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Published on 2019-04-15 02:30:21 Share it web version
                                    Hengtong Optoelectronics plans to raise 5.2 billion yuan to increase the operation of submarine cable system
Source: Securities Daily Author: CAO Wei new

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Recently, Hengtong Optoelectronics issued a plan to announce that the company intends to issue no more than 381 million shares to no more than 10 specific investors including the controlling shareholder Hengtong Group. The total amount of fundraising does not exceed 5.2 billion yuan, after deducting the issuance expenses. The net proceeds are used to invest in PEACE transoceanic cable communication system operation projects, 100G/400G silicon optical module research and development and mass production projects and to supplement liquidity.

The reporter called Hengtong Optoelectronics on related matters. The relevant staff of the Secretary-General of the Board of Directors said in an interview with the "Securities Daily" reporter that "the company as the industry's leading optical communication system integrated operation service provider, while consolidating the existing core advantages, constantly 'Bar-fiber-cable-optical device-marine communication and equipment-communication service' industrial chain layout. The implementation of this non-public offering fundraising project will further consolidate, improve and extend the optical communication industry chain and improve the company's light The core competitiveness of the communications field."

The reporter noted that the total investment of PEACE transoceanic cable communication system in this fundraising investment project was 2.835 billion yuan, all of which were fixed assets investment. The proceeds from the issuance of the issuance will be 2.73 billion yuan.

For the operation of submarine cable system, the relevant staff said that “the operation of submarine cable system is the national strategy and the development of the industry. The submarine cable system is the main transoceanic transmission method in international and regional communication, and is the most important global communication. Information carrier."

According to the reporter, the PEACE transoceanic cable communication system operation project is to build and operate a submarine cable system connecting Asia, Africa and Europe.

Hengtong Optoelectronics said that after the completion of the above projects, by connecting China-Pakistan cross-border land cable, PEACE submarine cable system will become the shortest route connecting China and Africa, China and Europe, which greatly meets the rapid growth of China to Europe and Africa. International business traffic demand to promote the development of China's international submarine cable.

In recent years, Hengtong Optoelectronics' performance has been in a state of high profit growth. In 2014, 2015, 2016 and 2017, revenues were 10.42 billion yuan, 13.563 billion yuan, 19.301 billion yuan, and 25.950 billion yuan respectively; the corresponding net profit was 344 million yuan, 573 million yuan, and 1.316 billion yuan. 2.109 billion yuan.

The company plans to use 1.55 billion yuan to raise funds to supplement its working capital. According to Hengtong Optoelectronics, in recent years, the company has obtained certain funds through various financing methods such as bank lending, equity financing, and corporate bond issuance. However, with the growth of the company's scale of operation, the company is still unable to meet the growing demand for working capital by relying on its own accumulation and limited bank loans.

The reporter noted that from 2015 to September 2018, the company's asset-liability ratio at the end of each period was 65.72%, 65.60%, 60.81% and 64.61%, respectively, at a relatively high level.

The relevant staff said that the company can reduce the asset-liability ratio, optimize the company's capital structure, reduce the financial burden and reduce the financial expense ratio by supplementing the working capital through the issuance of funds.

Published on 2019-04-15 03:27:54
                                                More than 13 yuan per share fixed 5.2 billion, the current price of 21 yuan, cut leeks?
Published on 2019-04-15 03:29:46
                                                Conscience is broken
Published on 2019-04-15 03:34:41
                                                bless all of you
Published on 2019-04-15 05:45:42
                                                That person lets everyone figure out what is going on, is it going to fall below today?
Published on 2019-04-15 05:53:38
Organic hand :
                                                            That person lets everyone figure out what is going on, is it going to fall below today?
                                                Zhu
Posted on 2019-04-15 06:18:00
                                                It is up to 380 million shares, but it is not necessarily 380 million shares. The price of additional is not just a casual statement.
Published on 2019-04-15 06:32:38
                                                The price increase is too low!
Published on 2019-04-15 06:37:26
Organic hand :
                                                            That person lets everyone figure out what is going on, is it going to fall below today?
                                                Most likely, you are unlucky.
Published on 2019-04-15 06:43:47
                                                Over-interpreted, this is not a bad news.
Published on 2019-04-15 07:12:46
Self-operated Mingmao Maojian Green Tea :
                                                            The price increase is too low!
                                                Before bidding, you have to bid! The last additional issuance price is 10 yuan, and the final bid is more than 25 yuan!
Published on 2019-04-15 07:17:41
Jianjinxian1 :
                                                            More than 13 yuan per share fixed 5.2 billion, the current price of 21 yuan, cut leeks?
                                                Is the lowest price,
Published on 2019-04-15 07:32:28
                                                The issuance of up to 381 million shares is based on no more than 20% of the current share capital. The number of additional issuance depends on the additional price, and the additional funds raised are fixed. Do not look at the announcement carefully, blindly guessing that the additional price is not to be dripped.
Published on 2019-04-15 07:37:16
Jianjinxian1 :
                                                            More than 13 yuan per share fixed 5.2 billion, the current price of 21 yuan, cut leeks?
                                                How is it possible to increase 13+? I’ve figured out that there’s nothing wrong with speaking again.
Published on 2019-04-15 07:37:41
Jianjinxian1 :
                                                            More than 13 yuan per share fixed 5.2 billion, the current price of 21 yuan, cut leeks?
                                                Two and a half years old, what are you still not knowing?
Published on 2019-04-15 07:38:14
Buying stocks earnestly :
                                                            The issuance of up to 381 million shares is based on no more than 20% of the current share capital. The number of additional issuance depends on the additional price, and the additional funds raised are fixed. Do not look at the announcement carefully, blindly guessing that the additional price is not to be dripped.
                                                Like, positive solution
Published on 2019-04-15 07:38:36
Jianjinxian1 :
                                                            More than 13 yuan per share fixed 5.2 billion, the current price of 21 yuan, cut leeks?
                                                The additional issue price is 90% of the average price of the 20 trading days prior to the announcement date. So there is the price of the current down skating.
Published on 2019-04-15 07:55:51
                                                No need for retail investors, what is not good, bigger and stronger, profits rise, stock prices wait and see
Published on 2019-04-15 08:32:20
Laohuashan :
                                                            The additional issue price is 90% of the average price of the 20 trading days prior to the announcement date. So there is the price of the current down skating.
                                                This is not less than, but also bidding.
Posted on 2019-04-15 09:23:05
                                                Pooh!
Published on 2019-04-15 09:47:25
                                                This shows that the success of the increase, the stock price fell, the increase is not successful, today this news is nonsense!
Published on 2019-04-15 13:08:51
                                                The organization is not stupid, it will not increase in the above 20, and the price will fall to about fifteen or six.
Published on 2019-04-15 14:22:25
                                                However, the eggs can’t be saved.
Published on 2019-04-15 19:16:21
                                                Excuse me, Master: Is the additional price of 13.64 yuan? Thank you!
Published on 2019-04-15 21:31:45
                                                I have informed myself to participate in this fixed increase, the subscription is no more than one billion yuan, not less than 500 million yuan!
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