The hottest XCMG machinery raised 5billion additio

XCMG machinery raised an additional 5billion yuan to show its determination to expand its main business

XCMG machinery raised an additional 5billion yuan to show its determination to expand its main business

China Construction machinery information

Guide: on the evening of October 11, XCMG machinery (000425, closing price 40.49 yuan) announced that the company had completed a private offering on September 20, raising a total of 4.927 billion yuan to invest in a total of nine projects, including R & D platform improvement and expansion projects, It is estimated that the annual net profit will increase by 2.257 billion yuan after reaching the production capacity, which will greatly increase

on the evening of October 11, XCMG machinery (000425, closing price of 40.49 yuan) announced that the company had completed non-public development on September 20, raising a total of 4.927 billion yuan to invest in nine major projects, including R & D platform improvement and expansion projects. It is expected to increase the annual net profit of 2.257 billion yuan after reaching the production capacity, which will greatly enhance the profitability of the company and highlight the determination of the company to become bigger and stronger

XCMG machinery's additional issuance price is 30.5 yuan/share, and the number of shares issued is 164 million, which are subscribed by 8 specific objects. Among them, Youngor Investment Co., Ltd. subscribed for 39.3 million shares, and ordnance Finance Co., Ltd. subscribed for 9.7344 million shares. The restricted period of the shares is 12 months, and the expected listing and circulation time is October 13, 2011. After this issuance, the eight specific objects will all enter the list of the top 10 shareholders of the company's vertical clamping experiment

according to XCMG machinery, the sales of the company's products mainly hoisting machinery, shoveling machinery and compaction machinery have increased significantly in recent years. Taking wheeled cranes as an example, the sales increased from 9704 units in 2007 to 16000 units in 2009; The sales of road rollers increased from 2639 in 2007 to 4553 in 2009. However, the main business income of hoisting machinery increased by only 17.88% from January to June 2010, while the sales of shoveling machinery and compaction machinery exceeded 50%, and the sales of concrete machinery even reached 176.56%. The production capacity of hoisting machinery has been seriously limited, and the expansion of production is imperative

among the planned fund-raising and investment projects of XCMG machinery, the top priority is to expand the production of hoisting machinery. According to the data, the fund-raising of 5billion yuan will be used for the upgrading and expansion project of XCMG machinery R & D platform, the technical transformation project of large tonnage all terrain crane and special crane industrialization base, the development of large crawler crane technical transformation project, the expansion of crane export capacity technical transformation project The new car body structure of the concrete construction machinery industrialization base will be based on the "carbon core" technology transferred from BMW I series hybrid models, the core technology improvement and industrialization investment project of key hydraulic components of construction machinery, the technical improvement project of key components of new transmission box of construction machinery, the technical improvement project of sheet metal parts such as new process cab of construction machinery, and the overall informatization improvement project. Among them, the main engine project with the most investment is expected to increase the tonnage, 2400 all terrain cranes, 240 front cranes, 360 tire cranes, 372 crawler cranes, 2901 truck cranes, 1200 concrete pump trucks, 600 concrete Trailer pumps, 600 concrete truck mounted pumps, etc. every year after its completion, which will solve the productivity bottleneck of enterprise development and release the growth space

XCMG machinery said that through the non-public issuance of a shares, the company's asset load ratio can be significantly reduced. At the same time, it can further expand and strengthen its main business, consolidate and improve the market share of lifting machinery and concrete machinery, and improve the company's overall gross profit margin. It is of great significance for the company to improve its financial situation, anti risk ability and competitiveness. It is expected that all the projects will reach production capacity, and the annual new sales revenue will be 15.051 billion yuan, and the new net profit will be 2.257 billion yuan, while the company's net profit in 2009 will be 1.741 billion yuan