According to the China Securities Regulatory Commission website information, the board issuance examination committee is scheduled for March 7 audit of the sea four of the first application, which intends to issue 2200 million shares, fund-raising for 225.81 million yuan to "annual output of 37 million Ah lithium-ion battery and its management System technical transformation project ".
The prospectus shows that the sea four of the current capacity of only 9 million lithium battery Ah, the raised investment project capacity to reach its current capacity will be more than 4 times. According to the data show that lithium batteries in the power tool battery market penetration in 2012 will reach 69%, but the growth rate is only about 8%. Its expansion more than 4 times raised investment project capacity is digestion doubt.
Four of the existing power-lithium battery annual production capacity of 9 million Ah, nickel battery and plate annual production capacity of more than 100 million Ah. And its performance is mainly due to nickel-cadmium batteries, most of the sales.
In 2009, 2010, 2011, the sea four of the nickel-cadmium battery sales revenue of 109.3142 million yuan, 175,138,100 yuan, 183.7941 million yuan, accounting for the proportion of the main business income of 53.07%, 60.65%, 52.50%. In addition, in 2009, 2010 and 2011, the sea four of nickel-cadmium batteries contributed gross profit accounted for the current consolidated gross profit ratio was 42.05%, 53.60% and 47.19% from the current development trend, nickel-cadmium batteries exist Hydrogen-nickel batteries and lithium batteries to replace the risk. Therefore, the sea four years in recent years began to develop lithium-ion battery power. The prospectus shows that lithium batteries in the third quarter of 2008 began mass production, and in November 2010 to reach 8 million Ah capacity by the end of 2011 to 9 million Ah capacity.
At present the new energy market, large-scale power battery project planning a wave overshadowed in a short period of three years, the sea four up to 4 times the capacity expansion, in many opponents stand out, still need to consider.