Aihua Group (603989) announced on the evening of August 3 that the company decided to relocate its subsidiary, Sichuan Aihua Electronics Co., Ltd., to Jinshan Industrial Park of Luojiang Economic Development Zone. The planned investment of relocation and expansion project is about 150 million yuan.
Aihua Electronics' main business scope is to manufacture and sell aluminum electrolytic capacitors and related electronic materials, sales and aluminum electrolytic capacitors, and engage in the import and export of aluminum electrolytic capacitors.
The completion period of the project construction is 2 years, reaching 50% of the capacity in the first year after the production, and 75% of the capacity in the second year, and achieving the third year. After the project is completed and put into production, it is expected to achieve sales income of 360 million yuan and net profit of 39 million yuan.
The Aihua Group said that the implementation of the project will help the company focus on its main business and further increase its capacitor capacity.
It is reported that in July this year, Aihua Group (603989) issued a notice saying that the subsidiary Xinjiang Rongze Aluminum Foil Manufacturing Co., Ltd. and the Seventh Division Kuitun Tianbei New District Management Committee signed an investment agreement to expand the production of Xinjiang Rongze Medium and High Pressure Chemical Foil Production Line. Cooperation on the relevant matters of the project.
The total investment of the Xinjiang Medium and High Pressure Chemical Foil Production Line Expansion Project is about RMB 306 million. The project land is located in the Tianbei New District Industrial Park, and the existing land, houses and facilities of Xinjiang Rongze in the 7th Division Kuitun Tianbei New District Industrial Park will be purchased. In the 7th Division Kuitun Tianbei New District Industrial Park increased the purchase of 28 acres of land; in the 7th Division Kuitun Tianbei New District Industrial Park built 30 new foil production lines.
Aihua Group said that the signing of this agreement is conducive to promoting the project construction. After the project is completed, it can provide effective protection for the company's supply of foil raw materials, so that the supply and price of raw materials can be controlled, and it is also beneficial for the company to form "corrosion foil + chemical foil." The complete industrial chain of + electrolyte + aluminum electrolytic capacitors enhances the company's vertical integration capability for upstream and downstream industrial chains, further improves the company's overall strategic layout, and enhances the industry's competitive advantage in industrial chain integration.
According to the financial report, Aihua Group achieved operating income of 377 million yuan in the first quarter of 2017; net profit attributable to shareholders of listed companies was 76.39 million yuan, an increase of 39.50% over the previous year.
Position Selector Switch,Rotary Selector Switch,Pole Rotary Switches,Ceramic Rotary Switch
Foshan City Jiulong Machine Co., Ltd , https://www.jlthermostat.com