The company focuses on the research and development, design, production and sales of precision metal structural components, the main products are frame, shell, base, plate, keys, lens ring, pivot (hinge), volume keys, minimally invasive scalpel, bone nails, the internal bracket, the shell, the company has formed a precision metal applications as an entry point, supplemented by precision plastics, through the molds, cutting tools and other upstream core links, drive consumer electronics (including electronic cigarettes), medical devices, automotive and other terminal industries and panels and other supporting industries, to form its own core manufacturing capacity and equipment level, to form the core manufacturing capacity and equipment level. Electronic cigarettes, medical equipment, automotive and other terminal industries and panels and other ancillary industries, the formation of its core manufacturing capacity and equipment level, with a number of domestic and foreign well-known customers, and become a private enterprise with strong competitiveness. The company specializes in the research and development, design, production and sales of precision metal structural components, the company in the field of consumer electronics has developed Jabil, Foxconn and other internationally renowned customers, the company's production of consumer electronics products are also used in the United States Apple (Apple), Sony (Sony), Lenovo and other internationally renowned customers of the terminal products. The company is actively expanding the above fields, among which, it has provided an internationally renowned e-commerce technology enterprise with the metal structural parts required for its smart speakers, and with the further development of the smart home industry, the company will continue to strengthen the expansion of the market in this field. The company focuses on the research and development, design, production and sales of precision metal structural parts, mainly engaged in all kinds of precision turning parts, precision stamping molds, precision cutting parts, mold standard parts and self-produced products production and sales, for Foxconn, Panasonic Electronics, Sony Electronics and other well-known customers to provide precision metal structural parts manufacturing services, the company has developed in the field of consumer electronics Jabil, Foxconn and other international well-known customers. In the field of consumer electronics, the company has developed Jabil, Foxconn and other international well-known customers, the company's consumer electronics products are also used in the United States Apple (Apple), Sony (Sony), Lenovo and other internationally renowned customers of the terminal products. The company has developed internationally renowned customers in the field of consumer electronics, such as Jabil and Foxconn, and the consumer electronics products produced by the company are also used in the terminal products of internationally renowned customers, such as Apple, Sony and Lenovo. With some domestic cell phone manufacturers to carry out joint basic development work, the company previously had a precision medical equipment structure parts production business basis, so there is no technical problem in the production of flexible screen spindle. Some of the products are used in foreign TWS wireless headphones, but the proportion of such products in the company's overall revenue is very small. The company holds 0.29% of the shares of Tsing Tao Development, and the company is a supplier of Tsing Tao Development, and has been providing battery module products for it. The company and Qingtao development *** with the investment in the establishment of Jiangsu Kesen Qingtao Technology Co., Ltd. will help the company to obtain Qingtao development of more orders, in the future solid-state batteries are accepted by a large number of OEMs, the company to provide a new point of growth for the business, and further help the company's development of the realization of the strategic objectives, enhance the competitiveness of the company. The company intends to issue not more than 141,876,975 shares to raise a total of not more than RMB 1,600,000,000, the net proceeds after deducting the issue costs will be used for the expansion project of high-precision molds (with a total investment of RMB 299,354,200,000, an estimated average annual operating income of RMB 179,768,600,000, an average annual net profit of RMB 21,154,400,000, and an investment in the project with an internal rate of return before income tax of 13.5 percent, and a financial return of 13.4 percent. Internal Rate of Return before Income Tax 13.60%), Minimally Invasive Surgical Instrument Parts and Components Manufacturing Project (total investment of 351,975,800 Yuan, expected average annual operating income of 204,621,300 Yuan, average annual net profit of 49,313,100 Yuan, project investment financial internal rate of return before income tax of 28.91%), Smart Wearable, Smart Home Products Components Manufacturing Project (total investment of 50,548.00 million yuan, expected average annual operating income of 52,656.80 million yuan, average annual net profit of 49,835,900 yuan, the project investment financial income before tax internal rate of return of 21.70%) and supplemental working capital project. Against the background of the growing sales scale of medical surgical instrument structural parts, the Company intends to expand its production scale through this offering in order to seize the market development opportunities and enhance the Company's position in the industry of medical instrument structural parts. Relying on the technology, quality, customer and other advantages accumulated over the years in the field of precision metal structure manufacturing, the company successfully became the supplier of an internationally renowned heated non-combustion method e-cigarette brand customer, providing it with metal brackets and other products, and the products successfully entered mass production in the second half of 2018, and will continue to contribute to the company's performance this year. At the same time, the company invested in the establishment of the "Kesen Optoelectronics" in the second half of last year, and gradually entered mass production. Marking the company from the original business areas, expanding to consumer electronics, medical equipment, automotive, electronic cigarettes, panels and other fields, product coverage is broader, which is conducive to the company to bring new performance growth points, reduce business risks, the formation of the manufacturing side of the "brand effect". The company set up a wholly-owned subsidiary Cosun Intelligence, set up a team of nearly 100 people, design automation integration solutions, automated production lines combined with product big data "hardware software" approach, to a certain extent, to improve the production efficiency and product yields, and reduce labor consumption. The company is mainly based on precision die-casting, forging, stamping, CNC, laser cutting, laser welding, MIM, intelligent manufacturing and other manufacturing processes, technology, for Apple, Amazon, Google, Medtronic and other international and domestic well-known customers to provide consumer electronics, medical devices, automotive (including new energy vehicles), LCD panels, electronic cigarettes and other end-products required for the research and development of precision metal structural components, manufacturing and part of the process services. process services. The company's consumer electronics products include cases, frames, plates, buttons, logos, pivots (hinges), etc. for smartphones, laptops, and tablets; medical devices include scalpels, bone spikes, etc.; e-cigarettes include metal brackets and some exterior parts; and LCD panels include part of the process services.
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