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英力特定增6.8亿“补血”,控股股东领衔15家机构入场

Core Viewpoint - The company Yinglite (000635) has successfully completed a private placement of shares, raising a total of 684 million yuan to address its financial difficulties and enhance its integrated industrial chain [2][3][10]. Group 1: Fundraising Details - Yinglite issued 91.046 million shares at a price of 7.51 yuan per share, raising a total of 684 million yuan, with a net amount of 679 million yuan after deducting issuance costs [2][4]. - The private placement involved 15 investors, including the controlling shareholder Yinglite Group and other institutional investors [2][4][10]. Group 2: Financial Context - The company has faced three consecutive years of losses, with rising asset-liability ratios, prompting the need for capital operations and integration of its main business [3][11]. - Financial data shows that Yinglite's net profits for 2022, 2023, and 2024 are projected to be -389 million yuan, -668 million yuan, and -503 million yuan, respectively [11][13]. - The company's asset-liability ratio increased from 16.92% in 2022 to 57.23% in 2024, indicating a significant financial strain [13][14]. Group 3: Use of Proceeds - The raised funds will primarily be used for a 300,000-ton acetylene technical transformation project, a distributed photovoltaic project, and a zero-discharge wastewater technical transformation project, along with supplementing working capital [7][15]. - The acetylene technical transformation project is expected to generate an annual sales revenue of 960 million yuan and an annual profit of 57.87 million yuan once operational [15]. Group 4: Market and Operational Challenges - The company has been significantly impacted by fluctuations in PVC prices, which saw a drastic decline in sales revenue and profitability in 2022 [11][13]. - Yinglite's operational cash flow turned negative in 2022, highlighting the urgent need for financial restructuring [14]. - The company aims to enhance its production efficiency and reduce costs through the technical upgrades planned with the raised funds [10][15]. Group 5: Strategic Outlook - The controlling shareholder's participation in the fundraising reflects confidence in the company's future development and the support from the state-owned enterprise [10][16]. - The company is exploring further capital operations to improve its financial health and operational efficiency, indicating a proactive approach to its challenges [17].