On October 12, Guoxuan Hi-Tech issued four capital increase announcements in succession, stating that it plans to increase capital of Hefei Guoxuan with its own funds of 106,751,331 yuan. At the same time, Hefei Guoxuan plans to increase its capital to Qingdao Guoxuan, Nanjing Guoxuan and Suzhou Guoxuan with 100 million yuan each.
At the same time, Guoxuan Hi-Tech also announced that its subsidiary Hefei Guoxuan intends to increase its capital to Qingdao Guoxuan Battery Co., Ltd. (hereinafter referred to as "Qingdao Guoxuan") and Nanjing Guoxuan Battery Co., Ltd. (hereinafter referred to as "Nanjing Guoxuan"). Guoxuan New Energy (Suzhou) Co., Ltd. (hereinafter referred to as "Suzhou Guoxuan") 100 million yuan each: Hefei Guoxuan plans to increase its capital to Qingdao Guoxuan with its own capital of 100 million yuan. After the capital increase, the registered capital of Qingdao Guoxuan increased from 200 million yuan to 300 million yuan, and the company held 100% of Qingdao Guoxuan's equity unchanged; Hefei Guoxuan intends to use its own funds of 210 million yuan to Nanjing Guoxuan. Xuan increased capital. After the capital increase, the registered capital of Nanjing Guoxuan increased from RMB 100 million to RMB 310 million. The company held 100% of Nanjing Guoxuan's equity unchanged; Hefei Guoxuan intends to use Suzhou's own capital of RMB 100 million for Suzhou Guoxuan. Xuan increased capital. After the capital increase, the registered capital of Suzhou Guoxuan increased from 100 million yuan to 200 million yuan, and the company held 100% of Suzhou Guoxuan's equity unchanged.
The announcement shows that from January to June 2016, Hefei Guoxuan realized operating income of 201,775,500 yuan and net profit of 474,396,900 yuan. As of June 30, 2016, total assets were 7,113.2202 million yuan, and net assets were 279,084,600 yuan. In view of the favorable situation of the rapid development of new energy vehicles, the company's power lithium battery production capacity has been further expanded in response to market demand, and R & D investment has been further increased. The current external capital increase of Guoxuan Hi-Tech will help to solve the lithium battery capacity expansion process and R & D investment funds. Demand, optimize its financial structure, improve its ability to resist risks, and rationally plan the company's lithium battery industry chain layout.