Abstract On April 23, the Yellow River Cyclone held the 2014 Annual General Meeting of Shareholders and sought the opinions of shareholders on 19 proposals including the 2013 annual report and non-public offering of shares. In the non-public offering plan, the total amount of funds to be raised does not exceed 1,067.0 million
On April 23, Huanghe Cyclone held the 2014 Annual General Meeting of Shareholders and sought the opinions of shareholders on 19 proposals including the 2013 annual report and non-public offering of shares. In the non-public offering plan, the total amount of funds to be raised is not more than 1,667,200,000 yuan, and it is intended to be used for metallized single crystal and high-quality micro-powder industrialization projects of super-hard materials, super-hard material tool production line projects and supplementary liquidity.
Du Changhong, secretary and deputy general manager of the Yellow River Cyclone, told reporters that the funds raised are more to expand business opportunities in new materials and new energy fields.
Annual growth rate of more than 20%
As a leading enterprise in the domestic diamond product market share of one-third, the Yellow River cyclone has a compound growth rate of more than 20% in the main business in recent years.
In the 2013 annual report released by the Yellow River Cyclone, the net profit attributable to shareholders of listed companies in 2013 was 210 million yuan, an increase of 22.49% compared with 2012.
The reporter learned that the 2013 annual operating income increased by 23.93% compared with 2012, mainly because the Yellow River cyclone super-hard materials maintained steady growth, and metal powder and super-hard composite materials increased significantly.
Du Changhong said that in 2014, the company plans to achieve operating income of 1.7 billion to 1.8 billion yuan, and plans to achieve a net profit of 220 million to 240 million yuan attributable to ordinary shareholders of listed companies.
Du Changhong said that the current industry is affected by the macroeconomic fluctuations. In the next two years, the total demand for superhard materials in the industry will still have an annual growth rate of around 20%, which is mainly due to the continuous advancement of new urbanization and the development of diamonds in emerging industries. The use of expansion.
It is understood that compared with other industries, the business differentiation of the Yellow River whirlwind lies in its diversified product positioning in the super-hard materials industry chain.
“Last year, the company invested nearly 50 million R&D expenses for the research and development of more than ten related projects for high-end super-hard composite materials, including precision tools, oil drill bits, shale gas, etc.†said Liu Jianshe, general manager of the Yellow River cyclone.
Liu Jianshe said that the Yellow River whirlwind is dominated by super-hard materials, with super-hard composite materials and pre-alloyed powders as the main business diversified development, with comprehensive competitiveness.
In addition, the reporter learned that the former project of the Yellow River Cyclone "12,000 tons of pre-alloyed powder production line project" has the basic production conditions for the production of 3D printed materials.
Next, the Yellow River Cyclone will continue to invest in R&D and introduce lean production models to refine the production of various metals and pre-alloyed powders to meet the material requirements of metal 3D printing products.
Expand new materials and new energy fields
Du Changhong said: "The project is in line with national and local industrial policies and has a good market for the "superhard material surface metallized single crystal and high quality micropowder industrialization project" and "superhard material tool production line project" selected this time. Prospects and economic benefits, this fixed project has solid and profound R&D, technology and market experience."
Du Changhong said that after the completion of the fixed-income project, it will form an annual production capacity of 2.077 billion carats of ultra-hard materials, such as metallized single crystal, high-quality micro-powder and diamond crushed material. It is expected to increase sales revenue by 75,210. 10,000 yuan, new total profit of 134.69 million yuan, new net profit of 114.48 million yuan, project gross profit margin of 34.08%, post-tax financial internal rate of return of 15.92%, post-tax static investment payback period of 7.4 years ( Including construction period).
Bu Zhongdong, a researcher in the diamond industry of Guohai Securities, believes that the construction period of the project is 2 to 2.5 years, and there is certain uncertainty in the future. If these projects can be implemented smoothly, the company's net profit is expected to increase by 73% compared with 2013.
In this regard, Liu Jianshe also said that the strategic positioning of the Yellow River whirlwind firmly in the field of super-hard materials is unshakable, and actively expands the research and development and investment in the use of super-hard materials in the field of new materials and new energy, especially in wind energy, solar energy and carbon systems. New materials focus on research and development in several directions.
In addition, the reporter learned that the Yellow River cyclone shale gas composite film is under development and implementation, involving the sapphire project, the Yellow River whirlwind is in the pilot development of the diamond wire saw production line.
In addition, graphene, as one of the new carbon-based materials, is a strategic research project of the company's key development, and the R&D center has initiated research and development.
"These three projects are important product directions in the future development of the company. We will work hard to let the project fall ahead and increase the company's profitability." Du Changhong said.
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