Rectangular lighting will increase 910 million investment in lighting energy-saving service projects

Changfang Lighting (300301) disclosed the non-public offering plan on the evening of May 25. The company intends to target no more than 5 specific targets, and the non-public offering of no more than 100 million shares will raise no more than 911 million yuan, of which 701 million. Yuan is intended for lighting energy-saving service projects based on PPP mode, and 210 million yuan is intended to supplement working capital.

After the funds are raised, the company will jointly develop or implement a PPP-based lighting energy-saving service project with the lighting energy-saving service providers. At present, the company has identified three lighting energy-saving service providers such as Xinyang Blu-ray, Huaqiyuan and Asia-Africa Energy Saving as the first batch of strategic partners. In the future, with the development of the company's lighting energy-saving service business, more partners will be selected to carry out similar projects. business. According to the project contract that the partner has cooperated with the company, the project orders to be cooperated, and the expected future market growth, it is proposed to invest the funds in three years. It is estimated that the after-tax internal rate of return of the project is 18.03%.

The company said that the funds raised through this non-public offering will be invested in the lighting energy-saving service project based on PPP mode and supplement the working capital, further enhance the financial strength, and strengthen the sales ability of the company's products by using the lighting energy-saving service project as the carrier. The company's integrated service capabilities in the design, implementation, operation and maintenance of lighting energy-saving, broaden the company's product chain, further enhance the company's market position and influence in the field of LED lighting, and enhance the company's profitability.

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Suzhou Whaylan new energy technology co., Ltd. is located in Suzhou Wuzhong Economic Development zone. It is a new energy conversion electric power equipment, energy storage transformation, energy management, on the basis of independent research and development, production, sales and after-sales service in the integration of high-tech enterprises, business scope covers from grid photovoltaic inverter, energy storage system, off-grid power generation systems and other fields.
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