Fuyang Bearing announced a refinancing plan on October 11. According to this plan, the company plans to raise about RMB 680 million through non-public issuance.

According to the paper refinancing plan released by Shenyang Bearing today, the company plans to issue no more than 120 million shares at a price not less than RMB 5.72. Based on this calculation, if the refinancing plan is successfully implemented, Shenyang Bearing is expected to pass. This made about 680 million yuan in refinancing funds. Before the refinancing plan was announced, Suiyang Bearing started trading on September 26, and its closing price was 5.78 yuan before the suspension.

It is reported that the refinancing plan is for no more than ten specific objects. Among them, the actual controller shareholder of Shenyang Yongxu listed company, Sanhuan Group, will subscribe for 70% of the new issuance shares in cash, and the lock-up period for new shares subscribed by it will be In 3 years, the lock-up period for some new shares subscribed by other institutions is 1 year.

According to the plan of Puyang Bearing, the capital raised from the issuance will be mainly used for the first-phase construction project of the Third Ring Industrial Park. It is reported that the project plans to invest a total of 770 million yuan, of which project investment 724 million yuan, initial liquidity of 46.66 million yuan. Fuyang Bearing plans to use 670 million yuan in funds raised.

"After the project is completed, the company will increase the annual output of 12 million sets of tapered roller bearings for commercial vehicles and 1 million pieces of constant-velocity universal joints for cars. The annual sales revenue will be 827.78 million yuan, of which the commercial vehicle cone bearing 441.04 million. RMB 0.3674 million yuan for constant velocity and universal joints for cars, the project can increase annual total profit of 92.61 million yuan, internal rate of return after tax 14.38%, and the after-tax investment recovery period is 7.58 years (including the construction period of 3 years). Bearings make predictions about the projects they are investing.

Analysts believe that there are certain risks in any fund-raising project. The project description of a listed company is usually good, but it is still necessary to test the final fact if it can reach production. However, it is undeniable that if the project can reach the expected return at that time, the contribution of its Shenyang Bearing's performance will not be ignored.

According to financial data, last year, the annual operating income of Xiangyang Bearing was 788 million yuan, and the net profit of the shareholders of the listed company was 25.16 million yuan. In the first half of this year, the net profit of the company was only 2.32 million yuan.