Penghui Energy (107.60,-6.600,-5.78%) announced on the evening of April 12, intends to non-publicly issue no more than 13.8 million shares of stock, the total amount of funds raised is no more than 966.8 million yuan.

Fund-raising, 806.8 million yuan invested in the annual output of 471 million ampere hours of new energy (1562.02,-15.030,-0.95%) lithium-ion power battery construction project, the remaining funds to supplement working capital.

The company intends to expand the company's power lithium production capacity through this non-public offering, in order to fully grasp the new opportunities of the industry's development, increase new market space and profit growth points, thus effectively enhancing the company's overall profitability.

At the same time, through this non-public offering to increase the layout in the field of high-performance products represented by power lithium batteries and to supplement the company's working capital, can help the company to optimize and improve the product structure, industrial layout, and comprehensively improve the company's manufacturing strength, technical level and overall industrial management and engineering capabilities, enhance the company's capital strength, which is conducive to the company to better cope with the new situation of the market competition, enhance the overall market Competitiveness