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Yingli Electronics' 340 million yuan fundraising project was submitted for registration, and it will invest in the construction of PC full milling metal precision structural parts project

Yingli Electronics' 340 million yuan fundraising project was submitted for registration, and it will invest in the construction of PC full milling metal precision structural parts project

Jiwei Network News (Text/Zhang Lin) On February 14, Anhui Yingli Electronic Technology Co., Ltd. (hereinafter referred to as "Yingli Electronics") submitted a registration to the Shenzhen Stock Exchange on "issuing securities to unspecified targets to raise funds".

Yingli Electronics' 340 million yuan fundraising project was submitted for registration, and it will invest in the construction of PC full milling metal precision structural parts project

According to the data, Yingli Electronics is mainly engaged in the research and development, design, production and sales of structural parts modules and related precision molds in consumer electronic products, and is committed to providing customers with comprehensive services for consumer electronic products from design, mold manufacturing to structural parts module production. During the reporting period, the main products of Yingli Electronics were notebook computer structural parts modules and related precision molds.

Yingli Electronics deeply cultivates the field of notebook computer structural parts modules, through continuous technological innovation and deepening integrated production capacity, continues to create high-quality products with leading technology, excellent quality and comprehensive service, and has become one of the leading enterprises in the field of domestic notebook structural parts. Through years of industry operation, Yingli Electronics has established long-term and stable cooperative relations with world-renowned notebook foundries such as Lianbao, Compal, Wistron, etc., and the notebook terminal application brands including Lenovo, Dell, HP, Acer and other global mainstream notebook brands have been established.

With the good quality and professional service of its products, Yingli Electronics has been highly recognized by customers, and from 2019 to 2021, it has been awarded the honor of "Perfect Quality" by Lenovo Group for three consecutive years, and the company has also won the "Quality Award" and "Perfect Quality Award" awarded by Lianbao Group, and the "Operational Excellence Award" awarded by Dell Group.

While continuing to deepen the field of structural modules, Yingli Electronics actively implements the national innovation-driven development strategy, automates and intelligently transforms production equipment in combination with product production processes, and uses new technologies such as machine vision, AI technology, big data and 5G technology to create a "digital workshop" and "smart factory", effectively reducing production costs, improving labor productivity, and then consolidating and expanding market share, and continuously enhancing the company's core competitiveness. Chongqing Yingli and Zhenzhun Electronics, wholly-owned subsidiaries of Yingli Electronics, are mainly engaged in the research and development, design, production and sales of structural parts modules and related precision molds for consumer electronics, and the main products sold during the reporting period are notebook computer structural modules and related precision molds.

It is planned to raise 340 million yuan for the construction of PC full milling metal precision structural parts project

The total amount of funds raised by Yingli Electronics in this stock offering shall not exceed 340 million yuan (inclusive), and the raised funds are intended to be used for the following projects:

Yingli Electronics' 340 million yuan fundraising project was submitted for registration, and it will invest in the construction of PC full milling metal precision structural parts project

The fundraising project "annual output of 2 million pc full milling metal precision structural parts project" and "PC full milling metal precision structural parts technical transformation project" are all carried out around the main business of Yingli Electronics, which is the enrichment and optimization of the current notebook computer precision structural parts products of Yingli Electronics, and the difference between the existing notebook computer structural parts products and the notebook computer structure products involved in the previous fundraising project is that the technology and technology used are different.

The full milling technology involved in this fundraising project, also known as Unibody aluminum alloy, is a machining technology that extrudes metal materials such as aluminum alloy into plates and then forms them in one piece through a numerical control machine tool (CNC). Notebook computer products use the full milling process, which can reduce the size and weight of the fuselage as much as possible under the premise of ensuring the visual area of the screen and not reducing the overall strength of the product, so that the laptop fuselage is more slim, the appearance is more prominent, and the overall portability and aesthetics are improved.

In 2008, Apple's MacbookAir/Pro was the first to use full milling technology in the processing of laptop body, subverting the world's stereotype of the size and thickness of the laptop with thin and light products. The full milling body has long been standard and competitive for Apple laptops.

Recently, more notebook computer brands have used the full milling process on the newly released flagship models, and the use of the CNC integrated molding process as an important selling point of the product in the product promotion. The relevant products are not fully listed as follows:

Yingli Electronics' 340 million yuan fundraising project was submitted for registration, and it will invest in the construction of PC full milling metal precision structural parts project
Yingli Electronics' 340 million yuan fundraising project was submitted for registration, and it will invest in the construction of PC full milling metal precision structural parts project

Yingli Electronics said that PC full milling metal precision structural parts are the company's existing products and processes on the basis of the key development of upgraded products, the implementation of the project, in line with the development trend of the industry, promote the upgrading of enterprise products, to achieve sustainable development and other important significance.

(Proofreading/Andy)

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