Add weight to aviation parts industry! Tongda shares will raise 600 million yuan

On the evening of April 7, Tongda Co., Ltd. announced that the company planned to issue no more than 133 million shares to no more than 35 specific investors, and the total amount of funds raised was no more than 600 million yuan. The raised investment projects include the construction project of aviation parts manufacturing base, the R & D and production project of aviation structural parts in Xindu District, and the repayment of bank loans.
Of the funds raised, 270 million were invested in the construction project of aviation parts construction base. According to the announcement, the total investment of the project is 622 million yuan, and up to now, 257 million yuan has been invested. This “overweight” will purchase advanced production equipment at home and abroad, and build advanced and efficient intelligent production line of aviation parts. It is estimated that the annual sales revenue will reach 405 million yuan and the net profit will reach 96 million yuan.
The investment in the R & D and production project of aviation structural parts in Xindu District is 150 million yuan, and the construction period is 24 months. The project will purchase advanced production equipment at home and abroad, and construct FMS flexible production line and supporting equipment. It is estimated that the annual sales revenue and net profit will reach 102 million yuan and 21.7553 million yuan respectively.
According to the announcement, in April 2016, the company completed the acquisition of Chengdu Hangfei, and Chengdu Hangfei became a wholly-owned subsidiary of the company, and its business began to involve in the field of aviation parts manufacturing. In addition, 180 million yuan will be used to repay bank loans.
Tongda shares said that after the implementation of the project, through its wholly-owned subsidiary Chengdu Hangfei, the company actively expanded the aviation parts industry chain, deeply arranged the aviation parts manufacturing field, further improved the intelligent level of the company’s aviation parts production, greatly improved the production efficiency and production scale of the company’s aviation parts, and thus enhanced the competition in the high-end manufacturing field of aviation parts To achieve the “cable + military” dual engine development of the company, so as to significantly improve the scale and profitability of listed companies.