On July 15th, the Furi Electronic Disclosure Plan was suspended in January. The company intends to issue no more than 50 million shares to a specific investor. The reserve price is 90% of the average price of the 20 trading days before the suspension, which is 6.41 yuan. / Shares, among which the major shareholder Furi Group will subscribe for no less than 38.76% to maintain its holding ratio. The proceeds will be used to acquire 92.80% of the registered capital (34.15 million yuan) of Mairui Optoelectronics and to supplement the working capital.
According to the disclosure, Mairui Optoelectronics is a high-tech enterprise specializing in R&D and design, technology optimization and production, sales and service of LED display and LED lighting products in Shenzhen. Last year and the first half of this year, the net profit was 25.42 million yuan. And 10,526,000 yuan.
Furi Electronics said that the company has been involved in the LED industry since 2001. Due to the rapid development of the whole industry in recent years, the capacity growth is higher than the market demand, so the market competition is extremely fierce. The company plans to build a complete industrial chain of R&D, production and application of LED chip manufacturing, packaging and application products through new construction, expansion, mergers and acquisitions, etc., and rapidly expand the industrial scale.
In addition, Furi Electronics intends to repay the loan using funds not exceeding 30% of the net proceeds from the fundraising. As of the end of the first quarter, the company's overall interest-bearing liabilities have reached 358 million yuan, of which the two borrowing rates to Great Wall Asset Management and Cinda Asset Management are as high as 11% and 10.4% respectively. In the past three years, the company has spent more than 3,000 per year. Financial expenses of 10,000 yuan. The company believes that raising funds to return loans can greatly improve the company's financial position.
Since the price of the equity transfer of Mairui Optoelectronics has not been determined based on the evaluation results of the records filed by the competent authority, it is not known how the funds are allocated. However, according to the issue price of the issue and the issuance scale of 50 million shares, if the proportion used to repay the loan reaches 30%, the purchase price of Mairui Optoelectronics will be around 220 million yuan. Market participants believe that this price corresponds to the company's price-earnings ratio of more than 9 times last year, and Mai Rui Optoelectronics did not show high growth in the first half of this year, the purchase price is significantly overestimated.
In addition, the status of the assets of Mairui Optoelectronics is also questionable. In the first half of this year, the company's total assets decreased from 319 million yuan at the end of last year to 293 million yuan. The total liabilities during the same period increased from 218 million yuan to 240 million yuan, and the owner's equity thus shrank from 101 million yuan to 53.926 million yuan. As of the end of June, Mairui's asset-liability ratio was as high as 81.75%. Due to the lack of more detailed data disclosure, the reasons for the changes in the assets of Mairui Optoelectronics remain a mystery.
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )
According to the disclosure, Mairui Optoelectronics is a high-tech enterprise specializing in R&D and design, technology optimization and production, sales and service of LED display and LED lighting products in Shenzhen. Last year and the first half of this year, the net profit was 25.42 million yuan. And 10,526,000 yuan.
Furi Electronics said that the company has been involved in the LED industry since 2001. Due to the rapid development of the whole industry in recent years, the capacity growth is higher than the market demand, so the market competition is extremely fierce. The company plans to build a complete industrial chain of R&D, production and application of LED chip manufacturing, packaging and application products through new construction, expansion, mergers and acquisitions, etc., and rapidly expand the industrial scale.
In addition, Furi Electronics intends to repay the loan using funds not exceeding 30% of the net proceeds from the fundraising. As of the end of the first quarter, the company's overall interest-bearing liabilities have reached 358 million yuan, of which the two borrowing rates to Great Wall Asset Management and Cinda Asset Management are as high as 11% and 10.4% respectively. In the past three years, the company has spent more than 3,000 per year. Financial expenses of 10,000 yuan. The company believes that raising funds to return loans can greatly improve the company's financial position.
Since the price of the equity transfer of Mairui Optoelectronics has not been determined based on the evaluation results of the records filed by the competent authority, it is not known how the funds are allocated. However, according to the issue price of the issue and the issuance scale of 50 million shares, if the proportion used to repay the loan reaches 30%, the purchase price of Mairui Optoelectronics will be around 220 million yuan. Market participants believe that this price corresponds to the company's price-earnings ratio of more than 9 times last year, and Mai Rui Optoelectronics did not show high growth in the first half of this year, the purchase price is significantly overestimated.
In addition, the status of the assets of Mairui Optoelectronics is also questionable. In the first half of this year, the company's total assets decreased from 319 million yuan at the end of last year to 293 million yuan. The total liabilities during the same period increased from 218 million yuan to 240 million yuan, and the owner's equity thus shrank from 101 million yuan to 53.926 million yuan. As of the end of June, Mairui's asset-liability ratio was as high as 81.75%. Due to the lack of more detailed data disclosure, the reasons for the changes in the assets of Mairui Optoelectronics remain a mystery.
( This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED . Readers need to verify the relevant content by themselves. )
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