On February 19, GDLY Metal Precision Manufacturing Technology Co., Ltd announced a "Non-public Issuance of Stocks" (revised draft). The pre-plan mentioned that in order to meet the company's growing capital needs for business, enhance the company's profitability and capital strength, and achieve the company's strategic development goals, the company plans to raise no more than 3 billion yuan through non-public offering of shares. It is mainly invested in the existing main business, which serves the real economy and is in line with national industrial policies.
The specific project name is the expansion of precision metal processing project of Dongguan LJ Metal Precision Manufacturing Technology Co., Ltd.
The total investment of this project is 1.857 billion yuan. The construction period is 2 years. The project covers a total area of 40,000 square meters and a total construction area of 120,000 square meters. It also introduces a series of advanced equipment at home and abroad to build precision metal processing projects. After the project is completed, Leading Education will achieve an annual output of 40 million sets of automotive motor structural components, 200 million power plug accessories, 50 million sets of wireless charging modules, and 58 million sets of computer and mobile phone heat pipes.
At the moment, 5G and wireless charging have higher requirements for signal transmission, and the defects of metal backplanes in shielding signals will be magnified. It is expected that 5G mobile phones will no longer use metal backplane designs, and the original graphite plus metal backplane heat dissipation technology faces major challenges. challenge. The enhancement of mobile phone functions will greatly increase the heat generation of smartphones. In addition to research and development to reduce energy consumption, heat dissipation will become one of the main problems facing the entire smartphone industry.
In addition to the consumer electronics market, the new energy vehicle industry has developed rapidly in recent years, and the size of the drive motor market during the 13th Five-Year Plan period reached 100 billion yuan. With the rapid advancement of global automotive electrification, the market for new energy vehicle motor systems will expand rapidly, and the automotive motor industry with electricity as its core will also see expansion opportunities.
GDLY Metal Precision Manufacturing Technology Co., Ltd pointed out that through the implementation of this fundraising project, the company added or expanded products such as automotive motor structural components, wireless charging modules and heat dissipation modules, which are in line with existing products in downstream market applications, production technology and supplier management. There are significant synergies. On the one hand, it can realize the company's modular delivery form, enrich the company's product structure, and add new profit points for the company; on the other hand, it can increase the company's production capacity of intelligent terminal parts and further meet market demand. Consolidate the company's industry position and increase its market share.
Not only that, GDLY Technology also mentioned that after the reorganization of the original listed company, the two parties can generate synergies in various aspects such as procurement channels, technology development, customer resources, and operation and management. Listed companies can further expand their customer base, enhance anti-risk, Anti-cycle capability. Through the implementation of this fund-raising project, the company's precision functional product market applications will rapidly increase and further realize the synergy of reorganization.
About GDLY Metal Precision Manufacturing Technology Co., Ltd
The main business segments include magnetic materials, precision components and modules, precision structural parts, liquid crystal display modules, capacitive touch screens, wire and cable, motors, trade logistics, supply chain finance, etc., and its products are widely used in consumer electronics, automotive control, smart security, smart wear, smart home, new materials, new energy vehicles and other fields.
The group company currently employs more than 50,000 people and owns more than 10 manufacturing sites in Shenzhen, Dongguan, Jiangmen, Suzhou, Dongtai, Wuxi, Chengdu, Zhengzhou, Chongqing, Quzhou and other manufacturing sites.
Customers
Huawei, Apple, Nokia, Lenovo, LG, Sony, Dell, Xiaomi, Asus, Meizu…