13亿元募投项目受深交所问询 广电计量回应：系对现有业务扩产和升级，不涉及开展新业务

Core Viewpoint - The company, Guangdian Measurement, has officially responded to the Shenzhen Stock Exchange's inquiry regarding its fundraising plan, which aims to raise up to 1.3 billion yuan for various projects, including testing platforms for aviation equipment and artificial intelligence chips [1][2]. Group 1: Fundraising and Investment Projects - Guangdian Measurement plans to issue no more than 67.13 million shares to raise funds for projects such as an aviation equipment testing platform, an AI chip testing platform, and a satellite internet quality assurance platform [1]. - The company asserts that the fundraising projects are expansions and upgrades of existing business capabilities, enhancing its testing capacity and broadening the range of testing objects [2][6]. - The company has reported significant order reserves for several projects, indicating a strong market demand for its services [8]. Group 2: Accounts Receivable and Financial Health - The accounts receivable for Guangdian Measurement have shown a steady increase, with values of 1.202 billion yuan, 1.274 billion yuan, 1.328 billion yuan, and 1.375 billion yuan over the past four years, representing a significant portion of current assets [2][3]. - The company categorizes its clients into three groups (A, B, C) based on payment terms, with A-class clients typically having payment terms of 30 to 90 days [3][4]. - Over 50% of the accounts receivable are from special industry clients and government entities, which tend to have longer internal payment approval processes [5]. Group 3: Market Position and Competitive Strategy - Guangdian Measurement claims that its current investment-to-output ratio is higher than the industry average, indicating a need for continued investment to enhance market competitiveness [7]. - The company emphasizes that the new fundraising projects do not involve redundant investments and are essential for meeting the increasing demands for its testing services [6][7]. - The company has adjusted its previous fundraising projects to optimize resource allocation and avoid idle investments, demonstrating a strategic approach to capital management [9].