The Led Trunking
System is divided into two parts, one is the trunking, the other is the
functional component. At present, for trunking, we have 3 wires, 5 wires, 7
wires, 8 wires and 11 wires. The functional components include the emergency
driver, Motion sensor module and track module.
The discription of all types of trunking.
3 Wire Trunking: N, L, E. (Basic Lighting)
5 Wire Trunking:
(1)L1, L2, L3, N, E
(Basic Lighting)
(2)L,N,E, (Basic Lighting)+ Dimming
(3)L,N,E (Basic Lighting)+
Sensor
7 Wire Trunking:
(1)L,N,E (Basic Lighting)+
Sensor/Diming + Built-in Battery Emergency
(2)L1,L2,L3,N,E (Basic
Lighting)+ Sensor/Diming
(3)L1,L2,N,E (Basic Lighting)+
Sensor/Diming+ Built-in Battery Emergency
8 Wire Trunking:
(1)L1,L2,L3,N,E (Basic
Lighting)+ Sensor/Diming+ Built-in Battery Emergency
(2)L1,L2,N,E (Basic
Lighting)+ Sensor+ Diming
(3)L,N,E (Basic Lighting)+ Sensor+
Diming+ Built-in Battery Emergency
11 Wire Trunking: (1)L1,L2,L3,N,E (Basic
Lighting)+ Sensor/Diming+ 2xUPS Emergency
The function module:
Led Lights Trunking,Led Lighting Trunking,Led Trunking Lights,Dimmable Led Lights,Commercial Lighting Fixtures,Retail Lighting Design SHENZHEN LITEHOME OPTOELECTRONIC TECHNOLOGY CO., LTD. , https://www.szlitehomelight.com
I. Basic information on the previous fundraising
1. The amount of funds raised in the previous period and the availability of funds
Approved by the China Securities Regulatory Commission, China Securities Regulatory Commission [2011] No. 464, the company issued 45,742,434 ordinary shares (A shares) of non-public shares (with a par value of RMB 1 per share), and the issue price was RMB 14.21 per share. A total of RMB 649,999,987.14 was raised. . According to the relevant regulations, the issuance expenses were RMB 23,749,999.26, and the actual raised funds were RMB 626,249,987.88. As of April 22, 2011, all the monetary funds raised by the company's previous issuance have all arrived at the company. The above-mentioned funds raised were verified by Shenzhen Pengcheng Certified Public Accountants Co., Ltd. with the “Capital Verification Report†issued by Shen Peng.
2. Management of the previous raised funds
In order to regulate the management and use of raised funds and protect the rights and interests of investors, the company is listed in accordance with the "Company Law of the People's Republic of China", the "Securities Law of the People's Republic of China", the "Stock Listing Rules of the Shanghai Stock Exchange", and the listed companies of the Shanghai Stock Exchange. In accordance with the relevant provisions of the Regulations on Capital Management, in accordance with the actual situation of the company, the “Administrative Measures for the Raised Funds of Henan Huanghe Cyclone Co., Ltd.†(hereinafter referred to as “Administrative Measuresâ€) was formulated. The “Administrative Measures†was on August 10, 2010. It was reviewed and approved by the company's first extraordinary shareholders meeting in 2010. At the same time, the company together with the sponsor CITIC Securities Co., Ltd. (hereinafter referred to as “CITIC Securitiesâ€) and CITIC Bank Co., Ltd. Zhengzhou Runhua Sub-branch signed the “Tripartite Supervision Agreement for the Collection of Special Accounts for Raised Funds†in May 2011. The bank opened a special account to store raised funds.
3. The balance of the previous raised funds
The actual net proceeds raised by the company was RMB 626.25 million. Among them, the “12,000 tons of alloy powder production line project†originally planned to invest 340 million yuan in raised funds. The actual raised funds will be adjusted to 316.25 million yuan after the project was put into place. Insufficient funds raised by some companies with their own funds, the construction period of the project is 12 months; the annual production of 12 million geological and mineral drilling and drilling superhard composite material production line projects plans to raise funds of RMB 310 million, the construction period of the project For 12 months.
