As soon as the 45 billion fixed increase in the CATL was implemented, the company used the 23 billion idle funds for financial management.
On the evening of June 27, Ningde Times announced that the company plans to use no more than RMB 23 billion to issue stocks to specific objects to raise idle funds for cash management, and invest in capital-guaranteed investment products with high security and good liquidity. It is valid for 12 months from the date of deliberation and approval.
If calculated at an annual interest rate of 3%, the annual interest income of the investment is close to 700 million yuan.
Ningde era plans to use no more than 23 billion yuan for financial management
Ningde Times issued an announcement on the evening of June 27, stating that according to the company's current use of funds, the construction progress of raised funds to invest in projects and considering maintaining sufficient liquidity, the company plans to use no more than RMB 23 billion (including this amount) to issue to specific objects. The funds raised by idle stocks are used for cash management, and the period of use is valid within 12 months from the date of review and approval of this proposal.During the validity period of the aforementioned quota and resolution, it can be used on a rolling basis.
Specific investment targets will strictly control risks in accordance with relevant regulations, and conduct strict evaluation of investment products. Investment products with idle raised funds must meet: 1. High security, meet the requirements for capital preservation, and the product issuer can provide capital preservation commitments; 2. Good liquidity, It will not affect the normal progress of the fundraising investment project.The products to be invested include but are not limited to principal-guaranteed wealth management products, structured deposits, time deposits or large-denomination certificates of deposit, etc., with a holding period of not more than 12 months.
The company stated that under the condition of ensuring the construction of investment projects with raised funds and the normal operation of the company, the company uses part of the temporarily idle raised funds to invest in capital-guaranteed investment products with high security and good liquidity, which will not affect the funds raised by the company for investment projects. At the same time, it is beneficial to improve the use efficiency of the raised funds and obtain a certain investment income, which is in the interests of the company and all shareholders.
According to the annual interest rate of 3%, the annual interest income corresponding to the investment amount of 23 billion yuan is 690 million yuan. Even if the interest rate of the current monetary fund is calculated at 2%, the annual interest income is 460 million yuan.
The net profit of CATL in 2021 will be 15.931 billion yuan, a year-on-year increase of 185.34%.In the first quarter of this year, affected by the sharp rise in raw material prices, the net profit of CATL dropped by 23.62% to 1.493 billion yuan. This interest income will undoubtedly help the company's performance to improve.
22 institutions seized the 45 billion fixed increase in Ningde era
The 23 billion yuan of wealth management funds in the Ningde era mainly came from the recent fixed increase fundraising.
On June 22, CATL issued a fixed increase of 45 billion yuan, issuing no more than 132 million shares to specific objects at an issue price of 410 yuan per share, and the actual net fundraising amount was 44.87 billion yuan.
According to the announcement, a total of 22 investors have been allocated fixed increase shares.Among them, Guotai Junan Securities was allocated 11.375 million shares, with an allocation amount of 4.664 billion yuan, making it the institution with the largest allocation amount.It is worth noting that HHLR Management Co., Ltd.-HHLR China Fund was allocated 7.32 million shares, with an allocation amount of nearly 3 billion.
As early as August 12, 2021, Ningde Times disclosed the fixed increase plan, and the total amount of funds to be raised should not exceed 58.2 billion yuan for production expansion.However, on the evening of September 30, 2021, Ningde Times received an inquiry letter from the Shenzhen Stock Exchange about fixed increase.On the evening of October 18, 2021, CATL responded to the Shenzhen Stock Exchange's inquiry letter saying that the company did not have excessive financing.After that, Ningde Times adjusted the fixed increase plan, and lowered the funds to be raised from no more than 58.2 billion yuan to no more than 45 billion yuan.
On the evening of April 29, 2022, CATL announced that the company's application for fixed increase was approved.
It is worth noting that in the fixed increase on July 17, 2020, Hillhouse Capital-China Value Fund was allocated 10 billion yuan and became the biggest winner of the fixed increase.At that time, a total of 38 investors participated in the subscription, including top foreign investors such as JP Morgan, Merrill Lynch International, and UBS AG, as well as fund companies such as Huaxia and Bosera.
Hillhouse Capital made three quotations, each with a subscription amount of 10 billion yuan, and the highest quotation was 161.98 yuan per share.Subsequently, the stock price of Ningde Times rose all the way, and on December 3, 2021, its stock price reached a high price of 692 yuan.Compared with the fixed price increase of 161.98 yuan, the share price of CATL has tripled.
CATL releases Kirin battery
After the 45 billion yuan fixed increase was implemented, on June 23, CATL released the third-generation CTP-Kirin battery, and the system integration reached a new high in the world.
In 2019, CATL launched the first-generation module-free battery pack CTP, with a volume utilization rate of 55%.In 2022, CTP3.0 will be launched, and the volume utilization rate will reach 72%, which is higher than 63% of the 4680 battery.By improving the volume utilization rate and simplifying the battery pack design, the CTP3.0 Kirin battery has an energy density of 255Wh/Kg, a system integration efficiency of 72%, a battery life of over 1,000 kilometers, and 5-star safety.
It is understood that Ningde Times CTP3.0 has pioneered the cancellation of transverse beams, water-cooling plates and thermal insulation pads, and integrated the original independent designs into a multi-functional elastic interlayer, which not only ensures the support of structural parts, but also provides greater The cooling area can realize 4C fast charging.
At the same time, the interlayer provides expansion space for the volume change of the cell during the cycle, and improves the life cycle of the cell.CTP3.0 intelligently distributes multiple functional modules (structural protection, high-voltage connection, thermal runaway exhaust, etc.) through simulation, further increasing the energy space by 6%.
Thermal management optimization improves the overall application performance and safety of cells.CTP3.0 increases the heat exchange area by 4 times by placing the water-cooling plate originally placed at the bottom of the cell between the cells. At the same time, it pioneers the large-surface cooling technology of the cell, which shortens the temperature control time to half of the original, which can adapt to the Fast charge with higher current and voltage.Thermal runaway or extreme working conditions can make the cell cool rapidly, effectively prevent the occurrence of heat spread, and improve the life and safety of the cell as a whole.
Everbright Securities said that compared with the 4680 battery pack, CATL CTP3.0 can achieve the same five-star safety, higher energy density and system integration efficiency, better fast charging performance and thermal conductivity.The all-round leadership points out the direction for the future development of square battery technology.
