Produced | Sohu Finance
Author | Zhang Ying
A week after the 45 billion fixed increase was implemented, CATL announced that it plans to use 23 billion yuan for “financial management”.
On June 27, Ningde Times issued an announcement stating that it will use no more than 23 billion yuan 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. Valid for 12 months from date.
In response to this investment, Ningde Times said that in order to improve the efficiency of the company's use of funds, the company plans to use part of the temporarily idle raised funds for cash management without affecting the construction of the raised funds investment projects and the company's normal operations to increase capital income. The company and its shareholders get more returns.
As of the end of the first quarter of 2022, CATL had total assets of 376.256 billion yuan, total liabilities of 282.66 billion yuan, and an asset-liability ratio of 75.12%.Among them, CATL holds 100.29 billion yuan in monetary funds and 15.403 billion yuan in short-term loans.
Not long ago, CATL raised another 45 billion yuan.This is also the source of funds for the financing of the Ningde era.
Previously, Ningde Times issued 110 million shares to specific objects at an issue price of 410 yuan per share. The total amount of funds raised was nearly 45 billion yuan. After deducting various issuance expenses of 130 million yuan (excluding value-added tax), the actual net amount of funds raised 44.87 billion yuan.
On June 21, 2022, 44.865 billion yuan of raised funds after deducting sponsor fees and underwriting fees (including value-added tax) have been transferred to the designated account of CATL.
Earlier, CATL did not intend to raise 45 billion yuan, but 58.2 billion yuan, of which 41.9 billion yuan was used for 5 battery production projects including the Fuding Times lithium-ion battery production base project.
However, this plan has attracted the attention of the Shenzhen Stock Exchange.CATL was asked to clarify whether there was over-financing.
Ningde Times stated that "there is no excessive financing". As of September 30, 2021, the funds raised from the 2018 initial public offering have been used up. 79.38%, basically used up.
Ningde Times said that only from the announced production capacity planning, the total demand for project construction funds has reached about 110 billion yuan.
In November 2021, CATL adjusted its fixed increase plan, reducing the total planned fundraising from no more than 58.2 billion yuan to no more than 45 billion yuan.
Among them, 15.2 billion yuan is used for the Fuding Times lithium-ion battery production base project, 11.7 billion yuan is used for the first phase of the Guangdong Ruiqing Times lithium-ion battery production project, and 6.5 billion yuan is used for Jiangsu Times Power and energy storage lithium-ion battery research and development and For the production project (Phase 4), 4.6 billion yuan will be used for the Ningde Jiaocheng Times Lithium-ion Power Battery Production Base Project (Cheliwan Project).
Another 7 billion yuan will be used for the R&D and application of new energy advanced technologies in CATL.
According to the revised plan, CATL's investment project will increase the annual production capacity of lithium-ion batteries by about 135GWh.
The internal rate of return of the above projects is 16% to 17%, and the total payback period is 6.16 to 7.01 years.
On June 20, CATL invested 13.106 billion yuan in investment projects with self-raised funds in advance, and the proposed replacement amount was 13.106 billion yuan.
Among them, the Fuding Times Lithium-ion Battery Production Base Project and the Ningde Jiaocheng Times Lithium-ion Power Battery Production Base Project (Cheliwan Project) have invested 7.053 billion yuan and 3.686 billion yuan respectively, which are the two projects that have invested the most.
The internal rate of return of the above two projects is above 16.9%, and the total investment recovery period is 7.01 years and 6.82 years respectively.The above two projects have the highest internal rate of return and the longest total investment payback period.
According to statistics from Sohu Finance, from December 2020 to now, CATL has deployed bases in Jiangsu Province, Fujian Province, Sichuan Province, Guangdong Province, Jiangxi Province, Guizhou Province and other places, and announced that the scale of capital invested in expanding the base has reached no more than 128.5 billion. Yuan.
