Precision technology 600 million yuan polysilicon equipment

PV devices are now adding an investment to the industry's boom in stimulating investment.　　Precision Technology (002006, the former closing price of 16.24 Yuan) today announced the suspension planning of the non-public issues, the company intends to raise not more than 600 million yuan, mainly to the polycrystalline silicon ingot furnace and the production line of the cutting spindle machine. The report of the Non-public offering, which is published today, shows that the company intends to issue more than 10 eligible objects, offering no more than 46.5 million shares and offering a price of not less than 12.94 yuan/share. In which, the issuer's shares of the company, either alone or in conjunction with its concerted action, shall not exceed 10 million shares. The company issued shares proposed to raise the net amount of not more than 582 million yuan, will be used for annual output of 500 units (sets) solar photovoltaic equipment manufacturing and expansion project, Zhejiang jinggong New energy company relocation and solar polysilicon slicing production line technical renovation projects and repayment of bank loans.　　Three projects will be used to raise funds of 274 million yuan, 141 million yuan and 167 million yuan respectively. Precision Technology, said the release is intended to raise funds through the implementation of investment projects, the formation of production of solar poly-Silicon ingot Furnace series products and solar poly-Silicon cutting machine series of products and ancillary equipment, to solve the constraints of the company's polysilicon production capacity expansion plant, power bottlenecks, expand the production scale of polysilicon chips　　Achieve scale efficiency. Precision Technology in 2008 officially entered the field of photovoltaic equipment, the start of the polysilicon ingot furnace bulk sales. The investment project, an annual output of 500 units (sets) of solar photovoltaic equipment manufacturing and expansion project is mainly to expand production, the project will achieve an annual output of 350 solar polysilicon ingot furnace production capacity. The project also includes 50 sets of solar poly-Silicon cutting machine series products. This is a new product of the scientific research, used in polysilicon silicon processing to become silicon ingots after slicing, the company has not been put in bulk market. In addition, there are 100 sets of solar PV series auxiliary equipment capacity, mainly including crucible spraying equipment, special forklift, stainless steel handling trolley. Slicing production line technical renovation project will be a wholly-owned subsidiary of Zhejiang Jinggong New Energy for implementation, precision technology will be issued to raise funds in the 141 million yuan to increase its capital.　　The project construction period is 10-12 months, completed after the completion of the new energy company will achieve the production capacity of 100MW polysilicon chips per year. Jing Gong Technology said that the annual output of 500 units (sets) of solar photovoltaic equipment manufacturing and expansion project built up to the postpartum,　　Annual increase in operating income of 732 million yuan, the total profit of 130 million yuan; Zhejiang jinggong New Energy relocation and solar polysilicon slicing production line technical transformation project completed to the postpartum, an average annual increase in operating income of 467 million yuan, the total profit of 36.42 million yuan. However, despite the increasing share of the PV business in the total revenue of precision technology, the industry believes that the company's market expansion has not achieved the desired results. CICC believes that the first few months of this year, the company's ingot furnace order performance is not ideal, domestic equipment to the United States Gtsolar squeeze to upgradeThe long-term aspect of market share still needs time verification.