![<?echo $_SERVER['SERVER_NAME'];?>](/template/twentyseventeen/skin/images/header.jpg)
The company and all members of the board of directors guarantee the truthfulness, accuracy and completeness of the contents of the announcement, and there are no false records, misleading statements or major omissions.
Important content tips: 1. Name of investment target: diamond cutting saw blade project. 2. Amount and proportion of investment: The estimated total investment is 43.88 million yuan, of which 10 million yuan is applied for bank loans and 33.88 million yuan is self-raised by enterprises. 3. This investment is not purchased as a connected transaction. I. Overview of this investment
1. The 16th meeting of the 5th Board of Directors reviewed and approved the “Proposal on Investment in the Construction of Diamond Cutting Saw Blade Projectâ€. All the directors unanimously agreed to invest in the “Diamond Cutting Saw Blade Project†in Hengdian (Taiyuan) Industrial Park. The investment was 43.88 million yuan, of which construction investment was 39.98 million yuan, and the initial working capital was 3.9 million yuan. The construction period was one year.
This proposal is within the scope of the decision-making authority of the board of directors and need not be submitted to the general meeting of shareholders for consideration and approval.
2. This investment does not constitute a connected transaction.
Second, the basic situation of investment targets
(1) Basic information of the project
1. Project Name: Diamond Cutting Saw Blade Construction Project
2. Project implementation unit: Taiyuan Shuangta Gangyu Co., Ltd.
3. Project implementation location: Hengdian (Taiyuan) Industrial Park
4. Source of project funds: Apply for bank loan of 10 million yuan, and self-raised funds of the company will be 33.88 million yuan.
5. The specific construction contents are mainly: production workshop, office and living facilities and general plan project.
6. The total construction area of ​​the project is 13134 m2, and 84 sets of process equipment are newly added. The total installed capacity of equipment and lighting power is 1154KW, and the project has a capacity of 220 people.
7. After the completion of the project, the annual output of diamond cutting saw blades will be 2.7 million pieces, and the annual output of hot-pressed chips will be 1.3 million pieces.
8. After the implementation of the project, the annual sales income will be 52 million yuan, and the annual average sales profit will be 9.11 million yuan.
(II) Necessity of project construction
The implementation of the project not only brings stable economic benefits to the company, but also has obvious social benefits. It is an important measure to enhance the company's strength and market competitiveness. It will further optimize the company's industrial structure and product structure, and upgrade the company's industry. It is of great strategic importance, so the implementation of the project is very necessary.
(III) Evaluation index of investment benefit of the project
The investment profit rate is 17.2%; the investment profit tax rate is 25.1%; the project financial internal rate of return: 20.9% before tax, higher than the industry's benchmark value of 12%, after tax is 16.3%; the capital internal rate of return is 18.4%, higher than the industry The benchmark value is 13%; the financial net present value indicator is greater than zero.
The project investment recovery period is 5.8 years (before income tax), and the loan repayment period is 2.8 years (including 1 year construction period). It can be seen that the project's investment recovery rate is faster and the repayment ability is stronger. The project has good economic benefits.
Third, the risks of this investment project and the impact on the company
Due to the influence of the external environment such as industry and market, the project may have certain operational risks in the future. Since the financial yield of the project is sensitive to changes in sales revenue and operating costs, the company should actively develop the market, expand sales channels, strengthen internal management, and reduce production costs.
The project construction is in line with the company's long-term development strategy plan. If the project can be implemented smoothly, it will further enhance the company's competitiveness in the super-hard materials industry market; it will help to further enhance the company's overall profitability and ensure the company's sustained, healthy and stable development. .
