The company released important documents
The document excerpts are as follows:
002190 Chengdu Integration Life Course: July 6, 2010
Chengdu Aircraft Integration: Plans to issue no more than 106 million shares in a private placement of not less than 9.7 yuan/share to enter lithium batteries
Chengdu Aircraft Integrated (002190) (1) Basic situation of AVIC Lithium Battery
1. Overview
Company name: AVIC Lithium Battery (Luoyang) Co., Ltd.
Registered address: 5th Floor, Feihang Building, No. 16 Chuncheng Road, High-tech Zone, Luoyang
Main office Location: Feihang Building, No. 16 Chuncheng Road, High-tech Zone, Luoyang City
Legal representative: Wang Changling
Registered capital: 135 million yuan
Company type: One-person limited liability company
Business scope: engaged in the research, production, sales and market application development of lithium-ion power batteries and related integrated products; engaged in the import and export of goods and technology (subject to approval or approval by laws and regulations) Except for those prohibited from operating) Date of establishment: September 14, 2009 AVIC Lithium Battery is a wholly-owned subsidiary of the China Air-to-Air Missile Research Institute (hereinafter referred to as the "Missile Research Institute"). The Missile Research Institute is a public institution legal person organized by the Aviation Industry Corporation of China. Therefore, The actual controller of AVIC Lithium Battery is AVIC.
2. Business development
AVIC Lithium Battery is a leading high-tech new energy company in China specializing in the research and development and large-scale production of lithium-ion power batteries and power management systems. AVIC Lithium Battery Department was invested and established by the Missile Research Institute and has achieved rapid development relying on its military technology, management experience and human resources. As China's top military equipment research and development institution, the Missile Research Institute has been working in the field of lithium-ion power batteries for many years. The lithium-ion power batteries produced by AVIC Lithium Battery have large single capacity, high energy density, long cycle life, and resistance to overcharge and discharge. Strong, no memory effect, low self-discharge rate, clean and maintenance-free, the products cover the 40AH-500AH series; at the same time, it can customize power modules and energy storage modules for customers, and the product voltage platform covers the 24V-600V series. AVIC Lithium Battery's products have been used in electric vehicles, energy storage, locomotives and military power supplies. The main parade floats at the 2010 Shanghai World Expo, as well as some police patrol cars, new energy buses, road sweepers and yachts all used power battery modules produced by AVIC Lithium Battery. At present, the company has 6 patents and has multiple patent applications in the process of being accepted. It has obtained a number of international and domestic certifications including CE and Un38.3, and has a certain reputation and brand influence in domestic and foreign markets.
The AVIC Lithium Battery Department was established in September 2009. As of December 31, 2009, the total assets of AVIC Lithium Battery were 169.51 million yuan and the net assets were 131.24 million yuan; it had not yet generated operating income in 2009. , net profit was -3.76 million yuan; as of March 31, 2010, AVIC Lithium Battery's total assets were 206.82 million yuan, and net assets were 131 million yuan; operating income in the first quarter of 2010 was 16.1 million yuan, Net profit was -240,000 yuan.
The audit and evaluation work related to AVIC Lithium Battery is in progress.
(2) Basic situation of lithium-ion power battery projects
1. Project implementation background and development prospects
(1) Governments around the world are increasing their efforts in the new energy industry Guidance has become mainstream
The global shortage of oil resources and the deteriorating climate environment have caused severe challenges to the development of modern human society.
Countries around the world are competing to develop and apply energy-saving, environmentally friendly green new energy products. They support the development of new energy technology enterprises with various special plans and technical research projects, and have introduced a series of industry promotion policies, especially for electric vehicles and wind and solar power grid energy storage. The promotion of areas represented by large-capacity lithium-ion power batteries and other applications has attracted the most attention.
The U.S. economic stimulus plan clearly states that: $200 million in bonuses and loans will be provided for electric vehicle research; $400 million will be used for the purchase of new energy vehicles by federal and local governments; by 2016, $200 million will be provided for the purchase of new hybrid vehicles The taxpayer takes a tax deduction of $2,500-$7,500. For my country's new energy vehicle industry, which is in its early stages, the government has also adopted a combination of policy guidance and financial subsidies to guide industry development. On May 31, 2010, the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the National Development and Reform Commission jointly issued the "Notice on Launching the Pilot Program of Subsidy for Private Purchase of New Energy Vehicles", which clarified the central government's support for private purchases in pilot cities. A one-time subsidy will be given to plug-in hybrid passenger cars and pure electric passenger cars that are registered and used. The maximum subsidy for each plug-in hybrid passenger car is 50,000 yuan, and the maximum subsidy for each pure electric passenger car is 60,000 yuan.
(2) Lithium-ion power batteries are also supported by policies of various countries because of their criticality
As the core energy component of new energy vehicles, lithium-ion power batteries are the key to the development of electric vehicles Therefore, the industrial departments of various countries have vigorously supported the development of their own lithium-ion power battery industry. The U.S. economic stimulus package proposes to provide $2 billion in bonuses and loans for power battery research. Our country has also introduced a number of policies to regard high-performance lithium-ion batteries as a key high-tech field that is currently prioritized for development. The Ministry of Science and Technology has made it a priority during the "Ninth Five-Year Plan", "Tenth Five-Year Plan" and "Eleventh Five-Year Plan". The scientific and technological research projects are included in national science and technology development plans such as the national “863” plan, the national Torch Plan, and the national key new product plan.
2. Project content
The total investment of this project is 1.7 billion yuan, including construction investment of 1.5 billion yuan and initial working capital of 200 million yuan. After the project is completed, it will form a production capacity of 680 million AH large-capacity lithium-ion power batteries. The project construction period is 38 months.
After the project is completed and put into operation, the average annual net profit is expected to be 374 million yuan, the financial internal rate of return of the project investment (before income tax) is 23.10, and the project investment payback period (before income tax) is 7.8 years.
3. The "Proposal on the Non-public Issuance of Stock Plan of Sichuan Chengfei Integrated Technology Co., Ltd." was reviewed and approved. This proposal needs to be submitted to the company's shareholders' meeting for approval.
4. The "Feasibility Analysis Report on the Utilization of Funds Raised" was reviewed and approved. This proposal needs to be submitted to the company's shareholders' meeting for approval.
5. The "Proposal on Major Related Transactions Involved in the Non-public Issuance" was reviewed and approved. This proposal needs to be submitted to the company's shareholders' meeting for approval.
6. The "Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Fully Handle Matters Related to the Non-public Issuance of Shares" was reviewed and approved. This proposal needs to be submitted to the company's general meeting of shareholders for approval.