On October 12th, Lianying Laser (688518.SH), which focuses on the field of laser welding equipment, announced that it plans to raise no more than 990 million yuan for the expansion of production in East China base, the construction of technical center, the construction of Shenzhen base and the replenishment of working capital.
Win Laser's main business is R&D, production and sales of precision laser welding machines and complete sets of laser welding automation equipment. Its downstream application fields include automobiles, power batteries, consumer electronics, communications and other industries. Its products are mainly used in the power battery industry, and its customers include Contemporary Amperex Technology Co., Limited, BYD, Xinwangda, Yiwei Lithium Energy and so on.
According to the announcement, the company plans to issue no more than 89.76 million shares to no more than 35 (including 35) specific targets. The upper limit of the final issue number is subject to the upper limit of the number of issues approved by the CSRC for registration, and the total amount of funds raised does not exceed 990 million yuan. Among them, the East China Base Expansion and Technology Center Construction Project plans to use the raised capital investment of 360 million yuan. The Shenzhen Base Construction Project is divided into two subprojects: the high-precision laser and laser welding complete equipment capacity construction project and the digital operation center construction project. It plans to use the raised capital of 285 million yuan and 95 million yuan respectively, and the remaining 250 million yuan is planned to supplement the working capital.
Lian Laser said that in recent years, thanks to the rapid increase in sales volume and penetration rate of new energy vehicles, the demand and shipment volume of power battery market continued to grow, and the main power battery enterprises in the industry continued to increase capacity investment and layout. As an important production equipment of power battery, the demand for laser welding equipment continues to grow, and the market scale continues to increase. As the main supplier of the company's laser welding equipment, the scale of orders in hand has continued to increase steadily. As of June 30, 2022, the total amount of orders in hand is 3.977 billion yuan (excluding tax), and the company's existing production capacity can no longer meet the demand for delivery of orders in hand. This increase is the need to improve the independent production capacity of lasers, improve the production capacity of complete laser welding equipment, ensure the stability of business premises and meet the capital needs of the company's long-term development.