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Topstar changed 280 million fundraising and added injection molding machine project

Recently, Topstar announced to change the implementation content of some raised funds investment projects three years ago, and to use part of the raised funds for the new raised funds project Guangdong Topstar Technology Co., Ltd. smart equipment and injection molding and CNC machine tool equipment capital increase and expansion project- Injection molding machine sub-project (hereinafter referred to as “injection molding machine project”). The raised funds involved in this change project are 280 million yuan, accounting for 43.22% of the net raised funds.

Topstar changed 280 million fundraising and added injection molding machine project

According to the data, in 2019, Topstar raised a net amount of about 609 million yuan through public additional issuance, and the funds raised were used for the construction of Jiangsu TopstarrobotCo., Ltd. robot and automation intelligent equipment project, the project construction period is 2 years.

However, due to the impact of the new crown epidemic in recent years, the implementation of the project has been delayed. For this reason, Topstar has postponed the completion time of the project to December 31, 2022. At the beginning of this year, the office building and plant infrastructure of the project have been constructed. Completed and ready to enter the completion acceptance process, as of September 30, 2022, the balance of raised funds is still 340 million yuan, which is the reason for the change of purpose of funds this time.

It is understood that Topstar initially started with auxiliary equipment for injection molding machines, including three-in-one, mold temperature controller, feeding system, etc. After years of development, it has accumulated a large number of customers. This new injection molding machine project is intended to improve The stable delivery capacity of the company’s injection molding machines.

Topstar emphasized that this change in the implementation content of some raised fund investment projects, the use of raised funds and the newly added raised investment projects is a prudent and reasonable adjustment made by the company in light of the current operating conditions and the company’s overall business development layout and other objective conditions, in line with the company’s According to actual business needs, there is no circumstance that would harm the interests of shareholders, especially the interests of small and medium-sized shareholders. It is in line with the company’s principle of prudent use of raised funds and will not have an adverse impact on the company’s production and operation.

Topstar’s financial report for the third quarter of this year shows that during the reporting period, it achieved revenue of 3.289 billion yuan, a year-on-year increase of 43.66%; the net profit attributable to the parent was 140 million yuan, a year-on-year increase of 5.71%.

Among them, the single-quarter revenue in the third quarter was 1.246 billion yuan, a year-on-year increase of 69.54%; the net profit attributable to the parent was 38 million yuan, a year-on-year increase of 750.10%,Industrial robotThe three core businesses of , injection molding machine and CNC machine tools are growing well, and the future growth potential will continue to be released.

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