At present, the company is mainly engaged in diamond products and is one of the three giants in China's diamond field. According to the statistics of the Diamond Industry Association in 2009, the global production of synthetic diamonds is 5.5 billion carats, while China accounts for about 80% of the total. The Cyclone of the Yellow River is located in Henan Province. It is the main production base of synthetic diamonds in China, accounting for about 80% of the total output of synthetic diamonds in China. In terms of Henan, the three companies, including the Yellow River Cyclone, Yu Diamond, and the Zhongnan Diamond, which is about to IPO, account for about 80% of Henan's total production.
The company will control the diamond production capacity and suspend the previous 22,000 tons of super-hard material production line investment. The company's 22,000 tons of super-hard materials production line originally planned to invest 700 units, and has invested more than 160 units. The company plans to suspend further investment in the project. The company mainly hopes to control the production capacity of synthetic diamonds to about 1.5-20 billion carats, and focus on new projects with more promising prospects instead of blindly expanding existing production capacity. The production capacity of Yu Diamond before the listing of 300 million carats will increase the production capacity to 1 billion carats per year after the listing. The current production capacity of Zhongnan Diamond is around 2 to 2.5 billion carats, and its IPO will further increase production capacity. Although the use of synthetic diamonds is expanding, the rapid increase in production capacity of domestic manufacturers will further worsen the diamond competition environment.
The company's non-public offering of fundraising projects has broad prospects. The company's non-public offering information has been submitted to the Securities and Futures Commission and is expected to be approved in early 2011. The total amount of shares planned to be issued by the company does not exceed 110 million shares, and the issue price is not less than 6.41 yuan/share. The total amount of funds to be raised by the company is not more than 650 million yuan, which is used for the annual production of 12,000 tons of alloy powder production line project and the annual production of 12 million geological mineral drilling grade super-hard composite material production line projects.
Jiangmen Dilin Lighting High-Tech Co., Ltd. , https://www.jmdilinled.com