In April this year, Yirui Technology (688301) disclosed the plan to issue shares to specific objects, and the total amount of funds to be raised will not exceed 1.5 billion yuan, which will be used for the construction of X-ray vacuum devices and comprehensive solutions, with a construction period of 36 months and a total investment of 1.56 billion yuan.

On November 1, 2024, the company received the "Review Inquiry Letter on the Application Documents for Shanghai Yirui Optoelectronics Technology Co., Ltd. to Issue Shares to Specific Targets" issued by the Shanghai Stock Exchange. The letter inquired about the necessity of this fund-raising project, the situation of the previous fund-raising project, the financing scale and benefit calculation, etc. On the evening of December 1, the company replied to the above inquiry.

Yirui Technology is a supplier of X-ray imaging core components and comprehensive solutions, mainly engaged in the research and development, production, sales and service of X-ray core components and comprehensive solutions such as digital X-ray detectors, high-voltage generators, ball tubes, combined radiation sources, etc., which are used in medical diagnosis and treatment, industrial testing, safety inspection and other fields. In 2023, the company's digital X-ray detector product shipments will reach 105,500 units, leading the world.

Regarding the main considerations and financing necessity of the implementation of this fundraising project mentioned in the inquiry letter, the company said that under the background of the company's achievements in the field of digital X-ray detector business, with the technology and experience accumulated in the field of X-ray for many years, it has gradually laid out in other X-ray core components and comprehensive solution business areas, and moved towards "a variety of X-ray core components and comprehensive solution providers".

This round of financing will promote the company's development from five aspects, one is to help the company move towards the strategy of "a variety of X-ray core components and comprehensive solution providers", the second is to continue to meet the needs of the downstream market and grasp the development opportunities of the global X-ray industry, the third is to continuously improve the resilience of the domestic industrial chain and the independent and controllable ability of the company's supply chain, the fourth is to optimize the layout of the X-ray industry and deeply participate in the global market competition, and the fifth is to enrich the product matrix and build a new growth curve.

Regarding the difference and connection between this fundraising project and the previous fundraising project, the company said that the company's previous fundraising project mainly focused on the capacity construction and technology development of digital X-ray detectors, and the fundraising project "X-ray vacuum device and comprehensive solution construction project" mainly focused on the technology development and capacity construction of tube and X-ray integrated solutions, and there were obvious differences.

Both the tube and the digital X-ray detector are different core components of X-ray imaging equipment, and the X-ray integrated solution is the direct downstream of the core components. After the completion of this fundraising project, the company will provide comprehensive solutions from core component selection, supply, scheme design, and customized production to X-ray equipment brand customers based on core components, software and value-added services, without changing the company's existing BtoB business model.

For whether the fundraising project meets the relevant requirements of the main business, the company said that the products of the fundraising project belong to the company's existing business scope, and the fundraising project is synergistic with the existing main business in terms of raw materials, product production, customer development, etc., most of the products of the fundraising project have been developed, the company has sufficient technical reserves, and there is no major uncertainty in the implementation of the fundraising project.

When explaining whether there is significant uncertainty in the commercialization of this fundraising project, the company said that the fundraising and investment products have broad application scenarios and market space; The company has completed the core business team building and product technology reserves; Most of the fund-raising products have been R&D, customer sample testing or mass production and sales; The application fields, main customers, and business models of the products are basically consistent with the existing business, and the company has rich customer resources and can quickly realize the introduction of products. Therefore, there is no major uncertainty in the implementation and commercialization of this fundraising project.