Fengfan Co., Ltd. (hereinafter referred to as the company) is affiliated to China Shipbuilding Industry Corporation. The company's predecessor, Baoding Battery Factory, was founded in 1958. It was one of the 156 key construction projects of the country during the "First Five-Year Plan" period. It was renamed Fengfan Battery Factory in 1992 and restructured into Baoding Fengfan Group Co., Ltd. in 1996. In June 2000, it was China Shipbuilding Industry Corporation serves as the main sponsor to establish a joint-stock company with a registered capital of 218 million yuan. In July 2004, "Fengfan Shares" A shares (600482) were listed on the Shanghai Stock Exchange. In February 2006, the share-trading reform was completed.
The company has a postdoctoral workstation and the only national technology center in the industry that has been recognized by the National Development and Reform Commission and the Ministry of Science and Technology. It has been designated as the third batch of national enterprise and institution intellectual property pilot units by the State Intellectual Property Office, and has obtained the National Accreditation Committee (CNAS) issued the "National Laboratory" and "National Defense Science and Technology Laboratory" accreditation certificates, which can provide users with automotive, industrial and various special-purpose battery products in accordance with international advanced standards, and won the Ministry and Provincial Science and Technology Progress Award 44 He has won 4 national science and technology progress awards and 3 authorized invention patents. The Acid Battery Branch of the China Chemical and Physical Power Supply Industry Association and the Lead-Acid Battery Branch of the China Battery Industry Association moved to Fengfan in May 2006 and March 2007 respectively.
The company passed ISO9001 quality system certification in 1995, VDA6.1 and QS-9000 quality system certification in 2000, and passed ISO/TS16949 standard certification, the world's top quality management system in the auto parts industry, in 2003, and successfully passed it in the same year. GBT24001 environment and GBT28001 occupational health and safety management system dual certification. The company has established a complete marketing system and has successfully provided supporting products for most domestic mainstream models such as Audi A6, Passat Lingyu, Buick Roroy, Beijing Benz Dyke 300C, SAIC Roewe, Nanjing Nanjing MG, Hyundai Tucson, Santana, Iveco, etc. Accounting for 30% of the domestic supporting market, it has been ranked among the "Top 100 Auto Parts Enterprises in China" for two consecutive years. It has built 16 sales and service centers in 31 provinces, municipalities and autonomous regions across the country, and has launched a nationwide joint warranty service system for windsurfing batteries. The domestic market share has reached more than 25% and it is exported to more than 30 countries and regions. Now the products have been officially included in the global procurement system of General Motors of the United States.
Fengfan Co., Ltd.
The "Fengfan" trademark was recognized as a "China Famous Trademark" in 1999. In 2006, Fengfan products were officially listed as "National Inspection-Exempt Products" by the State Administration of Quality Supervision. The company has successively won the titles of "National Customer Satisfaction Enterprise", "National Advanced Enterprise in Quality Management", "National Advanced Enterprise in Waste Reduction and Loss Reduction", etc. In 2004, it was jointly awarded "Advanced Central Enterprise Collective" by the Ministry of Personnel and the State-owned Assets Supervision and Administration Commission of the State Council. Honorary title.
The company continues to enhance its independent innovation capabilities. Large-scale technological transformation and adjustment in recent years have optimized product layout. The annual production capacity of batteries has reached 10 million. In 2005, the organizational operation model completed an intensive transformation, and management functions gradually Sinking has strengthened cost awareness, improved operating efficiency and market adaptability. While continuing to improve the starting battery manufacturing platform, it is committed to R&D investment in industrial batteries and new green and environmentally friendly power sources (lithium-ion batteries, solar cells). Fengfan's "Eleventh Five-Year Plan and 2020 Vision Plan" proposes to expand and strengthen the main business consisting of three pillar products, including starting lead-acid batteries, industrial lead-acid batteries and new green and environmentally friendly power supplies. By the "Eleventh Five-Year Plan" "At the end of the period, all major economic indicators will double compared with 2005, with output value reaching 5 billion yuan and sales revenue of 5 billion yuan, becoming a large-scale battery enterprise group with initial international competitiveness; in 2020, the company's total industrial output value will reach 10 billion Yuan, with sales revenue of 10 billion Yuan, truly becoming the "No. 1 in China and world-famous" new energy industry group.
Fengfan Shares announced on March 21 that the company’s application for non-public issuance of shares was unconditionally approved by the Issuance Review Committee of the China Securities Regulatory Commission on March 20. Fengfan shares plan to non-publicly issue no more than 70.38 million shares at a price of no less than 8.75 yuan per share and raise total funds of no more than 1.06 billion yuan.
According to the additional issuance plan, the 1.06 billion yuan raised by Fengfan Shares will be used to invest in a construction project with an annual output of 5 million high-performance sealed maintenance-free lead-acid batteries and an annual output of 4 million AGM batteries.
The company predicts that the AGM battery project with an annual output of 4 million units will have a normal annual operating income of 1.32 billion yuan, a total profit of 133 million yuan, and an after-tax internal rate of return of 17.71%. The project with an annual output of 5 million high-performance sealed maintenance-free lead-acid batteries will have a normal annual operating income of 1.09 billion yuan, a total profit of 113.44 million yuan, and an after-tax internal rate of return of 19.54%.