① The company's product layout is constantly being adjusted. In the future, the cutting business of Jepter continuous light laser products in the field of metal sheets will gradually be reduced, and the layout of high-margin products such as precision laser welding will be increased; ② It said that considering the current differences in import and export trade control mechanisms in different countries, as well as the time period of the fundraising application process, etc., overseas business will continue to be carried out in the form of own funds.
“Science and Technology Innovation Board Daily”, July 5 (Reporter Wu Xuguang) After 19 months, Jeput's fixed increase has been slow to come to fruition.
On the evening of July 4, JPT announced adjustments to the fixed increase plan. The “Science and Technology Innovation Board Daily” reporter noticed that the company has now reduced the maximum amount of capital raised, from 1.633 billion yuan to 1.295 billion yuan, a 21% reduction; the biggest change is that the “Overseas Technical Support and Network Construction Project”, which was originally scheduled to increase capital, was removed from the new plan.
The “Science and Technology Innovation Board Daily” reporter learned from people familiar with the matter that the current adjustment of the fund-raising amount is based on the current market environment, the company's development and plans after discussions with relevant departments.
According to reports, according to JPT's fixed increase plan before adjustment, the “Overseas Technical Support and Network Construction Project” is being built in response to the “going global” development strategy of some domestic downstream enterprises. It is planned to build technical support and service networks in India, Singapore, the United States, Japan, etc., and expand the company's overseas marketing network.
JPT excludes “overseas technical support and network construction projects” from the fixed increase plan. How will subsequent investment funds be resolved? What are its future overseas business plans?
The “Science and Technology Innovation Board Daily” reporter called the Jept Securities Department this afternoon (July 5). Its staff said that considering the impact of factors such as the time period of the fundraising application process, the company will continue to develop overseas business through its own funds.
The “Science and Technology Innovation Board Daily” reporter noticed that in the past two years, JPT's overseas sales revenue has continued to decline.
Data show that in 2022, JP's export revenue was 0.289 billion yuan, a year-on-year decrease of 22.18%; in 2023, it was 0.231 billion yuan, a decrease of 20.22% year-on-year. Corresponding to this, the share of JPT's overseas revenue in total revenue is also gradually declining, from 24.66% in 2022 to 18.86% in 2023.
Jefft said that the decline in export sales revenue in 2023 is mainly due to a slowdown in global expansion of production in the passive components industry and a decline in demand for new equipment purchases from overseas customers.
“Judging from its actual business, the overseas business, as an important business segment of the company, has shown a steady development trend in recent years, but the data reflected in the financial report has declined because some of the company's overseas revenue is delivered through domestic foundries and directly included in domestic revenue, which has indirectly led to a decline in the overseas revenue portion of the company's financial report.” The director's secretary explained.
The “Science and Technology Innovation Board Daily” reporter noticed that in JPT's latest fixed increase plan, it is proposed to invest 0.102 billion yuan in “laser production expansion construction projects” to increase production capacity of optical fiber (pulse, continuous) lasers, solid-state lasers, etc., which are in line with the company's 2019 IPO fund-raising projects “fiber laser production expansion construction project” and “semiconductor laser production expansion construction project”, all of which expand production capacity for its laser-related products.
However, judging from the revenue situation of IPO fund-raising projects, as of fiscal 2023, most have not achieved the expected benefits. Now, can JPT achieve the expected benefits by increasing the new production capacity?
In response, the aforementioned director and secretary of Jepter said that in terms of IPO fund-raising projects, the company's continuous light laser products were mainly used in the metal sheet cutting market, and price competition in this field was intense, leading to a decline in the gross margin of the company's related products.
“As the company expands the downstream market into new fields such as new energy, consumer electronics, glass, ships, aviation, etc., the demand and upgrading of the company's laser products is showing an upward trend. Corresponding to this, the company's product layout is constantly being adjusted, and the subsequent cutting business for continuous light laser products in the metal sheet field will gradually decrease. Instead, the layout of high-margin products such as precision laser welding will be increased.” The company's director and secretary added.