On the evening of July 3 1, Power Diamond announced that the company's refinancing application was approved by the CSRC. This means that in the next step, the company will enter the financing stage of the last link of refinancing.

Power diamond refinancing is to issue shares to specific targets, and it is planned to raise no more than 4 billion yuan. The raised funds will be used to cultivate diamonds and expand the production of diamond single crystals to supplement working capital.

This is a great event. After the fundraising project is put into production, the company's production capacity will surge five times.

Power Diamond landed on the A-share market in September last year through its IPO, at which time it raised 365,438+065,438+000 million yuan, which was also used to expand production and supplement working capital.

The business performance of Power Diamond is also good. According to the performance forecast, in the first half of this year, the company's profit exceeded 226 million yuan, doubling year-on-year.

In the secondary market, Power Diamond is more powerful, and its share price has increased by more than 20 times.

Refinancing 4 billion to continue to expand production.

Less than a year after its listing, Power Diamond refinanced heavily and implemented a large-scale expansion plan.

On September 24th last year, Power Diamond successfully broke through the IPO and was listed on the Growth Enterprise Market. However, this time, the company's fundraising failed to meet expectations.

According to the prospectus, the company originally planned to raise 5,965,438+0,000 yuan through IPO for the construction project of intelligent diamond and synthetic diamond factory in Baojing new material industry, the construction project of R&D center and supplementary working capital. Among them, Baojing new material industrial diamond and artificial diamond intelligent factory construction project plans to raise 565,438,600 yuan, R&D center construction project plans to raise 45 million yuan, and the remaining 30 million yuan will raise funds to supplement working capital.

But in fact, the company only raised 3110 million yuan, and after deducting the expenses, the net fundraising was only 274 million yuan. In the end, this fund was only invested in the smart factory construction project of diamonds and synthetic diamonds in Baojing new materials industry.

As a result, just six months after listing, Power Diamond plans to refinance.

On March 26th this year, Power Diamond disclosed its income increase plan. The company plans to issue shares to no more than 35 specific targets, with the number of shares issued not exceeding 65,438+0,207,440, and the total amount of funds raised not exceeding 4 billion yuan.

This is a great event. By the end of the first quarter of this year, the total assets of Power Diamond were only 14.9 1 100 million yuan, and the fundraising amount of 4 billion yuan was 2.68 times of its total assets.

Power Diamond mentioned in the prospectus that with the transformation and upgrading of the manufacturing industry and the continuous development of the diamond consumption market, it is expected that the market demand for diamond single crystals, diamond micropowder and cultivated diamonds will continue to expand in the future, and the problems of limited production equipment and insufficient production capacity will become increasingly apparent. Limited production capacity has gradually restricted the company's grasp of industry opportunities and sustained and rapid development.

Large-scale refinancing, power diamond is also a large-scale expansion. There are three fund-raising projects, namely Shangqiu Power Diamond Science and Technology Center and Intelligent Factory for Cultivating Diamonds, Power Phase II Diamonds and Intelligent Factory for Cultivating Diamonds, and supplementary liquidity. The total investment of the three projects is 4.26 billion yuan, and the planned financing is 4 billion yuan.

Judging from the above-mentioned fundraising projects, after the completion of the project, the power diamond cultivation diamond and diamond single crystal will increase by 2,772,000 carats/year and 65,438+060,300 carats/year and 246,765,438+028,000 carats/year, respectively.

This means that after the completion of the project, the cultivation diamond and diamond single crystal of power diamond will increase by 16.28 times and 5.1/kloc-0 times respectively.