The “12,000 tons of alloy powder production line project†and the “12 million geological mineral drilling grade super-hard composite production line project†have reached the scheduled usable status on June 30, 2012. As of June 30, 2012, the above two projects actually used raised funds of 6.2293 million yuan, deducting bank handling fees of 15.8 million yuan, and balance funds of 6,904,400 yuan (including interest income of 3.69 million yuan), accounting for the actual raised funds. 1.10% of the amount, according to the "Regulations on the Management of Funds Raised by Listed Companies of the Shanghai Stock Exchange" (Shangzheng Shangzi [2008] No. 59), the company is in line with the conditions for the use of surplus funds raised to permanently replenish working capital. On September 28, 2012, the company held the second temporary meeting of the fifth board of directors, deliberated and passed the “Proposal on Permanently Supplementing the Funds of Surplus Funds to Supplement the Company's Working Capitalâ€, and agreed to raise the funds raised (including interest income of 3.609 million yuan). A total of 6,904,400 yuan was used to permanently replenish the company's working capital. The company's independent directors and the board of supervisors issued clear consent on the matter.
Second, the actual use of the previous raised funds
1. Comparison of the use of funds raised in the previous period
(1) According to the previous non-public offering plan of the Company, the funds raised were used for the following two projects: “12,000 tons of alloy powder production line project†and “12 million geological mineral drilling grade super-hard composite production lineâ€. project".
(2) The net amount of the company's actual raised funds was RMB 626.25 million. As of December 31, 2013, the accumulated investment in the raised funds investment project was RMB 62,293,700.
(3) “12,000 tons of alloy powder production line project†has reached the expected usable status on June 30, 2012. “The annual output of 12 million geological mineral drilling grade super-hard composite production line project†was completed in 2012. The expected usable status is reached on the 30th of the month. As of December 31, 2013, the actual use of the previous raised funds is shown in Annex 1 “Comprehensive Table of Uses of Previously Raised Fundsâ€.
2. Changes in the previous raised funds
The actual investment project of the previous fundraising was consistent with the application plan of the raised funds disclosed in the previous non-public issuance of RMB common stock (A share) stock plan, and there was no actual investment project change.
3. Description of the difference between the total actual investment amount and the total committed investment amount of the previous fundraising project
(1) “12,000 tons of alloy powder production line project†is committed to investing RMB 316.25 million. As of December 31, 2013, the company has invested a total of RMB 30,288,700, with a difference of RMB -13,630,300 due to the company. During the implementation of the project, the control of procurement costs and engineering costs was strengthened, thereby reducing the amount of investment under the premise of ensuring the quality of project implementation.
(2) “The annual production of 12 million geological mineral drilling grade super-hard composite material production line project†promised to invest 31,000 million yuan. As of December 31, 2013, the company has invested a total of 3,200,500,000 yuan, the difference is 100 million yuan. The reason is that the amount of liquidity required for the operation of the project has increased, which has increased the amount of investment.
4. The situation of the previously raised funds investment projects that have been transferred or replaced externally
The company does not have any external transfer or replacement of the previously raised funds investment projects.
5. Temporary idle fundraising and the situation of unused funds raised
The company does not have temporary idle funds raised and funds that have not been used.
6. Initial investment and replacement of raised funds investment projects
The net amount of funds actually raised by the company was RMB 626.25 million. Before the raised funds were put in place, the company used self-raised funds to accumulate a total of RMB 737.39 million for the raised funds. On May 5, 2011, the first extraordinary meeting of the fifth board of directors of the company in 2011 reviewed and approved the “Proposal on the Company to Replace the Self-raised Funds of the Pre-invested Projects with the Raised Funds†and agreed to raise funds for RMB 173.39 million. The company that invested in the investment project in the early stage of the replacement will raise funds. The company's independent director, the board of supervisors and the sponsor CITIC Securities issued a clear consent. The above resolutions and opinions are detailed in the relevant announcements published on the Shanghai Securities News and Juchao Information Network on May 6, 2011. According to the above resolutions and opinions, the company replaced the self-raised funds of the previous investment with RMB 737.39 million. The company has pre-invested in the fund raising investment project with self-raised funds, and has been audited by Shenzhen Pengcheng Certified Public Accountants Co., Ltd., and issued the Shenpeng stock special word [2011] 0397 "About Henan Huanghe Cyclone Co., Ltd. Advance investment report for the investment project.
3. Explanation of the actual benefits of the previous fundraising investment projects
1. For the comparison of the benefits of the previous fund-raising investment projects, see Attachment 2 “Comprehensive Table of Benefits of Previously Raised Funds Projectsâ€.
2. A description of the situation in which the previous fundraising investment project did not meet the expected benefits.
(1) Annual production of 12,000 tons of alloy powder production line project
The project feasibility study report predicts that in April 2010, due to the overall delay of the project schedule, the product market price is lower than the sales price predicted by the feasibility study, which affects the realization of the promised benefit. According to the issuance plan of the previous non-public offering of shares, the construction period of the annual production capacity of 12,000 tons of alloy powder production line project is 2010 4
From April to April 2011, the actual commissioning of the project reached the expected usable status in June 2012, and the overall progress of the project was postponed. The reason was due to the fact that the fundraising was actually late and the company’s self-raised funds were limited, resulting in the project. Insufficient investment in the early stage; on the other hand, the project uses non-general equipment and has a long procurement cycle.
