Henghe Mould(SZ:300539)2022-12-06 05:30Group 1: Company Overview - Ningbo Henghe Mould Co., Ltd. is involved in the production of precision injection molds and plastic parts [1] - The company has established a partnership with Korea's CREA, but there are currently no updates on the collaboration [1] Group 2: Investment Projects - The project for "New annual production of 300 sets of precision injection molds and 4,500 tons of precision plastic parts" has a total investment of CNY 244.79 million, with CNY 188.44 million already invested as of December 31, 2016 [1] - The "Mould R&D Center Project" has a total investment of CNY 25.83 million, with CNY 4.03 million invested as of December 31, 2016 [1] - The net amount raised from the initial public offering was CNY 10,881,810, which has been fully utilized to replace pre-investments in related projects [2] Group 3: Project Adjustments - Due to a significant gap between the raised funds and the planned total investment, the company needs to seek additional funding to continue the investment projects [2] - The implementation deadlines for the "New annual production of 300 sets of precision injection molds and 4,500 tons of precision plastic parts" and "Mould R&D Center Project" have been adjusted to December 31, 2018 [2] Group 4: Automotive Business Development - The company is actively implementing a project for "New annual production of 5 million automotive functional parts, automotive lighting, high-end interior and exterior parts," with ongoing preliminary construction of supporting facilities [2] - The main products expected from this project include automotive front-end module assemblies, fuel filler cap assemblies, interior parts, and instrument panel assemblies [2] - The company sees significant potential in the automotive parts market, which aligns with its strategic goal of expanding market share and enhancing core competitiveness [2] - Efforts are underway to obtain certifications from other major manufacturers beyond Geely [2]