.44 yuan. After the issuance is completed, the company’s total assets and net assets will increase substantially, which is beneficial to Improve the company's operational capabilities and debt solvency, further optimize the asset structure, reduce financial costs and financial risks, and enhance the ability to continue operations in the future.

In addition, among the 16 allocated investors in this non-public offering, Mr. Zhang Jianjun is the issuer’s controlling shareholder and actual controller, and therefore has an associated relationship with the issuer. As of May 31, 2020, the company’s total share capital is 104,000,000 shares. Mr. Zhang Jianjun directly holds 27,658,722 shares of the company, accounting for 26.59% of the company’s total share capital. He is the controlling shareholder and actual controller of the company. After this issuance, Mr. Zhang Jianjun directly holds 28,610,423 shares of the company, accounting for 22.93% of the company's total share capital, and remains the company's controlling shareholder and actual controller. In summary, before and after the issuance, the company's controlling shareholder and actual controller have not changed, and the company's control status has not changed.