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According to the non-public offering plan previously issued by Guangri Co., the company will raise no more than 700 million yuan by way of non-public offering of shares to specific targets, for the upgrade project of Guangri Elevator R&D and production base, and the research and development of Guangri Electric Production base upgrading project and construction project of Guangri West Industrial Park.
Strategically, Guangri shares said that this is an important step for the company to implement the strategic concept of “Smart City Equipment Solution Providerâ€. The successful fundraising of relevant funds can realize the elevator industry, enhance the competitive advantage of Guangri shares, and enable the company to explore new industries step by step, realize the strategy through the endogenous growth of the elevator industry and the extension of emerging industries. Conception.
In terms of business, Guangri shares said that after the completion of the issuance, the company will further enhance the company's elevator manufacturing, elevator parts production and elevator logistics service capabilities, optimize the industrial layout, give more play to the advantages of industrial clusters, and enhance the company's manufacturing in the elevator. And the competitiveness of the service sector.
In addition, the implementation of related fundraising projects will further promote the extension and development of elevator homologous technologies and products. Promote the research and development, application and upgrade of the company's energy conservation and environmental protection and new energy technologies and products, and create new performance growth points. On January 27th, the company released the announcement of the 2013 annual report performance increase. According to the announcement, the company's net profit attributable to shareholders of listed companies in 2013 increased by 90% to 105% compared to 2012.
In 2014, the company's operations continued to maintain a rapid growth momentum. On January 13, the company's wholly-owned subsidiary, Guangzhou Guangri Investment Management Co., Ltd. and Changchun FAW Sihuan Tianjia Auto Parts Co., Ltd. signed the "Acquisition Cooperation Framework Agreement", intending to acquire the original shareholders of Tianjia Parts in two phases. The equity held is designed to quickly cut into the LED automotive lighting market and realize the extension of the company's LED lighting technology and products. The wholly-owned subsidiary Guangri Elevator has frequently reported the success of the company. Among them, the company and Chongqing Tuowei Construction Investment Co., Ltd. officially signed the elevator equipment sales and installation contract. The total contract amount exceeded 30 million yuan, and the marketing work of the whole year was achieved.
Guangri said that the company is concentrating on cultivating and expanding new LED, cable and other new businesses in accordance with the principle of “process-related, technology-related and market-relatedâ€. The company is gradually entering the harvest season, and Guangri forecasts that the company’s LED products will be placed this year. The volume will gradually enter the blowout phase and will make a greater contribution to the company's profit growth. 
Guangri shares fundraising application passed this year's LED order volume or blowout
Guangri shares announced on the evening of March 9 that the China Securities Regulatory Commission issued an application for review and approval of the company's non-public offering of shares. This means that the company's non-public offering has taken another step forward.