On January 25, Silan Micro released its 2017 annual results forecast. From January 1, 2017 to December 31, 2017, the company's performance is expected to increase by RMB 67.124 million to RMB 86.623 million, an increase of 70% to 90% year-on-year; The net profit attributable to shareholders of listed companies excluding non-recurring gains and losses will increase by RMB 69,714,900 to RMB 86,150,500, an increase of 300% to 370% over the same period of the previous year.
For the 2017 annual growth pre-growth, Silan Micro explained:
1. In 2017, the shipments of power and power drive circuits, MCU circuits, intelligent power modules (IPM), IGBT and other power devices and MEMS sensor products maintained rapid growth. The chip production line of Hangzhou Silan Integrated Circuit Co., Ltd. (hereinafter referred to as “Shilan Integratedâ€), the company's holding subsidiary, maintains full-load production, chip output continues to grow, product structure is further optimized, and the company and its subsidiaries are profitable. The level has been further improved.
2. In 2017, the production and sales volume of Hangzhou Silan Mingxin Technology Co., Ltd., a subsidiary of the company, maintained steady growth and the profit level remained stable.
3. In the second half of 2017, Hangzhou Silan Group Microelectronics Co., Ltd. (hereinafter referred to as “Shilanjiâ€), a subsidiary of the company, has already imported some products into mass production, and the output increased month by month. The chip output has reached 15,000 pieces. Since the 8th line has not yet fully reached production, the Silan Group has a higher fixed cost allocation, thus forming a certain degree of loss. The loss of Silan Group has had a partial impact on the company's overall performance in 2017.
On the same day, Silan Micro also issued the “Announcement on Adjusting the Amount of Funds Raised by the Use of Raised Fundsâ€. According to the announcement, Silan Micro will not issue more than 130,505,709 shares in the original non-public offering, and the total amount of funds to be raised will not exceed RMB 80 million for the implementation of the annual production capacity of 890 million MEMS sensor expansion projects. "Change as follows:
It is understood that according to the "Approval of the Approval of Non-public Issuance of Shares by Hangzhou Silan Microelectronics Co., Ltd." issued by the China Securities Regulatory Commission (CSRC [2017] No. 2005), Silan Micro has issued a non-public offering to six specific targets. There were 64,893,614 ordinary shares of RMB, and the issue price per share was 11.28 yuan. The total amount of funds raised was RMB 731,999,965.92. The expenses related to the issuance (excluding tax) were RMB 26,405, 660.37, and the actual net proceeds were RMB 705,594,305.55. The raised funds were all in place on January 3, 2018.
Silan Micro's adjustment of the amount of funds raised by the fundraising project in line with the company's development strategy will help improve the efficiency of the company's fundraising and will not affect the normal implementation of the fundraising investment project.

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