Fourth, the documents for reference
1. Resolutions of the 16th Meeting of the 5th Board of Directors of the Company;
2. Feasibility study report of diamond cutting saw blade construction project.
Special announcement
Taiyuan Shuangta Gangyu Co., Ltd. Board of Directors
October 19, 2011
3 source application bank loan)
Important content tips: 1. Name of investment target: diamond cutting saw blade project. 2. Amount and proportion of investment: The estimated total investment is 43.88 million yuan, of which 10 million yuan is applied for bank loans and 33.88 million yuan is self-raised by enterprises. 3. This investment is not purchased as a connected transaction. I. Overview of this investment
1. The 16th meeting of the 5th Board of Directors reviewed and approved the “Proposal on Investment in the Construction of Diamond Cutting Saw Blade Projectâ€. All the directors unanimously agreed to invest in the “Diamond Cutting Saw Blade Project†in Hengdian (Taiyuan) Industrial Park. The investment was 43.88 million yuan, of which construction investment was 39.98 million yuan, and the initial working capital was 3.9 million yuan. The construction period was one year.
This proposal is within the scope of the decision-making authority of the board of directors and need not be submitted to the general meeting of shareholders for consideration and approval.
2. This investment does not constitute a connected transaction.
Second, the basic situation of investment targets
(1) Basic information of the project
1. Project Name: Diamond Cutting Saw Blade Construction Project
2. Project implementation unit: Taiyuan Shuangta Gangyu Co., Ltd.
3. Project implementation location: Hengdian (Taiyuan) Industrial Park
4. Source of project funds: Apply for bank loan of 10 million yuan, and self-raised funds of the company will be 33.88 million yuan.
5. The specific construction contents are mainly: production workshop, office and living facilities and general plan project.
6. The total construction area of ​​the project is 13134 m2, and 84 sets of process equipment are newly added. The total installed capacity of equipment and lighting power is 1154KW, and the project has a capacity of 220 people.
7. After the completion of the project, the annual output of diamond cutting saw blades will be 2.7 million pieces, and the annual output of hot-pressed chips will be 1.3 million pieces.
8. After the implementation of the project, the annual sales income will be 52 million yuan, and the annual average sales profit will be 9.11 million yuan.
(II) Necessity of project construction
The implementation of the project not only brings stable economic benefits to the company, but also has obvious social benefits. It is an important measure to enhance the company's strength and market competitiveness. It will further optimize the company's industrial structure and product structure, and upgrade the company's industry. It is of great strategic importance, so the implementation of the project is very necessary.
(III) Evaluation index of investment benefit of the project
The investment profit rate is 17.2%; the investment profit tax rate is 25.1%; the project financial internal rate of return: 20.9% before tax, higher than the industry's benchmark value of 12%, after tax is 16.3%; the capital internal rate of return is 18.4%, higher than the industry The benchmark value is 13%; the financial net present value indicator is greater than zero.
The project investment recovery period is 5.8 years (before income tax), and the loan repayment period is 2.8 years (including 1 year construction period). It can be seen that the project's investment recovery rate is faster and the repayment ability is stronger. The project has good economic benefits.
Third, the risks of this investment project and the impact on the company
Due to the influence of the external environment such as industry and market, the project may have certain operational risks in the future. Since the financial yield of the project is sensitive to changes in sales revenue and operating costs, the company should actively develop the market, expand sales channels, strengthen internal management, and reduce production costs.
The project construction is in line with the company's long-term development strategy plan. If the project can be implemented smoothly, it will further enhance the company's competitiveness in the super-hard materials industry market; it will help to further enhance the company's overall profitability and ensure the company's sustained, healthy and stable development. .
Fourth, the documents for reference
1. Resolutions of the 16th Meeting of the 5th Board of Directors of the Company;
2. Feasibility study report of diamond cutting saw blade construction project.
Special announcement
Taiyuan Shuangta Gangyu Co., Ltd. Board of Directors
October 19, 2011
3 source application bank loan)
Our Agricultural Belts is good in quality and competitive in price. We are manufacturer and supplier of Agricultural Belts following your specific requirement. We are looking forward to your E-mail and establishing cooperative relationship with you! We would provide professional Agricultural Belts with good services for you!
Agricultural Belt, Agri Belts, Rubber Belt
NINGBO BORINE MACHINERY CO.,LTD , https://www.borine-agroparts.com