Compared with elemental metal powder, the application of prealloyed powder on superhard material products can improve the comprehensive performance of the product, and is an upgraded product of elemental metal powder which is widely used at present. For the downstream super-hard material products enterprises, the production technology level is different, and the performance of the pre-alloyed powder needs to have a step-by-step understanding process. At the same time, it also needs to improve its own technical level to adapt to the improvement of the production process, so the pre-alloyed powder is sold. In the process, greater market technology guidance and support is required. Due to the long process of market development, the sales volume of the previous products did not meet expectations, which also affected the realization of the promised benefits.
As of December 31, 2013, the cumulative capacity utilization rate achieved by the project was 42.37%, and the capacity utilization rate was not up to expectations. According to the feasibility study report, the production load of the first year of the project was 60%, and the second year of production. The load reaches 100%. At the beginning of the project operation, due to the need to produce running-in, the production capacity has to be gradually released, which affects the output of the product and thus affects the realization of the promised benefits.
(2) Annual production of 12 million geological mineral drilling grade superhard composite material production line projects
The feasibility study of the project is predicted in April 2010. As the overall progress of the project is postponed, the market price of the product is lower than the sales price predicted by the feasibility study, which affects the realization of the promised benefit. According to the issuance plan of the previous non-public offering of shares, the construction period of the annual production of 12 million geological mineral drilling grade superhard composite material production line project is from April 2010 to April 2011, and the actual commissioning of the project is ready for use. In June 2012, the overall progress of the project was postponed. The reason was that due to the late arrival of the funds raised, the company's self-raised funds were limited, resulting in insufficient investment in the early stage of the project.
As of December 31, 2013, the cumulative capacity utilization rate achieved by the project was 57.65%. According to the feasibility study report, the production load of the first year of the project was 55%, and the production load reached 100% in the second year. The capacity utilization rate has not reached the expected level, which also affects the realization of the promised benefits.
The actual product structure of the project has changed compared with the feasibility study report, which also affects the realization of the promised benefits. The sales volume of composite sheets for geological mines is relatively large, which accounts for a high proportion of overall sales. However, due to fierce market competition, the products have not reached the expected sales volume; the sales volume of oil drilling composite sheets is small, and the proportion of total sales is also small. The reason is that downstream customers adopt a strategy of gradually replacing imported similar products, and the market expansion cycle is extended.
4. The balance of funds has not been used in the previous fundraising
As of December 31, 2013, the balance of the fundraising account was RMB 10,000, and there was no balance in the previous fundraising.
V. Operation of assets after the assets are subscribed for shares
The company does not have any assets to subscribe for shares.
6. The actual situation of the previous raised funds and the information that has been publicly disclosed
1. The actual use of the raised funds of the company was disclosed in the periodic report as required.
2. The annual production capacity of 12,000 tons of alloy powder production line project was put into operation in June 2012. The company has announced this matter on July 28, 2012 at Juchao Information Network. The content of the announcement is consistent with the actual use.
3. The annual production of 12 million geological and mineral drilling-grade super-hard composite material production lines has been put into operation in June 2012. The company has announced this matter on July 28, 2012 at Juchao Information Network. The content of the announcement is consistent with the actual use.
Seven, conclusion
The Board of Directors believes that the Company has used the previously raised funds in accordance with the plan for the use of raised funds disclosed in the previous non-public issuance of RMB ordinary shares (A shares) stock plan. The Company has faithfully fulfilled its disclosure obligations regarding the investment and progress of the previous raised funds.
All directors of the company promise that there are no false records, misleading statements or major omissions in this report, and they bear individual and joint legal liabilities for their authenticity, accuracy and completeness.
Henan Huanghe Cyclone Co., Ltd.
April 11, 2014
Abstract According to the provisions of the “Regulations on the Use of Previously Raised Funds†issued by the China Securities Regulatory Commission (CSRC Issue No. [2007] No. 500), Henan Huanghe Cyclone Co., Ltd. (hereinafter referred to as “Company†or “Company†"), compiled...
Henan Huanghe Cyclone Co., Ltd. (hereinafter referred to as "Company" or "Company") in accordance with the "Regulations on the Report on the Use of Previously Raised Funds" issued by the China Securities Regulatory Commission (CSRC Issue No. [2007] No. 500) ), prepared a report on the use of funds raised as of December 31, 2013.