Recently, Ziguang Guoxin has not approved more than 1.3 billion yuan of corporate bonds, and Du Linhu, secretary of the purple light country core, told Securities Daily reporter that the funds raised will be used for the Chengdu R&D center project. High-performance fourth-generation DRAM Memory items, as well as repayment of corporate debt and supplementary working capital.
As a leading domestic chip company, investors have always paid high attention to Ziguang Guoxin. Since the company stopped purchasing Changjiang Storage, one of the three major domestic domestic storage chip companies, in July last year, investors have continuously asked on the investor interaction platform. Whether the company will also purchase Changjiang River storage or cooperate in the future.
Du Linhu told the "Securities Daily" reporter that the cooperation between Changjiang Storage and the company is not yet available.
1.3 billion corporate bonds approved
On the evening of April 27, Ziguang Guoxin announced that the CSRC has approved the company to publicly issue corporate bonds with a total value of not more than RMB 1.3 billion to qualified investors.
According to the reporter's review of Ziguang Guoxin's annual report last year, the company raised 1.3 billion yuan of funds mainly for project investment, repay corporate debt and replenish working capital. Among them, the Chengdu R&D center project invested 597 million yuan, and the company plans to raise 440 million yuan from raised funds. After completion, it will be used for the office building and R&D support of the Chengdu R&D center; The investment in the high-performance fourth-generation DRAM memory project will be 282 million yuan, and the company plans to invest 190 million yuan in raising funds; The company will also repay 200 million yuan to repay the company’s debt and supplementary working capital. And 470 million yuan.
Last year, Ziguang Guoxin's memory chip business realized revenue of 335 million yuan, a year-on-year increase of 72.96%. At present, the company's DRAM memory chips have formed a complete series of product interfaces covering SDR, DDR, DDR2 and DDR3 DRAM, and development-related Module products, in addition to the company's newly developed NAND Flash new products have also begun marketing. The company's newly developed products such as DDR4 and LPDDR4 are being verified and optimized, and will be gradually introduced to the market this year.
For the Chengdu R&D Center, the “Securities Daily” reporter consulted Ziguang Guoxin’s announcement and learned that in order to meet the company’s need for sustainable development in the future, the company made full use of Chengdu’s high-tech zone’s resource advantages to build a Chengdu R&D center project to form a research and development center, and the test was integrated. The research and development platform attracts more professional and scientific talents to join the company's team, further enhancing the company's R&D strength and technological innovation capabilities.
Ziguang Guoxin stated that the implementation of the project can effectively solve the problems of R&D and office space shortage caused by the company's business growth, which will help improve the company's economic efficiency and provide a strong guarantee for the company's sustained and rapid development.
Since then, Ziguang Guoxin’s R&D investment has been relatively high. The annual report shows that last year Ziguang Guoxin’s R&D expenses were RMB 503 million, a year-on-year increase of 13.28%, and accounted for 27.49% of operating revenue. “Securities Daily” Reporter According to Wind Statistics In the past five years, Ziguang Guoxin’s research and development expenses have continued to grow. The average ratio of R&D input to revenue is 27.67%. For the past three years, Ziguang Guoxin’s annual R&D investment has been over 300 million yuan.
Investors mind acquisition of Yangtze River storage
In March of last year, Ziguang Guoxin issued a major asset restructuring suspension announcement. In July of last year, the company announced plans to stop planning for major asset restructuring and to stop purchasing Changjiang River storage. The reason is that Yangtze River Storage is still in its initial stage of construction and will not generate sales revenue in the short term. The company is cautious. After the demonstration, the parties to the transaction, such as the Ziguang Guoji, reached an agreement through friendly negotiations. They believed that the conditions for the acquisition of equity in the Yangtze River were not mature enough and they agreed to terminate the acquisition.
Ziguang Guoxin and Changjiang Storage are both subsidiaries of the Ziguang Group. The latter is currently one of the top three companies in the domestic storage chip industry, focusing on the research, development, and production of NAND Flash. The other two companies are Hefei Changxin and Jinhua. Research and production of memory and niche memory. Ziguang Guoxin stated that at the time of the establishment of the Yangtze River Storage, the company had announced plans for a fund-raising project for the construction of a memory chip manufacturing plant and there was a potential competition in the industry. Ziguang Group avoided the The formation of the same industry competition has made a commitment, Ziguang Guoxin can integrate the Yangtze River storage industry.
The “Securities Daily” reporter found that investors had been oblivious to the acquisition of the Yangtze River storage incident more than half a year after the termination of the acquisition. On the investor interaction platform, investors from time to time asked whether the company would acquire Changjiang River Storage in the future.
In November last year, Ziguang Guoxin once stated on the interactive platform that the company's Xi'an subsidiary was engaged in the design of DRAM memory chips, and the current products were commissioned by professional foundries. Future Yangtze River Group's subordinate Yangtze River storage If the company has the manufacturing capacity of DRAM memory chips, the company will consider In cooperation with it, in the recent reply, Ziguang Guoxin stated that the company has not yet entered a clear plan for the field of memory chip manufacturing, and the company will actively seek development opportunities in chip design related fields. Within the next six months to one year, Will integrate storage in the Yangtze River.
According to media reports, the 3D NAND flash memory stored in the Yangtze River in April has obtained the first order, with a total of 10,800 chips, which will be used for 8GB USD memory card products. The DRAMexchange pointed out that the storage from the Yangtze River, Hefei According to the progress of integration of Changxin and Jinhua, the trial production time of the three major manufacturers will fall in the second half of 2018. The time for volume production will fall in the first half of 2019.
Du Linhu told the "Securities Daily" reporter that the production line currently under construction at Yangtze River Storage is a 3D NAND product line. There is no production line for DRAM memory chips at the moment. Therefore, the production capacity of DRAM memory chips cannot be formed in the short term. Do not have conditions.