The company still has production capacity under construction. The company expects to cultivate diamond production capacity of 6,465,438+200,000 tons and diamond single crystal production capacity of 98,700 tons this year. After the completion of the above-mentioned projects, the production capacity of cultivated diamonds will increase by 2.772 million carats/year compared with this year, and will reach 34 1.32 million carats/year, which is 5.32 times of the existing production capacity (in 2022); The production capacity of single crystal diamond will increase by1506.6 million carats/year, reaching 249,345,438+200 million carats/year, which is 2.53 times of the existing production capacity (in 2022). Is it digested by such a large-scale capacity expansion? The company said that the demand for cultivating diamonds and diamond single crystal products is strong and the orders are sufficient. At the same time, the company is constantly exploring high-quality customers at home and abroad. If this fund-raising investment project can be successfully completed, the situation that the company's production capacity cannot meet the market demand will be alleviated.

Capital chasing stock price rose 20 times.

Total assets 149 1 100 million yuan, and the funds to be raised are 4 billion yuan. The strength of power diamond lies in the substantial increase in performance and the soaring stock price.

According to the performance forecast, in the first half of this year, Power Diamond is expected to realize a net profit (referred to as net profit) of 226 million yuan to 237 million yuan, an increase of108.80%-18.98% compared with the same period last year. It is estimated that the net profit after deducting non-recurring gains and losses will be 220 million yuan to 230 million yuan, an increase of1050,000 yuan109.00%-18.50% over the same period of last year.

In a single quarter, the net profit and non-net profit realized by the company in the first quarter of this year were 1.0 1 billion yuan and 97 million yuan respectively, up by 1.4785438+0% and 1.47438+0% respectively.

According to the first quarterly report and semi-annual performance forecast, in the second quarter, the company's estimated net profit and non-net profit are 65.438+0.25 billion yuan-65.438+0.36 billion yuan, 65.438+0.23 billion yuan-65.438+0.33 billion yuan respectively. Compared with the first quarter, both net profit and non-net profit in the second quarter increased. The company achieved a net profit of 67 million yuan in the second quarter of last year, so the year-on-year growth rate in the second quarter of this year was about 100%.

The above data show that in the first half of this year, the operating performance of Power Diamond grew strongly.

In 20021year, the operating performance of Power Diamond also increased strongly. In that year, the company achieved operating income of 498 million yuan, up 65.438+003.50% year-on-year, net profit and non-net profit deduction were 240 million yuan and 229 million yuan, up 22.8 17% and 24. 1.2 1% year-on-year.

In 2020, the company achieved operating income, net profit and non-net profit deduction of 245 million yuan, 73 million yuan and 67 million yuan respectively, up by 65,438+00.67%, 65,438+05.64% and 65,438+02.27% year-on-year.

It is found that the operating income and net profit of Power Diamond 202 1 and the first half of this year have exploded.

In the 20021annual report, the company explained that there was a breakthrough in technology research and development, and the proportion of sales of cultivated diamond products was greatly increased, and the benefits were significantly improved. The fundraising projects have been put into production one after another, and the production capacity of cultivating diamonds and diamond single crystals has steadily increased. The supply of diamond single crystal market is tight, and the sales price has risen obviously. The superposition of the three major factors has promoted a substantial increase in performance.

In this year's semi-annual performance forecast, Power Diamond explained that the sales proportion of the company's high-margin product cultivation diamond business increased significantly. The market demand for diamond single crystal and cultivated diamond products is strong, and the industry prosperity continues to be high. In addition, the company's previous fundraising projects have basically reached production, and the output has increased rapidly.

From the explanation of power diamond, the high prosperity of the industry, the breakthrough of the company's technology and the release of production capacity are the driving forces for the sustained and high-speed growth of performance.

In the secondary market, the share price of Power Diamond is stronger than its performance.

On September 24th, 20021year, when Power Diamond was listed on GEM, its initial price was 20.62 yuan/share. That year was165438+1October 23rd, and the share price reached 366.64 yuan/share in just two months. On May 5th this year, the company implemented the dividend plan of increasing every 10 share/distributing cash 10 share/0 yuan (including tax). After the reinstatement, the share price reached 438.50 yuan/share on July 27th, which was about 20.27 times higher than its issue price.

If you want to know more real-time financial news, please follow us.