Leading capacitor maker Aihua Group disclosed a private placement plan on the evening of September 18, proposing to issue shares to no more than 35 specific investors and raise total proceeds of no more than 1.88 billion yuan, with the pricing base date set as the first day of the issuance period. Of the funds raised, 1.5 billion yuan will go to an integrated high-end capacitor capacity expansion project in Yiyang, Hunan Province, and 380 million yuan will be used to replenish working capital. The project has a construction period of 24 months, plans to acquire 86.07 mu of industrial land, and will build a total floor area of about 126,708 square meters, focusing on high-end application scenarios such as wind, solar and energy storage, AI computing infrastructure, and high-voltage new energy vehicle onboard applications, with capacity for plastic-shell and aluminum-shell film capacitors, snap-in aluminum electrolytic capacitors, large-size leaded high-voltage aluminum electrolytic capacitors, and hybrid solid-liquid aluminum electrolytic capacitors. According to calculations, the project's after-tax internal rate of return is 11.53 percent, and the after-tax static payback period is 8.55 years. Aihua Group said that after completion, the project will significantly raise the share of high-end capacitor capacity, drive the product mix toward higher value-added optimization, and further leverage economies of scale to reduce unit manufacturing and management costs.
Hunan Aihua Group Co LtdAihua Group plans a private placement to raise up to 1.88 billion yuan, with 1.5 billion for high-end capacitor capacity expansion and 380 million for working capital.
