China-color shares proposed to raise more than 1.7 billion yuan to do the rare earth separation industry leader

Our correspondent Chazillin September 24, the Chinese-color shares (000758.SZ) issued a A-share plan shows that the company intends to be no less than 12.31 yuan/share price, issued not more than 145 million shares (including 145 million shares) of stocks,　　The total amount of capital raised is not more than 1.785 billion yuan, after deducting the issue fee is mainly used in "China Nonferrous (Shenyang) Metallurgical Machinery Co., Ltd. new plant construction project", "medium-color South rare earth (Xinfeng) Co., Ltd. 7000 tons/year of Rare Earth Separation Project" two major projects.　　For the private issue, the Sino-color Group of major shareholders of the nonferrous groups to subscribe to the actual issue of the total number of shares 33.75%.　　According to the issuance of additional announcements, the Chinese-color shares of the project up to the postpartum, the company will be the new net profit of more than 300 million yuan, and become a rare earth separation industry leading enterprises. New net profit of more than 300 million yuan in the color of the current main non-ferrous metal resources development, equipment manufacturing and engineering contracting business, the first half of the company to achieve operating income of 8.796 billion yuan, up 66.5% from a year earlier, by non-ferrous metals and rare earth products prices continued to lower,　　Gross profit of the main business 628 million yuan, the same period fell 9.47%, January-June, the company net profit of 22.7837 million yuan.　　According to additional plans, the Chinese-color shares of the project all Tatsu postpartum, the new net profit will exceed 300 million yuan.　　According to the announcement, the Chinese-color shares raised not more than 1.785 billion yuan, after deducting the issue fee is mainly used for "China Nonferrous (Shenyang) Metallurgical Machinery Co., Ltd. new plant construction project", "medium-color South rare earth (Xinfeng) Co., Ltd. 7000 tons/year separation project" and supplementary liquidity. The collection of funds of 800 million yuan will be China Nonferrous (Shenyang) Metallurgical Machinery Co., Ltd. new plant construction projects to increase capital, for the implementation of the relocation of technical upgrading projects, the project construction period of 2 years, the total investment 1.537 billion yuan, after the completion of the project, the average annual sales income of 1.867 billion yuan (including tax), the average annual profit of 24,　　650,000 yuan, average annual net profit of 18,048.80,000 Yuan. The 450 million yuan in the IPO will be used to increase the capital to the medium-color South rare earth (Xinfeng) Co., Ltd. for the implementation of 7000 tons/year Rare earth Separation Project, the project construction period of 1.5 years, the project total investment of 61,228 220,000 yuan, the average annual sales income of 1.815 billion yuan (including tax), annual profit total of 16,　　4.6861 million yuan, average annual net profit of 12,351.460,000 Yuan.　　According to the above data calculation, the company's two major investment projects completed and put into production, the annual sales revenue of nearly 3.7 billion yuan, the new net profit of 304 million yuan.　　will become the rare earth separation leading enterprise in fact, the medium-color shares of this directional additional, will achieve better economic benefits at the same time, will also rely on investment projects to expand the company's business scale, improve the production technology, a leap into the rare earth separation industry leading enterprises. In recent years, the slowdown in domestic economic growth and other factors, non-ferrous metal product prices continue to decline, non-ferrous industrycontinued to slump, the Chinese-color shares of rare earth products prices are also falling, but with the adjustment of national policy, Rare-earth Black, the continuous development of stocks, the rare earth market disorderly exploitation will be continuously integrated, product prices rebound in sight.　　Some analysts believe that if the future core of Rare-earth policy to continue to focus on the fight against illegal rare earths and the formation of rare earths large group, then the industry fundamentals are expected to emerge, the price of rare earths or will therefore fully recover. In the first half of this year, China-color shares South rare earth 7000 tons/year of rare Earth Separation project has been approved by the National Development and Reform Commission, the project is located in the rich Xinfeng County of rare earth resources, Xinfeng County is currently the domestic resource reserves of large, well protected in the middle-heavy rare earth mines, the　　The company will also benefit from a rebound in the price of Rare-earth products. In this respect, the Sino-color shares that 7000 tons/year of rare earth separation projects up to the postpartum, the company's rare earth ion-rare earth separation capacity will reach 7000 tons/year, and will become the leading domestic production scale, advanced technology, equipment level first-class, high degree of automation and environmental protection conditions good rare earth separation leading enterprises.