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Jingsheng Electromechanical: The application for a fixed increase of 5.7 billion yuan was accepted by the Shenzhen Stock Exchange

Jingsheng Electromechanical: The application for a fixed increase of 5.7 billion yuan was accepted by the Shenzhen Stock Exchange

Jiwei Network news, on January 5, Jingsheng Electromechanical issued an announcement, the company received the Shenzhen Stock Exchange issued on January 5 "Notice on Accepting Zhejiang Jingsheng Electromechanical Co., Ltd. to Issue Shares to Specific Objects application documents", the Shenzhen Stock Exchange checked the company's submission of the prospectus for the issuance of shares to specific objects and related application documents, and believed that the application documents were complete, and decided to accept it.

It is reported that the total investment scale of Jingsheng Electromechanical Additional Investment Project is 6.18 billion yuan, and the proposed fundraising scale is 5.7 billion yuan, which is invested in the project of silicon carbide substrate wafer production base, the 12-inch integrated circuit large silicon wafer equipment test line project, the annual output of 80 sets of semiconductor material polishing and thinning equipment production and manufacturing projects and supplementary working capital, of which 1.57 billion yuan is used to supplement working capital.

It is reported that the company is a leading domestic high-tech enterprise focusing on "advanced materials, advanced equipment", with the mission of "building a leading enterprise in semiconductor materials and equipment, and developing a green intelligent high-tech manufacturing industry", focusing on the three main semiconductor materials of silicon, silicon carbide and sapphire. In the field of silicon materials, the company focuses on photovoltaic and integrated circuits in the field of two major industries of a series of key equipment, the company in the photovoltaic industry chain equipment has achieved industry recognition of technology and scale double leading position, in the field of 8-12 inch large silicon wafer equipment, the company's products in crystal growth, slicing, polishing, epitaxy and other wafer materials have basically achieved full coverage of 8-inch equipment and localization substitution, 12-inch long crystal equipment and some processing equipment has also achieved mass sales, product quality has reached the international advanced level. In terms of sapphire materials, the company's large-size sapphire crystal growth process and technology has reached the international leading level, and has successfully grown the world's leading 700Kg sapphire crystal, established a large-scale production base, and is a leading enterprise that masters the core technology and scale advantages.

The announcement shows that after years of R & D investment and technology accumulation, the company has successfully developed the third generation of semiconductor materials silicon carbide long crystal furnace, polishing machine, epitaxial equipment. With the development of new energy vehicles, smart grids, 5G communications, photovoltaic power generation, consumer electronics and other fields, the market demand for third-generation semiconductor materials is increasing, and it is of strategic significance for the company to carry out the third-generation semiconductor materials business.

The implementation of this fundraising project will be conducive to optimizing and enriching the company's product and business layout, maintaining the company's technological leading edge in the field of semiconductor materials and equipment, developing silicon carbide wafer business in line with the development trend of the industry, and assisting customers to accelerate the promotion and application of silicon carbide devices; it is conducive to enhancing the company's influence in the field of third-generation semiconductor materials and laying a solid foundation for future long-term development; it will help enrich the company's product line, add new profit growth points, and improve the company's profitability.

(Proofreading/Arden)

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