On December 27, Longking's application for public issuance of 2 billion yuan of convertible corporate bonds was successfully approved after being examined by the Development and Examination Committee of the China Securities Regulatory Commission. According to the previously announced bond issuance plan, Longking has raised 800 million yuan for ecological energy projects in Pinghu city, another 150 million yuan to supplement the company's working capital, and the remaining 1.05 billion yuan to invest in the company's product research and development and intelligent manufacturing.
Injecting new power into strategic transformation
As an enterprise focusing on research and development and application in the field of environmental protection for more than 40 years, Fujian Longking Co., Ltd. has accumulated rich experience in leading environmental protection products such as dust removal, desulfurization, denitration, electric control devices, material transportation, etc., and has maintained its leading technological advantage in the field of air pollution protection.
On this basis, Fujian Longking Co., Ltd. has actively expanded environmental monitoring, solid waste treatment, water pollution control, soil and ecological restoration and other environmental protection fields in recent years. After the 2 billion yuan convertible corporate bonds are funded, the scale of Longking's environmental protection assets will be greatly increased, its capital strength and anti-risk ability will be enhanced, and its sustainable profitability will be improved accordingly.
The use of part of the raised funds to supplement the company's working capital will optimize its business structure, increase investment in scientific and technological innovation, expand its business lines and products, enhance Longking's core competitiveness in environmental protection, and make continuous progress towards the goal of "building a world-class eco-environmental protection enterprise with global competitiveness".
The development of multi-environmental protection fields is getting better and better.
In recent years, Longking's strategy of "keeping the leading role in old business and expanding the new one" has made new progress and its business layout has been enriched. It has developed in many new field of environmental protection. The third quarter report shows that the non-electricity sector is becoming the main source of Longking's environmental performance growth. As of the end of the reporting period, Longking's orders in hand reached 19.561 billion yuan, of which 3.581 billion yuan, accounting for 32.32%, and 7.5 billion yuan, accounting for 67.68%, were in the power industry.
At present, Fujian Longking Co., Ltd. has obtained Grade A qualification for special water pollution prevention design, Grade B qualification for solid waste treatment and disposal engineering design and Grade B qualification for pollution remediation engineering design. It has laid a solid foundation for entering into solid waste treatment, water pollution treatment, soil and ecological restoration and other businesses. It is gradually becoming a "five-in-one" ecological environmental protection comprehensive enterprise integrating environmental monitoring, system solution provision, high-end equipment manufacturing, pollution treatment and environmental protection intelligent operation.
While making progress in various fields of environmental protection, the current awareness of protecting the ecological environment and promoting the construction of ecological civilization from the central to the local level has been greatly enhanced. The continuous release of policies and market dividends related to the environmental protection industry will also make more contribution to Longking's goal of becoming an integrated environmental management service provider.