Securities Code: 002587
Securities Abbreviation: AOTO Electronics
Shenzhen AOTO Electronics Co., Ltd.
Analysis Report on the Feasibility of Using Raised Funds for Issuing Shares to Specific Targets by Simplified Procedures in 2026
August 2026
I. Plan for the Use of Raised Funds in This Issuance
The total amount of funds to be raised by the company through issuing shares to specific targets shall not exceed RMB 26,500.00 million. After deducting issuance expenses, the net proceeds from the issuance are intended to be invested in the following projects:
| Serial No. | Project Name | Project Investment Amount (RMB million) | Amount of Raised Funds to be Used (RMB million) |
|---|---|---|---|
| 1 | Micro LED COB Intelligent Manufacturing Upgrade Project | 10,432.00 | 10,112.00 |
| 2 | Intelligent Visual Technology R&D Center Project | 10,427.00 | 8,269.00 |
| 3 | Global Brand and Headquarters Operations Center Project | 14,269.00 | 8,119.00 |
| Total | 35,128.00 | 26,500.00 |
Within the scope of the above-mentioned fundraising investment projects, the company may make appropriate adjustments to the order and specific amounts of investment in the corresponding fundraising investment projects based on the project progress, funding requirements, and other actual circumstances. Before the raised funds are in place, the company may use its own funds or self-raised funds to invest in the fundraising investment projects based on the actual situation and will subsequently replace them after the raised funds are in place. If the actual net proceeds from the issuance after deducting issuance expenses are less than the total planned investment amount, the insufficient portion will be resolved by the company using its own funds or self-raised funds.
II. Analysis of the Necessity and Feasibility of the Fundraising Investment Projects
(I) Micro LED COB Intelligent Manufacturing Upgrade Project
1. Project Basic Information
This project is aimed at meeting the company's high-end display business development needs. It plans to rely on existing factory buildings and supporting infrastructure to introduce intelligent and automated production equipment, build an ultra-high-definition LED display intelligent production line, and enhance the company's high-end display product production capacity and large-scale delivery capabilities.
Upon project completion, the company will leverage its existing technological accumulation to introduce advanced process technologies such as COB and Micro LED, further optimize its LED display product and process technology layout, and promote product upgrades towards higher resolution, wider color gamut, higher contrast, and higher reliability. This will enhance the company's responsiveness to customized display solutions for high-end customers and strengthen its technical strength and market competitiveness in the high-end display field.
At the same time, this project will improve production efficiency and product yield through the construction of intelligent, full-chain production capabilities, promote cost reduction and efficiency improvement in the LED display screen business, and upgrade the company's product and production capacity structure, thereby further enhancing the company's profitability and sustainable development capabilities.
2. Necessity of Project Implementation
(1) Conforming to Industry Technology Development Trends, Achieving LED Display Technology Route Upgrade and Layout Optimization