Fixed adjustment has just been "finalized"
In June 2012, the Silan Micro Board of Directors reviewed and approved the “Proposal on the Company's Non-public Issuance of Stocks to Specific Targetsâ€. At that time, the company's proposed issue price was not less than 9.59 yuan per share.
As a result of the mid-2012, the company implemented a dividend plan of 10 yuan for every 10 shares. To this end, on February 27, 2013, the company approved the shareholders' meeting, adjusted the fixed price to 4.19 yuan / share, and changed the validity period of the resolution to 12 months from the date of the shareholders' meeting. The number of the company's issuance is still no more than 170 million shares, and no less than 60 million shares, the total amount of fundraising does not exceed 880 million yuan, of which 700 million yuan is invested in the first phase project of Chengdu Silan Semiconductor Manufacturing Co., Ltd. The investment is about 1 billion yuan, and another 180 million yuan is used to supplement the working capital of the company.
According to the company, refinancing is mainly used to expand the company's existing high-tech product production scale and future high-growth areas, consolidate and enhance the market share and popularity of the company's products, and further enhance the company's overall competitiveness and sustainable development capabilities. However, it should be mentioned that the controlling shareholder and actual controller of the company are not involved in the subscription.
"Calculate money" while "financing"
Since Silan Micro adjusted the fixed-income program a week ago, this move clarified the positive side of the company's promotion of refinancing. However, not long after the time interval, the company announced the purchase of wealth management products on March 5th: “In the first 12 months, the company repeatedly used the funds to use the funds to purchase wealth management products, and the amount of rolling accumulated was about 860 million yuan. The current actual income is about 8.97 million yuan."
Silan Micro said that the company intends to invite the board of directors and the shareholders meeting to agree that the company can use its own temporary idle funds (principal) of up to 300 million yuan to invest in low-risk short-term wealth management products.
Is the company short of money? Ma Liang, a securities affairs representative, explained, “There will be some surplus funds in the company’s production and operation. There will be differences between the financial response and the receivables. In this gap, the company uses financial tools to increase profits. But the company’s funds for this part of the fund. Use cannot be used for long-term investment."
However, a trust veteran pointed out that “the listed company’s idle money to purchase wealth management products indicates that the real economic yield is not satisfactory.â€
Intensified competition is still a big investment
On March 5, Silan Micro disclosed its 2012 annual report. The company's total operating income was 1.349 billion yuan, down 12.74% year-on-year; net profit was 18.27 million yuan, down 88.07% year-on-year. In this performance, the company explained that the decline in operating income was affected by the intensified competition in the industry. The price of LED products was significantly lower than that of the same period of the previous year, resulting in a significant decrease in operating income. Affected by the external economic downturn, the sales revenue of the company's integrated circuits and discrete device chips also decreased to a certain extent compared with the previous year.
However, the company’s planned project, the first phase of Chengdu Silan Semiconductor Manufacturing Co., Ltd., is still carried out around the company’s main business. The company hangs on the competition in the industry and is used for performance decline. The rhetoric, while still vigorously raising funds to continue to invest in the industry, there are many contradictions. "We have a large industry and many opportunities. The company plans to invest in projects that are currently being invested in China. After the project is completed, the number of companies doing this project will increase, but the company is already a pioneer." Say.
According to the data, in 2010, Silan Micro raised a total of 600 million yuan to invest in the "high-brightness LED chip production line expansion project", but the project has not yet fully reached production. According to the company's 2012 annual report, the fundraising project did not meet the progress of the investment plan.
PVC Insulated Cable (Wire)
1. Product standard
The product is manufactured according to the standard of GB5023-1997 and JB8734-1998 or IEC, BS, DIN and ICEA upon request.
2. Application
The product is suitable for use in power installations, fixed wiring or flexible connections for electrical appliances with rated voltages up to and including 450/750V respectively.
3. Operating characteristics
Rated voltages of Underground Cable U0/U: 450/750V.300/500V and 300/300V.
Max .Permissible continuous operating temperature of the conductor:
227 IEC 07 (BV-90) 90℃
227 IEC 08 (RV-90) 90℃
For other types 70℃
The ambient temperature under installation should not below 0℃
The bending radius of cable:
D≤25mm ≥4D
D＞25mm ≥6D
(D-Diameter of the cable )
4. Type and Designation:
Type:
227 IEC 01(BV), 227 IEC 02(RV), 227 IEC 05(BV), 227 IEC 06(RV), 227 IEC 07(BV-90), 227 IEC 08(RV-90), 227 IEC 10(BVV), 227 IEC 42(RVB), 227 IEC 52(RVV), 227 IEC 53(RVV), 227 IEC 74(RVVYP), 227 IEC 75(RVVY), BV, BLV, BVR, BVV, BLVV, BVVB, BLVVB, RVS
Designation:
227 IEC 01(BV): Single-core non-sheathed cable with rigid conductor for general purposes
227 IEC 02(RV: Single-core non -sheathed cable with flexible conductor for general purposes
227 IEC 05(BV): Single-core non -sheathed cable with solid conductor for internal wiring for a conductor temperature of 70℃
227 IEC 06(RV): Single-core non -sheathed cable with flexible conductor for internal wiring for a conductor temperature of 70℃
227 IEC 07(BV-90): Single-core non -sheathed cable with solid conductor for internal wiring for a conductor temperature of 90℃
227 IEC 08(RV-90): Single-core non -sheathed cable with flexible conductor for internal wiring for a conductor temperature of 90℃
227 IEC 10(BVV): Light PVC sheathed cable
227 IEC 42(RVB): Flat non-sheathed flexible cord
227 IEC 52(RVV): Light PVC sheathed flexible cord
227 IEC 53(RVV): Ordinary PVC sheathed flexible cord
227 IEC 74(RVVYP): Oil-proof PVC sheathed, screened flexible cable
227 IEC 75(RVVY): Oil-proof PVC sheathed, non-screened flexible cable
BV: Copper conductor PVC insulated wire
BLV: Aluminum conductor PVC insulated wire
BVR: Copper conductor PVC insulated and sheathed round cable
BVV: Copper conductor PVC insulated and sheathed round cable
BLVV: Aluminum conductor PVC insulated and sheathed round cable
BVVB: Copper conductor PVC insulated and sheathed flat cable
BLVVB: Aluminum conductor PVC insulated and sheathed flat cable
RVS: Copper conductor PVC insulated twisted flexible cord for connection
PVC Single Core Cable,Building Flat Wire,Flat Building Wire,Electrical Cable Wires,Underground Cable
Huayuan Gaoke Cable Co.,Ltd. , https://www.bjhygkcable.com