Qixing Tower Adds Larger Three-dimensional Parking Equipment Business

Qixing Tower, which is mainly engaged in the iron tower business [8.11 0.50%] (002359) intends to issue additional financing to create new profit growth points. The company announced that it plans to issue 45 million new shares in non-public offerings at a price of not less than 8.15 yuan per share and that the funds raised shall not exceed 366 million yuan, for the purpose of implementing an annual output of 30,000 sets of urban intelligent three-dimensional parking equipment projects and supplementary company flows. funds. Qixing Group, the company's controlling shareholder, promised to participate in the non-public issuance of shares for not less than RMB 50 million and lock it in for three years.

On February 8 before the suspension of trading of the company, the stock price closed at 9.91 yuan, an increase of 7.14%.

Since the company entered the three-dimensional parking equipment industry in 2006, China's three-dimensional parking equipment will face explosive growth in the next decade. In 2012, the demand for three-dimensional parking equipment in China will exceed 350,000 units, and by 2016, it will exceed 600,000 units, increasing by 15 per year. %the above. Therefore, the company has taken the three-dimensional parking project as the focus of its recent development strategy. The total investment of the raised investment project is 298.60 million yuan, and the normal business year achieves a sales income of 635 million yuan and a total profit of 80.83 million yuan.

The company's annual report released at the same time shows that in 2011 operating income of 39,465,400 yuan, an increase of 0.77%; to achieve a net profit of 25,660,300 yuan, down 16.93%. Basic earnings per share of 0.16 yuan.

During the reporting period, the company raised an investment project “expanded 100,000 tons of iron tower project annually” and 100,000 tons of the first phase of a 200,000-ton iron tower project of Qingdao Qixing Tower Co., Ltd., a wholly-owned subsidiary, was completed and put into production, achieving the company’s scale development, but Due to the short production time, there was no significant impact on the results; the company's three-dimensional garage entered a period of rapid development in 2011, the annual sales of 44.41 million yuan to achieve sales of 22,648 million yuan, an increase of 19.84%. The impact of capacity increase on performance will be reflected in 2012. The company plans to achieve operating income and net profit of RMB 699.31 million and RMB 31.71 million respectively in 2012, an increase of 77.2% and 23.58% respectively year-on-year.