On June 28, Shanghai Jie Hydrogen Technology Co., Ltd. (hereinafter referred to as Jie Hydrogen Technology), a subsidiary of SAIC Group (SH600104, stock price of 18.74 yuan, market value of 218.883 billion yuan), disclosed its prospectus on the website of the Shanghai Stock Exchange, intending to apply for listing on the Science and Technology Innovation Board.
According to the prospectus, the total amount of funds to be raised by JieHydrogen Technology is 1.06 billion yuan. The investment projects with the funds raised this time are mainly fuel cell production and construction, new fuel cell product production line construction, R&D center upgrade and construction projects and supplementary working capital projects.
The "Daily Economic News" reporter learned that the spin-off and listing plan of JieHydrogen Technology has been brewing as early as last year.
An insider of SAIC Group told reporters: "The spin-off and listing of JieHydrogen Technology can speed up the pace of market-oriented development of hydrogen technology, directly connect with the capital market, expand diversified and multi-level financing channels, and give full play to the enthusiasm of employees. Strengthen SAIC's technological innovation capabilities."
The Science and Technology Innovation Board that JieHydrogen plans to land on this time is a board dedicated to serving technology-based and innovative small and medium-sized enterprises.
According to the prospectus of Jie Hydrogen Technology, the company's R&D expenses in the past three years were 29.3895 million yuan, 94.7635 million yuan and 112 million yuan respectively, and the cumulative R&D expenses were 237 million yuan, accounting for 25.01% of the cumulative operating income in the past three years.
The hydrogen energy industry where JieHydrogen Technology is located is a technology-intensive industry, and the research and development and manufacturing of hydrogen fuel cell systems and their key components have strong technical barriers.In recent years, hydrogen fuel cell system-related products have developed towards high power density, high power, and low cost.This also puts forward higher requirements and challenges for JieHydrogen in product technology research and development, cost control and follow-up investment.
Judging from the industry situation, in the past two years, the popularity of the hydrogen energy industry in China has been increasing.In March this year, the National Development and Reform Commission and the National Energy Administration jointly issued the "Medium and Long-Term Plan for the Development of Hydrogen Energy Industry (2021-2035)", proposing to promote the demonstration application of hydrogen energy in the field of transportation in an orderly manner, and to expand its application in energy storage, power generation, industrial applications.Recently, the Shanghai Development and Reform Commission and other eight departments also jointly issued the "Medium and long-term plan for the development of Shanghai's hydrogen energy industry (2022-2035)", proposing that by 2025, the industrial scale of Shanghai's hydrogen energy industry chain will exceed 100 billion yuan.
It is worth mentioning that JieHydrogen Technology is also the first subsidiary of a state-owned automobile group to initiate spin-off and listing.After the completion of the spin-off and listing, SAIC Group's shareholding structure will not change, and it will maintain its control over JieHydrogen Technology.
In addition to JieHydrogen Technology, SAIC Motor will also promote the market-oriented reform of many of its innovative companies this year, and plans to cultivate 20 "Little Giants of Science and Technology".Zu Sijie, vice president and chief engineer of SAIC Motor, also revealed that the spin-off of a number of subsidiaries for listing is to highlight their "neutrality" and to provide supporting services for other car companies other than SAIC.
At present, Zero Beam Technology, a subsidiary of SAIC Group, has been restructured from a branch to a subsidiary, Feifan Auto has achieved independent operation, Lianchuang Electronics has completed the separation, and companies such as Youdao Zhitu, Zhonghaiting and Xiangdao Travel are also planning to use the capital market. Carry out market-based financing.
Every reporter Huang Xinxu every editor Pei Jianru
(Editor in charge: Jiang Ninglu)
